02/25/2014

EU approves rescue plan for Cypriot cooperative banks

"This decentralised structure and closeness with borrowers led to careless lending, with no serious verification of the ability of the borrowers to repay their loans, and to a culture of non-repayment," the commission wrote.

02/19/2014

Crédit Agricole Returns to Profit

The fourth quarter includes a 132 million euros of net loss on discontinued or held-for-sale operations related to the planned sale of the Bulgarian subsidiary and CACF's Nordic entities, according to the company.

02/07/2014

Investec looks to offload Kensington

Investec is looking at a potential sale of its UK intermediary mortgage arm Kensington Mortgages after receiving “certain expressions of interest” in the business.