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European Banks Tackle a Mountain of Bad Debt

Such figures sound large, but they are dwarfed by the scale of the deleveraging process going on in Europe.

Bad bank debts hit €100bn and rising in Italy

The survey of senior managers found 70 per cent expect the volume of non-performing loans to rise this year, and 75 per cent expect to sell bad assets next year.

Kazkommertsbank closes London office

The representative office of the bank in London was opened in 1997 to maintain business relationships with commercial banks, international financial institutions and government authorities.

Santander readies to list part of Mexico unit

Santander is hoping to raise as much as $4 billion in the offering, according to a Bloomberg report on Wednesday.

Britain's Lib Dems want to reopen bank reform debate - FT

Senior members of the left-leaning Lib Dems want to re-examine whether banks' retail operations should be allowed to market complex derivative products, in light of the recent Libor rate-rigging scandal.

Libor’s Risks Emerged From Clubby London Banking Culture

In recent months it has become clear that many bankers misreported rates, either to benefit trading positions or provide a false picture of stability to regulators, undercutting the market function Libor was meant to perform.

The case for a British investment bank

No wonder small businesses can't get credit when the UK is the only G8 member not to have a body dealing with such finance

Standard Chartered Gets Antitrust Nod to Buy Agricole Unit

Standard Chartered was allowed to buy the whole of Credit Agricole Yatirim Bankasi Turk AS from its Montrouge, France- based parent, the Ankara-based regulator said on its website today.

Barclays Chairman May Shrink Investment Bank

Perry Jones, a London-based spokesman for Barclays, declined to comment when contacted by Bloomberg News today.

Whale's Tail Hits Bank on Buyback

The developments came as the New York company tried to unwind a series of problematic positions taken by a trader in the bank's Chief Investment Office nicknamed the "London Whale" for his outsize market bets.

ING sees quick sales in Asian insurance break-up

ING is also preparing to list its European and U.S. insurance units on stock markets as part of the restructuring that will break apart its once fashionable bancassurer business model.

Italian bank loans to business fall again

Meanwhile, Italian banks' holdings have risen more than 100 billion euros since before the first ECB tender.

Commerzbank Warns on Profit

Commerzbank said profit in the second half will probably be lower than in the first six months of 2012 as slowing economic growth leads to higher loan-loss provisions.

Why London bankers are shrugging off Standard Chartered threat

Money managers in the City of London react to the U.S. allegations that Standard Chartered hid money tied to Iran: Everyone does it.

Banca Aletti posts positive H1 results

"In a complex macroeconomic environment with very high volatility we managed to achieve significant results at the end of the first half. We are very satisfied," said chief executive Maurizio Zancanaro.

Old Mutual profit up on S.African bank strength

Old Mutual, which runs insurance, banking and asset management businesses in about 30 countries, made an adjusted pretax operating profit of 791 million pounds ($1.24 billion) in the first six months of the year, it said on Wednesday.

Morgan Stanley ups exposure to Euro peripherals, shorts France

After factoring in reduced hedges, the bank had $4.18 billion in net exposure to those nations, up 73 percent from its $2.41 billion in exposure at March 31.

Pre-Tax Profit Tumbles At KBC Group‎

Good commercial results surpassed by impairment charges recorded on remaining divestments.

Banca IMI's net profit jumps on trading gains ‎

Income from other activities of 683 million euro, an increase of 51.3% compared to the results as at 30 June 2011

UK ministers eye nationalising Royal Bank of Scotland-FT

Ministers are discussing a potential full nationalisation of RBS, which is already 82 percent owned by the government, to help boost business lending to companies.

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