PARIS - European stocks dipped on Friday, with Banca Monte dei Paschi di Siena skidding 6.5 percent after sources said a planned capital increase at the lender might be bigger than expected.
MILAN - Shares in Italy's Banca Monte dei Paschi di Siena fell victim to concerns over its capital needs on Friday after people close to the matter said the bank might raise the size of a planned cash call to meet regulatory demands.
LONDON - Standard Chartered's board will discuss succession planning at a meeting in Washington, D.C., on Thursday, people familiar with the matter said, following speculation it was seeking a new chief executive.
DUBAI - Royal Bank of Scotland (RBS) plans to sell or close its corporate debt and debt capital markets business in the Middle East and Africa, the latest pullback by the state-controlled lender from emerging markets to focus on its domestic business.
FRANKFURT - Legal costs will weigh down Deutsche Bank's results well into 2015, Germany's biggest bank said on Thursday, as global investigations into cases such as the alleged manipulation of interest rate and currency benchmarks drag on.
HONG KONG - Standard Chartered Plc is seeking a leader with a tough-to-find mix of Asian experience and regulatory clout as it kicks off the search for a successor to CEO Peter Sands, investors, bankers and headhunters told Reuters.
- Citibank, a unit of Citigroup Inc , has reached an agreement with New York Attorney General Eric Schneiderman to change its screening processes for checking and savings accounts to be more forgiving of customers' histories, the Wall Street Journal reported.
LONDON - Oil prices will stay lower for longer after more than halving since June, Goldman Sachs' chief commodity analyst said, arguing in his latest research note that demand growth in China and other emerging economies is set to slow.
FRANKFURT - Deutsche Bank will remember Thursday, Jan. 8 as the start of “Duesselgate”, a nickname born not of wrongdoing, but from the shockwaves sent by a speech given in Germany's former industrial heart.
LONDON - Standard Chartered's two largest investors have told the bank's chairman to find a replacement for Chief Executive Peter Sands within months, the Sunday Telegraph reported, without citing its sources.