08/08/2012

Commerzbank Warns on Profit

Commerzbank said profit in the second half will probably be lower than in the first six months of 2012 as slowing economic growth leads to higher loan-loss provisions.

08/07/2012

Banca Aletti posts positive H1 results

"In a complex macroeconomic environment with very high volatility we managed to achieve significant results at the end of the first half. We are very satisfied," said chief executive Maurizio Zancanaro.

08/07/2012

Old Mutual profit up on S.African bank strength

Old Mutual, which runs insurance, banking and asset management businesses in about 30 countries, made an adjusted pretax operating profit of 791 million pounds ($1.24 billion) in the first six months of the year, it said on Wednesday.

07/31/2012

Societe Generale profit hit by write-downs‎

SocGen is "confident" it will hit its end-2013 target of a Basel III core Tier 1 ratio of between 9 and 9.5 per cent, Chief Executive Frederic Oudea said in a statement.

07/30/2012

BBVA Profit Plunges as Loss Provisions Soar‎

As of June 2012 and in accordance with international accounting criteria, BBVA had set aside €1.43 billion of the provisions related to real estate and included in the new legislation.

07/29/2012

HSBC Malta reports interim pre-tax profit of €53 million

HSBC Bank Malta plc came in with a “positive set of results” to June 30, reporting a pre-tax profit of €53 million, up six per cent over the first half of last year, and a “strong” return on equity of 17.8 per cent.

07/26/2012

Major French lenders to seek escape from Euro-exit risk

In a retreat, French banks, especially BNP Paribas SA (BNP) and Credit Agricole SA -- the largest by assets -- are trying to make their businesses in Italy, Spain, Greece, Portugal and Ireland less reliant on funds from the parent company.

07/25/2012

Austria launches sale of Kommunalkredit ‎

The bank, formerly owned by Oesterreichische Volksbanken and Dexia , was split up into a healthy part Kommunalkredit Austria and a "bad bank" called KA Finanz.

07/24/2012

Deutsche Bank to Raise Capital With Risk Cut

Deutsche Bank AG (DBK), Germany’s biggest bank, said it will reduce risk to meet a 2013 capital-ratio goal after second-quarter profit missed analysts’ estimates on expenses tied to a weaker euro.

07/23/2012

More UK banks to review sale of hedging products

Allied Irish Bank, Bank of Ireland, Clydesdale and Yorkshire banks, the Co-operative Bank , Northern Bank and Santander UK have now also agreed to participate in the FSA's review.