World news about “Banking”, including breaking news and archival articles published by euronews.
Data theft prompts credit card recall What is believed to be the biggest credit card recall ever in Europe is underway in Germany after the theft of card… 18/11/2009 - tags: Banking, France
UBS targets profit through transformation UBS has said it is targeting an annual pretax profit of almost 10 billion euros. At a meeting of the loss-making… 17/11/2009 - tags: Banking, Switzerland
Liechtenstein removed from tax haven watchlist Liechtenstein has been taken off an international watchlist of tax havens after signing agreements to cooperate with… 11/11/2009 - tags: Banking, Liechtenstein, Taxes
Deal on UK banking shake-up Britain’s RBS and Lloyds banks have agreed to a massive shake-up of the UK banking sector, which will see both sell… 03/11/2009 - tag: Banking
European retail banking under scrutiny The financial service sector is in the sights of the European Commission. Hinden charges and opaque banking practices… 29/09/2009 - tags: Banking, Consumer Protection, European Union
Microcredit can help transform lives The world’s poor can change their lives with microcredit. In Ethiopia, a Bank for the Unbankables that is supported by… 17/07/2009 - tags: Banking, Ethiopia, Poverty
Top UK banks see bad debts fall… investment banking returns. … lender Lloyds Banking Group has … 10/11/2009 - tags: Banking, Economy, United Kingdom
ECB keeps borrowing costs unchangedThe euro rose against the dollar after the European Central Bank left it main interest rate unchanged at a record low… 05/11/2009 - tags: Banking, ECB, Euro
UBS reports third quarter lossesThe Swiss bank UBS has posted a 373 million loss in the third quarter. Shares in the company fell four percent as the… 03/11/2009 - tag: Banking
RBS faces forced salesThe Royal Bank of Scotland is facing more forced sales in a UK bank shake-up. The bank says a deal with EU regulators… 02/11/2009 - tags: Banking, Scotland
Switzerland suspends tax deal with Italy… worsening a banking dispute … moderate its banking secrecy rules … 02/11/2009 - tags: Banking, Italy, Switzerland
Russian interest rates cut againRussia’s central bank has again cut its key interest rate in a continued effort to get banks lending more. The… 29/10/2009 - tags: Banking, Russia
Santander’s UK profits upSpanish banking giant Santander profits at its UK banks have risen by more than third during the first nine months of… 28/10/2009 - tags: Banking, Santander, Profits
EU approves plans to split Northern Rock in twoThe European Union has approved plans for nationalised bank Northern Rock to be split in two – paving the way for a… 28/10/2009 - tags: Banking, United Kingdom
Swiss summon Italian ambassador over bank raidsItaly’s ambassador to Switzerland has been summoned to explain a series of police raids on Italian branches of Swiss… 28/10/2009 - tags: Banking, Italy, Switzerland, Politics
South Korea’s economy is growing at its fastest rate in 7 yearsThe 2.6% expanision may push the central bank to raise borrowing costs for this first time since the Lehman Brothers… 26/10/2009 - tags: Banking, Economy
Markets: 20th OctoberTuesday was an up and down day for European shares. They started lower, before popping back up to one-year highs… 20/10/2009 - tags: Banking, Europe, Markets
Qatar’s Barclays sale sparks Sainsbury speculationQatar’s sovereign wealth fund is to sell a 1.4 billion euro stake in British bank Barclays. It will make 660… 20/10/2009 - tags: Banking, Qatar, United Kingdom
DSB made bankruptA Dutch court has declared the troubled lender DSB bankrupt after attempts over the weekend to sell or rescue it… 19/10/2009 - tags: Banking, Netherlands, Bankruptcy
Bank of America losses a billionBank of America has posted a quarterly loss for the second time in less than a year. This time it was one billion… 16/10/2009 - tags: Banking, Bank of America
Santander’s Brazil unit in record IPOBanco Santander’s Brazilian unit has raised the equivalent of 5.46 billion euros in what is a record initial public… 07/10/2009 - tags: Banking, Brazil
SocGen raises cash to repay aidFrench bank Societe Generale is to sell 4.8 billion euros worth of new shares. The cash raised will be used to… 06/10/2009 - tags: Banking, France, Financial Crisis, Societe Generale
Australia raises interest ratesAustralia has become the first major developed nation to put up the cost of borrowing since the global economic crisis… 06/10/2009 - tags: Australia, Banking
markets: Shares across Europe close downEuropean shares turned negative in later trading after a positive opening after business activity in the American… 30/09/2009 - tags: Banking, Europe, Markets
IMF cuts estimate on bank lossesThe IMF has slashed its forecast for the amount of cash likely to be written off globally in bad loans and investments… 30/09/2009 - tags: Banking, IMF
Payback time BNP ParibasBNP Paribas has made moves to repay the French Government for its financial support during the economic crisis. The… 29/09/2009 - tags: Banking, France
Britain pledges to curb bankers bonusesBritain has promised new laws to crack down on excessive bankers bonuses. Speaking at the Labour party… 28/09/2009 - tags: Banking, United Kingdom
Banks must stop abusing customers — BrusselsPeople who feel that dealing with banks is a form of cruel and unusual punishment now have the European Commission on… 23/09/2009 - tags: Banking, European Union
Santander’s Brazil IPOSpain’s largest bank Santander aims to raise close to five billion euros by selling new shares in its Brazilian… 21/09/2009 - tag: Banking
Markets: Friday 18th SeptemberAfter a volatile day’s trading, European shares ended little changed, close to the 11-month high reached the previous… 18/09/2009 - tags: Banking, Oil, European markets
Swiss regulator investigates UBSThe Swiss stock exchange regulator is looking into possible breaches of market rules by bank UBS. At issue is… 18/09/2009 - tags: Banking, Switzerland, UBS
Brussels’ battle against bankers’ bonusesA curb on bankers’ bonuses looks more likely after EU leaders agreed on a common stance ahead of a G20 summit next… 18/09/2009 - tags: Banking, European Union, Financial Crisis, Angela Merkel, Nicolas Sarkozy
Bank of Japan more optimisticThe central bank in Tokyo says it is slightly more optimistic about Japan’s economic and financial conditions as… 17/09/2009 - tags: Banking, Japan
Lehman victims demand their money backOne year on from the collapse of Lehman Brothers, which marked the start of the financial meltdown, the bank’s former… 16/09/2009 - tags: Banking, Financial Crisis, Demonstration
Global economic crisis – one year onIt is a year since the failure of one of America’s most historic banks – Lehman Brothers – a day seen by many as the… 14/09/2009 - tags: Banking, Financial Crisis, Anniversary
No change for UK interest ratesThe Bank of England left interest rates in the UK at a record low of 0.5 percent for the sixth month running on… 10/09/2009 - tags: Bank of England, Banking, United Kingdom
Commerzbank sued over bonusesSeventy-two City of London bankers are suing Dresdner Kleinwort and Commerzbank for 33 million euros in unpaid bonuses… 09/09/2009 - tags: Banking, Germany
Monday 7th SeptemberEuropean shares finished the day sharply higher with analysts crediting positive sentiment from Friday’s close on Wall… 07/09/2009 - tags: Banking, Markets, G20, European markets
ECB keeps borrowing costs unchangedThe European Central Bank has -for the fourth month running – kept interest rates at a record low one percent… 03/09/2009 - tags: Banking, ECB, European Union
Iceland approves UK/Netherlands paymentsThe parliament in Iceland has formally approved a plan to reimburse savers in Britain and the Netherlands for the… 28/08/2009 - tags: Banking, Iceland, United Kingdom
Iceland to vote on repayment billEvents in Iceland’s parliament will be closely followed in the UK and the Netherlands today. Why? Because… 28/08/2009 - tags: Banking, Iceland, Bankruptcy
France cracks down on banking bonusesNew rules for French banks limiting traders’ bonuses have been unveiled by President Nicolas Sarkozy and he wants the… 25/08/2009 - tags: Banking, Markets, Nicolas Sarkozy
Swiss agree to hand over bank details to USSwitzerland will hand over bank account details to US authorities, settling a tax dispute that has threatened Swiss… 20/08/2009 - tags: Banking, Switzerland, USA, Diplomacy
US and Switzerland settle accounts over UBSThe US and Switzerland have struck a deal to settle a tax evasion dispute surrounding customers of Swiss bank … 19/08/2009 - tags: Banking, Switzerland, USA
UBS tax deal with US expectedA deal to settle the US tax case against the Swiss bank UBS could be sewn up today. The agreement should help … 19/08/2009 - tags: Banking, Switzerland, USA, UBS
US rich list feels the chill as UBS surrendersThe US and the Swiss bank UBS have agreed to settle their long-running dispute over the names of wealthy Americans with… 12/08/2009 - tags: Banking, Switzerland, USA, UBS
Swiss Cabinet meets to discuss UBSSwitzerland’s seven member Cabinet has been meeting in special session to review the case of the global Swiss bank … 10/08/2009 - tags: Banking, Switzerland, UBS
Sarkozy pressures bankers over bonusesFrance’s top bankers have been summoned by President Nicolas Sarkozy to defend their bonuses. Sarkozy is… 07/08/2009 - tags: Banking, France
Markets: Friday 7th AugustBetter-than-expected US jobs numbers reversed early losses on Europe’s stock markets on Friday and shares ended at… 07/08/2009 - tags: Banking, Markets, Telecommunication, European markets
Bad debts slam RBS profitRoyal Bank of Scotland posted a net loss of 1.16 billion euros in the first-half. The weaker-than-expected… 07/08/2009 - tags: Banking, United Kingdom
Commerzbank cautiousCommerzbank reported further net losses of 746 million euros in the second-quarter but its operating results beat… 06/08/2009 - tags: Banking, Germany
Thursday 6th AugustEuropean shares finished ahead, but trimmed their earlier gains as Wall Street slipped from its strong opening which… 06/08/2009 - tags: Banking, Markets, European markets, DAX
Status quo for borrowing costsThe European Central Bank and the Bank of England have both kept interest rates unchanged but the latter is to pump yet… 06/08/2009 - tags: Bank of England, Banking, ECB, Interest rates
BNP Paribas defends big bonuses… its investment banking division. … investment banking division … 05/08/2009 - tags: Banking, France
SocGen Q2 profit halvesSociete Generale has said there are signs of more stable market conditions ahead as its net profit halved to 309… 05/08/2009 - tags: Banking, France
HBOS loans force further Lloyds lossesResults from European banks continue to be mixed. Lloyds, Britain’s biggest high street bank, slumped to a 4.7… 05/08/2009 - tags: Banking, United Kingdom
BNP and UBS optimisticIn another indication the worst of the financial crisis might be over, BNP Paribas announced higher second-quarter… 04/08/2009 - tags: Banking, UBS
HSBC and Barclays return solid profits… US investment banking assets. And it … investment banking - things like … 03/08/2009 - tags: Banking, Profits, United Kingdom
Monday 3rd AugustEuropean shares finished at their highest in nine months as solid results from major European banks and the latest … 03/08/2009 - tags: Banking, European Union, USA
Tense times for rich Americans with Swiss accountsThe Swiss bank UBS is to reveal the names of 5,000 of its wealthiest American account holders to the US government… 02/08/2009 - tags: Banking, USA, UBS
UBS tax evasion case to be settledSwiss bank UBS has reached an agreement in principle with Washington settling their dispute over thousands of wealthy… 31/07/2009 - tags: Banking, USA, Justice, UBS
Loan provisions cut Santander profitSpain’s Banco Santander’s net profit fell 4.5 percent in the first half of the year to just over 4.5 billion euros, but… 29/07/2009 - tag: Banking
Deutsche Bank boosts bad loan provisionsGreatly improved business at its investment banking division meant Deutsche Bank enjoyed second-quarter net profit that… 28/07/2009 - tags: Banking, Germany
Friday 24th JulyEuropean stocks fluctuated during the day and finished slightly down snapping a nine session winning streak. Of… 24/07/2009 - tags: Banking, Markets, Dow Jones
Credit Suisse posts upbeat resultsStrong investment banking earning helped Credit Suisse produce better than expected profit in the second-quarter… 23/07/2009 - tags: Banking, Switzerland
Wednesday 22nd JulyEuropean shares rebounded from their earlier losses to finish slightly up, ahead for their eighth straight session… 22/07/2009 - tags: Banking, Markets
Iceland moves on banksIceland has taken a step towards clearing up the mess left by its spectacular financial meltdown. The Reykjavik… 20/07/2009 - tags: Banking, Iceland
Baltic loans hit SEB bottom lineThe Swedish banking group SEB has posted a sharply weaker-than-expected second-quarter operating profit. It had… 20/07/2009 - tags: Banking, Sweden
US and Swiss bank giant UBS seek to delay tax trial… tradition of banking secrecy … for the banking giant, with … guarding banking secrecy. … 13/07/2009 - tags: Banking, Switzerland, Taxes
SocGen expects small Q2 profitFrench bank Societe Generale has said it expects to post a small second-quarter net profit thanks to earnings from its… 06/07/2009 - tags: Banking, France, Profits
Eurozone interest rate stays put as expected.The European Central Bank has kept its interest rates at the current record low of one percent. The Governing… 02/07/2009 - tags: Banking, ECB
Markets hit by unemployment risesMarkets took something of a battering on Thursday as high unemployment figures made an end to the recession seem more… 02/07/2009 - tags: Banking, Markets, CAC 40
US plans to pursue UBS account holdersThe US Justice Department is pressing ahead with plans to force the Swiss bank UBS – the world’s largest manager of… 01/07/2009 - tags: Banking, Switzerland
UBS “offered compensation” in tax dealWith two weeks to go before they meet in court, the Swiss banking giant UBS is locked in negotiations with the … 01/07/2009 - tags: Banking, Switzerland, USA
UBS to raise capital, warns of lossesSwiss bank UBS plans to raise almost 2.5 billion euros by selling new shares as it forecast a net loss for the second… 26/06/2009 - tags: Banking, Financial Crisis
Portuguese bank bosses accused of fraudFive former executives at a major Portuguese bank have been charged with fraud and manipulating the markets in an… 26/06/2009 - tags: Banking, Markets, Portugal
Tuesday 23rd JuneEuropean shares fluctuated through the session and finished the day at their lowest close in nearly six weeks… 23/06/2009 - tags: Banking, European Union, Markets
World Bank issues pessimistic forecastThe World Bank is warning that prospects for the global economy remain “unusually uncertain” despite recent signs of… 22/06/2009 - tags: Banking, Eurozone, World Bank
US bank reforms unveiledPresident Barack Obama has laid out his administration’s plan to avoid future economic crises by reforming the … 17/06/2009 - tags: Banking, USA, Barack Obama
UK bankers criticise tougher regulationsBritain’s banks have said that they are not happy with proposed changes in banking regulations aimed at preventing a… 15/06/2009 - tags: Banking, Industry, United Kingdom
Barclays sells BGI to BlackRockBlackRock says it is buying British bank Barclays investment arm BGI for the equivalent of nine and a half billion… 12/06/2009 - tag: Banking
Friday 12th JuneEuropean markets started the session ahead boosted by positive economic data from China, but turned negative after new… 12/06/2009 - tags: Banking, Markets, Money
Wednesday 10th JuneEuropean shares finished the day up but they had slipped from their earlier highs as Wall Street turned negative… 10/06/2009 - tags: Banking, European Union, Markets
Germany moves towards ‘bad bank’Germany’s cabinet has backed a so-called “bad bank” plan for the regional Landesbank sector. If passed by… 10/06/2009 - tags: Banking, Germany
European markets get midweek bluesOil and banks weighed down the markets on Wednesday, which were all down across Europe, and things were not much better… 03/06/2009 - tags: Banking, Markets, Mining
Caution after rally on European marketsEuropean stock markets were stable at the close of play, with investors cautious not to get carried away by the recent… 02/06/2009 - tags: Banking, Markets, Money
UK bank stress tests stay secretThe British government has refused to make public the results of stress tests carried out on UK banks to see if they… 22/05/2009 - tags: Banking, United Kingdom
Big US banks ‘ready to pay back bailout money’Could it be pay back time for the some of the bailed out big banks in the US? New York-based Goldman Sachs… 19/05/2009 - tags: Banking, USA
ABN AMRO announces layoffsDutch state-controlled bank ABN AMRO is to lay off between 4,000 and 5,000 people and reduce its costs by up to 1.3… 19/05/2009 - tags: Banking, Netherlands
Monday 18th MayEuropean shares finished up 2.5 percent. Banks were strong performers on hopes that the recession in top global… 18/05/2009 - tags: Banking, Economy
PAYING BY MOBILE PHONEIt’s easy to pay by mobile phone thanks to a new technology called “NFC – Near Field Communication”. Using a mobile… 18/05/2009 - tags: Banking, Mobile Telephony, Technology
Barclays could sell BGIUK bank Barclays has confirmed it has received an “unsolicited” approach about selling its prized asset management arm… 15/05/2009 - tags: Banking, Financial Crisis
Top European banks continue to sufferRising bad debts and the weak European economy continue to hit the earnings of some of the region’s top banks… 14/05/2009 - tag: Banking
German cabinet approves bad bank planGermany has approved a so-called ‘bad bank’ plan, under which the Berlin government will take over almost 200 billion… 13/05/2009 - tag: Banking
US banks must find billions to fill “stress test” hole… of the biggest banking institutions … optimism that banking can benefit … the nation's banking system. They … 08/05/2009 - tags: Banking, USA
Asset writedowns hit SocGenFrench bank Societe Generale has unveiled surprisingly poor results. It slumped to a first quarter net loss of 278… 07/05/2009 - tags: Banking, France
BNP Paribas results surprisingly goodFrance’s biggest bank, BNP Paribas, has posted first-quarter profits well ahead of analysts’ forecasts. That was… 06/05/2009 - tags: Banking, France
Some US stress test banks ‘will need more capital’Source have said that about half of the nineteen largest US banks will be told by regulators to raise more capital… 05/05/2009 - tags: Banking, USA, Economy
Fortis can sell to BNP ParibasFortis has been given the go-ahead to sell its assets to BNP Paribas. A shareholder meeting in the Netherlands… 29/04/2009 - tag: Banking
Societe Generale chairman resignsThe chairman of the French bank Societe Generale has announcd his resignation. The departure of Daniel Bouton… 29/04/2009 - tags: Banking, France
