06/06/2012
The nationalization prevented a collapse of Kommunalkredit, which was owned by Oesterreichische Volksbanken AG (VBPS) and Dexia SA (DEXB) and faced a liquidity squeeze as it was wholesale funded.
06/06/2012
The cuts will potentially cost banks billions of pounds in additional funding costs as well as forcing them to hand over billions more in collateral to trading counter-parties.
06/05/2012
Egan-Jones, a relatively small credit rater, cut the U.K. to “AA-" from “AA” and left a “negative” outlook on the country.
06/05/2012
The aircraft leasing industry expects the demand for commercial aircraft to continue to grow steadily, underpinned by the increasing volume of air travellers on the back of the growth of emerging markets, especially in Asia
06/05/2012
The world's weakest banks are concentrated in Europe and Asia, while the strongest financial institutions are based in Latin America, the Middle East and North America,
06/04/2012
The eurozone debt crisis that has caused the rush from Asia is now engulfing Spain. Spain now sits at the top of a critical list of 12 economies ordered to carry out major reforms this year.
05/31/2012
Deutsche Bank presents its new leadership duo to shareholders at the annual general meeting in Frankfurt on Thursday amid calls by industry chiefs to keep the country's flagship lender committed to Germany and the 'real economy.'
05/30/2012
Sander also reiterated that Credit Agricole expects Greece to be able to keep the euro as its currency.
05/30/2012
According to a source close to Barclays, the bank had been in advanced discussions for several months with a buyer of its French business, while talks on the sale of its Italian retail business were less advanced.
05/29/2012
After adding leadership of Bank of America Merrill Lynch's Emea covered bonds team last year, Hoggett has now taken on additional responsiblity for short-term fixed income origination in that region, according to a spokeswoman for the bank.
05/25/2012
BNP Paribas SA, the biggest lender in France by market value, this week launched a cash-management service in Australia targeting multinational companies moving operations to the country, and for local clients with international activities.
05/25/2012
The two Italian banks that this week sold a combined 11.5 percent stake in the London Stock Exchange did so to cut debt, the LSE CEO said adding ties with Intesa Sanpaolo and UniCredit would continue to be close.
05/24/2012
The new rules incorporate three new requirements.
05/23/2012
Last week, leading credit rating agency Moody's cut the score of 16 Spanish lenders amid ongoing fears about the Iberian nation's financial future.
05/18/2012
HSBC may sell off its British bank branches if new regulation makes it impossible for them to meet the company's profit targets.
05/17/2012
The integration of its four pillar businesses has delivered US$500 million of additional revenue, the bank said, adding a further US$1.5 billion in revenue is expected in the short- to medium-term.
05/17/2012
HSBC said it had sold or exited businesses through a total of 28 transactions since the beginning of last year and would continue to do so at a similar pace over the next two years. Mr
05/16/2012
Until last Thursday, Dimon had been able to use his position as chief executive of the biggest bank in the US to argue against proposed changes to regulation that would stop banks like JP Morgan using their own cash to take bets on financial markets throu
05/16/2012
This decline was mainly the result of an increase in loan impairments and a slight decrease in revenues
05/16/2012
Investors are looking for greater stimulus as expectations of economic growth have fallen further and as concerns about inflation have eased significantly . Only a net 15 percent of the panel expects the global economy to strengthen in the year ahead, do