10/18/2012
Banks operating in Hungary have been hit by a sector-wide tax that burdened their operations between 2010 and 2013, but the government earlier pledged to halve the tax in 2013. It said Wednesday it would keep the tax at its present level in 2013.
10/04/2012
To register its unhappiness with the bank, Temasek abstained from voting for the re-election of the nonexecutive directors to its board in May, a person familiar with the investment company said.
09/25/2012
European banks have admitted they have a cost problem, and must now show skeptical investors they are doing all they can to lead a profitable life without the crutch of bloated jobs, bonuses and business lines.
09/18/2012
UBS AG, Switzerland’s biggest bank, plans to cut about 80 to 90 jobs in its European investment- banking division as part of a global revamp, according to two people familiar with the matter.
09/18/2012
He added, in a report published last Friday, that headcount at the unit had decreased since the financial crisis.
09/17/2012
He did say, however, banks in the United Kingdom, Germany and France were the most attractive.