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Latvia banking crisis: Riga points fingers at Russia

Bloomberg The banking crisis engulfing the tiny nation of Latvia has turned into a potential diplomatic incident, as Riga points the finger at Moscow. “There is a high probability that an externally organised widespread information operation is being carried out that, by its structure and execution, is identical to those observed in pre-election periods in the US, France and Germany,” ...

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Lloyds to invest $4.2bn in technology

Bloomberg Lloyds Banking Group Plc is seeking to catch up with peers and will invest more than 3 billion pounds ($4.2 billion) in technology as part of a new three-year strategic plan. It will also buy back up to 1 billion pounds of its own shares. Chief Executive Officer Antonio Horta-Osorio called the investment in technology a “massive undertaking,” at ...

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HSBC’s new chief open to asset management deals

Bloomberg HSBC Holdings Plc’s new Chief Executive Officer John Flint says he’s exploring all options for the lender’s asset management unit, including a merger, to create a larger player that can compete better as the industry consolidates. “We continue to do a lot of work around asset management, to explore all the options, but it’s too early to give any ...

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