01/05/2012
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
01/05/2012
The bank, which started life financing trade between Europe, Asia and Africa in 1853, expects its wholesale banking operations to drive future growth.
01/03/2012
A French banker based in the United States told Les Echos that the layoffs had been "particularly brutal" in the past few weeks.
01/03/2012
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.
01/03/2012
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.
01/03/2012
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.
01/03/2012
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
01/03/2012
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.
01/03/2012
CEBR said the likelihood of a euro breakup in the next decade has increased to 99 percent.
01/02/2012
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.
12/30/2011
“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.”
12/20/2011
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.
12/20/2011
Barclays Wealth has said it will be entering the new year with an overweight position to Europe ex-UK.
12/19/2011
The European Banking Authority said last week that Credit Agricole was the only one of France’s three main listed banks that didn’t need to increase its capital in order to comply with Europe’s new and more stringent banking rules.
12/19/2011
Soc Gen names new panel with dozen firms winning places
The Paris-headquartered bank has also appointed a number of US firms to the panel including Jones Day, Paul Hastings Janofsky & Walker and Shearman & Sterling.
12/19/2011
The Angus Reid poll, carried out by Vision Critical, found a similar picture across the whole of the UK, with more than half saying Goodwin no longer deserved the title, which was bestowed at Buckingham Palace on the orders of then Prime Minister Tony Bla
12/19/2011
Consultants from McKinsey & Co are advising on the restructuring, details of which were last week discussed at a meeting of the bank’s board.
12/19/2011
Glasgow will now host the penultimate round of the Series from May 5 and 6 next year and the Lapasset, recently re-elected as chairman of the IRB for another four-year term, has expressed his delight.
12/19/2011
The Co-op was last week named the preferred bidder over NBNK Investments for a package of branches, including the 185 Lloyds TSB Scotland outlets north of the Border.
12/16/2011
New York City is bracing itself for more job cuts on Wall Street as banks face a still sluggish US economy, the prospect of a recession in Europe and tougher capital requirements.