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Sam Goldwyn said verbal contracts weren’t worth the paper they were written on. Neither, it would appear, are stock exchange announcements by Lloyds regarding its stake in St James’s Place.…
European markets took a sharp turn lower as concerns over a global growth slowdown prompted continent-wide losses. The FTSE Eurofirst 300 fell 2.1 per cent to 1,229.94, shaving nearly half…
Raiffeisen, Austria’s second-largest lender, is investigating whether its chief executive complied with the law and the bank’s internal rules, after details emerged of his involvement in property deals in Asia.…
©AFP People queue outside a government employment office in Burgos, Spain This week as Spain’s largest lenders took part in a conference call to discuss the restructuring of a €5bn…
©Charlie Bibby Lloyds Banking Group has raised a gross £450m by selling another tranche of its shares in St James’s Place – despite indicating two months ago that it would…
Goldman Sachs has set up a committee to review its dealings with customers, part of a series of reforms to prevent the scandals and regulatory run-ins that rocked the bank…
©Reuters Spanish banks will need to put aside extra provisions of up to €10bn to cover loans that borrowers will struggle to repay, according to an internal estimate by the…