01/24/2012
Germany and France seek relaxation of bank capital rules-FT
Germany and France seek relaxation of bank capital rules-FT
Investment Banking
01/24/2012
Nordea Profit Beats Estimates
Nordea Bank AB, the Nordic region’s largest lender, said fourth-quarter profit rose 2.1 percent as higher income from lending offset rising losses on bad loans.
01/23/2012
Bank merger sealed in Greece
The merger of the two largest private sector banks in Greece is “a game-changer decision of historic proportions which enhances the ability of the country to overcome the crisis, stabilizes the banking system and sends a positive message regarding t
01/22/2012
Jefferies to make move for RBS cash equities
RBS is selling Hoare Govett and its wider cash equities, equity underwriting, and mergers and acquisition businesses as part of a restructuring of its global banking and markets (GBM) business.
01/22/2012
Dexia Sees Agreement for Denizbank Sale Before End of February
Mariani also said talks with Royal Bank of Canada about the sale of Dexia’s 50 percent stake in their joint venture RBC Dexia Investor Services are nearing completion.
01/20/2012
Sberbank throws its weight into investment banking
In the words of a recent recruit – it’s the biggest bank you’ve never heard of.
01/19/2012
Being international isn't sexy anymore for Citi
Citi's rivals JPMorgan Chase and Bank of America have Europe problems, too, but they also have U.S. branch networks about five times the size of Citi's. And bank business in the U.S., like the economy, is improving.
01/19/2012
Big Four firm regains leadership position in 2011
PricewaterhouseCoopers Regains Leadership Position In 2011
01/19/2012
Gloom Lifting Over Global Growth Prospects - study
Risk Appetite Back to Pre-Third Quarter Crisis Levels
01/18/2012
London shrinks faster than any financial center as banks come under attack
Having fired more employees than in any other country last year, the capital’s banks are facing falling trading revenue, attacks from politicians to reduce pay and more job cuts.
01/17/2012
UK banking giants plans to hire tens of thousands every year
HSBC has an employee attrition rate of 10% annually, and replacing those staff forms part of the new hiring, an HSBC spokesman said. HSBC currently employs 296,000 staff globally.
01/17/2012
Top lender gets five weeks to find RBS buyers before bankers depart
RBS, the U.K.’s largest state-owned lender, last week said it will sell or close its unprofitable cash equities, mergers advisory and equity capital markets units.
01/17/2012
Banker sackings and suspensions double in two years
The number of investment bankers sacked or suspended for failing to comply with regulatory rules has doubled in the two years since the Lehman Brothers crash, official figures show.
01/17/2012
Saudi British meets market forecasts with 65pc jump in 4Q results
Net income rose to 655 million riyals ($175 million) from 397 million riyals a year earlier, the Riyadh-based lender said in a statement to the Saudi bourse today. The mean estimate of seven analysts was for a profit of 654.4 million riyals, according to
01/17/2012
Societe Generale Securities Services has recieved nine ratings from Global Custodian
Societe Generale Securities Services (SGSS) has received nine major ratings, covering six countries, from Global Custodian Magazine* in its 2011 “Agent Banks in Emerging Markets” Survey.
01/16/2012
Major lender could lose $5 billion from PIIGS exposure: report
Dimon said the bank was exposed to the five countries (PIIGS) to the tune of around $15 billion.
01/16/2012
Eurozone's fate hangs on whether French humiliation turns to anger
And after Friday's mass downgrade, which underscored the fact that investors believe governments right across the 17-member single currency area will be on the hook if the crisis deteriorates, Greece's eurozone partners may no longer be in any m
01/16/2012
Greece gets closer to brink of bankruptcy
Greece’s finance minister Evangelos Venizelos said talks would resume on Wednesday to “bridge differences” but insiders remained sceptical that a deal could be stitched at such a late stage.
01/16/2012
The world according to Goldman Sachs
Ahead of the Davos summit, Goldman Sachs president Gary Cohn talks to The Sunday Telegraph about the outlook for Europe, the US economy and whether 2012 holds any rays of hope.
01/16/2012
BNP sells stake in Niger bank
The sale will enable Coris Bank International, a privately held Burkinabe bank, to become the largest shareholder in BIA-Niger, the West African nation's oldest financial institution, which began operations in 1944.