Business Series

HSBC freezes salaries and hiring

Europe's largest lender, HSBC, has confirmed it is imposing a hiring and pay freeze across the bank globally in 2016.

1 February 2016

Business Series

Further RBS 'clean up' charges mean no profit again this year

Royal Bank of Scotland is trying to put its troubled past behind it by making a 3.6 billion pound provision to top up its pension fund and make amends for British and US mis-selling.

27 January 2016

Economy

Italy reaches deal with Brussels over bad bank loans

An accord between Italy and the European Commission to help banks sell some of their 200 billion euros of bad loans has eased fears of an Italian banking crisis.

27 January 2016

Business Series

Deutsche Bank posts a record €6.7bn loss for 2015

Deutsche Bank shares plummeted some ten percent after warning it would report a record loss for 2015.

22 January 2016

Economy

Barclays slashes jobs at investment banking division

Barclays will cut about 1,000 jobs in investment banking worldwide as new Chief Executive Jes Staley wields the axe in a bid to reduce costs and boost returns.

21 January 2016

France

French tax avoidance probe takes a new turn

French tax authorities have discovered more than 38,000 secret French accounts containing 12 billion euros worth of assets in the Swiss bank

21 January 2016

China

World Bank rival launched in Beijing

The Chinese President Xi Jinping launched a new international development bank on Saturday in Beijing that is being seen as a rival to the US-led

17 January 2016

Economy

European economies face harsh headwinds from China

Headwinds from China again for European economies. As China’s financial markets remain relatively closed exposure for banks is limited, but trading

7 January 2016

United Kingdom

UK: investment banks pay little or no tax, analysis shows

Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in

23 December 2015

Economy

Markets positive ahead of US Fed's crucial interest rates decision

Markets have been positive in the run-up to the long-awaited interest rate decision by the US Federal Reserve. The US central bank is widely tipped

16 December 2015

Economy

Inflation data boosts Federal Reserve rate rise expectations

The Federal Reserve’s two-day meeting to set interest rates that could see the first rise since before the financial crisis ends on Wednesday. An

15 December 2015

Economy

Protests in Italy after savers lose money over banks rescue

The Italian government faces growing protests over the rescue of four banks which saw thousands of investors lose money. The Economy Minister Pier

15 December 2015

Economy

RBS and Standard Chartered pulled up but British banks pass stress tests

A Bank of England stress test has singled out two British institutions – the Royal Bank of Scotland and Standard Chartered – for not having enough

1 December 2015

Economy

Barclays fined 103m euros for failing to run checks on rich clients

Barclays has been fined 72 million pounds (103 million euros) for failing to run proper checks on rich clients to prevent financial crime. Britain’s

26 November 2015

France

France to clamp down on the financing of terrorism

France will ask for a new EU directive on money laundering and terrorist financing to be pushed through at a swifter pace. At a press conference in

23 November 2015

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

13 November 2015

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

12 November 2015

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

3 November 2015

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

2 November 2015

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

2 November 2015