01/03/2012
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.
Investment Banking
01/03/2012
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
01/03/2012
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.
01/03/2012
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.
01/02/2012
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.
12/30/2011
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.”
12/20/2011
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.
12/20/2011
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.
12/19/2011
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.
12/19/2011
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.
12/19/2011
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
12/19/2011
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.
12/19/2011
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.
12/19/2011
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.
12/16/2011
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.
12/16/2011
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
12/15/2011
Top Swiss bank merges FX and EM fixed businesses
The bank says the rationale behind the move is that emerging markets represent a 45% share of wallet of global FX industry revenues.
12/09/2011
Banks prep for life after Euro
At least one—the Central Bank of Ireland—is evaluating whether it needs to secure additional access to printing presses in case it has to churn out new bank notes to support a reborn national currency, according to people familiar with the mat
12/09/2011
U.S. firms build cash buffer to European crisis in Q3
After getting stung by the U.S. financial crisis that accompanied the recent recession, companies are bracing for a possible worsening of Europe's debt crisis that could make it harder to borrow money.
12/09/2011
European banks ordered to raise £100bn of emergency funds
Stress tests by the European Banking Authority gave British lenders a clean bill of health but showed a shortfall on the Continent of €114.7billion (£97.8billion).