11/30/2011
Two global banking giants hit hardest by bank levy increase
HSBC had previously said it thought the levy would cost it about $600m in its first year, while Standard Chartered had estimated an impact of $190m.
Investment Banking
11/29/2011
French bank mulls disposal of US asset mgmt business
Los Angeles-based TCW, which had $114 billion in assets under management as of Sept. 30, may be valued at about $1 billion, one person said.
11/29/2011
B of I sells discounted loans to Tokyo bank
The announcement came as French bank BNP was said to be considering selling a private-equity portfolio. This could be worth more than $700 million, according to the Financial Times .
11/29/2011
Euro banks need to deleverage
If correct, the estimate means that Europe faces a severe credit crunch even if its political elites agree to issue jointly guaranteed bonds and the ECB launches quantitative easing.
11/28/2011
Europe’s single currency may unravel before action - UBS
European bonds slumped after Germany failed to draw bids for 35 percent of the offered amount at an auction of 10-year bunds this week, stoking concern the region’s debt crisis is infecting even the safest sovereign securities.
11/28/2011
Global banking giant reopens rep office in Libya
The bank closed the office in February as a result of the unrest.
11/25/2011
German banks want more time to raise capital
German banks appealed Thursday for more time to submit plans on raising their cash reserve levels to meet strict new capital requirement rules, according to a letter seen by AFP on Thursday.
11/25/2011
Banks said to be stepping up efforts to sell Versatel loan
Banks are offering several institutional investors deeper discounts to get rid of lingering exposure at a loss.
11/24/2011
Vickers making London a less attractive financial hub
HSBC's Flint was criticising Vickers’ proposal that banks be required to issue billions in bail-in bonds – debt that can be written down in the event of their collapse.
11/23/2011
German bank mulls disposal of asset business
The selldown comes amid pressure to boost capital
11/23/2011
Capital-rich Canadian banks likely to acquire ailing US lender
Jefferies is struggling amid its exposure to risky European sovereign debt
11/23/2011
Top US bank nears deal to acquire MF Global's LME stake
The acquisition comes after MF Global filed for bankruptcy protection in October
11/22/2011
UK lenders ordered to cease Iran operations
Meanwhile, the United States is expected to exercise more control over Tehran's nuclear program
11/22/2011
Top Zurich lender says to cut invt-banking workforce
The reduction is part of the bank's cost-cutting efforts
11/22/2011
State-run bank to dispose its asset mgmt unit
The firm expects to close the deal by first quarter of next year
11/21/2011
German banking giant could transfer financial contagion
You’ve probably never heard of Taunus Corp., but according to the Federal Reserve, it’s the U.S.’s eighth-largest bank holding company
11/21/2011
Bidders queue for MF Global LME stake: sources
JPMorgan is also lining up for the failed brokerage firm
11/21/2011
High-street UK banks offload forex loans to Indian firms
The disposals are part of the banks' efforts to preserve capital amid the credit crisis
11/18/2011
Two top-tier accountancy firms form alliance
Two top-tier accountancy firms form alliance
11/18/2011
J.P. Morgan opens branch in Warsaw
Global banking giant initiates expansion in Central and Eastern Europe