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Asian banks ready to acquire European banks' assets

Asian banks stand ready to pounce on assets of European banks if they are up for sale.

Lloyds kicks off agency talks ahead of bank launch

Lloyds is under pressure to sell or float the branches as a new independent bank

BNP Paribas’s Villeroy Says Italian Unit BNL is ‘Solid’

BNP Paribas, together with French rivals Societe Generale SA (GLE) and Credit Agricole SA, was among 15 global banks downgraded by Moody’s Friday.

Greek bank scoops international loyalty award

The top names in the loyalty business from right across Europe and the Middle East met in London to celebrate excellence, achievement and innovation.

US politicians attack 'London loophole' as JP Morgan boss explains $2bn loss

Giving evidence to US lawmakers yesterday[Tuesday], Mr Dimon said JP Morgan’s CIO [Chief Investment Office] operation “could have been in London or somewhere else” as he defended the bank’s British operations.

Moody’s cuts ratings on 11 European banks

Moody's Investors Service said yesterday it had taken action against five Dutch banking groups, three French banks and one each from Belgium and Luxembourg.

Government to split retail and investment banking

A white paper released by the government has laid out proposals to separate the retail from investment banking by ring-fencing and by increasing competition in the sector.

UBS knocks James Capel off its perch

The 2012 Thomson Reuters Extel Survey continues to capture deeper, more analytical data from all the key market practitioners than ever before. Voting was conducted primarily online and ran from 19 March to 4 May 2012.

Credit Agricole, SocGen's Greek units get central bank support-sources

Another source said Geniki was also granted access to the liquidity funds.

Prescient buy AIB asset management subsidiary

Prescient Investment Managers (Ireland) Ltd employs 80 people managing funds for a wide variety of clients, including pension, corporate, charity and private clients both in Ireland and overseas.

JPMorgan media banker moves to private equity role

Hampson is taking over from Karen Simon, who decided to move back to the United States as vice-chairwoman of investment banking, global oil and gas, an area that she had previously covered earlier in her career with the bank.

British banks among the most unprofitable in the world

Britain’s banks were only underperformed by Italian lenders, producing an average return on shareholders’ equity last year of less than 4pc, compared with 26pc in Indonesia, the world’s most profitable banking market.

RPT/Kuwait's Global to get bond repayment delay approval - sources

If agreed, it would be the second time holders of the 45 million dinars paper have agreed an extension, having initially pushed out repayment to June from April.

Austria Hires Morgan Stanley to Sell Kommunalkredit

The nationalization prevented a collapse of Kommunalkredit, which was owned by Oesterreichische Volksbanken AG (VBPS) and Dexia SA (DEXB) and faced a liquidity squeeze as it was wholesale funded.

UK banks face jump in funding costs as Moody's prepares downgrades

The cuts will potentially cost banks billions of pounds in additional funding costs as well as forcing them to hand over billions more in collateral to trading counter-parties.

Egan-Jones Downgrades U.K. Amid Banking Fears

Egan-Jones, a relatively small credit rater, cut the U.K. to “AA-" from “AA” and left a “negative” outlook on the country.

SMFG acquires aircraft-leasing arm of British bank

The aircraft leasing industry expects the demand for commercial aircraft to continue to grow steadily, underpinned by the increasing volume of air travellers on the back of the growth of emerging markets, especially in Asia

Europe and Asia Home to Weakest Global Banks

The world's weakest banks are concentrated in Europe and Asia, while the strongest financial institutions are based in Latin America, the Middle East and North America,

More European banks withdrawing capital from Asia

The eurozone debt crisis that has caused the rush from Asia is now engulfing Spain. Spain now sits at the top of a critical list of 12 economies ordered to carry out major reforms this year.

Deutsche Bank presents new co-CEO model at AGM

Deutsche Bank presents its new leadership duo to shareholders at the annual general meeting in Frankfurt on Thursday amid calls by industry chiefs to keep the country's flagship lender committed to Germany and the 'real economy.'

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