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Northern Rock sold to Virgin Money for £747m
News Virgin Money is to buy the state owned bank Northern Rock for £747m from the UK government.
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Henderson rises on tender offer plans
News Henderson, a bankers investment trust, rose more than 10% after announcing that it is planning to purchase up to 17.5% of the shares in issue as part of the company's 'Realisation Strategy'.
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Britain facing banking exodus as HSBC and RBS slash jobs
News The Euro debt crisis appears to be forcing banks to accelerate efficiency savings as profits from investment banking dwindles.
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Barclays to sell Barclays Private Equity to management for £45m
News Barclays Bank is to sell the management company and associated companies which form Barclays Capital's management buy-out business, Barclays Private Equity, to its management team.
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Lloyds facing ratings downgrade from Moody's
News The credit ratings agency Moody's has fired a warning shot across the bows of Lloyds Banking Group by threatening to downgrade its A1 unsecured debt rating.
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HSBC tumbles as profits sink - UPDATE
News Shares in banking giant HSBC took a tumble on Wednesday after the firm saw a massive 36% drop in underlying pre-tax profits in the third quarter and warned of "very challenging" global economic conditions.
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Massive drop in HSBC profits
News HSBC, the UK's biggest bank, has seen a massive drop in underlying pre-tax profits in the three months to the end of September.
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Wednesday preview: HSBC, Sainsbury
News It is another frantically busy day for company results on Wednesday, with Britain's second biggest company by market value, HSBC, keeping the banking results season ticking over while supermarket chain Sainsbury provides another opportunity to take the temperature of the UK high street.
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UPDATE: Lloyds shares jump despite heavy loss
News Shares in Lloyds Banking Group surged this morning despite the firm reporting a £3.9bn loss for the first nine months of 2011.
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