03/09/2012
Riksbank: Sweden's Bank Profits Good For County's Stability
Riksbank Governor Stefan Ingves said in an interview with Swedish daily Svenska Dagbladet that the profits made by Sweden's banks are good for the country's financial system.
03/09/2012
Riksbank Governor Stefan Ingves said in an interview with Swedish daily Svenska Dagbladet that the profits made by Sweden's banks are good for the country's financial system.
03/08/2012
BBVA will also be shielded from most losses on Unnim’s real estate holdings, a spokesman for the Bilbao, Spain-based bank said in a telephone interview.
03/08/2012
By CEBR's calculations, Brazil's GDP totalled $2.469 trillion (£1.568 trillion) in 2011, while UK GDP was $2.420 trillion.
03/07/2012
RBS, which is 82-per cent owned by the government, has slashed about 34,000 jobs since it was bailed out by the state in 2008.
03/01/2012
London First’s chief executive, Baroness Jo Valentine, said: “We expect the incoming Mayor to support measures that not only bring jobs and prosperity, but ensure that London is truly open for business.”
03/01/2012
BBVA has obtained authorization from the Central Bank of UAE to open a Representative Office in Abu Dhabi to provide support for the bank’s large customers and institutional clients.
02/29/2012
KBC chief executive Jan Vanhevel said the transaction was another major milestone in implementing the updated strategy the group agreed with the European Commission.
02/26/2012
Burdened by their exposure to Greek government debt and other damaged assets, Royal Bank of Scotland, Crédit Agricole in France and Dexia, a French-Belgian bank, all reported quarterly losses.
02/26/2012
A day after Royal Bank of Scotland (RBS) said its annual net losses had almost doubled, LBG reported that its loss after tax ballooned to £2.78 billion ($4.38bn) in 2011 from £320 million in 2010.
02/26/2012
The institutions want to sell the debt to boost their balance sheets, but are finding little appetite for it among regional banks and other international lenders, which think new loan issues emerging locally offer better value.
02/26/2012
The chief executive, Stuart Gulliver, presenting his first set of full-year results, is expected to impress the need for HSBC to concentrate on commercial banking in both Asia and Latin America if it is to continue to grow.
02/23/2012
The Royal Bank of Scotland has risked taxpayer fury as its bonus payments outstrip the size of its losses in 2011.
02/22/2012
HSBC is playing its part in growing the UK economy, in 2011 UK exports rose 13% and over the same period our export related business grew 33%, within which trade finance lending underpinning exports grew 91%.
02/22/2012
"A lot of this is in the hands of the Financial Services Authority and the Investment Management Association," he says.
02/21/2012
While European lenders looking to sell Asian assets in recent months have approached the bank, he says the pricing has not been attractive.
02/20/2012
Shares in Kredyt Bank jumped as much as 6 percent after the Reuters report and were up 3.4 percent by 1450 GMT.
02/20/2012
Return on equity was around 11 per cent for 2011. Capital adequacy has increased during the year, and the core tier 1 capital ratio is over 11 per cent. The solid financial development has been important for Nordea's ability to maintain a strong fun
02/20/2012
Current and former senior employees in GBM describe an organisation in turmoil, riven by power struggles even as managers are forced to fire thousands of staff.
02/20/2012
A spokesperson for Livingstone insisted it was simply a joke.
02/17/2012
Banks in Spain, which have been encouraged by new legislation to swallow weaker rivals, will not be railroaded into “unnatural mergers” that would risk frightening international investors and draining foreign capital from the sector, the offic