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Egan-Jones Downgrades U.K. Amid Banking Fears

Egan-Jones, a relatively small credit rater, cut the U.K. to “AA-" from “AA” and left a “negative” outlook on the country.

SMFG acquires aircraft-leasing arm of British bank

The aircraft leasing industry expects the demand for commercial aircraft to continue to grow steadily, underpinned by the increasing volume of air travellers on the back of the growth of emerging markets, especially in Asia

Europe and Asia Home to Weakest Global Banks

The world's weakest banks are concentrated in Europe and Asia, while the strongest financial institutions are based in Latin America, the Middle East and North America,

More European banks withdrawing capital from Asia

The eurozone debt crisis that has caused the rush from Asia is now engulfing Spain. Spain now sits at the top of a critical list of 12 economies ordered to carry out major reforms this year.

Deutsche Bank presents new co-CEO model at AGM

Deutsche Bank presents its new leadership duo to shareholders at the annual general meeting in Frankfurt on Thursday amid calls by industry chiefs to keep the country's flagship lender committed to Germany and the 'real economy.'

Credit Agricole says no plans to exit Greece

Sander also reiterated that Credit Agricole expects Greece to be able to keep the euro as its currency.

Barclays calls off sale of French and Italian arms

According to a source close to Barclays, the bank had been in advanced discussions for several months with a buyer of its French business, while talks on the sale of its Italian retail business were less advanced.

BofA Merrill hands FN100 banker Hoggett wider role

After adding leadership of Bank of America Merrill Lynch's Emea covered bonds team last year, Hoggett has now taken on additional responsiblity for short-term fixed income origination in that region, according to a spokeswoman for the bank.

BNP Paribas Targets Asia As Europe Rivals Pull Back

BNP Paribas SA, the biggest lender in France by market value, this week launched a cash-management service in Australia targeting multinational companies moving operations to the country, and for local clients with international activities.

LSE supported Italy banks' decision to sell stake

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.

Advisers will have to be more trustworthy

The new rules incorporate three new requirements.

Cameron: UK banks well regulated and capitalised

Last week, leading credit rating agency Moody's cut the score of 16 Spanish lenders amid ongoing fears about the Iberian nation's financial future.

HSBC may sell UK banks if new regulation too tough‎

HSBC may sell off its British bank branches if new regulation makes it impossible for them to meet the company's profit targets.

HSBC says it's already cut $2 billion in costs

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.

HSBC Targets Extra Revenue from Business Units

HSBC said it had sold or exited businesses through a total of 28 transactions since the beginning of last year and would continue to do so at a similar pace over the next two years. Mr

JP Morgan trading loss plays into critics' hands

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

Bad debts pressure ABN Amro's first quarter

This decline was mainly the result of an increase in loan impairments and a slight decrease in revenues

BofA Merrill Lynch Fund Manager Survey Finds Rising Investor Demand for Growth Stimulus

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

Barclays to sell French retail banking unit

The newspaper said HSBC and La Banque Postale could make an offer, without giving any indication of the source of its information.

HSBC No Longer World’s Local Bank

HSBC Holdings PLC’s huge exposure to emerging markets is leading Citigroup analysts to question why the U.K. bank isn’t being valued like one.

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