02/25/2014
"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.
02/25/2014
On Thursday Gibraltar awaits whether it will be included in the RBS Strategic Review
02/24/2014
The owner of the Yorkshire and Clydesdale banks is expected to bump up its provisions for mis-sold financial products after a surge in complaints at the end of last year.
02/24/2014
HSBC's boss said Europe's biggest bank had no plans to spin off and separately list its UK retail banking arm to meet new regulatory requirements.
02/19/2014
The Bulgarian National Bank issued a permission for the merger of First Investment Bank and Unionbank.
02/19/2014
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.
02/13/2014
Co-op Bank campaigner highlights concerns over Britannia 'rescue' evidence
Mark Taber highlighted the different versions of events in a letter to Martin Wheatley, chief executive of the Financial Conduct Authority
02/13/2014
Return to profit by Lloyds may prompt second share sale
Lloyds Bank has said it returned to profit in 2013.
02/11/2014
Citibank, which started shipping and corporate lending operations in Greece in 1964 and expanded into retail banking in the 1980s, runs a network of 21 branches across the country.
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.
02/07/2014
Thousands of customers of Danske Bank are reminded they have just three days to withdraw their money here.
02/06/2014
Disenchanted bank customers are switching to Swedish bank Handelsbanken in their droves in support of the bank’s refusal to pay out bonuses to staff.
02/06/2014
The European Parliament approved Wednesday the nomination of Germany's Sabine Lautenschlaeger as deputy to Frenchwoman Daniele Nouy in supervising the eurozone's banking system.
02/06/2014
Italian asset manager Banca Generali said on Wednesday its total net inflows in January amounted to 226 million euros, up 60 percent on the average of the last six months.
02/06/2014
Since the beginning of 2013, the bank has halved the volume of non-performing loans in its Spanish commercial real estate portfolio from about 2 billion to roughly 1 billion.
02/03/2014
The Italian banking sector has struggled under the weight of increasing bad loans during a two-year recession and four of its lenders plan capital hikes this year.
02/03/2014
Lloyds Bank says it has set an extra £1.8bn aside for payouts to victims of PPI mis-selling, bringing total provisions to £9.83bn
02/03/2014
That means that Intesa and UniCredit, currently the central bank’s largest shareholders with stakes of 42 percent and 22 percent respectively, will have to sell the bulk of their stakes on the market or to the central bank — which can buy them
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.