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MSPs slate RBS over plans to close 154 branches

The bank has earmarked 154 branches for the axe, with just over 100 already closed down.

Invalda LT signs Finasta group share purchase agreement

Invalda LT, one of the leading companies in Lithuania investing in other businesses and managing assets, together with partners has signed the Finasta group Share Purchase Agreement, informs LETA/ELTA.

Erste takes direct control of central, east European bank stakes

Erste said the move would not have an impact on governance or its financial results.

Prelios, Fortress to buy UniCredit bad debt unit, run it as partners

UniCredit, Italy's biggest bank by assets, put debt collector unit UCCMB up for sale at the beginning of the year, with the aim of strengthening its balance sheet and freeing up funds for new lending.

Tesco eyes £1bn from bank sale

Troubled supermarket giant considers float of Tesco Bank as it seeks to raise much-needed capital

NAB set to sell off Yorkshire Bank

National Australia Bank is preparing to sell Yorkshire and Clydesdale banks

Lloyds cuts 9,000 jobs and shuts 200 branches as profits leap

Taxpayer-backed bank unveils details of £1bn cost-saving plan that will see staff replaced by digital technology as PPI costs continue to mount

Paschi Hires UBS, Citigroup to Explore All Strategic Options

Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, said it hired UBS AG and Citigroup Inc. to explore all strategic options as it considers how to replenish a capital gap that emerges from the European Central Bank’s review.

Short of capital, world’s oldest bank for sale?

The world’s oldest bank, twice bailed out in the past five years, must replenish €2.1 billion (RM8.74b) within nine months to meet European Central Bank requirements for capital buffers.

RBS to outline commitment to Irish arm Ulster Bank

Taxpayer-owned bank's operations in Ireland have improved significantly and could count towards RBS's best quarterly profits for years

Estonian banks earned 80 mln euros in profit in Q3

The Bank of Estonia stated that banks operating in Estonia earned a total of 80 million euros in net profits in the third quarter of 2014, writes Äripäev.ee/LETA.

ABN Amro Launching Cheap EU Business Loans

Small and medium businesses that apply for a loan at ABN Amro in the coming months, will receive the so-called “ECB discount”

Standalone TSB picks up customers

The bank, which was spun off as a separate business by Lloyds Banking Group in June, said nearly one in 10 new bank account customers in the UK were choosing TSB.

SBI to carry on operations in UK despite crackdown on foreign banks

State Bank of India is determined to carry on retail banking operations in the UK despite a recent crackdown by the Bank of England on the operations of foreign-owned banks in the country.

New UK bank rules help 22% rise in account switching

More than 1.2 million Britons switched bank accounts in the first year of new rules making it easier to change banks, a 22% increase on the previous year and marking some progress in the government's drive to boost competition.

Banco Espírito Santo’s Obscure Practices Raise Further Questions

Regulators probing Banco Espírito Santo SA, the large Portuguese bank whose collapse rattled global markets this summer, have focused in public on relatively recent problems that doomed the lender and its affiliated companies.

UniCredit turning to private equity to enable loan detox regime

The trickle of toxic debt being sold by Italian banks is turning into a torrent as UniCredit prepares to announce the disposal of more than €5bn in bad loans to private equity investors.

Gibraltar International Bank to open March 2015

The delayed closure will give customers sufficient time to make alternative banking arrangements in Gibraltar

Bestinvest founder returns with new ethical investment platform

John Spiers has bought out part of Truestone and its £500m client roster to start the venture

Delta Lloyd Drops Plan to Sell Belgian Bank as Talks Failed

Dutch insurer Delta Lloyd NV fell the most in more than a year after it abandoned plans to sell its Belgian bank.

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