01/17/2012
HSBC has an employee attrition rate of 10% annually, and replacing those staff forms part of the new hiring, an HSBC spokesman said. HSBC currently employs 296,000 staff globally.
01/17/2012
RBS, the U.K.’s largest state-owned lender, last week said it will sell or close its unprofitable cash equities, mergers advisory and equity capital markets units.
01/17/2012
The number of investment bankers sacked or suspended for failing to comply with regulatory rules has doubled in the two years since the Lehman Brothers crash, official figures show.
01/17/2012
Net income rose to 655 million riyals ($175 million) from 397 million riyals a year earlier, the Riyadh-based lender said in a statement to the Saudi bourse today. The mean estimate of seven analysts was for a profit of 654.4 million riyals, according to
01/17/2012
Societe Generale Securities Services (SGSS) has received nine major ratings, covering six countries, from Global Custodian Magazine* in its 2011 “Agent Banks in Emerging Markets” Survey.
01/16/2012
Dimon said the bank was exposed to the five countries (PIIGS) to the tune of around $15 billion.
01/16/2012
And after Friday's mass downgrade, which underscored the fact that investors believe governments right across the 17-member single currency area will be on the hook if the crisis deteriorates, Greece's eurozone partners may no longer be in any m
01/16/2012
Greece’s finance minister Evangelos Venizelos said talks would resume on Wednesday to “bridge differences” but insiders remained sceptical that a deal could be stitched at such a late stage.
01/16/2012
Ahead of the Davos summit, Goldman Sachs president Gary Cohn talks to The Sunday Telegraph about the outlook for Europe, the US economy and whether 2012 holds any rays of hope.
01/16/2012
The sale will enable Coris Bank International, a privately held Burkinabe bank, to become the largest shareholder in BIA-Niger, the West African nation's oldest financial institution, which began operations in 1944.
01/16/2012
Royal Bank of Scotland is in talks to sell its mergers and acquisitions business in the Middle East and cut some jobs as part of a global restructuring at the U.K. bank, its regional head said on Monday.
01/12/2012
Dagmar Dvorak, co-manager of the Global Bond trust, has assumed responsibility for the fund during the consultation period.
01/12/2012
The news that France's second-biggest lender is eyeing a "significant" fall in investment banking revenue for 2012 and has decided to exit or deeply cut several businesses is the latest dollop of pain for investment banks worldwide after bu
01/12/2012
A crisis troubleshooter for Merkel since the collapse of Lehman Brothers Holdings Inc. in 2008, Asmussen brings his experience in bailout politics to the European Central Bank.
01/11/2012
Arbuthnot announced plans in July for a JV through Secure Trust Bank (STB), its listed subsidiary in which it retains a 75 per cent stake, as well as an unnamed partner.
01/11/2012
Pointing to bonds sold by Barclays and Lloyds Banking Group since the start of the year, the analysts said both banks had to pay a very high price to access the debt markets.
01/11/2012
The Swiss investment bank still expects these countries to outperform industrialised nations but at a slower annualized real growth rate of 5% or less in the first half of 2012, compared with 7-8% at its peak and 5.5% last year, thanks to a moderation in
01/09/2012
Dividends and bonuses for 2011 will also be lower, he added.
01/09/2012
RBS spokesman Michael Strachan declined to comment on the report when Bloomberg called him today.
01/09/2012
Combined turnover increased 13% to €4.5bn (£3.7bn) for the year ended 30 September, compared to €4bn in 2010.