Return on equity was around 11 per cent for 2011. Capital adequacy has increased during the year, and the core tier 1 capital ratio is over 11 per cent. The solid financial development has been important for Nordea's ability to maintain a strong fun
Banks in Spain, which have been encouraged by new legislation to swallow weaker rivals, will not be railroaded into “unnatural mergers” that would risk frightening international investors and draining foreign capital from the sector, the offic
Moody's said tonight it was reviewing some 114 European banks and financial groups, including many of the top firms, for a possible ratings downgrade because of the eurozone debt crisis.
Building on the similar blueprint that RBS established with the launch of their UK-based India Desk earlier this year, the China desk will offer expertise and guidance across the market, including regulatory insight and product support.
Barclays Capital said on Friday it would cap the cash element of bonuses at GBP65,000, while Deutsche Bank will cap cash bonuses at EUR100,000 and stock awards exercisable this year at EUR100,000. Morgan Stanley is capping cash bonuses at $125,000.
Crédit Agricole is launching a new financing model in its corporate and investment bank which will allow France’s third-largest lender by market value to continue project and trade finance, despite upcoming unfavourable capital rules, accordi
The drop in quarterly profit weighed on the bank’s annual earnings, which fell 35 percent, to 5.35 billion euros ($7 billion), in 2011.
As at 31 December 2011, the negative mark-to-market of the Group's interest rate swaps was -£29.8 million, a reduction of £0.8 million or 2.7%. This represents 8.4 pps or 17.6% of the Company's NAV.
Net income increased to $202.3 million, or 44 cents a share, from $175.2 million, or 37 cents, a year earlier, Atlanta-based Invesco said in a statement today.