08/28/2013
Co-op Bank Losses Reach £709m As It confirms 'Bail In' Plans
The Co-operative Bank has reported losses of £709m for the first half of the year as it presses ahead with controversial plans to plug its £1.5bn capital shortfall.
Retail Banking
08/28/2013
Germany unwilling to sell Commerzbank stake cheap to Santander
The German government became Commerzbank’s largest shareholder when a 2009 bailout gave Berlin a 17% stake for about EUR18.2bn.
08/24/2013
Handelsbanken is Championing an Old Way of Doing New UK Business
Svenska Handelsbanken is not just a bank. To its admirers it is an entirely different way of doing business.
08/21/2013
Grey loses HSBC's UK retail business to JWT
The bank called a global review of its creative and media accounts, which were held by JWT and Mindshare respectively, in October last year.
08/21/2013
Raiffeisen Bank Int'l plans "painful" cost cuts-CEO
Against the backdrop of a still challenging environment, we are not dissatisfied with our results
08/21/2013
HSBC to expand business with German midsize firms
Parent company HSBC is willing to inject capital to help build the business, although a capital increase for the German unit HSBC Trinkaus is not necessary for now, Schmitz said.
08/21/2013
Rabobank Profit Drops as Bank Takes Charge for Libor Settlement
Rabobank expects that certain regulators and authorities will conclude their investigations this year
08/20/2013
Canara Bank to open branches in Johannesburg, Frankfurt by March 2014
Bangalore-based public sector lender Canara Bank plans to expand its overseas branch network during the current fiscal
08/19/2013
HSBC announces five further bank closures
The bank has closed more than 200 branches in the UK over the last three years
08/19/2013
W&G Investments to Offer $2.4 Billion for RBS Branches
W&G Investments Plc, the investment vehicle led by former Tesco Plc Finance Director Andrew Higginson, plans to make a formal bid today of as much as 1.5 billion pounds ($2.4 billion) for 316 Royal Bank of Scotland Group Plc branches.
08/13/2013
Lloyds prepares Australian sale
The lender is reported to have received bids for the units that value them together at more than A$1bn
08/11/2013
Asian Investors Keen on Icelandic Bank
The estimated price is ISK 115 billion
08/11/2013
Banks cut 5,500 branches across Europe in 2012
Consumer take-up of online and telephone banking services has accelerated the trend.
08/09/2013
RBS bank bidder reveals deal CEO
Former deputy chief executive of Lloyds TSB is named in bid documents handed to the state-backed bank this week.
08/07/2013
KBC Group Reports Q2 Profit
KBC ended the second quarter of 2013 with a net profit of 517 million euros
08/07/2013
RBS branch decision put back as bidders get more time - sources
State-backed Royal Bank of Scotland is unlikely to decide how it plans to sell more than 300 UK branches
08/06/2013
Commerzbank Quarterly Profit Falls 84%
Commerzbank, which increased capital for the fifth time in four years in May to repay the state aid from 2009, is grappling with souring loans in shipping and commercial real estate.
08/05/2013
Northern Rock owner repays £1.9bn to taxpayers
The main driver for this was lower arrears and, as such, a reduced loan impairment charge.
08/05/2013
Unicredit reports profit plunge
Italy's top bank, UniCredit, reported on Tuesday a net profit of 810 million euros in the first six months of 2013, down 25.2 percent from the outcome for the same period last year.
08/04/2013
Hedge funds threaten Co-op Bank rescue
Bondholders are key to the Co-op's rescue