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Revenues up but profits down at KPMG

Combined turnover increased 13% to €4.5bn (£3.7bn) for the year ended 30 September, compared to €4bn in 2010.

Banks brace for backlash as bonus season arrives

But announcements of more than 125,000 job cuts last year mean bankers will find it harder to use their traditional excuse that they need to pay out big bonuses to retain top talent.

Hoare Govett Executives May Team Up With Oriel for RBS Buyout

A deal would allow RBS to save the costs of firing the unit’s 30 or so employees, said the people, who declined to be identified because the talks are private.

RBS Said to Hire Lazard to Advise on Sale of Hoare Govett Unit

Officials at Lazard and Edinburgh-based RBS declined to comment.

RBS Woos Investment Bank Buyers

People close to RBS tell me it has appointed Lazard, the investment bank, in recent days to handle an auction of swathes of its global banking and markets (GBM) division.

RBS plan puts 10,000 jobs at risk

The job cuts – combined with an expected £1bn-2bn of restructuring costs – are the worst-case scenario in plans being considered by Stephen Hester, RBS’s chief executive, who finally accepted in November that the investment bank th

StanChart sees early signs of EU banks deleveraging in Asia

The bank, which started life financing trade between Europe, Asia and Africa in 1853, expects its wholesale banking operations to drive future growth.

French banks 'cutting US staff'

A French banker based in the United States told Les Echos that the layoffs had been "particularly brutal" in the past few weeks.

Time for a British investment bank

First, some £40billion of ‘credit easing’ designed to get cheaper credit flowing to small and medium sized enterprises and, second, a boost for infrastructure spending to create jobs and investment in new capital projects.

Bank ring-fencing rule gives foreign banks advantage

Foreign banks could gain a competitive advantage over their British rivals as a result of a controversial change in the wording of Government proposals requiring UK-based banks to ring-fence their retail arms.

Bankers ready to sue if bonuses too small

One claim for £1.5m is understood to have already made its way into the system last year, after a banker believed their 2011 bonus was too low.

A critique of the financial sector and people's behaviour

First of all I may say that the essay was wrote on December of 2010 when the actual financial crisis was not in its worst stage but all the conclusions fits very well to some of the events that have happened in the last months and actually continue happe

How to save the global economy - tame the world's crazy currency system

During this global deleveraging, the major risk is that a currency and trade war might erupt as governments face public anger resulting from declining incomes and rising joblessness.

Euro will lose a country in 2012 as breakup begins - CEBR

CEBR said the likelihood of a euro breakup in the next decade has increased to 99 percent.

ANZ set sights on EU banks' Asian assets

IN the countdown to the close of 2011, with European banks caught in an ugly pincer movement, ANZ Banking Group chief executive Mike Smith began knocking on some doors.

Sumitomo Mitsui Eyes European Banks’ $90 Billion in Asset Offers

“We’ll take time and go for it once we find what we want” Miyata said. “Loans for projects in North America and Asia are the areas we are interested in.”

HSBC May Save $1.5 Billion on Loss-Absorbing Capital Requirement

Chancellor of the Exchequer George Osborne said yesterday banks must sell securities capable of absorbing the equivalent of a minimum of 17 percent of risk-weighted assets worldwide, backing the recommendations of the Independent Commission on Banking.

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