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.
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.