12/09/2011
Emerging markets lender hit by currencies
Standard Chartered's corporate finance and wealth management divisions have been its weakest performers.
Investment Banking
12/09/2011
Argonaut adds Euro banks in high-alpha fund
Partner Barry Norris has introduced around 3 per cent exposure to Banca Intesa, BNP Paribas and UBS, which marks the fund’s first eurozone bank exposure in four years.
12/08/2011
Britain Suffers as a Bystander to Europe’s Crisis
There is looming recognition at 10 Downing Street that if the euro falls, Britain will sink along with everyone else.
12/08/2011
Irish 'bad bank’ NAMA should be sold in one go
NAMA was set up as a “bad bank” in the midst of Ireland’s banking crisis to enable the country to create new banks unencumbered with toxic loans.
12/08/2011
UK chancellor tells banks to chop bonuses
Instead of reducing loans on their balance sheets, which could starve the wider economy of credit, they should build up their capital reserves, possibly by tapping shareholders, the FPC added.
12/07/2011
Hungary banks take FX hit, brace for more pain
The resulting income erosion has prompted the government to tackle what it has called "debt slavery".
12/06/2011
Lawyers wrangle over RBS 'gamble'
The bank's former directors include Sir Tom McKillop, who was RBS's chairman, and Sir Fred Goodwin, who orchestrated its expansion as chief executive.
12/06/2011
Top global bank's unit to dispose retail legacy portfolio
The amount of the deal with Bank Republic was not disclosed
12/05/2011
UK banks' cost-cutting specialists see pay rise - report
For most front office bankers, bonuses are set to fall sharply and reward pools could shrink by up to 70 percent after a turbulent six months for markets.
12/05/2011
KPMG receives industry recognition
KPMG picked up the Audit Award of the Year for its work with a new client, with the judges recognising that the firm had provided “innovative ways of adding value” and done so quickly.
12/05/2011
RBS report said to focus on investment banking official's role in its collapse
Two other senior executives are left out
12/01/2011
German lender said to begin talks with bidders for fund unit
While Deutsche Bank prefers to sell the division as a whole, the Frankfurt-based lender would also consider bids for parts of the unit, they said.
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.
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.