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StanChart sees early signs of EU banks deleveraging in Asia

The bank, which started life financing trade between Europe, Asia and Africa in 1853, expects its wholesale banking operations to drive future growth.

French banks 'cutting US staff'

A French banker based in the United States told Les Echos that the layoffs had been "particularly brutal" in the past few weeks.

Time for a British investment bank

First, some £40billion of ‘credit easing’ designed to get cheaper credit flowing to small and medium sized enterprises and, second, a boost for infrastructure spending to create jobs and investment in new capital projects.

Bank ring-fencing rule gives foreign banks advantage

Foreign banks could gain a competitive advantage over their British rivals as a result of a controversial change in the wording of Government proposals requiring UK-based banks to ring-fence their retail arms.

Bankers ready to sue if bonuses too small

One claim for £1.5m is understood to have already made its way into the system last year, after a banker believed their 2011 bonus was too low.

A critique of the financial sector and people's behaviour

First of all I may say that the essay was wrote on December of 2010 when the actual financial crisis was not in its worst stage but all the conclusions fits very well to some of the events that have happened in the last months and actually continue happe

How to save the global economy - tame the world's crazy currency system

During this global deleveraging, the major risk is that a currency and trade war might erupt as governments face public anger resulting from declining incomes and rising joblessness.

Euro will lose a country in 2012 as breakup begins - CEBR

CEBR said the likelihood of a euro breakup in the next decade has increased to 99 percent.

ANZ set sights on EU banks' Asian assets

IN the countdown to the close of 2011, with European banks caught in an ugly pincer movement, ANZ Banking Group chief executive Mike Smith began knocking on some doors.

Sumitomo Mitsui Eyes European Banks’ $90 Billion in Asset Offers

“We’ll take time and go for it once we find what we want” Miyata said. “Loans for projects in North America and Asia are the areas we are interested in.”

HSBC May Save $1.5 Billion on Loss-Absorbing Capital Requirement

Chancellor of the Exchequer George Osborne said yesterday banks must sell securities capable of absorbing the equivalent of a minimum of 17 percent of risk-weighted assets worldwide, backing the recommendations of the Independent Commission on Banking.

Barclays Wealth set to enter 2012 overweight Europe

Barclays Wealth has said it will be entering the new year with an overweight position to Europe ex-UK.

Top French lender moves ahead with slimdown

The European Banking Authority said last week that Credit Agricole was the only one of France’s three main listed banks that didn’t need to increase its capital in order to comply with Europe’s new and more stringent banking rules.

Soc Gen names new panel with dozen firms winning places

The Paris-headquartered bank has also appointed a number of US firms to the panel including Jones Day, Paul Hastings Janofsky & Walker and Shearman & Sterling.

Survey shows most Scottish people want former RBS exec stripped of knighthood

The Angus Reid poll, carried out by Vision Critical, found a similar picture across the whole of the UK, with more than half saying Goodwin no longer deserved the title, which was bestowed at Buckingham Palace on the orders of then Prime Minister Tony Bla

Royal Bank of Scotland planning closure of half of its investment arm

Consultants from McKinsey & Co are advising on the restructuring, details of which were last week discussed at a meeting of the bank’s board.

IRB chairman welcomes HSBC Sevens World Series move to Glasgow

Glasgow will now host the penultimate round of the Series from May 5 and 6 next year and the Lapasset, recently re-elected as chairman of the IRB for another four-year term, has expressed his delight.

Lloyds battles to keep Scottish TSB brand in sale of branches to Co-op

The Co-op was last week named the preferred bidder over NBNK Investments for a package of branches, including the 185 Lloyds TSB Scotland outlets north of the Border.

Top US bank poised for massive job cut as exposure to Euro crisis weighs ops down

New York City is bracing itself for more job cuts on Wall Street as banks face a still sluggish US economy, the prospect of a recession in Europe and tougher capital requirements.

Deutsche Bank To Sell Asset Management Unit

Positions will go across all layers of the business and geographies, said Morgan Stanley. The bank, which employs just over 60,000 people including several thousand in the City of London, has seen its shares tumble by almost half this year as investors wo

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