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.
03/16/2012
Joining a growing chorus of criticism, one of Europe's largest asset managers lashed out at Goldman Sachs Group Inc for not communicating quickly enough with clients after ex-banker Greg Smith publicly condemned the way the bank treats clients.
03/15/2012
It's not the way we do business," Dimon said in the memo, a copy of which was seen by Reuters.
03/12/2012
Meanwhile, Tefvik Bilgin, head of Turkey’s banking regulator BDDK, said late on March 8 that he was liverish by the delays in the sell-off procedures of lenders, calling for Dexia to finalize tle sale of Denizbank.
03/09/2012
The so-called shadow banking industry refers to the arena in which specialist investment firms, including private equity houses and hedge funds, facilitate the creation of credit to the traditional banking sector on a lightly regulated scale.
03/09/2012
With Net Profit of DKK 618 Million, the Investment Specialist Stays on the Course From the Previous Record Year
03/09/2012
Riksbank Governor Stefan Ingves said in an interview with Swedish daily Svenska Dagbladet that the profits made by Sweden's banks are good for the country's financial system.
03/08/2012
BBVA will also be shielded from most losses on Unnim’s real estate holdings, a spokesman for the Bilbao, Spain-based bank said in a telephone interview.
03/08/2012
By CEBR's calculations, Brazil's GDP totalled $2.469 trillion (£1.568 trillion) in 2011, while UK GDP was $2.420 trillion.
03/07/2012
RBS, which is 82-per cent owned by the government, has slashed about 34,000 jobs since it was bailed out by the state in 2008.
03/01/2012
London firms call on new Mayor to invest in the city
London First’s chief executive, Baroness Jo Valentine, said: “We expect the incoming Mayor to support measures that not only bring jobs and prosperity, but ensure that London is truly open for business.”
03/01/2012
BBVA has obtained authorization from the Central Bank of UAE to open a Representative Office in Abu Dhabi to provide support for the bank’s large customers and institutional clients.
02/29/2012
Santander and KBC to merge Polish subsidiaries
KBC chief executive Jan Vanhevel said the transaction was another major milestone in implementing the updated strategy the group agreed with the European Commission.
02/26/2012
3 Big European Banks Post Losses
Burdened by their exposure to Greek government debt and other damaged assets, Royal Bank of Scotland, Crédit Agricole in France and Dexia, a French-Belgian bank, all reported quarterly losses.
02/26/2012
Lloyds net loss surges to $4.4bn on exposure
A day after Royal Bank of Scotland (RBS) said its annual net losses had almost doubled, LBG reported that its loss after tax ballooned to £2.78 billion ($4.38bn) in 2011 from £320 million in 2010.