11/08/2012
French bank Societe Generale SA said it remained committed to its investment banking unit in the long term, weeks after Swiss rival UBS AG announced plans to drastically cut the size of its investment bank, eliminating over a dozen lines of business and
11/08/2012
These writedowns plus profit declines in French retail banking
11/08/2012
Net income rose to 291 million euros ($372 million) from 20 million euros a year earlier, when the insurer booked 289 million euros of writedowns.
11/07/2012
Belgium will inject €2.92bn, or 53% of the total, with France providing the remaining €2.59bn
11/06/2012
BNP Paribas doubled third-quarter net profit on the back of a bond-trading rebound and a drop in euro zone losses, helping it meet balance-sheet targets ahead of schedule despite the economic slowdown.
11/06/2012
The equity derivatives floor at the state-backed bank is this week facing substantial job cuts as part of the merger between the derivatives business and the investor products side of the investment bank.
10/30/2012
Kweku Adoboli, the UBS “rogue trader”, denied gambling away the bank’s money, claiming if his actions amounted to gambling then all investment banking was just a game of chance.
10/29/2012
The lender, part-owned by the Gulf state's sovereign wealth fund
10/29/2012
Deutsche Bank has reported flat profits for the three months to September that still beat analyst expectations.
10/29/2012
Danske Bank reported a third- quarter profit as Denmark’s largest lender unveiled plans to cut 3,000 jobs and sell 7 billion kroner ($1.2 billion) in shares in order to boost capital buffers.
10/28/2012
That may help the Frankfurt-based lender boost its share of investment banking revenue among the world’s largest banks for the first time in a year when it reports earnings tomorrow.
10/25/2012
"Europe suffers from economic recession and aims at attracting foreign investors, and Qatar is one of the countries that can benefit from these opportunities.”
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