Exotix Capital, the developing markets investment bank, said it has hired four new executives to expand its global presence in fixed income.
British shares sold off on Wednesday as the United States threatened to slap 10 percent tariffs on a list of $200 billion worth of Chinese imports, escalating a trade war and sending jitters across global markets.
U.S. stock index futures dropped sharply on Wednesday after the United States threatened tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.
Dollar rose near an 11-month high against the Chinese yuan and the Australian dollar tumbled after the U.S. said it would slap tariffs on an extra $200 billion of imports from China, sharply escalating tensions between the world’s two biggest economies.
The UK’s top share index rose on Friday, shrugging off any worries over global trade after U.S. tariffs on Chinese goods took effect.
More than a dozen employees at Lloyds will be spared criminal trial for their part in the alleged rigging of the Libor benchmark, after Britain’s SFO closed its investigation due to lack of evidence.
UK’s top share index lost ground as persistent jitters over global trade kept risk appetite subdued, though buoyant energy stocks helped stem losses.
Britain’s Barclays has promoted insiders to two of its most senior banking roles as it looks to boost its profit.
Britain’s top banks like HSBC and Barclays will have to show investors how they can be shut without causing mayhem in markets, the Bank of England said.
The blue chip FTSE 100 index gained 0.3 percent, while mid caps also advanced 0.7 percent.