07/23/2012

More UK banks to review sale of hedging products

Allied Irish Bank, Bank of Ireland, Clydesdale and Yorkshire banks, the Co-operative Bank , Northern Bank and Santander UK have now also agreed to participate in the FSA's review.

07/23/2012

Oppenheimer Reaches Deal With RBS Citizens on Mid-Market Clients

“We focused on the two areas of financial advisory and equity capital markets because those were areas that we saw as imminent needs of our customers,” Matthews said in a phone interview. “It was a nice dovetailing of interests and capab

07/18/2012

Italy banks need to shed bad debt -IMF

The IMF said on Wednesday in a report on the euro area that banks in the bloc's third-largest economy should improve capital and liquidity by raising equity or selling non-core assets - not an easy task while investors shun Italian assets.

07/17/2012

UniCredit Private Banking rethinks selection

Since the onset of the financial crisis in 2008, the fund selection process has become more rigorous, as bankers and clients ask for more details on selected investment vehicles as well as quick answers when things don’t go as expected, according to

07/17/2012

Goldman Sachs profits fall 11%

Wall Street bank's net profit for the three months to June was $962m (£612m), compared with over $1bn in the second quarter of 2011

07/15/2012

Citi CEO rejects UK bank reform: report

In June Britain told banks to separate their domestic retail operations and gave savers a higher priority in the event lenders hit trouble under reforms aimed at safeguarding taxpayers.

07/15/2012

EBA chief plots path to banking union

The regulator and its 70 staff, currently acts as an umbrella oversight body co-ordinating national watchdogs across the whole of the EU, not just the eurozone.

07/15/2012

US banks reducing exposure to Europe

Banks’ risks tied to those countries, as well as Italy, Ireland and Portugal, declined to $181 billion (Dh665 billion) in country-risk claims, according to a Hamilton Place Strategies LLC study to be released on Monday.

07/15/2012

Is it time to ring-fence investment banks from themselves?

This, the cacophony argues, should either take the form of a full Glass-Steagall-style separation or the ring-fencing of the banks’ retail and small business banking arms to protect them from their nastier and larger investment banking cousins.

07/15/2012

Barclays reassures staff that Bob Diamond's 'baby' is safe

"This is inevitable in a situation such as this – but it is simply speculation. In the face of that, it is important that you hear from us, on behalf of the Board, an unequivocal statement: our strategy and business model were right for Barclay

07/12/2012

FN100 methodology: Investment banking

In previous years, the investment banking category has included the heads of the corporate and investment banking arms of European banks, mainly because their group chief executives were included under the ‘chief executives’ category.

07/12/2012

Britain and banking: Back to the 1830s

In Britain during the early 19th century, paper money was not as we know it today – all reassuringly bearing the head of the Queen and the stamp of the Bank of England.

07/11/2012

Jefferies eyes Asia as European revenues slip

The US bank said in a filing on Monday that revenues in Europe for the six months to May 31 were $202.8m, down 15% on the $235m it made during the same time last year.