07/26/2012

CaixaBank profit dives 80pc

Caixabank SA , Spain's third-biggest lender by market value, said Friday its first-half net profit sank 80% as it set aside a big chunk of income to cover losses on its real estate assets.

07/26/2012

Profits drop at Bradford & Bingley ‎

UK Asset Resolution Limited which incorporates Bradford & Bingley plc and Northern Rock plc today issued its half year results for the six months ended 30 June 2012.

07/25/2012

Lloyds kicks off results season for Britain's battered banks

‘These half-year results show a continuation of what we delivered in the first quarter: significant balance sheet reshaping and another resilient performance against a backdrop of economic challenges and a lack of public confidence in our industry.

07/25/2012

Regulators slap capital charges on derivatives

The G20 countries agreed just after the collapse of U.S bank Lehman Brothers in 2008, in which opaque derivatives played a part, that dealers should clear contracts where possible to aid transparency.

07/25/2012

Santander reports 51% profit decline

The decline is a result of setting aside EUR 1,304 million for provisions for real estate exposure in Spain of the second quarter ordinary profit of EUR 1,404 million.

07/24/2012

New York Life, Macquarie Are Said to Vie for Dexia Unit

“There’s a general tendency to move toward lower-capital, fee-based models so that might explain the appeal for strategic buyers,” said Matthias de Wit, a Brussels-based analyst at Petercam SA. “Still, it’s a tricky market to

07/23/2012

Competition heats up between trusts

The UK’s array of closed-ended investment trusts have long been known to outperform, on average, their better known, and much better funded, open-ended fund peers.

07/23/2012

Assets under management grow at MAM Funds

This was despite the significant headwinds that the fund management industry faced in the period. As at 30 June 2012 the Group's assets under management were £1,724m - an increase of £58m (3.5%) on the 2011 year end position. This include

07/22/2012

BNP Paribas unit to shutter operations by year-end

Christian Dargnat, chief investment officer of BNPP IP, says the decision was taken “due to the impact of market volatility”, which has seen OAM lose “very big mandates” and its profitability fall.