12/06/2011
Lawyers wrangle over RBS 'gamble'
The bank's former directors include Sir Tom McKillop, who was RBS's chairman, and Sir Fred Goodwin, who orchestrated its expansion as chief executive.
12/06/2011
The bank's former directors include Sir Tom McKillop, who was RBS's chairman, and Sir Fred Goodwin, who orchestrated its expansion as chief executive.
12/06/2011
The amount of the deal with Bank Republic was not disclosed
12/05/2011
For most front office bankers, bonuses are set to fall sharply and reward pools could shrink by up to 70 percent after a turbulent six months for markets.
12/05/2011
KPMG picked up the Audit Award of the Year for its work with a new client, with the judges recognising that the firm had provided “innovative ways of adding value” and done so quickly.
12/05/2011
Two other senior executives are left out
12/01/2011
While Deutsche Bank prefers to sell the division as a whole, the Frankfurt-based lender would also consider bids for parts of the unit, they said.
11/30/2011
HSBC had previously said it thought the levy would cost it about $600m in its first year, while Standard Chartered had estimated an impact of $190m.
11/29/2011
Los Angeles-based TCW, which had $114 billion in assets under management as of Sept. 30, may be valued at about $1 billion, one person said.
11/29/2011
The announcement came as French bank BNP was said to be considering selling a private-equity portfolio. This could be worth more than $700 million, according to the Financial Times .
11/29/2011
If correct, the estimate means that Europe faces a severe credit crunch even if its political elites agree to issue jointly guaranteed bonds and the ECB launches quantitative easing.
11/28/2011
European bonds slumped after Germany failed to draw bids for 35 percent of the offered amount at an auction of 10-year bunds this week, stoking concern the region’s debt crisis is infecting even the safest sovereign securities.
11/28/2011
The bank closed the office in February as a result of the unrest.
11/25/2011
German banks appealed Thursday for more time to submit plans on raising their cash reserve levels to meet strict new capital requirement rules, according to a letter seen by AFP on Thursday.
11/25/2011
Banks are offering several institutional investors deeper discounts to get rid of lingering exposure at a loss.
11/24/2011
HSBC's Flint was criticising Vickers’ proposal that banks be required to issue billions in bail-in bonds – debt that can be written down in the event of their collapse.
11/23/2011
The selldown comes amid pressure to boost capital
11/23/2011
Jefferies is struggling amid its exposure to risky European sovereign debt
11/23/2011
The acquisition comes after MF Global filed for bankruptcy protection in October
11/22/2011
Meanwhile, the United States is expected to exercise more control over Tehran's nuclear program
11/22/2011
The reduction is part of the bank's cost-cutting efforts