(Corrects Bank of Cyprus item to say some of the customers, not
thousands, are selling their stakes in the bank at a discount)
July 14 The following are the top stories in the
Financial Times. Reuters has not verified these stories and does
not vouch for their accuracy.
JUNIOR TRADERS OFFERED IMMUNITY IN FOREX PROBE
BOEING RESHAPES MILITARY STRATEGY IN THE FACE OF U.S.
NORTH DAKOTA OIL GROUPS STRIKE $6 BLN DEAL
BOE PUSHING TO EASE BASEL CAPITAL REQUIREMENTS ON SMALL
BANK OF CYPRUS CUSTOMERS CUT THEIR LOSSES
Prosecutors from the U.S. Department of Justice are offering
immunity deals to junior traders in London as they continue to
investigate the alleged rigging of foreign exchange rates by
banks and senior traders, according to sources.
Boeing said it was unlikely to increase revenue at
its defence business before the end of the decade due to
spending cuts by western governments, but vowed to compete
aggressively for new U.S. military contracts that could provide
growth after 2020.
North Dakota-based Whiting Petroleum said it would
buy Kodiak Oil and Gas in an all-stock deal worth about
$6 billion including debt.
The Bank of England has been lobbying for the easing of
global capital requirements for small banks, concerned that the
rules could make it harder for them to compete with larger
rivals when offering mortgages and small business loans.
Some of the Bank of Cyprus customers whose deposits
were seized as part of an extraordinary move to rescue the
island from financial collapse are selling stakes in the bank at
(Compiled by Richa Naidu; Editing by Sandra Maler)