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.
03/26/2012
But he said the chancellor’s decision to also increase the banking levy – to 0.105 per cent of the value of banks’ global balance sheets from 2013, up from a charge of 0.088 per cent – could result in banks paying more tax rather t
03/21/2012
Prior to joining the Bank of China, Komasa worked for the Polish Information and Foreign Investment Agency (PAIiIZ), encouraging links between the two countries.
03/20/2012
Deutsche Bank has published its annual report for 2011.
03/19/2012
One source told Reuters BaFin felt Broeksmit did not have a sufficient leadership track record at Deutsche, which on Friday named three new members to its seven-member management board.
03/19/2012
Dexia has been seeking about 1.5 times Denizbank’s book value, people with knowledge of the process said last month.
03/16/2012
"The faster the government starts selling its stake, the better for everyone," RBS CEO Stephen Hester told Reuters on Thursday.