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Updated: 19 hours 3 min ago

Greece taps public sector cash to help cover March needs - sources

Tue, 03/03/2015 - 16:28
ATHENS (Reuters) - Greece is tapping into the cash reserves of pension funds and public sector entities through repo transactions as it scrambles to cover its funding needs this month, debt officials told Reuters on Tuesday.

European Banking Authority will not run stress tests in 2015

Tue, 03/03/2015 - 16:25
MILAN (Reuters) - The European Banking Authority (EBA) will not this year run stress tests to gauge whether European banks have sufficient core capital to withstand shocks to the system, it said on Tuesday.

BP chief Dudley's pay rises 20 percent to more than $12 million

Tue, 03/03/2015 - 16:07
LONDON (Reuters) - BP Chief Executive Bob Dudley's total compensation rose by more than 20 percent to $12.74 million (8.28 million pounds) in 2014, when the company's profit fell due to lower oil prices and production.

Barclays will cut investment bank again if performance doesn't improve

Tue, 03/03/2015 - 16:06
LONDON (Reuters) - Barclays Plc chief Antony Jenkins has threatened more cuts to its underperforming investment bank after a 750 million pounds charge by the British bank provided fresh evidence of the costs of past misdemeanours by its traders.

Ex Morrison tax chief jailed in UK for insider dealing

Tue, 03/03/2015 - 16:03
LONDON (Reuters) - The former group treasurer and head of tax at British high street retailer WM Morrison Supermarkets Plc has been sentenced to 12 months in jail for insider trading by an English court.