MILAN Italy's newly-created bank rescue fund Atlante is set to own at least 92 percent of Banca Popolare di Vicenza after investors took up a fraction of the lender's 1.5 billion euro ($1.7 billion) cash call, the bank said on Saturday.
SINGAPORE/HONG KONG, April 30 British telecoms operator Vodafone has picked Bank of America Merrill Lynch (BofA), Kotak Investment Banking and UBS as joint global coordinators of its Indian unit's IPO, people familiar with the matter said, kicking off its long-awaited listing plan.
LONDON Royal Bank of Scotland reported a sharp rise in losses in the first quarter on Friday and cautioned on the timing of a return to dividend payouts as lower income, restructuring costs and sluggish asset sales underscored the challenges still facing the lender. | Video
LONDON When Barclays Plc sold a fund management business to U.S. financial group Blackrock Inc. in 2009, the larger-than-expected $15.2 billion (£10.4 billion) price tag was not the only good news for the British bank's investors.
ZURICH Credit Suisse's leadership came under fire on Friday from shareholders disgruntled by a share slide amid a major restructuring of Switzerland's second-biggest bank.
LONDON A vote to leave the European Union in a June 23 referendum could cost each Briton around 45,000 pounds, or around half the value of the United Kingdom's housing stock, JPMorgan Chase & Co said in a research report.
BRUSSELS The European Union still has work to do to prepare for handling bank collapses in the event of a new financial crisis, EU officials said on Friday, urging member states to agree on pooling more resources to weather future storms.
FRANKFURT Deutsche Bank appears headed for another stormy shareholder meeting in three weeks' time following public squabbling in its supervisory board and the ejection of the board's member tasked with clearing up past scandals.
LONDON Barclays Chairman John McFarlane has pledged to deliver a "clean and prosperous" 2018 to investors, putting a deadline on a vast programme of restructuring and asset sales that will cause staffing numbers to fall by 50,000.
LONDON Part-nationalised Royal Bank of Scotland risks missing an end-2017 deadline to sell its Williams & Glyn brand, it said on Thursday, raising doubts about how soon it will be ready to pay dividends and return to private ownership.