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
05/15/2012
The newspaper said HSBC and La Banque Postale could make an offer, without giving any indication of the source of its information.
05/15/2012
HSBC Holdings PLC’s huge exposure to emerging markets is leading Citigroup analysts to question why the U.K. bank isn’t being valued like one.
05/14/2012
UniCredit may expand in the countries where it operates in a bid to play a “leadership role” in Europe, new Chairman Giuseppe Vita said.
05/11/2012
The Middle East and Africa generated about 5 billion pounds ($8 billion) of revenue for Barclays last year, about 15 percent of the global total, according to the London-based company’s annual report.
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.