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Germany tightens screws on UK in Bundestag Brexit demands

  BLoomberg German lawmakers laid out a sweeping series of conditions for Brexit talks with the U.K., and demanded a say on the final outcome. A resolution to the lower house of parliament put forward by the governing parties sets out the Bundestag’s terms for future access to the single market once the U.K. leaves the European Union, and imposes ...

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HSBC, RBS Saudi ventures in talks to form $78bn lender

  Bloomberg HSBC Holdings Plc and Royal Bank of Scotland Group Plc’s Saudi Arabia ventures are exploring a potential merger to create the kingdom’s third-largest lender with $78 billion in assets. Alawwal Bank, which is 40 percent owned by RBS, plans to start initial talks with HSBC’s Saudi British Bank, according to a statement on Saudi stock exchange website. Both ...

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StanChat climbs as overhaul shows signs of sticking

  Bloomberg Standard Chartered Plc’s return to its roots as a trade bank is bearing fruit. The bank’s shares jumped as much as 5 percent as first-quarter profit topped estimates, fuelled by the biggest increase in transaction banking revenue in more than three years. The lender said it would consider reinstating its dividend next quarter. Chief Executive Officer Bill Winters ...

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