07/31/2014

BNP Paribas Reports Record $5.79 Billion Quarterly Loss

The Group has a rock-solid balance sheet with high solvency and significant liquidity reserves. Serving the needs of clients all over the world, the Group plays an active role in financing the economy and is preparing the bank for the future.”

07/30/2014

BNP CEO Bonnafe Seeks to Put Mark on Bank After U.S. Penalty

Now, having navigated France’s largest bank through the worst crisis in its history -- with BNP this week set to post its biggest quarterly loss on record U.S. fines -- Chief Executive Officer Bonnafe, 53, is stepping to the fore.

07/28/2014

RBS advised to sell majority Ulster Bank stake

RBS commissioned the investment bank earlier this year to advise it on potential merger opportunities for Ulster Bank, the biggest bank in Northern Ireland and the third largest in the Republic of Ireland.

07/28/2014

UniCredit close to selling more private equity holdings

Daily Il Sole 24 Ore said on Sunday UniCredit was close to selling to a vehicle controlled by SwanCap Partners a significant part of its remaining 1.5 billion euro (1.1 billion pounds) private equity investment portfolio, along the lines of a similar 1 bi

07/25/2014

ING Banker Died in Ukraine Crash at 50

The family was among 13 inhabitants from Hilversum who perished in the plane disaster. In an obituary in the newspaper NRC Handelsblad, Mayor Pieter Broertjes said, “It is terrible that they have been torn from our society in this way.”

07/21/2014

Cantor Fitzgeraled seeks global bolt-ons

Cantor Fitzgerald is looking to “aggressively” bulk up globally across asset management and investment banking, with the US brokerage setting its sights on acquisition targets on both sides of the Atlantic.

07/21/2014

French banks’ dominance in trade finance weakens

The world’s top trading houses appear to be quickly turning into commodity finance banks, by lending billions of dollars to clients as a decades-long dominance of French banks shrinks.