Lloyds net loss surges to $4.4bn on exposure

A day after Royal Bank of Scotland (RBS) said its annual net losses had almost doubled, LBG reported that its loss after tax ballooned to £2.78 billion ($4.38bn) in 2011 from £320 million in 2010.


Europe's banks finding little appetite for Middle East debt

The institutions want to sell the debt to boost their balance sheets, but are finding little appetite for it among regional banks and other international lenders, which think new loan issues emerging locally offer better value.


HSBC to refocus on Asia as £14bn profit looms

The chief executive, Stuart Gulliver, presenting his first set of full-year results, is expected to impress the need for HSBC to concentrate on commercial banking in both Asia and Latin America if it is to continue to grow.


International trade set to drive UK economic growth

HSBC is playing its part in growing the UK economy, in 2011 UK exports rose 13% and over the same period our export related business grew 33%, within which trade finance lending underpinning exports grew 91%.


Nordea releases annual report

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


Spain moves to ease bank merger fears

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


RBS opens China Desk in London

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.


Deutsche Bank narrows asset manager bidders

Deutsche Bank has pared down the shortlist of potential investors vying to buy its asset management operations to fewer than 10, three sources close to the process said on Tuesday.


Banks Accept New Reality On Cash Payouts

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 launches new financing model

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