GLENCORE chief Ivan Glasenberg has splurged £10m on 2.9m shares in his FTSE 100 company as part of his promise to spend [...]
EU PROPOSALS to avoid bank bailouts in future are already feeding through into credit calculations, prompting ratings agency [...]
GERMANY has moved a step closer to finalising its position on a European Tobin tax after the centre-right governing coalition [...]
HSBC has offloaded its Greek securities businesses for an undisclosed sum in a management buyout that will see Nikos Pantelakis, [...]
THE EUROPEAN Commission has finally unveiled a new set of regulations that are meant to ensure taxpayers will never again have [...]
MOODY’S downgraded seven German banks yesterday, including the country’s second-biggest lender Commerzbank, saying that they [...]
LLOYDS has offloaded a portfolio of Australian loans in a cut-price sale that brought in less than half of their face value.
SPAIN warned that it is locked out of markets yesterday as an emergency call by G7 leaders failed to stem rising fears that the [...]
THE IMF should stop treating Brussels as a partner in Eurozone bailout talks and show some “toughness”, according to Andrew [...]
THREE of Portugal’s biggest lenders are to receive a €6.6bn (£5.3bn) bailout, mostly from the country’s €78bn EU/IMF [...]
ITALY is to prosecute several Barclays bankers alongside former UniCredit chief executive Alessandro Profumo, who is now chairman [...]
SHARES in bankrupt Spanish lender Bankia were suspended from trading yesterday as the European Commission told Madrid that [...]
GREECE’S biggest banks have lost over a fifth of their deposits over the last year, it emerged yesterday, as Eurobank EFG and [...]
BANKS are “open for business”, an official government taskforce headed by Professor Russel Griggs has concluded, with just [...]
LLOYDS has appointed two ex-McKinsey partners as non-executive directors, including a former board member of the FSA.