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Close Brothers hit by market conditions
News Close Brothers, the FTSE 250 banking, securities and asset management firm, has been affected by difficult market conditions for the Securities division.
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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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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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