10/24/2012
"Operating profit was robust in a quarter characterised by increased uncertainty. Operating income grew five per cent compared to a year ago," says Annika Falkengren, SEB's President and CEO, commenting on the third quarter 2012 result.
10/23/2012
Executives of the bank were locked in a board meeting in New York on Tuesday to thrash out details of the plan.
10/23/2012
The move is part of SocGen’s efforts to speed up its rejig, shifting its focus off non-strategic assets. The French bank does not expect the deal to affect ratios and results materially.
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.
10/15/2012
"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."
10/09/2012
The awards dinner run by The Banker magazine is billed as 'the Oscars of the investment banking industry'
10/09/2012
The popularity of the world’s biggest banks has been declining
10/09/2012
A radical overhaul of the way consumers pay for investment advice
10/08/2012
It is presently not an option to sell our Irish business
10/07/2012
The Royal Bank of Scotland is under pressure from a government body to shrink its global investment arm.
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.
10/02/2012
Warsaw has increasingly been seeking the premiums available from strategic investors for state assets.
09/30/2012
Global investment banking fees $15.5 bln in Q3
09/25/2012
A complete divestment of its 18pc Standard Chartered stake would be a major strategic departure for the fund, which has in the past looked for a merger partner for the Asian-focused lender.
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.
09/24/2012
Chief Executive Stephen Hester had already axed 34,000 jobs since arriving at RBS in 2008.
09/18/2012
Standard Chartered has forecast a doubling in profits from its investment banking arm to more than $10bn within the next five years.
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.
09/18/2012
A survey of top investment bankers has found that "short-term performance" is their priority.