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.
04/26/2012
The bank said although the business environment was "more stable" than at the end of last year, it was "far less favourable" than a year earlier.
04/26/2012
Spain has instructed its banks to set aside capital to cover a funding gap of tens of billions of euros stemming from a decade of unsustainable lending to property developers during a real estate boom that went abruptly into reverse in 2008.
04/23/2012
Greece’s dire fiscal and economic condition made painful decisions necessary in order to prevent a dramatic deterioration of the country’s situation.
04/18/2012
CDS are a form of insurance on bonds that help offset the risk that a borrower will default on payments to an investor.
04/13/2012
Anshu Jain will make such a deeper collaboration one of his top priorities in the first 18 months of his tenure which will start this June, people close to the situation said.
04/13/2012
QNB is still seeking a price close to Denizbank’s book value, which stood at about $2.5 billion at the end of last year, while Dexia is seeking more than 1.5 times book value, two of the people said, declining to be identified as the talks are priva
04/13/2012
The committee said that activities such as proprietary trading, should be separated and have their own capital base. It also called for studies to examine whether banks need higher capital requirements and if they should ringfence their operations abroad
04/13/2012
JP Morgan, the first Wall Street bank to report results in this closely watched earnings season, has revealed a surprise increase in revenue to $27.4bn even as legal bills and debt pinched first quarter earnings.
04/12/2012
One certainly hopes bank regulators are on top of the trading positions of the Whale or, for Harry Potter fans, "Voldemort" (He Who Shall Not Be Named) or, for those with a fetish for real names of real people, Bruno Iksil.
04/12/2012
The government has ruled out more state aid for a sector that comprises a motley mix of international lenders and heavily indebted local savings banks. That leaves two options: raising private capital or turning to the EU for bailout funds.
04/05/2012
In total, RBI has won this prestigious distinction eight times in nine years.
04/03/2012
Lenders in the Nordic nation have “good” liquidity and “sound” solvency, with the core Tier 1 capital ratio at 13.1 percent at the end of last year, the regulator said.
04/03/2012
Entwistle, who spent much of his career at private bank Adam & Co and helped sell the firm to Royal Bank of Scotland (RBS.L) in 1993, said he planned to issue a prospectus this week to get more funds from potential investors.