Banking and finance
Redemption awaits Britain's battered banks
Our revolutionary new model would transform their image - and their customers' finances, says Gillian Guy
Categories: Banking and finance
Redemption awaits Britain's battered banks
Our revolutionary new model would transform their image - and their customers' finances, says Gillian Guy
Categories: Banking and finance
Russia wants Bill Browder on Interpol list
The Russian authorities have escalated their attack on Bill Browder, the British hedge fund boss spearheading an anti-corruption campaign against the Kremlin, by asking Interpol to place him under surveillance.
Categories: Banking and finance
Santander to acquire 20% of BoBCFC
Santander has received approval from the Chinese Banking Regulatory Commission (CBRC) for the acquisition of 20% of the Bank of Beijing Consumer Finance Company (BoBCFC). Santander is to invest RMB306m, equating to approximately €38m, to acquire the shares in BoBCFC … Read more »
Categories: Banking and finance
Paul Tucker risks row with Chancellor over bank rescue plans
Paul Tucker, the Bank of England deputy governor, has partially backed European plans to give depositors greater legal protection in a move that threatens to pitch him against the Chancellor.
Categories: Banking and finance
KfW reports first quarter profits
KfW Bankengruppe has reported its financial results for the first quarter of 2013, including consolidated profits of €477m. This is about two-thirds of the €697m that the firm achieved in the corresponding period last year. The total financing volume rose, … Read more »
Categories: Banking and finance
Treasury: Savings & pensions at risk in independent Scotland
Savers and pensioners would be at risk in an independent Scotland as they could no longer rely on the UK to protect their money in a financial crisis, a Treasury analysis has warned today.
Categories: Banking and finance
Let's boycott this needless tax that would cripple markets and keep Europe in the slow lane
Europe has a growth problem: the International Monetary Fund has warned of a three-speed world economy, with the eurozone losing further ground to the United States and emerging economies.
Categories: Banking and finance
Mervyn King warns against 'demonising individuals' over banking failures
The outgoing Governor of the Bank of England says the banking sector was given "far too much status and standing in society" but cautions against blaming individual bankers.
Categories: Banking and finance
Sir Mervyn King: stop 'demonising' bankers
Sir Mervyn King, the outgoing head of the Bank of England, has called for an end of banker bashing saying it's wrong to "demonise individuals" for the failure of the financial system.
Categories: Banking and finance
Meet the man who is betting against China
Carson Block believes China's banks hold more toxic assets than Western peers did ahead of the 2008 crash .
Categories: Banking and finance
Fund managers fear for EU bonus cap
A group of fund managers has warned that pending European Union bankers bonus cap rules could damage a significant part of London's financial services sector.
Categories: Banking and finance
The internet will revolutionise SME lending in the UK
The internet is transforming our economy and our lives. More than nine out of 10 flights are now booked online. Digital music, almost unknown a decade ago, already makes up 40pc of total sales.
Categories: Banking and finance
Wife wins battle for billion pound hedge fund
Their marriage may have ended in a divorce battle but as business partners their combination led to unprecedented success - worth billions.
Categories: Banking and finance
Tougher EU bonus curbs to snare more bankers - PwC
Tougher European Union curbs on bonuses will snare far more bankers than current pay limits, with banks having little time to prepare for the change, consultancy PwC said on Friday.
Categories: Banking and finance
Lloyds share rise above 'break-even' price
Share in Lloyds Banking Group have this morning traded above the state's "break-even" price, increasing the likelihood of a sale of some of the taxpayer's 39pc stake in the lender.
Categories: Banking and finance
The Bottom Line:If Mr Cable has his way...
"If Mr Cable had his way, all the big banks would be broken up and bonuses would be virtually eliminated - a sure-fire way in my view of guaranteeing an end to the UK’s ability to compete as an international financial centre. Let’s not forget that this is a man who is on record as saying that everyone who works in a bank has an ‘aristocratic lifestyle’ clearly demonstrating his lack of understanding of the sector." A tough line on bankers’ bonuses could make a brain drain of financial talent a distinct possibility, warns Paul Marsden. Read more