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.
Investment Banking
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
02/13/2013
Santander closes advice arm as FSA investigates failings
Investigation follows mystery shopping exercise examining quality of advice in retail banking.
02/13/2013
BNP Paribas begins overhaul after fourth quarter profit drop
This year, the Group completed its plan to adapt to new regulations ahead of the schedule announced
02/13/2013
Strong performance in Eastern Europe boosts KBC Q4 results
KBC ended the last three months of 2012 with a net profit of 240 million euros, compared with a net profit of 531 million euros in the previous quarter and 437 million euros in the year-earlier quarter.
02/12/2013
SocGen Swings to Fourth Quarter Loss, Pledges Cost Savings
France's No. 2 listed bank racked up a quarterly net loss of 476 million euros
02/12/2013
Japanese financial services firm in talks to buy Dutch asset manager Robeco
It is still under negotiations, still too early to talk about any detail that has been decided
02/12/2013
BNP Paribas seen posting 30 percent rise in fourth-quarter profits
BNP's management has said it is aiming to grow operations in the U.S. and Asia while cutting costs at its domestic retail operations.
02/10/2013
Cantor Fitzgerald buys Seymour Pierce out of administration
Seymour Pierce, one of London’s oldest brokers has been bought out of adminstration, after the 130-year-old business became the latest casualty of tough trading conditions for smaller firms.
02/10/2013
Commerzbank chairman fires warning shot at CEO over goals
"One thing is clear: if the board misses its targets without a convincing reason and fails to deliver the performance expected of it, then the supervisory board must act."
02/07/2013
Banca Generali posts net inflows of 207 mln euros in January
Italy's asset manager Banca Generali said its net inflows rose in January to 207 million euros
02/07/2013
Germany's Commerzbank, Thailand's Kasikornbank Sign Cooperation
MAIN FACTS
02/07/2013
American financial services group seeking to rescue Seymour Pierce
Seymour Pierce, which traces its name back to 1883, employs 80 people and is best known for advising on the sale of Premier League football clubs, including the 2003 acquisition of Chelsea by Roman Abramovich.
02/07/2013
Barclays defers investment bank bonuses
More than 1,000 investment bankers at Barclays have been told they will not receive up-front cash bonuses this year.
02/07/2013
BNP Paribas Securities Services opens new office in Dublin - centre of excellence for fund servicing
BNP Paribas Securities Services in Ireland has operated as a centre of excellence for the servicing of investment funds since 2001, offering a wide range of solutions including global custody and fund administration.
02/05/2013
RBS investment banking head to step down
The news comes as fines for RBS over Libor are set to be announced which could total half a billion pounds.