04/03/2014
Rome. Italy’s second largest bank by assets Intesa SanPaolo opened talks with several leading distress debt investors for the sale of part of its non-performing loans worth EUR 27 billion, CEO Carlo Messina announced
03/27/2014
Sberbank, Russia’s biggest bank, posted a 4.1 per cent rise in full-year earnings, falling short of its own target as it increased provisions for loan-losses in a deteriorating economy.
03/19/2014
The remainder (46%) see smaller banks capturing share through increasing differentiation. Executives are also divided as to the threat posed by non-traditional new players: while 55% believe they pose a threat to traditional banks, 31% believe they presen
03/05/2014
Invesco Perpetual has changed the structure of charges across its investment company with variable capital funds to make them easier for investors, without increasing charges, Ian Trevers has said.
02/25/2014
RBS IS preparing to sack up to 30,000 workers in the coming years as it cuts down its investment banking arm even more radically, and focuses on UK retail banking.
02/25/2014
"This decentralised structure and closeness with borrowers led to careless lending, with no serious verification of the ability of the borrowers to repay their loans, and to a culture of non-repayment," the commission wrote.