08/14/2012
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.
08/13/2012
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
08/13/2012
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.
08/12/2012
Perry Jones, a London-based spokesman for Barclays, declined to comment when contacted by Bloomberg News today.
08/09/2012
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.
08/08/2012
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.
08/08/2012
Meanwhile, Italian banks' holdings have risen more than 100 billion euros since before the first ECB tender.
08/08/2012
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.
08/08/2012
Money managers in the City of London react to the U.S. allegations that Standard Chartered hid money tied to Iran: Everyone does it.
08/07/2012
"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.
08/07/2012
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.
08/06/2012
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.
08/06/2012
Good commercial results surpassed by impairment charges recorded on remaining divestments.
08/02/2012
Income from other activities of 683 million euro, an increase of 51.3% compared to the results as at 30 June 2011
08/01/2012
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.
08/01/2012
Euro banking giant eyes MidEast opportunities
It is the largest bank by market capitalisation in the euro zone and the largest financial franchise in Latin America.
07/31/2012
The bank insists that assets are priced attractively, that it is able to secure a controlling stake and the operations are a strategic fit to its existing business.
07/31/2012
SocGen is "confident" it will hit its end-2013 target of a Basel III core Tier 1 ratio of between 9 and 9.5 per cent, Chief Executive Frederic Oudea said in a statement.
07/31/2012
The prudent management of the Bank's capital ratios and high profitability has permitted the Bank to continue paying attractive dividends without issuing new shares since 2002.
07/30/2012
As of June 2012 and in accordance with international accounting criteria, BBVA had set aside €1.43 billion of the provisions related to real estate and included in the new legislation.