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.

01/19/2012

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.

01/17/2012

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

01/16/2012

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.