Search Results for: Banks
European Banks to Sell a Record $154 Billion of Loans, PwC Says
August 20th, 2015
European banks are set to divest a record 139 billion euros ($154 billion) of loans this year, led by the U.K., as the industry accelerates asset sales to meet new rules, according to PricewaterhouseCoopers LLP. Banks have offloaded 54.5 ...
Law firms head to the banks as lawyers target expansion
August 19th, 2015
Lending tops £7.3bn as firms borrow to fund M&A, overseas offices, and lateral hires Long-term lending to UK law firms has risen by 28 per cent over the last four years to £7.35bn, as firms compete to capture a ...
Wells Fargo Advisors hires brokers to be in banks
August 18th, 2015
Wells Fargo Advisors’ bank channel, which puts brokers in bank branches, said Monday it hired two brokers, Jane Drew and Timothy Pester. Jane Drew joined Wells Fargo in Portland, Oregon, on Aug. 7 from Bank of America Merrill Lynch, where ...
British banks facing billions in fines over forex-rigging scandal
August 18th, 2015
British banks could face billions of pounds of civil claims over the rigging of the ‘wild west’ foreign exchange markets following a landmark court case in New York. Barclays, HSBC and Royal Bank of Scotland were among nine banks ...
Samsung Pay lines up card schemes and banks for launch
August 14th, 2015
Samsung will introduce its mobile payments service in South Korea later this month, with Visa, MasterCard and several major banks onboard for a US launch in September. The handset manufacturer confirmed at an event to unveil the Galaxy S6 ...
Tsipras sees talks in final stretch; Banks index sheds 63.8 pct in three days
August 6th, 2015
Greek stocks continued to slide for a third session in a row on Wednesday, with banks suffering another dramatic day with losses of 27 percent for their sectoral index. Banks’ cumulative losses since the reopening of the local bourse ...
Global Banks report their results
August 4th, 2015
Commerzbank, Deutsche Bank, BNP Paribas, UBS AG, Mitsubishi UFJ Financial Group, Inc. and HSBC issued reports to inform public regarding interim results HSBC Holdings plc HSBC Holdings plc 2015 Interim Results – highlights Financial performance Reported profit before tax ...
Russia’s Banks Turn Away Clients as Borrowers Fall Behind
August 4th, 2015
JSC Alfa Bank, the Russian private bank founded by billionaire Mikhail Fridman, is scaling back lending for all but the most affluent clients after a growing share of customers fell behind on payments this year. The Moscow-based bank last ...
Standard Chartered, Societe Generale are among four banks added to Forex Lawsuit by investors
August 3rd, 2015
Standard Chartered Plc and Societe Generale SA are among four banks added to a suit by investors claiming banks manipulated the $5.3 trillion a day foreign-exchange market. The investors filed a revised complaint Friday in which they broadened their ...
ECB Raises Emergency Lending to Greek Banks by $984 Million
July 23rd, 2015
Decision comes two days after a Greek bond redemption averted a default The European Central Bank on Wednesday raised the ceiling on emergency lending to Greek banks by €900 million ($980 million), a person familiar with the matter said, ...
