10/18/2012

Raiffeisen won't withdraw from Hungary: CEO

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.

10/15/2012

HSBC Global Banking and Markets wins top prize

"We are working in an operation that since 2007 has pursued a strategy and business model that has recognised both the dominant economic trends and the evolving needs of our customers."

10/07/2012

RBS Faces New Shake-Up

The Royal Bank of Scotland is under pressure from a government body to shrink its global investment arm.

10/04/2012

Bank Says Temasek Misread U.K. Rules

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

Jobs cull as Europe's banks step up costs battle

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.