02/03/2014
Intesa Sanpaolo is working on plans to set up an internal bad bank to house a chunk of its 55 billion euros of gross non-performing loans ahead of stress tests by the European Central Bank
01/30/2014
The income of Nordea Estonia, part of a leading European financial group, grew by 8% in 12 months; the profits increased by 15%, the company announced on Wednesday, cites LETA.
01/30/2014
Banco Santander SA, Spain’s biggest bank, said fourth-quarter profit more than doubled as it made fewer provisions for bad loans and income increased in the U.K.
01/30/2014
Austria's Raiffeisen Bank International AG (RBI.VI) decided earlier in January against selling its unprofitable Hungarian unit Raiffeisen Bank Zrt after local media reported that the government had been in talks with RBI about buying its local arm
01/29/2014
Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary redundancy
01/28/2014
The fourth quarter is shaping up to be a bad period for banks – last week Deutsche Bank had to publish its figures early, surprising markets with made a loss of €1.2bn (£990m).
01/22/2014
Credit Agricole said on Wednesday it had agreed to sell its Bulgarian division to Bulgarian bank Corporate Commercial Bank AD 6C9.BB for an undisclosed sum.
01/21/2014
Barclaycard is overhauling the terms and conditions documents it sends to customers in a bid to make people “want” to read them, one of several changes in the pipeline aimed at improving transparency at the Barclays owned payment services bran
01/20/2014
New British lender Metro Bank has raised 387.5 million pounds to fund its expansion plans by selling stock to institutional and private investors,
01/16/2014
Standard Life has shocked the Sipp market by removing a facility that allowed investors to borrow up to 50 per cent of their fund to buy commercial property in response to “challenging” market conditions.
01/14/2014
Peripheral banks, which were greeted by frenzied investor demand last week, are struggling to breach the €1bn demand mark for their latest deals as buyers buckle under the weight of recent supply.
01/13/2014
Germany's commercial banks urged regulators on Friday to quickly clarify whether they can issue billions of euros in bonds to fulfil new capital requirements aimed at limiting the damage from future financial crises.
01/10/2014
ROYAL Bank of Scotland is preparing to cut thousands more jobs as it looks to reduce an estimated £1 billion of costs after suffering crippling losses.
01/09/2014
A former permanent secretary to the Treasury and current chairman of Channel 4, Lord Burns has enjoyed a string of high profile roles since quitting the public sector including a stint as chairman of Marks & Spencer.
01/07/2014
The deal was required after it emerged the bank faced a £1.5bn black hole. In addition to the bank's financial problems, it was hit by scandal when Mr Flowers was arrested for alleged drugs offences.
01/06/2014
Foreign banks which have units in Hungary include Austria's Raiffeisen and Erste, Italian lender Intesa Sanpaolo and Unicredit, Belgium's KBC , German bank Bayern LB, Citi and the banking arm of General Electric.
01/06/2014
HSBC has lost more customers since the introduction of the UK’s account switching service than any other major retail bank
01/04/2014
The head of an Austrian task force handling ailing Hypo Alpe Adria wants the government to decide in the first quarter on what kind of "bad bank" could absorb toxic assets from the nationalised lender.
12/31/2013
Bank chief executive awarded the shares as part of previously agreed recruitment package
12/28/2013
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