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Banca Generali Jan net inflows at 226 mln euros

Italian asset manager Banca Generali said on Wednesday its total net inflows in January amounted to 226 million euros, up 60 percent on the average of the last six months.

Commerzbank says sells non-performing Spanish mortgages

Since the beginning of 2013, the bank has halved the volume of non-performing loans in its Spanish commercial real estate portfolio from about 2 billion to roughly 1 billion.

Italian bank Veneto Banca in no hurry to seek merger: paper

The Italian banking sector has struggled under the weight of increasing bad loans during a two-year recession and four of its lenders plan capital hikes this year.

Lloyds' PPI mis-selling bill approaches £10bn

Lloyds Bank says it has set an extra £1.8bn aside for payouts to victims of PPI mis-selling, bringing total provisions to £9.83bn

Italy’s biggest bank could pocket €3.5bn from BoI’s stake sale

That means that Intesa and UniCredit, currently the central bank’s largest shareholders with stakes of 42 percent and 22 percent respectively, will have to sell the bulk of their stakes on the market or to the central bank — which can buy them

Intesa Sanpaolo plans to set up internal 'bad bank

Intesa Sanpaolo is working on plans to set up an internal bad bank to house a chunk of its 55 billion euros of gross non-performing loans ahead of stress tests by the European Central Bank

Nordea's profit in Estonia grew by 15% in 2013

The income of Nordea Estonia, part of a leading European financial group, grew by 8% in 12 months; the profits increased by 15%, the company announced on Wednesday, cites LETA.

Santander Profit Doubles on Lower Charges for Bad Loans

Banco Santander SA, Spain’s biggest bank, said fourth-quarter profit more than doubled as it made fewer provisions for bad loans and income increased in the U.K.

KBC Denies Report It is Considering Leaving Hungary

Austria's Raiffeisen Bank International AG (RBI.VI) decided earlier in January against selling its unprofitable Hungarian unit Raiffeisen Bank Zrt after local media reported that the government had been in talks with RBI about buying its local arm

Lloyds Cuts 1,080 Jobs As Barclays Slaps Travel Ban On Staff

Where it is necessary for employees to leave the company, it will look to achieve this by offering voluntary redundancy

RBS faces £8bn loss after adding £3bn for legal payouts

The fourth quarter is shaping up to be a bad period for banks – last week Deutsche Bank had to publish its figures early, surprising markets with made a loss of €1.2bn (£990m).

Credit Agricole agrees sale of Bulgarian unit

Credit Agricole said on Wednesday it had agreed to sell its Bulgarian division to Bulgarian bank Corporate Commercial Bank AD 6C9.BB for an undisclosed sum.

Barclaycard to overhaul T&Cs in customer experience drive

Barclaycard is overhauling the terms and conditions documents it sends to customers in a bid to make people “want” to read them, one of several changes in the pipeline aimed at improving transparency at the Barclays owned payment services bran

UK's Metro Bank raises $637 million to fund expansion

New British lender Metro Bank has raised 387.5 million pounds to fund its expansion plans by selling stock to institutional and private investors,

Standard Life scraps Sipp commercial property borrowing

Standard Life has shocked the Sipp market by removing a facility that allowed investors to borrow up to 50 per cent of their fund to buy commercial property in response to “challenging” market conditions.

Peripheral banks struggle after frenzy

Peripheral banks, which were greeted by frenzied investor demand last week, are struggling to breach the €1bn demand mark for their latest deals as buyers buckle under the weight of recent supply.

German banks urge clarity on contingent bond rules

Germany's commercial banks urged regulators on Friday to quickly clarify whether they can issue billions of euros in bonds to fulfil new capital requirements aimed at limiting the damage from future financial crises.

Thousands more RBS staff face axe in £1bn cuts plan

ROYAL Bank of Scotland is preparing to cut thousands more jobs as it looks to reduce an estimated £1 billion of costs after suffering crippling losses.

Lord Burns steps down from Santander board

A former permanent secretary to the Treasury and current chairman of Channel 4, Lord Burns has enjoyed a string of high profile roles since quitting the public sector including a stint as chairman of Marks & Spencer.

Co-op Bank boss Flowers was right choice at time, says FCA

The deal was required after it emerged the bank faced a £1.5bn black hole. In addition to the bank's financial problems, it was hit by scandal when Mr Flowers was arrested for alleged drugs offences.

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