11/07/2012
France and Belgium to pump €5.5bn into struggling lender Dexia
Belgium will inject €2.92bn, or 53% of the total, with France providing the remaining €2.59bn
Investment Banking
11/06/2012
BNP Paribas doubles third-quarter profit, boosts capital
BNP Paribas doubled third-quarter net profit on the back of a bond-trading rebound and a drop in euro zone losses, helping it meet balance-sheet targets ahead of schedule despite the economic slowdown.
11/06/2012
RBS Traders Brace for Job Cuts as City of London Contracts
The equity derivatives floor at the state-backed bank is this week facing substantial job cuts as part of the merger between the derivatives business and the investor products side of the investment bank.
10/30/2012
Investment banking is a gamble, Kweku Adoboli tells court
Kweku Adoboli, the UBS “rogue trader”, denied gambling away the bank’s money, claiming if his actions amounted to gambling then all investment banking was just a game of chance.
10/29/2012
Doha Bank eyes London share sale to boost capital-sources
The lender, part-owned by the Gulf state's sovereign wealth fund
10/29/2012
Investment banking buoys Deutsche Bank
Deutsche Bank has reported flat profits for the three months to September that still beat analyst expectations.
10/29/2012
Danske to Sell $1.2B in Shares, Cut 3,000 Jobs
Danske Bank reported a third- quarter profit as Denmark’s largest lender unveiled plans to cut 3,000 jobs and sell 7 billion kroner ($1.2 billion) in shares in order to boost capital buffers.
10/28/2012
Deutsche Bank Beating UBS in Investment Bank Revival Sign
That may help the Frankfurt-based lender boost its share of investment banking revenue among the world’s largest banks for the first time in a year when it reports earnings tomorrow.
10/25/2012
Qatar expanding in to European banks
"Europe suffers from economic recession and aims at attracting foreign investors, and Qatar is one of the countries that can benefit from these opportunities.”
10/24/2012
SEB Q3 profit rises on below-forecast loan losses
"Operating profit was robust in a quarter characterised by increased uncertainty. Operating income grew five per cent compared to a year ago," says Annika Falkengren, SEB's President and CEO, commenting on the third quarter 2012 result.
10/23/2012
UBS ready to take axe to investment bank
Executives of the bank were locked in a board meeting in New York on Tuesday to thrash out details of the plan.
10/23/2012
Societe Generale to exit local investment firm
The move is part of SocGen’s efforts to speed up its rejig, shifting its focus off non-strategic assets. The French bank does not expect the deal to affect ratios and results materially.
10/18/2012
Raiffeisen won't withdraw from Hungary: CEO
Banks operating in Hungary have been hit by a sector-wide tax that burdened their operations between 2010 and 2013, but the government earlier pledged to halve the tax in 2013. It said Wednesday it would keep the tax at its present level in 2013.
10/15/2012
HSBC Global Banking and Markets wins top prize
"We are working in an operation that since 2007 has pursued a strategy and business model that has recognised both the dominant economic trends and the evolving needs of our customers."
10/09/2012
The Intruders crash investment banking awards dinner
The awards dinner run by The Banker magazine is billed as 'the Oscars of the investment banking industry'
10/09/2012
UBS And Barclays Are No Longer Top Global Brands Among Banks
The popularity of the world’s biggest banks has been declining
10/09/2012
Millions plan to drop their financial adviser when upfront costs rocket next year
A radical overhaul of the way consumers pay for investment advice
10/08/2012
RPT-Selling Irish business not an option - KBC CEO
It is presently not an option to sell our Irish business
10/07/2012
RBS Faces New Shake-Up
The Royal Bank of Scotland is under pressure from a government body to shrink its global investment arm.
10/04/2012
Bank Says Temasek Misread U.K. Rules
To register its unhappiness with the bank, Temasek abstained from voting for the re-election of the nonexecutive directors to its board in May, a person familiar with the investment company said.