Banks

Loan losses fears put more pressure on Monte dei Paschi

Photo

MILAN - Fears of big writedowns on poorly performing loans piled more pressure on shares in Banca Monte dei Paschi di Siena which dropped 6 percent on Monday, adding to concerns about the Italian bank's weak balance sheet.

Photo

Deutsche Bank co-CEO cagey on Postbank future - Welt am Sonntag 20 Dec 2014

FRANKFURT - Deutsche Bank's co-chief executive Juergen Fitschen said consolidation of the European retail banking market was overdue, according to German weekly Welt am Sonntag.

British police arrest ex-RBS trader in currency probe-FT 19 Dec 2014

- A former trader from Royal Bank of Scotland was arrested east of London on Friday in connection with a criminal investigation into allegations that bank traders tried to manipulate currency markets, according a report in the Financial Times.

Photo

JPMorgan report says it's learning from mistakes 19 Dec 2014

BOSTON - JPMorgan Chase & Co on Friday outlined improved controls it has been enacting in the wake of recent missteps, including pay clawbacks and minimum share ownership requirements for leaders, in a report issued under shareholder pressure.

Photo

Citi buys Credit Suisse commodities trading book 19 Dec 2014

LONDON - Citigroup has bought the commodity trading books of Credit Suisse , sources familiar with the matter said on Friday, as the U.S. bank extends its reach in the sector as others retreat.

Photo

RBS puts loan to builder Sacyr up for sale at discount - report 19 Dec 2014

MADRID - Royal Bank of Scotland wants to sell a 100 million euro (£78.4 million) loan it had extended to builder Sacyr as part of a syndicate, as Spanish firm itself races to refinance a large slice of debt, website El Confidencial reported.

Photo

Judge raises questions in case against Barclays over dark pool 18 Dec 2014

NEW YORK - The judge overseeing New York state's lawsuit accusing Barclays of fraud in its alternative trading system on Thursday raised questions about the case, putting the attorney general's counsel on the defensive.

Photo

Swiss central bank announces negative interest rates to stem flight into franc 18 Dec 2014

ZURICH - Switzerland's central bank said it would start charging banks for deposits in francs for the first time since the 1970s, hoping to stem a flight to the safe-haven currency driven by concern over the euro zone and Russia's deepening crisis. | Video

Photo

Deutsche Bank to review strategy and may sell Postbank network 18 Dec 2014

FRANKFURT - Deutsche Bank AG will review its strategy and profit targets next year and may sell its Postbank-branded retail unit, in a major reversal as a hoped-for turnaround in profitability slips out of reach.

Photo

Barclays' CEO: funds set aside to settle forex probe not enough - report 17 Dec 2014

- The 500 million pounds (US$783.70 million) Barclays PLC set aside to settle allegations of rigging the foreign exchange market will not be enough, the bank's Chief Executive Antony Jenkins said in an interview to Sky News.