01/16/2012
The sale will enable Coris Bank International, a privately held Burkinabe bank, to become the largest shareholder in BIA-Niger, the West African nation's oldest financial institution, which began operations in 1944.
01/16/2012
Royal Bank of Scotland is in talks to sell its mergers and acquisitions business in the Middle East and cut some jobs as part of a global restructuring at the U.K. bank, its regional head said on Monday.
01/12/2012
Dagmar Dvorak, co-manager of the Global Bond trust, has assumed responsibility for the fund during the consultation period.
01/12/2012
The news that France's second-biggest lender is eyeing a "significant" fall in investment banking revenue for 2012 and has decided to exit or deeply cut several businesses is the latest dollop of pain for investment banks worldwide after bu
01/12/2012
A crisis troubleshooter for Merkel since the collapse of Lehman Brothers Holdings Inc. in 2008, Asmussen brings his experience in bailout politics to the European Central Bank.
01/11/2012
Arbuthnot announced plans in July for a JV through Secure Trust Bank (STB), its listed subsidiary in which it retains a 75 per cent stake, as well as an unnamed partner.
01/11/2012
Pointing to bonds sold by Barclays and Lloyds Banking Group since the start of the year, the analysts said both banks had to pay a very high price to access the debt markets.
01/11/2012
The Swiss investment bank still expects these countries to outperform industrialised nations but at a slower annualized real growth rate of 5% or less in the first half of 2012, compared with 7-8% at its peak and 5.5% last year, thanks to a moderation in
01/09/2012
Dividends and bonuses for 2011 will also be lower, he added.
01/09/2012
RBS spokesman Michael Strachan declined to comment on the report when Bloomberg called him today.
01/09/2012
Combined turnover increased 13% to €4.5bn (£3.7bn) for the year ended 30 September, compared to €4bn in 2010.
01/06/2012
But announcements of more than 125,000 job cuts last year mean bankers will find it harder to use their traditional excuse that they need to pay out big bonuses to retain top talent.
01/06/2012
A deal would allow RBS to save the costs of firing the unit’s 30 or so employees, said the people, who declined to be identified because the talks are private.
01/05/2012
Officials at Lazard and Edinburgh-based RBS declined to comment.
01/05/2012
People close to RBS tell me it has appointed Lazard, the investment bank, in recent days to handle an auction of swathes of its global banking and markets (GBM) division.
01/05/2012
The job cuts – combined with an expected £1bn-2bn of restructuring costs – are the worst-case scenario in plans being considered by Stephen Hester, RBS’s chief executive, who finally accepted in November that the investment bank th
01/05/2012
The bank, which started life financing trade between Europe, Asia and Africa in 1853, expects its wholesale banking operations to drive future growth.
01/03/2012
A French banker based in the United States told Les Echos that the layoffs had been "particularly brutal" in the past few weeks.
01/03/2012
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.
01/03/2012
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.