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LONDON (Reuters) - Britain's financial regulator said it had finalized capital requirements for Royal Bank of Scotland and Lloyds Banking Group and was comfortable with their plans. The Prudential Regulation Authority said it would release more information when it had concluded discussions with all banks, including, where necessary, if banks
PORT LOUIS (Reuters) - Mauritius's earnings from tourism dropped 12.4 percent from a year earlier to 12.06 billion rupees in the first three months of this year as the weak economic environment in Europe hurt visitors' spending. Statistics Mauritius cut its forecast for visitor arrivals this year to 990,000 from a previous estimate of 1
ISTANBUL (AP) — Protesters set up barricades and plumes of tear gas rose in Istanbul's streets into the early hours Sunday after Turkish riot police firing tear gas and water cannons cleared out the occupation of a park at the center of the strongest challenge to Prime Minister Recep Tayyip Erdogan's 10-year tenure.
(Reuters) - Large-cap U.S. banks such as Bank of America Corp , Citigroup Inc and PNC Financial Services Group Inc stand to gain from lower credit losses and the release of excess reserves, brokerage Sanford C. Bernstein said. "Reserve release has been boosting EPS and while it likely fades, the tank doesn't look empty yet," analysts led by John McDonald said in a note to clients. Reserve release as a percentage of earnings is
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