03/29/2012
French bank Natixis faces tests to winning streak
While Natixis's stock is trading far below the frothy levels of its 2006 listing, which lured big-name investors like poker-playing hedge-fund star David Einhorn, it is the only French bank to outperform European rivals since the end of 2009 when new
03/29/2012
Deutsche Bank reclaims European crown from BNP Paribas
Assets at the Frankfurt-based company rose 14% to 2.2 trillion, or $2.9 trillion, in 2011, making it the largest publicly-traded bank in Europe for the first time in five years, according to Bloomberg data.
03/29/2012
RBI Posts Pre-Tax Profit of € 1.4bn
Despite a challenging economic environment, RBI thus managed to achieve its highest annual pre-tax profit since the start of the financial crisis in 2008.
03/29/2012
BNP, SocGen make strides in shedding assets
"Our No. 1 priority remains our implementation of our deleveraging plan," Bonnafe said in a presentation at a Morgan Stanley conference in London, which was webcast. "All in all, we have already achieved 70 percent of the plan."
03/28/2012
The banking giant said the decision is a direct result of the continuing five-filter portfolio review announced last year.
03/28/2012
He added the retail business had also had a good start to the year.
03/28/2012
Net income fell to 114 million euros ($152 million) from 321 million euros a year earlier, the Milan-based company said in a statement Tuesday.
03/27/2012
The unit will be led by Pierre-Yves Bonnet, currently global head of strategic and acquisition finance at the bank, said the people, who declined to be identified because the plans are private.
03/26/2012
A wealthy Russian banker remains "critical but stable" under armed guard in hospital today after being gunned down in a suspected assassination attempt.
03/26/2012
But he said the chancellor’s decision to also increase the banking levy – to 0.105 per cent of the value of banks’ global balance sheets from 2013, up from a charge of 0.088 per cent – could result in banks paying more tax rather t
03/21/2012
Prior to joining the Bank of China, Komasa worked for the Polish Information and Foreign Investment Agency (PAIiIZ), encouraging links between the two countries.
03/20/2012
Deutsche Bank has published its annual report for 2011.
03/19/2012
One source told Reuters BaFin felt Broeksmit did not have a sufficient leadership track record at Deutsche, which on Friday named three new members to its seven-member management board.
03/19/2012
Dexia has been seeking about 1.5 times Denizbank’s book value, people with knowledge of the process said last month.
03/16/2012
"The faster the government starts selling its stake, the better for everyone," RBS CEO Stephen Hester told Reuters on Thursday.
03/16/2012
Joining a growing chorus of criticism, one of Europe's largest asset managers lashed out at Goldman Sachs Group Inc for not communicating quickly enough with clients after ex-banker Greg Smith publicly condemned the way the bank treats clients.
03/15/2012
It's not the way we do business," Dimon said in the memo, a copy of which was seen by Reuters.
03/12/2012
Meanwhile, Tefvik Bilgin, head of Turkey’s banking regulator BDDK, said late on March 8 that he was liverish by the delays in the sell-off procedures of lenders, calling for Dexia to finalize tle sale of Denizbank.
03/09/2012
The so-called shadow banking industry refers to the arena in which specialist investment firms, including private equity houses and hedge funds, facilitate the creation of credit to the traditional banking sector on a lightly regulated scale.
03/09/2012
With Net Profit of DKK 618 Million, the Investment Specialist Stays on the Course From the Previous Record Year