08/14/2012
In recent months it has become clear that many bankers misreported rates, either to benefit trading positions or provide a false picture of stability to regulators, undercutting the market function Libor was meant to perform.
08/13/2012
Standard Chartered was allowed to buy the whole of Credit Agricole Yatirim Bankasi Turk AS from its Montrouge, France- based parent, the Ankara-based regulator said on its website today.
08/12/2012
Perry Jones, a London-based spokesman for Barclays, declined to comment when contacted by Bloomberg News today.
08/07/2012
"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, 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.
08/06/2012
After factoring in reduced hedges, the bank had $4.18 billion in net exposure to those nations, up 73 percent from its $2.41 billion in exposure at March 31.
08/01/2012
Ministers are discussing a potential full nationalisation of RBS, which is already 82 percent owned by the government, to help boost business lending to companies.