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Jefferies eyes Asia as European revenues slip

The US bank said in a filing on Monday that revenues in Europe for the six months to May 31 were $202.8m, down 15% on the $235m it made during the same time last year.

Investment Bankers Face Termination As Europe Fees Fall

Investment bankers in Europe are girding for a second wave of job cuts in less than a year after the euro area’s debt crisis drove fees from mergers and securities underwriting to a nine-year low.

Lloyds Banking nears loan-portfolio sale: report

The appointments are part of group chief executive Jonathan Polin’s change management programme, and what is described as an acknowledgement of the pair’s contribution in the group’s restructure.

BAILED-OUT Royal Bank of Scotland

A Sun investigation uncovered the plan which will be greeted with fury by angry taxpayers.

Ailing Britain's central bank turns money taps back on

There is no guarantee the new cash injection, which the bank linked directly to the worsening backdrop in the euro zone, will offer a major boost to an economy officially in recession since late last year.

Moody’s: Barclays could move away from investment banking

Moody’s highlighted that senior resignations, including chief executive Bob Diamond, chairman Marcus Agius and chairman of the securities industry and financial markets association Jerry del Missier, meant that shareholders had uncertainty “su

ECB moves to kill zombie bank financing

The ECB said Tuesday that it won’t accept any more government guaranteed bonds as collateral.

FSA bank chief Andrew Bailey warned Barclays over culture

Andrew Bailey, the head of the Financial Services Authority's bank supervision arm, was the senior regulator who warned Barclays' executives of failings in its culture, the Times reports.

ECB Tightens Lending Rules on Banks

In a statement on its website, the ECB said it would cap at current levels the amount of government-guaranteed debt that banks can post as collateral in return for its loans.

UK banks losing global clout to Chinese rivals

Chinese banks are steaming ahead of their UK and continental European counterparts in world rankings, according to findings released by The Banker magazine.

Helaba Takes Over S-Group Bank Business of WestLB

The S-Group Bank will be transferred with a goodwill of zero Euro.

HSBC Holdings is the only UK bank remaining in the global top-ten for tier-1 capital strength

UK banks continue to lose ground in terms of international strength and stature.

Global investment banking fee income falls 25%

The fees totalled nearly $14 billion in the second quarter, down from more than $18 billion in the first quarter of 2012. Year to date, fees have totalled $32 billion, down 25 percent from the same period in 2011.

Standard Chartered takes $700m annual hit for being based in UK

The Asian-focused bank, which is headquartered in London, is booking the hit to profits as the result of the bank levy, the cost of funding and other regulatory costs.

Sir Mervyn King criticises 'shoddy' treatment of customers by banks

The bank was hit with a fine of £290m by the Financial Services Authority for manipulating interest rates - while chairman Bob Diamond has faced calls to resign.

WestLB’s Fall From Grace Is Lesson in Investment Hazards

As of June 30, WestLB will cease to exist as part of European Union conditions tied to a total 17 billion euros ($21 billion) of aid to bail out the bank following the 2008 financial crisis.

Credit Agricole in Cheuvreux sale talks

French bank Credit Agricole is in talks to sell its loss-making Cheuvreux brokerage arm to financial services group Kepler Capital Markets, sources familiar with the matter said on Friday.

French bank Said Mulling Moving Loans to Belgium

The bank might move some loans in Italy and Spain to Belgium, in a bid to narrow a 40-billion-euro funding gap in those two countries, Bloomberg News reported Monday on its website, citing three unnamed sources.

Credit Agricole eyes Greek unit sale -FT

Citing two unidentified banking sources, the FT said on its website that National Bank of Greece, Alpha Bank and Eurobank EFG had indicated they were ready to make bids for Emporiki subject to getting approval from the Hellenic Financial Stability Fund.

Asian banks ready to acquire European banks' assets

Asian banks stand ready to pounce on assets of European banks if they are up for sale.

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