05/25/2012
The two Italian banks that this week sold a combined 11.5 percent stake in the London Stock Exchange did so to cut debt, the LSE CEO said adding ties with Intesa Sanpaolo and UniCredit would continue to be close.
05/17/2012
The integration of its four pillar businesses has delivered US$500 million of additional revenue, the bank said, adding a further US$1.5 billion in revenue is expected in the short- to medium-term.
05/16/2012
Until last Thursday, Dimon had been able to use his position as chief executive of the biggest bank in the US to argue against proposed changes to regulation that would stop banks like JP Morgan using their own cash to take bets on financial markets throu
05/16/2012
Investors are looking for greater stimulus as expectations of economic growth have fallen further and as concerns about inflation have eased significantly . Only a net 15 percent of the panel expects the global economy to strengthen in the year ahead, do
05/11/2012
The Middle East and Africa generated about 5 billion pounds ($8 billion) of revenue for Barclays last year, about 15 percent of the global total, according to the London-based company’s annual report.
05/11/2012
The flow of talent from both European and U.S. banks, which began two years ago after a decade of boom, reflects a longer-term fall in profits and tighter regulation of the banking industry, which has given trading houses and hedge funds greater scope to
05/11/2012
UniCredit SpA, Italy's biggest bank, said first-quarter profit rose 13 percent as higher trading income related to the buyback of its securities offset a drop in fees and lending.
05/11/2012
Credit Agricole SA, France’s third- largest bank by market value, said first-quarter profit dropped 75 percent, hurt by Greek losses.
05/10/2012
Gao Xiqing, president of China Investment Corp., said the nation’s sovereign wealth fund has stopped buying European government debt on concerns about the region’s financial turmoil.
05/10/2012
KBC Groep NV, Belgium’s biggest bank and insurer by market value, reported a smaller-than-estimated drop in profit on capital gains in the Belgian life insurance business and lower loan losses in all regions except Ireland.