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Ken Livingstone sparks anger with 'hang bankers' speech

A spokesperson for Livingstone insisted it was simply a joke.

Spain moves to ease bank merger fears

Banks in Spain, which have been encouraged by new legislation to swallow weaker rivals, will not be railroaded into “unnatural mergers” that would risk frightening international investors and draining foreign capital from the sector, the offic

HSBC, Deutshe Bank among 114 European institutions under Moody’s downgrade radar

Moody's said tonight it was reviewing some 114 European banks and financial groups, including many of the top firms, for a possible ratings downgrade because of the eurozone debt crisis.

RBS opens China Desk in London

Building on the similar blueprint that RBS established with the launch of their UK-based India Desk earlier this year, the China desk will offer expertise and guidance across the market, including regulatory insight and product support.

Deutsche Bank narrows asset manager bidders

Deutsche Bank has pared down the shortlist of potential investors vying to buy its asset management operations to fewer than 10, three sources close to the process said on Tuesday.

Fund managers ‘have work to do’ on responsible investing, says Mercer

Since 2008, Mercer has been assigning ESG ratings to investment strategies that span asset classes and geographic regions.

Banks Accept New Reality On Cash Payouts

Barclays Capital said on Friday it would cap the cash element of bonuses at GBP65,000, while Deutsche Bank will cap cash bonuses at EUR100,000 and stock awards exercisable this year at EUR100,000. Morgan Stanley is capping cash bonuses at $125,000.

Moment of Truth For Spanish Bank

Lender's Independence Seen at Risk From Spain's Cleanup Rules, Just Months After IPO

Crédit Agricole launches new financing model

Crédit Agricole is launching a new financing model in its corporate and investment bank which will allow France’s third-largest lender by market value to continue project and trade finance, despite upcoming unfavourable capital rules, accordi

Banco Santander gets heavily hit by the European debt crisis

The drop in quarterly profit weighed on the bank’s annual earnings, which fell 35 percent, to 5.35 billion euros ($7 billion), in 2011.

Stratton Street Capital LLP announces offshore Renminbi (CNH) and Swiss franc Currency Classes to the Renminbi Bond Fund

Stratton Street Capital LLP has announced the addition of two further currency classes to its Renminbi Bond Fund

Ex-RBS CEO Fred Goodwin Stripped Of Knighthood-Video

Prime Minister David Cameron and party leaders said it was the right decision.

Invista Foundation Property reports NAV and interim dividend

As at 31 December 2011, the negative mark-to-market of the Group's interest rate swaps was -£29.8 million, a reduction of £0.8 million or 2.7%. This represents 8.4 pps or 17.6% of the Company's NAV.

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.

UniCredit offers investors bonds buyback

Chief executive Federico Ghizzoni is raising money to boost capital and comply with European Banking Authority targets.

UBP incurs profit decline

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.

EU banks deepen dependence on unlimited central bank loans

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.”

Credit Suisse to use derivative-bond bonuses

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.

Germany and France seek relaxation of bank capital rules-FT

Nordea Profit Beats Estimates

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.

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