05/11/2012
The flow of talent from both European and U.S. banks, which began two years ago after a decade of boom, reflects a longer-term fall in profits and tighter regulation of the banking industry, which has given trading houses and hedge funds greater scope to
05/11/2012
UniCredit SpA, Italy's biggest bank, said first-quarter profit rose 13 percent as higher trading income related to the buyback of its securities offset a drop in fees and lending.
05/11/2012
Credit Agricole SA, France’s third- largest bank by market value, said first-quarter profit dropped 75 percent, hurt by Greek losses.
05/11/2012
JPMorgan Chase & Co. (JPM) is in discussions with the U.K.’s financial regulator over the role London employees had in a $2 billion trading loss, according to two people familiar with the talks.
05/10/2012
Mr Gulliver is the first major UK chief executive to discuss having a socialist running the Élysée Palace.
05/10/2012
Gao Xiqing, president of China Investment Corp., said the nation’s sovereign wealth fund has stopped buying European government debt on concerns about the region’s financial turmoil.
05/10/2012
KBC Groep NV, Belgium’s biggest bank and insurer by market value, reported a smaller-than-estimated drop in profit on capital gains in the Belgian life insurance business and lower loan losses in all regions except Ireland.
05/09/2012
The bank's net fee income rose 7% to PLN222 million, while costs dropped to PLN392.1 million.
05/09/2012
Commerzbank AG (CBK) exceeded the capital target set by Europe’s top banking regulator, even as Germany’s second-biggest lender posted lower-than-estimated profit in the first quarter.
05/08/2012
The latest round of seasoned investment bankers to leave large investment banks could spawn the next wave of boutique advisory houses.
05/08/2012
Natixis uses a force of more than 130 sales teams to market a collection of mutual funds that it owns, but which operate like individual boutique investment firms.
05/08/2012
As the bank reported a slide in pre-tax profits to $4.3bn (£2.7bn) from $4.9bn, Gulliver said that the markets were rewarding the coalition's austerity policies by keeping interest rates low and sterling strong.
05/04/2012
BNP Paribas SA (BNP), France’s largest bank, said first-quarter profit rose 9.6 percent, helped by the sale of a stake in property company Klepierre SA and a rebound in fixed-income trading revenue.
05/04/2012
Royal Bank of Scotland reported a first-quarter group operating profit of £1.184bn. Core operating profit was £1.667bn, with return on tangible equity 11%. Impairment losses totalled £1.314bn, down 33% year-on-year.
05/03/2012
SocGen said a "sharp upturn in corporate and investment banking activities" had begun once the last Greek bailout had been finalised.
05/01/2012
The combined bank will become RBI's largest subsidiary in terms of customer loan volumes. RBI's subsidiary in Russia will remain the largest operation in terms of assets.
05/01/2012
In January the UK government-owned bank announced that it is getting out of some of its non-core activities such as brokerage and equity markets and the M&A business as part of a global realignment of its business.
05/01/2012
Taxpayer-backed Lloyds Banking Group revealed lower-than-expected profits today after it took an additional £375 million hit to cover payment protection insurance (PPI) claims.
04/26/2012
The second biggest Spanish bank BBVA said Wednesday that its first quarter profit fell 12.6 percent to one billion euros ($1.3 billion) amid provisions to meet criteria on cleaning up bad property loans.
04/26/2012
Around 45 M&A bankers from RBS will join the new firm, people familiar with the matter said, but there is no set timescale for the launch, which will be managed carefully to protect ongoing deals for existing clients.