02/20/2012
Civil war breaks out at Royal Bank of Scotland
Current and former senior employees in GBM describe an organisation in turmoil, riven by power struggles even as managers are forced to fire thousands of staff.
02/20/2012
Ken Livingstone sparks anger with 'hang bankers' speech
A spokesperson for Livingstone insisted it was simply a joke.
02/17/2012
Spain moves to ease bank merger fears
Banks in Spain, which have been encouraged by new legislation to swallow weaker rivals, will not be railroaded into “unnatural mergers” that would risk frightening international investors and draining foreign capital from the sector, the offic
02/17/2012
HSBC, Deutshe Bank among 114 European institutions under Moody’s downgrade radar
Moody's said tonight it was reviewing some 114 European banks and financial groups, including many of the top firms, for a possible ratings downgrade because of the eurozone debt crisis.
02/17/2012
RBS opens China Desk in London
Building on the similar blueprint that RBS established with the launch of their UK-based India Desk earlier this year, the China desk will offer expertise and guidance across the market, including regulatory insight and product support.
02/15/2012
Deutsche Bank narrows asset manager bidders
Deutsche Bank has pared down the shortlist of potential investors vying to buy its asset management operations to fewer than 10, three sources close to the process said on Tuesday.
02/14/2012
Since 2008, Mercer has been assigning ESG ratings to investment strategies that span asset classes and geographic regions.
02/14/2012
Barclays Capital said on Friday it would cap the cash element of bonuses at GBP65,000, while Deutsche Bank will cap cash bonuses at EUR100,000 and stock awards exercisable this year at EUR100,000. Morgan Stanley is capping cash bonuses at $125,000.
02/10/2012
Lender's Independence Seen at Risk From Spain's Cleanup Rules, Just Months After IPO
02/06/2012
Crédit Agricole is launching a new financing model in its corporate and investment bank which will allow France’s third-largest lender by market value to continue project and trade finance, despite upcoming unfavourable capital rules, accordi
02/02/2012
The drop in quarterly profit weighed on the bank’s annual earnings, which fell 35 percent, to 5.35 billion euros ($7 billion), in 2011.
02/01/2012
Stratton Street Capital LLP has announced the addition of two further currency classes to its Renminbi Bond Fund
02/01/2012
Prime Minister David Cameron and party leaders said it was the right decision.
01/27/2012
As at 31 December 2011, the negative mark-to-market of the Group's interest rate swaps was -£29.8 million, a reduction of £0.8 million or 2.7%. This represents 8.4 pps or 17.6% of the Company's NAV.
01/27/2012
Net income increased to $202.3 million, or 44 cents a share, from $175.2 million, or 37 cents, a year earlier, Atlanta-based Invesco said in a statement today.
01/26/2012
Chief executive Federico Ghizzoni is raising money to boost capital and comply with European Banking Authority targets.
01/26/2012
Client assets increased almost 11 percent to 72 billion francs in 2011 following the acquisition of ABN Amro Group NV’s Swiss wealth-management unit, UBP said on its website today.
01/24/2012
ECB President Mario Draghi said last week he expects demand for loans next month to be “still very high,” though “probably lower than in December.”
01/24/2012
Banks including Goldman Sachs Group Inc. and Morgan Stanley cut bonuses after anxiety about Europe’s sovereign-debt crisis helped depress profits and share prices last year.
01/24/2012
Germany and France seek relaxation of bank capital rules-FT