Latest news
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'
More articles
More articles
-
Lloyds Banking Group is putting together a £600 million ($949 million) portfolio of loans for its second such sale in six months. .
-
Allied Irish Bank is planning to cut 2,500 jobs, about 20% of its workforce.
-
Vince Cable, the U.K.’s business secretary, is recommending that the government break up the Royal Bank of Scotland and to create from it a British Business Bank to expand lending to businesses.
-
Major European banks such as Barclays and Lloyds Banking Group have borrowed funds through the European Central Bank’s Long-Term Refinancing Operation through their subsidiaries in other countries to make them more financially self-sufficient and reduce their exposure to these units in the event local economies worsen.
-
Credit Suisse has announced that it plans to repurchase about CHF 4 billion ($4.38 billion) in outstanding securities to meet tougher capital requirements imposed both by the Swiss government and the Basel Committee on Banking Supervision.
-
Germany’s Commerzbank says it plans to raise its core Tier 1 capital by EUR776 million ($1.02 billion) in the first half of the year by exchanging an estimated 361 million new shares for debt securities that have an aggregate principal amount of EUR965 million ($1.32 billion).
-
HSBC Holdings stands to lose £18 billion ($28.57 billion) of its value, thanks to a new U.K. levy imposed on banks and legislation that would force banks to ring-fence their retail banking operations, according to Stuart Gulliver, new group ceo.
-
ING DiBa AG, ING Groep’s direct and retail banking unit in Austria and Germany, plans to launch a benchmark-size seven-year covered bond denominated in euros, in the near future, depending on market conditions.
-
David Tibbals, the longtime head of Citigroup’s commercial mortgage lending business, has joined New York-based broker-dealer Amherst Securities as senior managing director, according to sister publication Real Estate Finance Intelligence.