03/24/2013
JPMorgan Chase Wins Actual Award For Its Handling Of The London Whale Debacle
What's dumber than JPMorgan Chase losing $6 billion in credit derivatives
Investment Banking
03/24/2013
UK Banks statutory profits down 40% on the previous year - KPMG
Five major banks in the UK have lost most of their gains in 2012 core profits due to large fines and compensation
03/20/2013
Deutsche Bank takes $800 million lawsuits charge
The bank said the information about the lawsuits had become available after it published unaudited, preliminary figures on Jan. 31.
03/19/2013
Barclays to cap hiring even if GDP recovers
Sustained pressure on costs is expected to mean the bank will look to cut more jobs in the coming years
03/17/2013
Generali CEO Mario Greco Sees First Quarter ‘Similar’ to Fourth
France is “giving results” and “Germany continues to perform well"
03/17/2013
Banker denies responsibility for JP Morgan losses
Blames deception by London team for 'London Whale' trading incident, which saw company lose £4bn
03/17/2013
UniCredit returns to full year profit
Confident that the bank would be able to take advantage of any improvement in the economy in the second half of 2013.
03/13/2013
Commerzbank to cut government stake
In 2008 and 2009, Germany invested around 16.4bn euros in Commerzbank as it struggled to integrate the distressed Dresdner Bank into the group.
03/12/2013
Italian Intesa Sanpaolo returns to profit in 2012
Adjusted income for the full year came to 1.47 billion euros, slightly higher than the 1.45 billion euros earned in 2011.
03/11/2013
Commerzbank eyes £5bn UK property sale
Blackstone, Lone Star and Starwood Capital have expressed interest in buying all or part of Eurohypo
03/07/2013
JPMorgan to change European income trust mandate
JPMorgan Asset Management set to remove the UK from European income trust mandate
03/06/2013
N+1 launches investment banking activity in Germany
In 2012, the investment banking division of N+1 Group closed 78 transactions in the UK, Spain, Italy, France and Turkey.
03/05/2013
ING completes sale of UK unit to Barclays
As announced on 9 October 2012, the transaction is a result of ING's continuous evaluation of its portfolio of businesses and is in line with ING's strategic objectives of sharpening the focus of the bank and further strengthening its capital po
03/03/2013
BNP to boost Africa investment banking business
BNP, which is also eyeing an expansion drive in Asia, has changed its regional business model to focus more on advisory rather than just lending for big projects, said Jean-Christophe Durand, the bank's chief executive for the region.
02/24/2013
RBS plans cuts to investment bank in push to stem losses
The Royal Bank of Scotland is to reduce the size of its investment bank by as much as £30bn
02/24/2013
Barclays looks for £7bn to shore up balance sheet
The bank is drafting a resolution which will be put to shareholders at the annual meeting, so the board can issue the bonds.
02/24/2013
RBS to start selling stake in RI’s Citizens next week
Citizens’ future has been in question ever since U.K.-based RBS, which bought Citizens in 1988, was rescued by the British government in the fall of 2008 at the height of the financial crisis.
02/20/2013
Credit Agricole resigns as member of LME
The move follows the bank's announcement in December 2011 that it would stop trading commodities.
02/20/2013
Credit Agricole reports record loss
The bank is now planning a three-year turnaround plan to try to revive its fortunes.
02/20/2013
Dubai could learn from London to build Islamic finance hub
Dubai is aiming to become a global capital of the Islamic economy.