ROME/MILAN Italy's economy minister sought to reassure investors on Thursday that they will not be hit in a rescue of two ailing regional banks, Popolare di Vicenza and Veneto Banca, after fears of a full "bail-in" hit the lenders' debt.
LONDON Britain's Serious Fraud Office said on Thursday that Barclays and its former senior bankers will not know until around mid-June whether they face criminal charges over a 2008 emergency fundraising from Qatar.
HONG KONG ChemChina has raised $20 billion (15.4 billion pounds) mainly in perpetual bonds to finance its purchase of Swiss seeds firm Syngenta , with Bank of China becoming the single largest investor providing half of that funding, according to a regulatory filing.
NEW YORK French bank BNP Paribas on Wednesday agreed to pay $350 million (269.84 million pounds) to New York’s banking watchdog to resolve a probe of misconduct in its foreign exchange business, which the regulator said enhanced the bank's profits at customers' expense.
LONDON A London trial of six former Deutsche Bank and Barclays traders, charged with manipulating benchmark Euribor interest rates, has been delayed until next year.
LONDON A judge has given Royal Bank of Scotland and thousands of investors until June 1 to agree a deal that would avert a trial over the bank's 12 billion pound cash call in 2008. | Video
NEW YORK Morgan Stanley, the biggest U.S. brokerage by head count, told brokers Tuesday that it is standing down from the expensive recruitment wars, following similar steps taken earlier this month by competitor Bank of America Merrill Lynch.
LONDON BHP has hired Barclays to divest its U.S. Fayetteville shale gas assets as the miner seeks to fend off an attack by activist funds, two sources close to the matter said on Tuesday.
LONDON A trial in which Royal Bank of Scotland is accused by investors of misleading them over its 2008 fundraising was delayed for a second day, as frantic settlement talks between the claimants and the bank continued in London on Tuesday.
LONDON Britain's Nationwide Building Society said on Tuesday that its underlying profit fell by 23 percent in the financial year that ended in April, as costs increased and it did not pass on the full effect of interest rate cuts to savers.