Banking and finance
MF Global loss estimate revised upwards
Trustee puts gap owed to futures customers at $1.6bn, up from $1.2bn, partly because of a reclassification
Categories: Banking and finance
Citizen Bob misses his opportunity to accrue some bonus points
Well, that was predictable. Bob Diamond ducked questions on his own bonus on Friday on the grounds that, if he'd 'fessed up to what he'd trousered, that's all anybody would talk about.
Categories: Banking and finance
S&P downgrades ratings of 34 Italian banks
Standard & Poor’s cuts credit ratings of Italian institutions citing concerns over ability to finance given the broader problems facing Italy
Categories: Banking and finance
S&P downgrades ratings of 34 Italian banks
Standard & Poor’s cuts credit ratings of Italian institutions citing concerns over ability to finance given the broader problems facing Italy
Categories: Banking and finance
Cameron calls for truce on bonuses
David Cameron has called for a truce in the battle over bank bonuses in an attempt to repair fractured relations with the City
Categories: Banking and finance
Cameron calls for truce on bonuses
David Cameron has called for a truce in the battle over bank bonuses in an attempt to repair fractured relations with the City
Categories: Banking and finance
UK banks expected to miss small business lending target
Britain's largest banks are likely to have fallen just short of their small business lending target agreed with the Government last year, according to figures from the British Bankers' Association.
Categories: Banking and finance
Barclays attacked over pay despite cutting bonuses
Leading shareholder groups have attacked Barclays over the level of bonuses paid by the bank to staff in its investment banking arm.
Categories: Banking and finance
Barclays criticised over accounting practices
Barclays' bonus pool is not the only part of its results that has riled investors: the bank's accounting practices have caused controversy too.
Categories: Banking and finance
CVC looks to sell its magazines business
Move comes after a failed attempt by the owner of Nine Entertainment to seek a deal with lenders to extend the maturity of its debts
Categories: Banking and finance
False dawns and public fury: the 1930s are not so far away
Saving the euro is not everything. We must also ensure that more tested aspects of the EU survive an all-too-possible euro break-up, writes Martin Taylor
Categories: Banking and finance
False dawns and public fury: the 1930s are not so far away
Saving the euro is not everything. We must also ensure that more tested aspects of the EU survive an all-too-possible euro break-up, writes Martin Taylor
Categories: Banking and finance
Bankia to set aside €3.4bn for provisions
Spanish bank, which reported net profit for full year fell 13 per cent to €309m, denies again that talks took place with rival La Caixa
Categories: Banking and finance
Bankia to set aside €3.4bn for provisions
Spanish bank, which reported net profit for full year fell 13 per cent to €309m, denies again that talks took place with rival La Caixa
Categories: Banking and finance
Barclays bonus cap reflects ‘public mood’
Cuts to banking bonus pools may be an attempt to mollify public agitation, but they mask the difficulty of bringing down costs in the industry
Categories: Banking and finance
Barclays bonus cap reflects ‘public mood’
Cuts to banking bonus pools may be an attempt to mollify public agitation, but they mask the difficulty of bringing down costs in the industry
Categories: Banking and finance
NYSE sets ‘full service’ clearing house for London
The group’s fledgling clearing house in London shares some of the clearing of Liffe futures exchange’s derivatives with LCH.Clearnet
Categories: Banking and finance
Fund chief arrested for insider trading
The head of Whitman capital has been charged with insider trading as part of the US government’s investigation into corruption on Wall Street
Categories: Banking and finance
Banks under fire over Project Merlin
The banks met their overall government-agreed commitments for 2011 with gross new loans of £214.9bn to businesses against a £190bn target
Categories: Banking and finance
Banks under fire over Project Merlin
The banks met their overall government-agreed commitments for 2011 with gross new loans of £214.9bn to businesses against a £190bn target
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