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Latest news
Deal raises questions about whether transaction was done at arm's length
Joanna Chan is taking on the role of head of strategic capital
Key points of contention include the investor sanctions regime and the definition of 'resilience'
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Greece’s Alpha Bank has proposed ending its merger plans with Eurobank after the Greek sovereign debt swap last week resulted in significantly greater losses to the lenders than had been anticipated when they agreed to combine last November.
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BNP Paribas is the leading corporate bank in Europe with a 61% market penetration, according to Greenwich Associates.
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The Royal Bank of Scotland has announced it will cut 1,600 jobs and Lloyds Banking Group 300 in a move that has angered unions, who have asked the U.K. government, which largely owns the lenders, to intervene.
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The Federal Reserve has announced that Ally Financial, Citigroup, MetLife and Suntrust do not have sufficient capital to withstand another financial crisis based on the central bank’s hypothetical deep-recession scenario in its latest round of stress tests.
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Goldman Sachs has named Jeffrey Verschleiser has been named global head of mortgage trading in a wave of management changes at the investment bank, which include the appointment of Justin Gmelich as global head of credit trading.
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British banks cannot face up to the failure of their banking models and the need to restructure, according to Mervyn King, governor of the Bank of England.
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The Basel Committee on Banking Supervision is scheduled to discuss at a meeting next week “some calibration points and technical calculations” to proposed liquidity regulations for banks without changing the fundamentals of the measure, according to Rene van Wyk, a member of the committee from South Africa.
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A group of investors are planning to file a suit against the Royal Bank of Scotland, claiming the prospectus for a rights issue in 2008, ahead of a government bailout, was misleading.
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Mortgage approvals in the U.K. plunged 21% in February from the preceding months with the end of the stamp duty for first-time buyers, according to e.surv Chartered Surveyors.