ZURICH/LONDON - Switzerland's Union Bancaire Privee (UBP) is buying the international business of 300-year-old British wealth manager Coutts, the latest deal by a Swiss private bank aimed at branching out from its struggling home market.
AMSTERDAM - The Dutch government said on Friday it had delayed a decision on when to privatise ABN Amro bank over a dispute about executive pay.
MADRID - Andorra will create a 'bad bank' to group the assets of Banca Privada d'Andorra (BPA) linked to illicit activity, it said late on Thursday, as the principality battles to rebuild the reputation of its banking system.
LONDON - The U.S. bank JPMorgan retained its crown as the top performing investment bank in 2014, although its revenues fell 6 percent, new data showed on Friday.
ZURICH - Swiss private bank Union Bancaire Privee (UBP) is set to buy Royal Bank of Scotland's international private banking arm Coutts International, a source familiar with the deal told Reuters on Thursday.
NEW YORK - In 2007, a Royal Bank of Scotland Group Plc employee emailed his boss with his view of a sample of mortgages underlying a bond that the bank was underwriting: "This one is crap."
HONG KONG - Cross-border trade settlement denominated in China's yuan currency is expected to climb to over 50 percent of China's total trade by 2020, more than doubling the current level, Stuart Gulliver, HSBC's Group Chief Executive, said on Thursday.
- The Malaysian Islamic banking arm of HSBC Holdings has raised 750 million ringgit (137 million pounds) from the sale of a 5-year Islamic bonds (sukuk) at a yield of 4.24 percent, IFR reported on Thursday.
LONDON - British taxpayers have recovered 9 billion pounds from their bailout of Lloyds Banking Group , following a 500 million pound share sale that has reduced public ownership of the bank to just under 22 percent.
BEIJING - UBS AG , the world's biggest wealth manager, expects Asia Pacific assets to account for as much as 30 percent of the funds it oversees within the next 10 years, the Swiss bank's chief executive said.