07/01/2012
The fees totalled nearly $14 billion in the second quarter, down from more than $18 billion in the first quarter of 2012. Year to date, fees have totalled $32 billion, down 25 percent from the same period in 2011.
07/01/2012
The Asian-focused bank, which is headquartered in London, is booking the hit to profits as the result of the bank levy, the cost of funding and other regulatory costs.
07/01/2012
The bank was hit with a fine of £290m by the Financial Services Authority for manipulating interest rates - while chairman Bob Diamond has faced calls to resign.
07/01/2012
As of June 30, WestLB will cease to exist as part of European Union conditions tied to a total 17 billion euros ($21 billion) of aid to bail out the bank following the 2008 financial crisis.
07/01/2012
French bank Credit Agricole is in talks to sell its loss-making Cheuvreux brokerage arm to financial services group Kepler Capital Markets, sources familiar with the matter said on Friday.
07/01/2012
The bank might move some loans in Italy and Spain to Belgium, in a bid to narrow a 40-billion-euro funding gap in those two countries, Bloomberg News reported Monday on its website, citing three unnamed sources.
07/01/2012
Citing two unidentified banking sources, the FT said on its website that National Bank of Greece, Alpha Bank and Eurobank EFG had indicated they were ready to make bids for Emporiki subject to getting approval from the Hellenic Financial Stability Fund.
07/01/2012
Asian banks stand ready to pounce on assets of European banks if they are up for sale.
06/27/2012
Lloyds is under pressure to sell or float the branches as a new independent bank
06/24/2012
BNP Paribas, together with French rivals Societe Generale SA (GLE) and Credit Agricole SA, was among 15 global banks downgraded by Moody’s Friday.
06/24/2012
The top names in the loyalty business from right across Europe and the Middle East met in London to celebrate excellence, achievement and innovation.
06/20/2012
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.
06/18/2012
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.
06/15/2012
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.
06/13/2012
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.
06/11/2012
Another source said Geniki was also granted access to the liquidity funds.
06/11/2012
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.
06/08/2012
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.
06/08/2012
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.
06/06/2012
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.