Investment Banking

04/13/2012

Deutsche Bank seeks revamp

Anshu Jain will make such a deeper collaboration one of his top priorities in the first 18 months of his tenure which will start this June, people close to the situation said.

04/13/2012

QNB Talks to Buy Dexia’s Denizbank Stall Over Price

QNB is still seeking a price close to Denizbank’s book value, which stood at about $2.5 billion at the end of last year, while Dexia is seeking more than 1.5 times book value, two of the people said, declining to be identified as the talks are priva

04/13/2012

Dutch Parliamentary Committee Proposes Overhaul Of Banking Sector

The committee said that activities such as proprietary trading, should be separated and have their own capital base. It also called for studies to examine whether banks need higher capital requirements and if they should ringfence their operations abroad

04/13/2012

JP Morgan revenues rise but legal costs trim profits‎

JP Morgan, the first Wall Street bank to report results in this closely watched earnings season, has revealed a surprise increase in revenue to $27.4bn even as legal bills and debt pinched first quarter earnings.

04/12/2012

JPMorgan's London Whale A Loch Ness Monster for Our Times

One certainly hopes bank regulators are on top of the trading positions of the Whale or, for Harry Potter fans, "Voldemort" (He Who Shall Not Be Named) or, for those with a fetish for real names of real people, Bruno Iksil.

04/12/2012

Analysis - Investors run scared of Spain's battered banks

The government has ruled out more state aid for a sector that comprises a motley mix of international lenders and heavily indebted local savings banks. That leaves two options: raising private capital or turning to the EU for bailout funds.

04/03/2012

Financier Entwistle eyeing $120 million for new UK bank

Entwistle, who spent much of his career at private bank Adam & Co and helped sell the firm to Royal Bank of Scotland (RBS.L) in 1993, said he planned to issue a prospectus this week to get more funds from potential investors.

03/30/2012

IFG profits hit £12m as group sells international arm

The preliminary results come as the group signed a £70m deal to sell to private equity firm AnaCap its international division, which comprises its trustee and corporate services in Jersey, Cyprus, Switzerland and the Isle of Man.

03/29/2012

Is the European Central Bank Still Solvent?

In addition to Deetz and Papadia, the debate panelists will include David Marsh, Co-Chairman of OMFIF; Cornelia Meyer, Chairman and CEO of MRL Corporation Francesco; and John Nugee, Vice-Chairman of the OMFIF Advisory Board and Senior Managing Director of

03/29/2012

Ulster Bank to remain part of RBS

The British government has held talks with an Abu Dhabi-based sovereign wealth fund over a sale of a portion of its 82% stake in RBS.

03/29/2012

Barclays most complained about bank

Lloyds TSB was the country's second most complained to bank, receiving a total of 422,830 complaints last year, of which 240,923 came in the second half, again as a result of rising PPI claims.

03/29/2012

French bank Natixis faces tests to winning streak

While Natixis's stock is trading far below the frothy levels of its 2006 listing, which lured big-name investors like poker-playing hedge-fund star David Einhorn, it is the only French bank to outperform European rivals since the end of 2009 when new

03/29/2012

Deutsche Bank reclaims European crown from BNP Paribas

Assets at the Frankfurt-based company rose 14% to 2.2 trillion, or $2.9 trillion, in 2011, making it the largest publicly-traded bank in Europe for the first time in five years, according to Bloomberg data.

03/29/2012

RBI Posts Pre-Tax Profit of € 1.4bn

Despite a challenging economic environment, RBI thus managed to achieve its highest annual pre-tax profit since the start of the financial crisis in 2008.

03/29/2012

BNP, SocGen make strides in shedding assets

"Our No. 1 priority remains our implementation of our deleveraging plan," Bonnafe said in a presentation at a Morgan Stanley conference in London, which was webcast. "All in all, we have already achieved 70 percent of the plan."

03/28/2012

HSBC ends operations in Slovakia

The banking giant said the decision is a direct result of the continuing five-filter portfolio review announced last year.