ISTANBUL/LONDON - Dutch lender ING Group is set to win the auction to buy HSBC's Turkish business, people familiar with the matter said on Thursday.
LONDON - Britain has cut its stake in Lloyds Banking Group to below 16 percent, taking the total raised through the sale of the government's shares in the bank to more than 12.5 billion pounds ($19.5 billion).
LONDON - Royal Bank of Scotland said it will no longer provide cash management and trade finance services to thousands of customers outside Britain and Ireland and will instead refer them to French bank BNP Paribas.
FRANKFURT - Deutsche Bank's new Chief Executive John Cryan delayed implementing a strategic overhaul by three months but told staff to expect tough reforms as he shakes up a group that he said had become too diversified and complex. | Video
ZURICH - Tidjane Thiam put his stamp on Credit Suisse on his first day as chief executive on Wednesday, starting to build his top team and telling staff the Swiss bank needed a strong balance sheet to help it through rough times.
LONDON - The Bank of England's risk watchdog will extend its focus beyond making banks more stable to look at the lack of liquidity in fixed-income markets, which are now braced for more volatility as bonds price in eventual interest rate rises.
NEW YORK - A U.S. judge has refused to dismiss Allied Irish Banks Plc's lawsuit accusing Citigroup Inc of helping rogue currency trader John Rusnak rack up a $691 million loss.
LONDON - Spanish bank Santander and British mobile banking software provider Monitise have formed a joint venture to invest in financial technology businesses, they said on Wednesday.
NEW YORK - In September 2008, JPMorgan Chase & Co executives sifted through the rubble of Washington Mutual, the failed home loan bank that they had just won in a U.S. government auction.
- A BNP Paribas SA unit must pay $16.6 million (£10.55 million) to a London-based couple in a dispute stemming from an investment product that is typically sold to hedge funds and institutional clients, a securities arbitration panel has ruled.