05/16/2012
The bank was forced to book provisions for risky loans of 970 million euros over the quarter, a 43 percent rise compared to a year earlier, as credit quality deteriorated in Italy due to a deep economic recession.
05/16/2012
The Metro bank is still a very small player in the U.K., dwarfed by the "big four"--Lloyds Banking Group PLC (LYG), Royal Bank of Scotland Group PLC (RBS), Barclays PLC (BCS) and HSBC Holdings PLC (HBC).
05/15/2012
But as well as buying into telecoms provider BT, Moore (pictured), said he bought into Barclays because 2011'a difficulties made it underpriced even though this year it is in a stronger position.
05/15/2012
Alexander Baziyan, a spokesman for Moscow-based Sberbank, declined to comment on the process or Denizbank’s valuation. A spokesman for Dexia declined to comment.
05/15/2012
It will include an entry-level execution only proposition, a service for investors who do not need on-going financial advice but want guidance and a proposition for clients receiving full advice.
05/14/2012
How does a global bank like RBS coordinate its efforts to control its energy, water and waste?
05/14/2012
Lloyd's of London eyes emerging markets
Its website shows Lloyd's has 34 offices around the world, though more than half are in Europe.
05/14/2012
Thousands of investors who have pumped billions of pounds into film finance schemes face an anxious wait to find out whether a recent court decision signals the end of lucrative tax breaks.
05/14/2012
SAL achieved net income of US $1.5 million during this quarter compared to a loss of US $32.9 million in the first quarter of 2011.
05/14/2012
The new look was unveiled today across its exchanges and other locations around the world as well as online.
05/14/2012
The building enjoys excellent characteristics and is distinguished by its unique and award-winning design. It provides long-term income and a security of a world class covenant for Warba Bank.
05/11/2012
Jane Turner, manager of Schroders’ multi-manager funds, is cautious about the near-term outlook for markets following a difficult 2011 and a rally in which she was held back by exposure to US high-yield debt and defensive shares.
05/11/2012
Rock-bottom interest rates and uncertainty over the euro zone debt crisis have hurt flows into some life-insurance products and dragged AXA's shares down by 25 percent since March highs.
05/11/2012
Deutsche Bank will continue to evaluate the other three businesses, according to the statement.
05/10/2012
Citigroup leapfrogged Barclays Plc and UBS AG to become the second-biggest currency trader, Euromoney said in an e-mailed statement. Barclays slipped to third place and UBS to fourth, while HSBC Holdings Plc climbed into the top five.
05/10/2012
But some bankers argue that the European Central Bank’s €1tn of emergency bank loans – dubbed long-term refinancing operations and initiated by its president Mario Draghi – have at least partially weakened their investment thesis.
05/10/2012
The offshore fund, which is a sub-fund of the firm’s global sicav, has a ‘go anywhere’ strategy, allowing Bezalel to invest across the debt spectrum in any country and without being restricted by ratings.
05/09/2012
Whether the recent shift in Treasury yields reflects a short-term event or the beginning of a real reversal, Mr. Popp suggests that the time may be right for investors to evaluate how an eventual rise in interest rates may impact their portfolios.
05/09/2012
GlobeOp Financial Services will launch an independent, asset-weighted hedge fund performance index on May 15, 2012.
05/09/2012
Risk targeted funds can help financial advisers avoid portfolio drift, one of the significant concerns highlighted in the FSA’s recent paper on assessing investment suitability, says Skandia Investment Group.