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The case concerns a former senior IT manager who raised concerns about how a data loss had been handled. A hearing for Barclays' appeal to the Bombay High Court is listed for Oct. 20, court records show. They declined to comment on the specifics of the Indian case. Gupta has also appealed to the Bombay High Court, court records show, arguing the pay-out awarded was too low, the source familiar with the appeals said. Last year, Gupta also filed a secondary civil case against Barclays, another court filing shows.

Persons: Atul Gupta, Jes Staley, Francesca West, Gupta, Arpan Chaturvedi, Sinead Cruise, Alexander Smith Organizations: Barclays, Reuters, Financial, Authority, FCA, Global Service Centre Private Limited, Bombay High Court, Thomson Locations: Indian, Pune, Bombay

"The guys tried to implement the plan and we created opportunities, but we did not take them. England are an experienced side and over time they wore us down," Japan coach Jamie Joseph said. While England looked lost at times in the first half Japan were unable to capitalise, with their kicking game wayward and a litany of unforced errors including dropped balls and skewed lineout throws. As much as they were sloppy Japan could also rue some bad luck on Sunday, after conceding a slapstick try in which the ball bounced off England prop Joe Marler's head. "That is a first for me, we did not get any luck today, did we," Joseph said.

Persons: Jamie Joseph, I'm, Joseph, Joe Marler's, Nick Said, Lawrence White, Toby Davis Organizations: England, Samoa, Pacific Islanders, Thomson Locations: France, Japan, Nice, England, Argentina

☆ All Blacks rout Namibia 71-3 in Toulouse deluge
▼ + stars: | 2023-09-15 | by ( Lawrence White | ) www.reuters.com time to read: +4 min

The All Blacks' discipline continues to be an issue even in games like this one where they are in complete control. They conceded 11 penalties to Namibia's seven, as well as seeing de Groot given a red card for a high shot. Namibia left slightly worse off than the 71-9 margin when these sides met in the last World Cup. The crowd were on their feet to applaud Malan as he raised a fist from his stretcher on the way off, defiant amid disaster. Reporting by Lawrence White and Nick Mulvenney, editing by Pritha SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Stephane Mahe, de Groot, McKenzie, Namibia's Malan, Cam Roigard, Flyhalf Damian McKenzie, Ethan de Groot, I'm, Allister Coetzee, Winger Caleb Clark, Samisoni Taukei'aho, Ofa Tuungafasi, Beauden Barrett, Swanepoel, bayed, Namibia Le Roux Malan, Coetzee, Malan, Lawrence White, Nick Mulvenney, Pritha Sarkar Organizations: Rugby Union, Rugby, de Toulouse, Blacks, Leicester Fainga'anuku, New, Italy, Uruguay, Thomson Locations: Zealand, Namibia, Toulouse, France, TOULOUSE, New Zealand

☆ Underdogs Chile make four changes for Samoa game
▼ + stars: | 2023-09-14 | by ( Lawrence White | ) www.reuters.com time to read: +1 min

TOULOUSE, France, Sept 14 (Reuters) - Chile coach Pablo Lemoine resisted the urge to make too many adjustments to the team for their Pool D Rugby World Cup match against Samoa on Saturday with four changes as they bid to bounce back from an opening defeat by Japan. Los Condores bring in Tomas Dussaillant at hooker, try a new second row pairing of Santiago Pedrero and Pablo Huete and give a start to Jose Ignacio Larenas on the left wing. The lowest ranked team at this World Cup and making their debut in the tournament, Chile notched two tries in the 42-12 loss to Japan but also suffered a pair of yellow cards and now look to the Samoa game as their best remaining chance of a win. Among the players to watch in the Chile side are full back Inaki Ayarza, a deft runner who sparked their opening score against Japan, and flyhalf Rodrigo Fernandez who finished it. The accomplished Fernandez has already caught the eye with his all-round game and will have to be at his best for Chile to beat Samoa for an unlikely first-ever win in a World Cup game.

Persons: Pablo Lemoine, Condores, Tomas Dussaillant, Santiago Pedrero, Pablo Huete, Jose Ignacio Larenas, flyhalf Rodrigo Fernandez, Fernandez, Javier Carrasco, Matias Dittus, Clemente Saavedra, Raimundo Martínez, Marcelo Torrealba, Rodrigo Fernandez, Matias Garafulic, Domingo Saavedra, Diego Escobar, Diego Escobar 17 Salvador Lues, Esteban Inostroza, Javier Eissmann, Alfonso Escobar, Ignacio Silva, Benjamin Videla, Pablo Casas, Lawrence White, Ken Ferris Organizations: Pool D, Samoa, Japan, Santiago Pedrero, Santiago Videla, Thomson Locations: TOULOUSE, France, Chile, Japan, Samoa, Diego Escobar 17

☆ Samoa name former Australia star Leali'ifano to start against Chile
▼ + stars: | 2023-09-14 | by ( Lawrence White | ) www.reuters.com time to read: +2 min

Summary Rules change means former Wallabies flyhalf eligibleSamoa target Chile clash as most winnable Pool D gameFormer All Blacks Luatua and Sopoaga also featureTOULOUSE, France, Sept 14 (Reuters) - Samoa have selected 35-year-old Christian Leali'ifano, who scored the most points for Australia at the 2019 World Cup, as flyhalf in their opening Pool D clash against Chile in Bordeaux on Saturday. Samoa are taking advantage of a relaxation in World Rugby's eligibility rules, which means players who stand down for three years from appearing for one country can then play for another for which they qualify. That means they can also field former All Blacks Steven Luatua, who starts at number eight, and the versatile Lima Sopoaga as a replacement back. Former Highlanders and Wasps player Sopoaga can play at flyhalf or fullback and, while New Zealand-born, qualifies for Samoa through his family background. Samoa will target Chile, the lowest ranked team at the tournament, as their most winnable game in a pool also containing England, Argentina and Japan as they look to progress from the pool stage for the first time since 1999.

Persons: Sopoaga, Leali'ifano, Blacks Steven Luatua, Theo McFarland, James Lay, Seilala Lam, Michael Alaalatoa, Chris Vui, Agaese Seu, Fritz Lee, Steven Luatua, Jonathan Taumateine, Nigel Ah, Danny Toala, Duncan Paia'aua, Jordan, Paul Alo, Emile, Sam Slade, Sa Jordan, Ed Fidow, Lawrence White, Ken Ferris Organizations: Wallabies, Blacks, Australia, Chile, Saturday, Samoa, Lima, Former Highlanders, Wasps, flyhalf, The Pacific Islanders, English, Saracens, Manu, Junior, Jordan Lay, Lima Sopoaga, Thomson Locations: Samoa, Chile, TOULOUSE, France, Bordeaux, New Zealand, England, Argentina, Japan, Fiji, Lima

☆ Scotland call up hooker McInally after Cherry suffers hotel tumble
▼ + stars: | 2023-09-14 | by ( Lawrence White | ) www.reuters.com time to read: +1 min

FILE PHOTO-Rugby Union - Six Nations Championship - Scotland v France - BT Murrayfield Stadium, Edinburgh, Britain - March 8, 2020 Scotland's Stuart McInally celebrates scoring their third try Action Images via Reuters/Lee Smith/File Photo Acquire Licensing RightsTOULOUSE, Sept 14 (Reuters) - Scotland have called up Edinburgh hooker Stuart McInally to replace David Cherry in their Rugby World Cup squad after Cherry suffered an accident at their hotel, the team said on Thursday. Cherry suffered a concussion after slipping on the stairs at the hotel on Monday, Scottish Rugby said, and the team took the decision to replace him in the squad for the rest of the tournament. McInally had already been on standby following a concussion suffered by Ewan Ashman last week, Scottish Rugby added. Scotland next play Tonga on Sept. 24 in Nice, looking to bounce back from their opening round defeat by South Africa. Reporting by Lawrence White; Editing by Ken FerrisOur Standards: The Thomson Reuters Trust Principles.

Persons: Scotland's Stuart McInally, Lee Smith, Stuart McInally, David Cherry, Cherry, McInally, Ewan Ashman, Lawrence White, Ken Ferris Organizations: Rugby Union, Six Nations, Scotland, France, BT, Rights, Edinburgh, Rugby World, Scottish Rugby, Thomson Locations: Edinburgh, Britain, Scotland, Tonga, Nice, South Africa

☆ Ireland thrash Romania 82-8 in sweltering Bordeaux
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +3 min

BORDEAUX, Sept 9 (Reuters) - Ireland thrashed Romania 82-8 to get their World Cup campaign started in style in Bordeaux on Saturday, running in 12 tries despite the sweltering heat as the returning Johnny Sexton pulled the strings and centre Bundee Aki ran riot. Romania briefly led against the number one-ranked team in the world, after running back a clearance kick and sending scrum half Gabriel Rupanu clean through to score in the second minute. By the time Sexton walked off to a standing ovation midway through the second half the game was long over as a contest. Aki’s power was also impressive, running perfectly into the gaps and getting his second try six minutes from time to take the Irish tally past the 70-point mark. Ireland next meet Tonga in Nantes next Saturday while Romania return to Bordeaux against South Africa on Sunday, Sept. 17.

Persons: Johnny Sexton, Bundee Aki, Gabriel Rupanu, Jamison Gibson, Hugo Keenan, Tadhg Beirne, Aki, Sexton, Rob Herring, Peter O'Mahony, Joe McCarthy, Rupanu's, Keenan, O'Mahony, Herring, McCarthy, Beirne, David Humphreys, Jack Crowley, Mark Gleeson, Lawrence White, Hugh Lawson Organizations: Ireland, Romania, World, South, Gibson, Namibia, Thomson Locations: BORDEAUX, Bordeaux, Romania, Ireland, South Africa, Scotland, Argentina, Lens, Sydney, Tonga, Nantes

A Barclays bank building is seen at Canary Wharf in London, Britain May 17, 2017. Barclays distributed a presentation on its domestic merchant acquiring unit to potential bidders - mainly specialist payments providers - over the summer, two of the people said, but plans may still be altered or dropped entirely. Our businesses continue to perform well and growing our global payments business is a priority for us." The group drafted in consultants to prepare separate financials for its domestic merchant acquiring operation in an initiative known internally as Project Hyperion, one of the people said. Barclays is also gauging interest in its German consumer finance operations, known as Barclaycard Germany.

Persons: Stefan Wermuth, Sanpaolo, Amy, Jo Crowley, Pablo Mayo, Milana, Lawrence White, Elisa Martinuzzi, Susan Fenton Organizations: Barclays, REUTERS, Barclays Plc, Reuters, Chief, CS Venkatakrishnan, Spain's Banco Sabadell, Italy's, Pablo Mayo Cerqueiro, Thomson Locations: London, Britain, Germany, New York

☆ NatWest appoints former Nationwide CFO to its UK bank board
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

A man walks past ATM machines at branch of the NatWest bank in Manchester, Britain September 21, 2017. Picture taken September 21, 2017. REUTERS/Phil Noble/File Photo Acquire Licensing RightsLONDON, Sept 1 (Reuters) - NatWest (NWG.L) has appointed Mark Rennison, a former Nationwide Building Society Chief Financial Officer, to the board of its ring-fenced retail bank, the British lender said on Friday. Rennison will serve as a non-executive independent director on the board of NatWest Holdings Limited (NWH), which contains the lender's retail, commercial and wealth banking businesses. Rennison's appointment follows Graham Beale stepping down from the NWH board on Aug. 31, as NatWest announced in April.

Persons: Phil Noble, Mark Rennison, Rennison, Graham Beale, Lawrence White, David Evans Organizations: NatWest, REUTERS, Nationwide Building Society, NatWest Holdings Limited, Thomson Locations: Manchester, Britain

The Standard Chartered bank logo is seen at their headquarters in London, Britain, July 26, 2022. The change in CFO will not likely impact Winters' departure timing greatly, Britzman said, with the StanChart CEO more focused on hitting the lender's key performance goals. De Giorgi previously held senior roles at Bank of America Merrill Lynch, including head of global investment banking. Before then, he worked in equity capital markets and financial institutions at Goldman Sachs (GS.N), rising to become chief operating officer for the investment bank by the time of his departure in 2012. That long period of underperformance has seen the bank's shares fall nearly 30% since Winters took over as CEO in June 2015.

Persons: Peter Nicholls, Diego De Giorgi, Andy Halford, De Giorgi, Halford, Matt Britzman, Hargreaves, Bill Winters, Frederic Oudea's, Winters, Britzman, We've, Bank of America Merrill Lynch, Goldman Sachs, Joe Dickerson, StanChart, underperformance, Iain Withers, Lawrence White, Radhika Anilkumar, Bernadette Baum, David Holmes Organizations: Chartered, REUTERS, Bank of America, Pegasus, British, Societe Generale, Goldman, Jefferies, Thomson Locations: London, Britain, Pegasus Europe, Asia, Africa, Bengaluru

☆ England hit rock bottom with first-ever defeat by Fiji
▼ + stars: | 2023-08-26 | by ( Lawrence White | ) www.reuters.com time to read: +3 min

LONDON, Aug 26 (Reuters) - England slumped to a 30-22 loss against Fiji at Twickenham on Saturday to record their first-ever defeat by the visitors, leaving them in utter disarray ahead of the World Cup which kicks off next month in France. But winger Selestino Ravutaumada capped a scintillating display with a swerving run to send replacement Simione Kuruvoli over for the decisive score that sealed their victory and left England looking utterly broken. This win is for all the people back home in Fiji," Ravutaumada said as Fijian supporters gathered in a corner of Twickenham sang and waved their national flags in celebration of their historic win. Fiji meanwhile can look forward to a possible World Cup quarter-final or better if they can repeat Saturday's mature performance at the tournament in France. England meanwhile have just two weeks to find some kind of cohesion before an opening fixture against the dangerous Argentina on Sept. 9.

Persons: Jonny May, Ollie Lawrence, Manu Tuilagi, Habosi, Marcus Smith, Joe Marchant, Selestino Ravutaumada, Ravutaumada, Wonderwall, George Ford, Steve Borthwick, Eddie Jones, Lawrence White, Ken Ferris Organizations: Fiji, Twickenham, Pacific Islanders, England, Saturday, Fijian Drua Super Rugby, Wales, Thomson Locations: England, France, Fiji, Argentina

☆ Liontrust faces $14 million one-off charge after GAM offer failure
▼ + stars: | 2023-08-24 | by ( ) www.reuters.com time to read: +1 min

The logo of GAM investment management company is seen at its headquarters in Zurich, Switzerland July 29, 2019. The British company said it had secured backing from shareholders representing a total of 53,250,357 GAM Shares, corresponding to 33.45% of total stock subject to its offer. "Liontrust made a full and fair offer for GAM, which reflected the financial reality of the business and would have provided a certain and sustainable solution," John Ions, Liontrust CEO said in a statement. "We are disappointed we did not win the support of the majority of GAM's shareholders and are grateful to those GAM and Liontrust shareholders who did back our offer," he said. Separately on Thursday, GAM said it had begun "constructive and productive" refinancing discussions with representatives of the investor group Newgame.

Persons: Arnd, Liontrust, John, Sinead Cruise, Lawrence White Organizations: REUTERS, Liontrust, Management, GAM, AG, Thomson Locations: Zurich, Switzerland, Swiss, British

☆ NatWest weighs clawing back bonus from former CEO Rose
▼ + stars: | 2023-08-23 | by ( ) www.reuters.com time to read: +2 min

The logo of NatWest Bank, part of the Royal Bank of Scotland group is seen outside a branch in Enfield, London Britain November 15, 2017. Rose stepped down on July 25 after admitting to a "serious error of judgment" in discussing Farage's relationship with NatWest-owned Coutts with a BBC journalist. Natwest said Rose would continue to earn a fixed salary and fixed share awards totalling 2.4 million pounds ($3.03 million), and pension contributions worth 10%, in line with her 12-month notice period and pending the outcome of the inquiry. "Like other employees where an investigation outcome is pending, Alison is currently receiving her fixed pay," a NatWest spokesperson said. The lender will pay new CEO Paul Thwaite 1.05 million pounds ($1.39 million) in fixed salary, just below the 1.16 million it paid Rose, in addition to a fixed share allowance of about 1.1 million pounds, NatWest said.

Persons: John Sibley, Alison Rose, Nigel Farage's, Rose, Coutts, Alison, Farage, Rose's, Paul Thwaite, Chandini, Lawrence White, Sinead Cruise, Sharon Singleton Organizations: NatWest Bank, Royal Bank of, Enfield , London Britain, REUTERS, NatWest, BBC, Natwest, Thomson Locations: Enfield , London, Bengaluru, London

HSBC (0005.HK) raised its near-term return on tangible equity goal to at least mid-teens for 2023 and 2024, from a previous target of at least 12% from 2023 onwards. It reported return on tangible equity of 9.9% for 2022. That reflected an environment where rising interest rates around the world are boosting lending income, while a global deal drought and volatile markets suppress revenues from investment banking and trading. The lender lifted its forecast for net interest income this year to be above $35 billion instead of $34 billion, although some analysts had looked for an upgrade nearer to $36 billion. ($1 = 7.7969 Hong Kong dollars)Reporting by Selena Li and Lawrence White; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Noel Quinn, Quinn, Selena Li, Lawrence White, Himani Sarkar Organizations: HSBC, Hong, HSBC Holdings, HK, Nationwide, Reuters, Sohar International Bank, Thomson Locations: Hong Kong, HONG KONG, London, Britain, China, Asia, Oman, Russia, New Zealand

☆ HSBC launches up to $2 bln buyback on 235% first-half profit jump
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: 1 min

HONG KONG, Aug 1 (Reuters) - HSBC Holdings (HSBA.L) reported a 235% increase in first-half profit on Tuesday, as it benefited from rising interest rates around the world and the positive effects of its planned French unit sale. Europe's largest bank with a market value of $162 billion posted a pretax profit of $21.7 billion for the first six months this year, versus $9.2 billion a year earlier. The results were better than the $20.9 billion mean average estimate of brokers compiled by HSBC. The London-headquartered bank announced the second of a new cycle of buybacks, along with the results, of up to $2 billion, which starts immediately. Reporting by Selena Li and Lawrence White; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Selena Li, Lawrence White, Edmund Klamann Organizations: HSBC Holdings, HSBC, The, Thomson Locations: HONG KONG, The London

Davies said he intended to stay on at the bank for now - after also facing calls to resign - and confirmed for the first time that political pressure forced the board's hand in Rose's exit. "The political reaction to that was such... that her position was then untenable," he told reporters. Britain's finance ministry said the decision for Rose to depart was made by her and the bank's board. "The NatWest board is responsible for the bank's strategic and operational management," a Treasury spokesperson said. ($1 = 0.7820 pounds)Reporting by Iain Withers and Lawrence White, editing by Sinead Cruise and Tomasz JanowskiOur Standards: The Thomson Reuters Trust Principles.

Persons: Davies, Nigel Farage's, Rose, Howard Davies, Alison Rose, Nigel Farage, Coutts, Peter Flavel, We've, Alison, Travers Smith, Paul Thwaite, Iain Withers, Lawrence White, Sinead Cruise, Tomasz Janowski Organizations: NatWest, Rose NatWest, BBC, Treasury, Reuters, Thomson Locations: Britain's, Rose's, Britain

"The culture wars are coming to UK businesses, including the financial sector," said Andre Spicer, dean of City University's Bayes Business School. It also cited "risk factors including... controversial public statements which were felt to conflict with the bank's purpose". However, data from watchdog the Financial Ombudsman Service showed complaints about account closures represented a tiny fraction of a bank's overall customer base. Experts say other banks will now be scrambling to ensure their own policies and committees are behaving appropriately, to avoid further scandals. The CEO of Britain's biggest domestic bank Lloyds said on Wednesday the bank's own policies did not include looking at customers' political or personal beliefs.

Persons: Nigel Farage, Coutts, Andre Spicer, Howard Davies, Alison Rose, Rose, Peter Flavel, Charles Dickens, Queen Elizabeth II, Spicer, Harriet Baldwin, Bill Winters, Samuel Gregg, Banks, Gregg, University's Spicer, Rupert Younger, ", Sinead Cruise, Iain Withers, Lawrence White, Daniel Wallis Organizations: Brexit Party, NatWest, Bayes Business School, Coutts, Treasury, Bank of England, BBC, Standard Chartered, Farage, American Institute for Economic Research, Facebook, Financial, Service, Barclays, Lloyds, Centre, Oxford University's Said Business School, Thomson Locations: America

[1/2] A man walks past ATM machines at branch of the NatWest bank in Manchester, Britain September 21, 2017. Davies said he intended to stay at the bank for now and confirmed for the first time on Friday that political pressure had played a part in Rose's exit. "The political reaction to retaining Alison as CEO was such that her position was untenable," he told reporters. NatWest reported pre-tax profit of 3.6 billion pounds ($4.6 billion) for the period, compared to 2.6 billion pounds the prior year and above the 3.3 billion pound average of analyst forecasts compiled by the bank. NatWest booked a 233 million pounds charge for potential loan defaults - compared to the release of 54 million pounds last year - and lowered its net interest margin forecast for the year to below 3.2%, with an expectation of it hitting 3.15%.

Persons: Phil Noble, Davies, Nigel Farage's, Rose, Howard Davies, Alison Rose, Nigel Farage, Coutts, Peter Flavel, Alison, We've, NatWest's, Paul Thwaite, Thwaite, Iain Withers, Lawrence White, Sinead Cruise, Tomasz Janowski Organizations: NatWest, REUTERS, Rose NatWest, BBC, Reuters, Rivals Barclays, Lloyds, Barclays, Thomson Locations: Manchester, Britain, Britain's, Rose's

The lender upgraded its guidance for income growth in 2023 to a 12%-14% range from 10% previously. StanChart's robust results showed how global market conditions are playing to the emerging markets-focused lender's strengths. London-headquartered StanChart's transaction banking income shot up by 92% to $2.86 billion, with cash management income up 166%, benefiting from a favorable interest rate environment. That contrasted with the prolonged slump in income at more deal-focused U.S. and European rivals. Reporting by Selena Li and Lawrence White; Editing by Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Bill Winters, StanChart, Goldman Sachs, Selena Li, Lawrence White, Muralikumar Organizations: Standard Chartered PLC, Jefferies, Hong, Citigroup, Deutsche Bank, Thomson Locations: HONG KONG, Asia, Hong Kong, London

LONDON, July 27 (Reuters) - Barclays (BARC.L) warned on Thursday of growing pressure on its UK business and missed forecasts for its investment bank as a global corporate dealmaking slump persists, sending its shares down despite announcing a bigger share buyback. The British bank reported first-half pretax profit of 4.6 billion pounds ($6 billion), in line with the average analyst forecast of 4.5 billion pounds, and higher than the 3.7 billion pounds in the same period a year ago. The bank set aside 896 million pounds in the six-month period for potentially soured loans, more than double the 341 million pound charge the previous year. European rivals are also struggling, with Deutsche Bank reporting on Wednesday investment bank revenues would fall this year instead of staying flat. Several investors told Reuters this month they wanted the bank to prioritise returning more capital to shareholders instead of investing it, after the lender completed a 500 million pound buyback in April.

Persons: Jefferies, Goldman Sachs, Jeremy Barnum, Lawrence White, Iain Withers, Sinead Cruise, Mark Potter Organizations: Barclays, Banking, JPMorgan, United, Citigroup, Deutsche Bank, Thomson Locations: Britain, United States

The ousting of Flavel is one of the first actions taken by NatWest's interim CEO Paul Thwaite, after the group's former CEO Alison Rose quit on Wednesday over the same matter. NatWest has faced intense scrutiny over the decision by Coutts to sever ties with Farage. An internal review obtained by the politician-turned-TV show host showed Coutts' wealth reputational risk committee had said his values did not align with the bank's own. Australian-born Flavel, who previously served as CEO of JPMorgan Private Wealth Management in Asia Pacific region, took the top job at Coutts in 2016. Mohammad Kamal Syed will step into the role of interim CEO of Coutts and NatWest's wealth businesses, Thwaite said, adding that Flavel was stepping down by "mutual consent".

Persons: Coutts, Peter Flavel, Nigel Farage's, Flavel, Paul Thwaite, Alison Rose, Rose, she'd, Farage, Howard Davies, Charles Dickens, Queen Elizabeth II, Mohammad Kamal Syed, Thwaite, Iain Withers, Sinead Cruise, Lawrence White Organizations: NatWest, BBC, Reuters, JPMorgan Private Wealth Management, Thomson Locations: Asia Pacific

LONDON, July 26 (Reuters) - Lloyds Banking Group (LLOY.L) reported a higher charge for troubled loans and missed first-half profit expectations as Britain's economic chills weighed on its finances and upped pressure on management to do more to help struggling savers. Lloyds shares fell 5% in early trading against a flat FTSE 100 index (.FTSE). Lloyds shares fell 5% in early trading on Wednesday, against a flat FTSE 100 index (.FTSE). The bank said it expected this to fall more slowly than previously forecast, dipping to 3.10% this year instead of 3.05%. ($1 = 0.7754 pounds)Reporting by Iain Withers and Lawrence White; editing by Sinead Cruise and Jason NeelyOur Standards: The Thomson Reuters Trust Principles.

Persons: Zoe Gillespie, we’ve, Fran Boait, Charlie Nunn, Nunn, Alison Rose, Nigel Farage, Coutts, Iain Withers, Lawrence White, Sinead Cruise, Jason Neely Organizations: Lloyds Banking Group, Lloyds, . Banking, JPMorgan, Bank of, RBC Brewin Dolphin, NatWest, Thomson

NatWest lifer Rose climbed up the ranks over more than three decades from graduate trainee to boardroom, becoming the first woman to run one of Britain's major banks. "You can be a hero one day, a zero the next, as Alison Rose has found out." Davies lamented the "sad moment" while Rose paid tribute to colleagues who had helped her build solid foundations for the bank, in a statement accompanying the news. RBS TO NATWESTRose succeeded Ross McEwan as CEO of NatWest in 2019, becoming the lender's first female boss. But under Rose's supervision, the bank became one of Britain's biggest participants in government-designed loan schemes to keep ailing businesses afloat.

Persons: Alison Rose, Nigel Farage, NatWest lifer Rose, Coutts, Rishi Sunak, Rupert Younger, Rose, Howard Davies, Rose's, Davies, Charlie Nunn, Farage, impinging, NATWEST Rose, Ross McEwan, McEwan, Stephen Hester, Fred Goodwin, Lawrence White, Conor Humphries Organizations: NatWest's, Brexit Party, NatWest, Oxford University's, Lloyds Banking Group, Britain's, RBS, NATWEST, Royal Bank of Scotland, Thomson Locations: Europe, Westminster, Britain

Another source inside Barclays' investment bank, talking anonymously because they are not authorised to speak to the media, said lower staff attrition at its technology and back office operations had started to worry cost-conscious managers. The BCG review could lead to layoffs, the source familiar with the review said, although no decisions have been made. Some top Barclays investors, however, told Reuters they would have misgivings about a plan to prioritise investment over capital distributions. But a recent shake-up at its investment bank has raised concern about Barclays' ability to compete amid a worldwide dealmaking slump. They are not valued properly together," said Alan Beaney, chief executive at RC Brown Investment Management, which has held Barclays shares since 2012.

Persons: C.S, shivers, Richard Marwood, Venkat, Edward Bramson, Richard Buxton, Alan Beaney, Elisa Martinuzzi, Mark Potter Organizations: Barclays, Boston Consulting, Reuters, Royal London Asset Management, Lehman Brothers, Jupiter Asset, RC Brown Investment Management, BNP, HSBC, Reuters Graphics Barclays, Jefferies, Thomson Locations: U.S, Africa

FALLING STARWhen Odey set up Odey Asset Management, it was in the afterglow of then British Prime Minister Margaret Thatcher's deregulation of the stock market in London's 1986 "Big Bang". Privately educated at the elite Harrow school, Odey left Oxford University and began his career in traditional asset management before launching Odey Asset Management. But fund performance at Odey Asset Management has been a rollercoaster, with Odey renowned for taking risks. He liked to say leverage was like a drug - once you experienced it, you could never live without it, one hedge fund manager said. Lawmakers on Britain's Treasury Select Committee have written to the FCA to question the regulator's supervision of Odey Asset Management and Odey.

Persons: Crispin Odey, Odey, Banks, Robert Sears, CIOs, Don Steinbrugge, Margaret Thatcher's, Egerton Capital, Marshall Wace, Winton, Kwasi Kwarteng, Maiya Keidan, Nell Mackenzie, Iain Withers, Lawrence White, Dhara Ranasinghe, Elisa Martinuzzi, Alex Richardson Organizations: TORONTO, Reuters, Odey Asset Management, FT, Tortoise Media, Odey, Management, Britain's Financial, Authority, Generation Partners, Odey's, HSBC, Inc, Wall Street, Agecroft Partners, British, Harrow, Oxford University, Conservative Party, Barclays, Peugeot, Hong Kong, Lawmakers, FCA, Thomson Locations: LONDON, City, London, Toronto

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