The payment protection insurance (PPI) scandal could cost banks £53bn, according to a forecast made as firms warned of mounting bills from claims. Dominic Lindley of New City Agenda made the estimate as CYBG shares fell 20% to record lows after it …
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COPENHAGEN (Reuters) – Danske Bank (DANSKE.CO) named Stephan Engels from Commerzbank (CBKG.DE) as its finance chief on Thursday, the latest step by the Danish lender’s new boss to restore trust after its involvement in a damaging money …
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Twitter has temporarily turned off its tweet by SMS function after its CEO Jack Dorsey’s account was hacked. A hacker group called the “Chuckling Squad” gained access to Dorsey’s account and used it to tweet racist and anti-Semitic slurs. The hackers …
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… * Share buyback starts immediately. * Latest European oil firm to do so. * Johan Sverdrup oilfield starts production. * Last of the giant North Sea fields. * Shares up 7%, best performer of European STOXX index (Adds analyst comment, updates share).
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Sept 4 (Reuters) – Mallinckrodt Plc has hired restructuring firms and may choose to seek bankruptcy protection, Bloomberg reported on Wednesday,
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