03/12/2013
Italian Intesa Sanpaolo returns to profit in 2012
Adjusted income for the full year came to 1.47 billion euros, slightly higher than the 1.45 billion euros earned in 2011.
Investment Banking
03/11/2013
Commerzbank eyes £5bn UK property sale
Blackstone, Lone Star and Starwood Capital have expressed interest in buying all or part of Eurohypo
03/07/2013
JPMorgan to change European income trust mandate
JPMorgan Asset Management set to remove the UK from European income trust mandate
03/06/2013
N+1 launches investment banking activity in Germany
In 2012, the investment banking division of N+1 Group closed 78 transactions in the UK, Spain, Italy, France and Turkey.
03/05/2013
ING completes sale of UK unit to Barclays
As announced on 9 October 2012, the transaction is a result of ING's continuous evaluation of its portfolio of businesses and is in line with ING's strategic objectives of sharpening the focus of the bank and further strengthening its capital po
03/03/2013
BNP to boost Africa investment banking business
BNP, which is also eyeing an expansion drive in Asia, has changed its regional business model to focus more on advisory rather than just lending for big projects, said Jean-Christophe Durand, the bank's chief executive for the region.
02/24/2013
RBS plans cuts to investment bank in push to stem losses
The Royal Bank of Scotland is to reduce the size of its investment bank by as much as £30bn
02/24/2013
Barclays looks for £7bn to shore up balance sheet
The bank is drafting a resolution which will be put to shareholders at the annual meeting, so the board can issue the bonds.
02/24/2013
RBS to start selling stake in RI’s Citizens next week
Citizens’ future has been in question ever since U.K.-based RBS, which bought Citizens in 1988, was rescued by the British government in the fall of 2008 at the height of the financial crisis.
02/20/2013
Credit Agricole resigns as member of LME
The move follows the bank's announcement in December 2011 that it would stop trading commodities.
02/20/2013
Credit Agricole reports record loss
The bank is now planning a three-year turnaround plan to try to revive its fortunes.
02/20/2013
Dubai could learn from London to build Islamic finance hub
Dubai is aiming to become a global capital of the Islamic economy.
02/19/2013
European Banks in Midst of a ‘Multi-Year Transition’ says KPMG
Banks are re-designing themselves for the new world
02/19/2013
RBI posts consolidated profit of € 725 million in 2012
The fiscal year 2012 was marked by a number of one-off effects
02/19/2013
Santander cuts top directors' pay as profits slump
Botin, 79, still earned just over 3 million euros ($4 million) for last year, including bonuses in cash and shares of 1.4 million euros, some of which is deferred.
02/18/2013
Japanese Bank Buys Major Dutch Asset Manager
A key Dutch asset management firm is snapped up by a Japanese financial firm keen on expanding into Europe.
02/17/2013
Stifel closes deal to buy KBW in investment bank merger
KBW lost money last year but Kruszewski has defended KBW as ripe for growth as bank directors become more confident in the economy
02/14/2013
Wells Fargo Turns to U.K. as European Banks Retreat
Coming in now, when there is scarcity of capital, we can start to bank U.K
02/14/2013
Japan's Orix to buy Rabobank asset management arm for about $2.6 bln -sources
The deal will be the biggest acquisition ever by Orix
02/14/2013
Commerzbank to cut bonuses as profit 'unsatisfactory'
The bank is in the process of restructuring its business, which will involve the loss of up to 6,000 jobs by 2016