LONDON - Chancellor George Osborne said on Sunday that he intends to sell billions of pounds of government shares in Lloyds Banking Group to small investors if his Conservative Party wins the May 7 election.
MODENA, Italy - Banca Popolare dell'Emilia Romagna (BPER) is looking at merging with an equal or smaller rival, its CEO said on Saturday, ruling out a tie-up with a larger cooperative bank such as UBI Banca or Banco Popolare .
FRANKFURT - Deutsche Bank will sell Postbank but keep a pared back own-brand retail business in the overhaul plan currently favoured by management, sources familiar with the internal discussions at Germany's biggest lender said.
FRANKFURT - Deutsche Bank will sell Postbank but keep its own-branded retail division under one of two strategic overhaul models currently favoured by management, sources familiar with internal discussions said. [ID:nL5N0XF06R]
- Deutsche Bank is expected to unveil a major strategy revamp in the coming days that could separate its retail and investment banking businesses, setting a fresh course in the 145-year history of Germany's biggest lender.
FRANKFURT - Britain's financial regulator has harshly criticized Deutsche Bank's top management for failing to cooperate in its probe of the rigging of benchmark interest rate Libor, German magazine Der Spiegel said on Saturday.
LONDON - European Union plans to help markets raise more funds for the economy play to London's strengths as a global trading centre, the bloc's financial services chief Jonathan Hill told leading bankers and dealers on Friday.
- Citigroup Inc reported its highest quarterly profit in nearly eight years as costs plunged, showing that the bank's efforts to streamline its business may be starting to pay off.
- Goldman Sachs Group Inc reported its best quarterly profit in five years on Thursday, notching up big gains from trading bonds and currencies as global markets fluctuated during the first three months of the year. | Video
NEW YORK - Goldman Sachs Group Inc's blockbuster performance in stock trading last quarter has some Wall Street watchers wondering whether it knocked rival Morgan Stanley out of the top spot in equities.