05/24/2012
Advisers will have to be more trustworthy
The new rules incorporate three new requirements.
Investment Banking
05/23/2012
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.
05/18/2012
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.
05/17/2012
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.
05/17/2012
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
05/16/2012
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
05/16/2012
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
05/16/2012
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
05/15/2012
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.
05/15/2012
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.
05/14/2012
UniCredit’s Vita Wants Bank to Take Leadership Role in Europe
UniCredit may expand in the countries where it operates in a bid to play a “leadership role” in Europe, new Chairman Giuseppe Vita said.
05/11/2012
Barclays Seeks 25% Revenue Growth in Middle East, Africa
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
Europe banks' commodity units shrink despite profits
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 Quarterly Net Rises 13%
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 First-Quarter Net Drops 75% on Greek Losses
Credit Agricole SA, France’s third- largest bank by market value, said first-quarter profit dropped 75 percent, hurt by Greek losses.
05/11/2012
JPMorgan Said to Discuss $2 Billion Trading Loss With FSA
JPMorgan Chase & Co. (JPM) is in discussions with the U.K.’s financial regulator over the role London employees had in a $2 billion trading loss, according to two people familiar with the talks.
05/10/2012
HSBC welcomes François Hollande's first steps – but with caution
Mr Gulliver is the first major UK chief executive to discuss having a socialist running the Élysée Palace.
05/10/2012
CIC Stops Buying Europe Government Debt on Crisis Concern
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 Profit Hit By Ireland Exposure
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.
05/09/2012
Polish lender's net profit jumps 44pc
The bank's net fee income rose 7% to PLN222 million, while costs dropped to PLN392.1 million.