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Economy

Britain offloads Northern Rock loans in biggest European state asset sale

Britain has sold 13 billion pounds (18 billion euros) worth of loans once held by former mortgage lender Northern Rock, which was nationalised during

Economy

UniCredit to offload 18,200 posts in latest European bank overhaul

UniCredit has become the latest major European bank to announce a major overhaul as part of its strategic plan – involving some fairly major lob

Economy

Standard Chartered bank to cut workforce by 17 percent

The London-listed bank Standard Chartered is to shed 15,000 jobs by 2018 – the result of turbulence in Asian markets where it does most of its

Economy

Greek 'red loan' debtors eye bank recapitalisation with trepidation

Greek banks have until the end of the week (November 6) to explain how they are going to raise 14.4 billion euros in extra new capital – according to

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Business Series

HSBC quarterly profits exceed expectations

Europe’s biggest bank HSBC has seen profits jump by a third in the third quarter, to $6.1 billion (5.5 billion euros). The results, which exceeded

Real Economy

Turning point: Europe's return to growth

This week the Real Economy takes a look at the European Growth Story – is it reliable? And is it back for good? Those questions and more as well as

Economy

Markets fret over Polish election winners' bank tax plan

Poland’s election result has brought a jittery reaction on the markets; the zloty and bank stocks falling slightly. The victorious Law and Justice

Business Line

Business Line: how can banks and carmakers regain customers' trust?

Several years after the global financial crisis Europe’s banks are still trying to get back on track. Struggling to revive their fortunes and

Economy

Credit Agricole to pay $787m over sanctions-busting - US authorities

US authorities say a subsidiary of Credit Agricole has agreed to pay a multi-million dollar fine over allegations that it violated sanctions against

Economy

Deutsche Bank pays hedge fund client $6bn 'by mistake'

Deutsche Bank is back under the spotlight – for mistakenly sending a payment of six billion dollars to a US hedge fund client. The money was paid

Economy

Deutsche Bank reform plan welcomed by investors

Moves by Deutsche Bank to overhaul senior management and put past scandals behind it have met with a positive response from investors. The bank

Business Planet

Enhancing access to finance with COSME

In the latest edition of Business Planet, we visit Frankfurt to find out how you can obtain financing as this is obviously the question being asked

Economy

Deutsche Bank suffers record quarterly loss

Deutsche Bank has posted a record quarterly loss with a pre-tax figure of 6 billion euros. It’s another blow to German corporate pride coming on the

Economy

US retailers risk fraud liability for missing chip card deadline

Surveys in the US suggest many businesses may have missed a deadline for installing a new payment system for customers – meaning they may be liable

Economy

Norway surprises markets with interest rate cut

Norway’s central bank has cut its main interest rate and hinted at possible negative rates ahead to support a weakening economy. The Norwegian crown

Economy

Deutsche Banks ends Russian operations

Deutsche Bank has confirmed its closing part of its business in Russia as a result of sanctions and investigations into share trades. The German firm

Economy

Deutsche Bank could cut workforce by 25 percent

Deutsche Bank is considering shedding almost a quarter of its global workforce as it looks to honour pledges to cut costs and streamline its

Portugal

Novo Banco: more protests over lost assets

There have been more protests outside the offices of Portugal’s rescued bank, Novo Banco. Customers want savings lost when the bank was created from

Portugal

BES: angry savers clamour for their cash in Portugal

Angry customers clamour to get their savings back from the collapsed Portuguese bank Espirito Santo. It is a battle of “Davids versus a Goliath”

United Kingdom

Former London banker jailed for 14 years in Libor scandal

A court in London has sentenced a former city trader to 14 years in prison for his part in rigging interbank interest rates, known as Libor