04/13/2012
JP Morgan, the first Wall Street bank to report results in this closely watched earnings season, has revealed a surprise increase in revenue to $27.4bn even as legal bills and debt pinched first quarter earnings.
04/12/2012
One certainly hopes bank regulators are on top of the trading positions of the Whale or, for Harry Potter fans, "Voldemort" (He Who Shall Not Be Named) or, for those with a fetish for real names of real people, Bruno Iksil.
04/12/2012
The government has ruled out more state aid for a sector that comprises a motley mix of international lenders and heavily indebted local savings banks. That leaves two options: raising private capital or turning to the EU for bailout funds.
04/05/2012
In total, RBI has won this prestigious distinction eight times in nine years.
04/03/2012
Lenders in the Nordic nation have “good” liquidity and “sound” solvency, with the core Tier 1 capital ratio at 13.1 percent at the end of last year, the regulator said.
04/03/2012
Entwistle, who spent much of his career at private bank Adam & Co and helped sell the firm to Royal Bank of Scotland (RBS.L) in 1993, said he planned to issue a prospectus this week to get more funds from potential investors.
03/30/2012
The preliminary results come as the group signed a £70m deal to sell to private equity firm AnaCap its international division, which comprises its trustee and corporate services in Jersey, Cyprus, Switzerland and the Isle of Man.
03/29/2012
Is the European Central Bank Still Solvent?
In addition to Deetz and Papadia, the debate panelists will include David Marsh, Co-Chairman of OMFIF; Cornelia Meyer, Chairman and CEO of MRL Corporation Francesco; and John Nugee, Vice-Chairman of the OMFIF Advisory Board and Senior Managing Director of
03/29/2012
Ulster Bank to remain part of RBS
The British government has held talks with an Abu Dhabi-based sovereign wealth fund over a sale of a portion of its 82% stake in RBS.
03/29/2012
Barclays most complained about bank
Lloyds TSB was the country's second most complained to bank, receiving a total of 422,830 complaints last year, of which 240,923 came in the second half, again as a result of rising PPI claims.
03/29/2012
Financial complaints up by 21%, says FSA
The number of complaints rose by 21% compared with the previous six months, the Financial Services Authority (FSA) said.
03/29/2012
French bank Natixis faces tests to winning streak
While Natixis's stock is trading far below the frothy levels of its 2006 listing, which lured big-name investors like poker-playing hedge-fund star David Einhorn, it is the only French bank to outperform European rivals since the end of 2009 when new
03/29/2012
Deutsche Bank reclaims European crown from BNP Paribas
Assets at the Frankfurt-based company rose 14% to 2.2 trillion, or $2.9 trillion, in 2011, making it the largest publicly-traded bank in Europe for the first time in five years, according to Bloomberg data.
03/29/2012
RBI Posts Pre-Tax Profit of € 1.4bn
Despite a challenging economic environment, RBI thus managed to achieve its highest annual pre-tax profit since the start of the financial crisis in 2008.
03/29/2012
BNP, SocGen make strides in shedding assets
"Our No. 1 priority remains our implementation of our deleveraging plan," Bonnafe said in a presentation at a Morgan Stanley conference in London, which was webcast. "All in all, we have already achieved 70 percent of the plan."
03/28/2012
The banking giant said the decision is a direct result of the continuing five-filter portfolio review announced last year.
03/28/2012
He added the retail business had also had a good start to the year.
03/28/2012
Net income fell to 114 million euros ($152 million) from 321 million euros a year earlier, the Milan-based company said in a statement Tuesday.
03/27/2012
The unit will be led by Pierre-Yves Bonnet, currently global head of strategic and acquisition finance at the bank, said the people, who declined to be identified because the plans are private.
03/26/2012
A wealthy Russian banker remains "critical but stable" under armed guard in hospital today after being gunned down in a suspected assassination attempt.