12/21/2016
Monte dei Paschi's new debt swap offer raises 500 million euros: source
Italy's third biggest bank reopened the debt swap
Retail Banking
12/21/2016
Banco Espirito Santo retail customers to get 60 pct of money back
The government's plan should remove one of the litigation risks that has complicated efforts to sell Novo Banco.
12/21/2016
Italy approves a €20bn bailout plan for its banks
If the bank cannot arrange a successful private sector bailout, the Italian government will probably step in
12/20/2016
Lloyds Buys Credit Card Business For GBP1.9 Billion
The acquisition of MBNA will increase Lloyds group revenue by GBP650.0 million per year
12/19/2016
RZB and RBI have passed a resolution on merger exchange ratio
The fairness of the exchange ratio was additionally audited by an independent court appointed merger auditor in accordance with Austrian merger law and reviewed by the Supervisory Boards of RZB and RBI.
12/19/2016
Ukraine nationalises country's largest bank
The bank has also been the subject of local media reports suggesting it issued loans to select insiders that may never be repaid.
12/19/2016
Banks may be able to sue EU if denied transitional deal
There is no indication yet that banks are considering using the law to challenge the EU.
12/14/2016
Italian banking crisis: UniCredit to raise €13bn
Bank, which has lost half its value this year, will launch Italy’s largest share issue and use the cash to remove bad debts
12/13/2016
Italy ready to bail out Monte dei Paschi if needed: Treasury source
However, its chances of success are slim and the state is likely to have to step in to make up for the shortfall, bankers say.
12/13/2016
Taxpayer stake in Lloyds Bank falls below 7% after more shares sold
In a statement today, Lloyds said the government has reduced its stake in the bank by about 1 percentage point to 6.93%, or to about 4.9 bln shares, down from 5.7 bln previously.
12/12/2016
Santander announces new investment in Mexico's banking market
Speaking at a year-end press event on Thursday, Grisi said the plan was Santander’s biggest-ever in Mexico
12/12/2016
Worlds oldest bank reels from ECB deadline reports
The board is believed to have ruled that two extra weeks would be of little use in turning around the historic bank.
12/12/2016
The HSBC branch closure hitlist...
The boastful advertising has disappeared – and so has its commitment to local communities.
12/12/2016
Barclays agrees to sell French retail business
All employees of the French retail, and wealth and investment management business will become part of AnaCap's portfolio of companies following completion.
12/08/2016
Raiffeisen, Alior end talks for sale of Raiffeisen Polish unit
As a result of the measures already implemented, the CET1 ratio (fully loaded) for RBI amounted to 12.3 per cent as at 30 September 2016
12/07/2016
Chinese investors seek permission to acquire indirect holding in Croatia's Vaba Banka
Via this transaction, the Chinese firms have become indirect shareholders in Vaba Banka.
12/07/2016
Private & Commercial Finance Receives UK Banking Licence Approvals
Private & Commercial said it is already advanced with those actions and expects to take its first deposits in the summer of 2017.
12/06/2016
BNP Paribas Is Immune To Italian Banks' Woes
Several analysts suggested the referendum could spark a sell-off in BNP Paribas given that the bank has a meaningful presence in Italy.
12/02/2016
Slovenia's NKBM Group 9-mo net profit soars as impairment losses shrink
The bank's NPL ratio went down to 14.3% at the end of September from 15.85% in December 2015.
12/02/2016
Reinvigorated Mediobanca targets European expansion
Italy’s Mediobanca is adapting its approach and preparing for European expansion, following a hiring spree in its corporate finance division, writes&