Credit Suisse sued over sale of oil group
Credit Suisse is facing a multimillion-dollar lawsuit over the sale of a company with rights to the largest onshore oil and gas project in Azerbaijan. The suit is one of…
SocGen to fire chief of Russian lender
Société Générale, France’s second-largest bank by market value, said on Wednesday it would fire the head of Rosbank, its Russian banking subsidiary, after the arrest of the executive last week…
Brussels to tighten bank bailout rules
Brussels is to impose more stringent conditions on state bailouts for troubled banks so that shareholders and junior bondholders suffer losses before taxpayers are asked to foot a rescue bill.…
Nationwide’s market share at record level
Nationwide has increased its share of the British mortgage market to a record level, helped by government-funded programmes to support housebuyers, such as the Bank of England’s Funding for Lending…
Q&A: IMF’s assessment of the UK economy
What is the IMF’s assessment of the UK economy? Like the rest of us, the International Monetary Fund was cheered by the good news on the UK economy in recent…
DBS/Danamon: Singapore & Indonesia
If bank regulators played poker – and who knows, perhaps they do – then the talk between Indonesia and Singapore around the green baize would have gone something like this:…
Banks rule out need to issue new shares
Britain’s two part-nationalised banks will not need to issue new shares or contingent capital, after a softer-than-expected assessment of their financial strength by the new banking regulator. Royal Bank of…
China’s banks face no-win situation
When hundreds of private equity executives met in Washington last week to discuss emerging markets, China dominated the debate. This outcome at the International Finance Corporation and Emerging Markets Private…
Scottish debate uses economics as weapon
Recent skirmishes over Scottish independence have resembled trench warfare where the weapons of choice are little-read economic reports. London fired first with the third in a four-part series of reports…
Dimon victory despite investor backlash
Jamie Dimon won a decisive victory over shareholder activists looking to strip him of his chairmanship of JPMorgan Chase but investors used the bank’s annual meeting to deliver a big…
Europe plans to widen bonus cap
Investment banks’ ability to reward junior traders with bonuses worth many times their salaries will be curbed by proposals that further widen the EU’s planned bonus cap. Europe’s banking regulator…
JPMorgan: storm blows over
Maybe this was the tempest in a teapot. After weeks of debate over whether Jamie Dimon should, or even could, keep his dual roles as chairman and chief executive of…
Indonesia approves DBS-Bank Danamon deal
©Bloomberg DBS, southeast Asia’s largest bank by assets, on Tuesday won approval from Indonesia for the acquisition of up to 40 per cent of Bank Danamon, the country’s sixth largest…
C&I loans: the good, the bad & the ugly
US banks, large and small, are loosening their purse strings again. Not too long ago, they were rebuked for taking billions from the government but passing precious little of it…
ICBC/Goldman Sachs: farewell
What does it say when Goldman Sachs no longer wants you but others rush in? The US bank has sold its remaining stake in ICBC, the world’s biggest bank by…