Antwerp didn’t generate “the expected amount of business, particularly from the diamond sector,” UBI said.

The new bank, which, upon change of control, is intended to be renamed British Commonwealth Trade Bank (BCTB) to address gaps for trade in ...

Bankers are reviewing all diamond and jeweler-related accounts and in some cases are seeking more collateral and extra documentation.

The company's shares soared nearly 300 percent last year and it said in February it would resume paying dividends and slow down its asset s...

Almost 80 per cent of the world's gem diamonds are cut and polished by a group of about 100 players in India, who sell mostly for cash.

Besides rough diamond stock, lenders ask for fixed assets, cash margin and claim on receivables for extending credit facilities.

A flawless pigeon’s blood-red ruby or lustrous emerald is rarer than a large diamond of equal carat and quality.

Barclays has found itself facing perhaps the worst crisis after its top execs - Diamond & Jerry del Missier quit, both victim to an interes...

Barclays Plc's President Robert Diamond said on Tuesday that Lehman creditors fared better under his bank's purchase of Lehman Brothers cor...

Lloyds Banking Group said that chief executive Eric Daniels has turned down his 2.3 million pound bonus for 2009, becoming the fourth top U...

Barclays said its Global Retail and Commercial Banking (GRCB) Chief Executive Frits Seegers, will leave the company with immediate effect a...

They're out of jobs after the world’s biggest financial institutions disclosed more than $1 trillion of writedowns and credit-market losses...

Barclays president Bob Diamond is overseeing the integration of Lehman into his own investment banking and trading groups. The journey of L...

Offers have been made to all employees of Lehman Brothers businesses that have been acquired by Barclays. US mortgage crisis | Anatomy of a...

Barclays PLC said Wednesday it may pick up some of Lehman Brothers' assets and employees in Europe and Asia, on top of the British bank's d...

British bank Barclays is near to a deal to buy Lehman Brothers' core US broker-dealer business, including equity, fixed income, M&A advisor...