01/03/2012
During this global deleveraging, the major risk is that a currency and trade war might erupt as governments face public anger resulting from declining incomes and rising joblessness.
01/03/2012
CEBR said the likelihood of a euro breakup in the next decade has increased to 99 percent.
01/02/2012
IN the countdown to the close of 2011, with European banks caught in an ugly pincer movement, ANZ Banking Group chief executive Mike Smith began knocking on some doors.
12/30/2011
“We’ll take time and go for it once we find what we want” Miyata said. “Loans for projects in North America and Asia are the areas we are interested in.”
12/20/2011
Chancellor of the Exchequer George Osborne said yesterday banks must sell securities capable of absorbing the equivalent of a minimum of 17 percent of risk-weighted assets worldwide, backing the recommendations of the Independent Commission on Banking.
12/20/2011
Barclays Wealth has said it will be entering the new year with an overweight position to Europe ex-UK.
12/19/2011
The European Banking Authority said last week that Credit Agricole was the only one of France’s three main listed banks that didn’t need to increase its capital in order to comply with Europe’s new and more stringent banking rules.
12/19/2011
Soc Gen names new panel with dozen firms winning places
The Paris-headquartered bank has also appointed a number of US firms to the panel including Jones Day, Paul Hastings Janofsky & Walker and Shearman & Sterling.
12/19/2011
The Angus Reid poll, carried out by Vision Critical, found a similar picture across the whole of the UK, with more than half saying Goodwin no longer deserved the title, which was bestowed at Buckingham Palace on the orders of then Prime Minister Tony Bla
12/19/2011
Consultants from McKinsey & Co are advising on the restructuring, details of which were last week discussed at a meeting of the bank’s board.
12/19/2011
Glasgow will now host the penultimate round of the Series from May 5 and 6 next year and the Lapasset, recently re-elected as chairman of the IRB for another four-year term, has expressed his delight.
12/19/2011
The Co-op was last week named the preferred bidder over NBNK Investments for a package of branches, including the 185 Lloyds TSB Scotland outlets north of the Border.
12/16/2011
New York City is bracing itself for more job cuts on Wall Street as banks face a still sluggish US economy, the prospect of a recession in Europe and tougher capital requirements.
12/16/2011
Positions will go across all layers of the business and geographies, said Morgan Stanley. The bank, which employs just over 60,000 people including several thousand in the City of London, has seen its shares tumble by almost half this year as investors wo
12/15/2011
The bank says the rationale behind the move is that emerging markets represent a 45% share of wallet of global FX industry revenues.
12/09/2011
At least one—the Central Bank of Ireland—is evaluating whether it needs to secure additional access to printing presses in case it has to churn out new bank notes to support a reborn national currency, according to people familiar with the mat
12/09/2011
After getting stung by the U.S. financial crisis that accompanied the recent recession, companies are bracing for a possible worsening of Europe's debt crisis that could make it harder to borrow money.
12/09/2011
Stress tests by the European Banking Authority gave British lenders a clean bill of health but showed a shortfall on the Continent of €114.7billion (£97.8billion).
12/09/2011
Standard Chartered's corporate finance and wealth management divisions have been its weakest performers.
12/09/2011
Partner Barry Norris has introduced around 3 per cent exposure to Banca Intesa, BNP Paribas and UBS, which marks the fund’s first eurozone bank exposure in four years.