01/27/2012
Invesco profit rises 15pc on deposits, litigation settlement
Net income increased to $202.3 million, or 44 cents a share, from $175.2 million, or 37 cents, a year earlier, Atlanta-based Invesco said in a statement today.
01/27/2012
Net income increased to $202.3 million, or 44 cents a share, from $175.2 million, or 37 cents, a year earlier, Atlanta-based Invesco said in a statement today.
01/26/2012
Chief executive Federico Ghizzoni is raising money to boost capital and comply with European Banking Authority targets.
01/26/2012
Client assets increased almost 11 percent to 72 billion francs in 2011 following the acquisition of ABN Amro Group NV’s Swiss wealth-management unit, UBP said on its website today.
01/24/2012
ECB President Mario Draghi said last week he expects demand for loans next month to be “still very high,” though “probably lower than in December.”
01/24/2012
Banks including Goldman Sachs Group Inc. and Morgan Stanley cut bonuses after anxiety about Europe’s sovereign-debt crisis helped depress profits and share prices last year.
01/24/2012
Germany and France seek relaxation of bank capital rules-FT
01/24/2012
Nordea Bank AB, the Nordic region’s largest lender, said fourth-quarter profit rose 2.1 percent as higher income from lending offset rising losses on bad loans.
01/23/2012
The merger of the two largest private sector banks in Greece is “a game-changer decision of historic proportions which enhances the ability of the country to overcome the crisis, stabilizes the banking system and sends a positive message regarding t
01/22/2012
RBS is selling Hoare Govett and its wider cash equities, equity underwriting, and mergers and acquisition businesses as part of a restructuring of its global banking and markets (GBM) business.
01/22/2012
Mariani also said talks with Royal Bank of Canada about the sale of Dexia’s 50 percent stake in their joint venture RBC Dexia Investor Services are nearing completion.
01/20/2012
In the words of a recent recruit – it’s the biggest bank you’ve never heard of.
01/19/2012
Citi's rivals JPMorgan Chase and Bank of America have Europe problems, too, but they also have U.S. branch networks about five times the size of Citi's. And bank business in the U.S., like the economy, is improving.
01/19/2012
PricewaterhouseCoopers Regains Leadership Position In 2011
01/19/2012
Risk Appetite Back to Pre-Third Quarter Crisis Levels
01/18/2012
Having fired more employees than in any other country last year, the capital’s banks are facing falling trading revenue, attacks from politicians to reduce pay and more job cuts.
01/17/2012
HSBC has an employee attrition rate of 10% annually, and replacing those staff forms part of the new hiring, an HSBC spokesman said. HSBC currently employs 296,000 staff globally.
01/17/2012
RBS, the U.K.’s largest state-owned lender, last week said it will sell or close its unprofitable cash equities, mergers advisory and equity capital markets units.
01/17/2012
The number of investment bankers sacked or suspended for failing to comply with regulatory rules has doubled in the two years since the Lehman Brothers crash, official figures show.
01/17/2012
Net income rose to 655 million riyals ($175 million) from 397 million riyals a year earlier, the Riyadh-based lender said in a statement to the Saudi bourse today. The mean estimate of seven analysts was for a profit of 654.4 million riyals, according to
01/17/2012
Societe Generale Securities Services (SGSS) has received nine major ratings, covering six countries, from Global Custodian Magazine* in its 2011 “Agent Banks in Emerging Markets” Survey.