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UK watchdog details bank capital shortfalls

LONDON (Reuters) - Lloyds Bank has a capital shortfall of 8,6 billion pounds, Britain's banking regulator said on Thursday, a day after the UK government signaled plans to return the part-state owned lender to the private sector.

Kuwait Finance House says 20 percent capital increase oversubscribed

DUBAI (Reuters) - Kuwait Finance House (KFH), the Gulf Arab state's largest Islamic bank, said on Thursday its 20 percent capital increase had been oversubscribed by shareholders, without providing specific details.

SNB lauds UBS, Credit Suisse capital steps, warns on leverage

ZURICH (Reuters) - The Swiss National Bank welcomed measures by Credit Suisse and UBS to bolster their capital levels, but said leverage ratios still lag international rivals.

Intrepid Mines board survives coup over lost Indonesia mine

MELBOURNE (Reuters) - Shareholders of Intrepid Mines backed their board and its attempt to reclaim rights to a $5 billion copper and gold project in Indonesia, defeating a plan by a private equity investor to oust the board on Thursday.

Sony CEO asks for patience as shareholders press on spinoff plan

TOKYO (Reuters) - Sony Corp shareholders pressed its chief executive for a response to hedge fund Third Point's proposal for a partial spinoff of its profitable entertainment arm but Kazuo Hirai pleaded for patience as management reviews the bold plan.

Japan's Nomura cuts Australian jobs as banks trim costs

SYDNEY (Reuters) - Japan's biggest brokerage firm Nomura Holdings Inc flagged redundancies in its Australian equities team, in an internal memo seen by Reuters.

New bookkeeping rule to priprizese open insurers' 'black box' accounts

LONDON (Reuters) - An international bookkeeping regime being unveiled on Thursday will iron out national variants in insurers' "black box" balance sheets although the transition will take several years and the United States will keep its own, very different rules.

NY State to privatize Long Island utility, freeze rates: Governor Cuomo

NEW YORK (Reuters) - New York lawmakers announced a deal on Wednesday to privatize utility operations on Long Island and revamp the Long Island Power Authority, a state-owned New York utility company that was criticized for its response during last year's Superstorm Sandy.

Ally deal draws limited objections from ResCap creditors

(Reuters) - Ally Financial Inc's proposed $2,1 billion agreement reached last month with creditors of its bankrupt Residential Capital LLC subsidiary cleared a key court deadline with only one vigorous objection, though several warning shots were fired.

US Airways chief warns lawmakers of potential service cuts

WASHINGTON (Reuters) - Forcing a combined American Airlines and US Airways Group to surrender slots at Reagan National Airport would risk fewer flights to small and medium-sized cities, US Airways CEO Doug Parker told lawmakers on Wednesday.