FT News Feed
The latest banks and financial services company and industry news with expert analysis from the Financial Times
Updated: 2 hours 35 min ago
Pandit returns to banking via India
The former Citigroup chief and another Indian executive are acquiring a stake in JM Financial and launching a fund to invest in distressed assets
Categories: News Centre
BNP US trader left after large loss
Lionel Crassier, the then New York-based US head of equities, left the French lender last year after a loss of between $10m and $25m
Categories: News Centre
Lloyds shares reach ‘break even’ level
The banking group’s share price has risen above the level where the government would break even, raising the prospect of a sale of its stake
Categories: News Centre
JPMorgan appoints global co-heads of M&A
Move acknowledges increasing prominence of crossborder dealmaking, even as overall M&A volumes continue to decline in wake of global financial crisis
Categories: News Centre
BNP launches full-service mobile bank
‘Hello’ brand, which has been ‘specifically designed for mobiles with a rapid and permanent connection’, aims to have 1.4m customers by 2017
Categories: News Centre
Citi unit exits Bloomberg chat groups
US bank highlights concerns over online security, with the financial data provider under fire amid fears its journalists accessed private details
Categories: News Centre
RBS unveils 1,400 fresh job losses
UK lender slims down administration at its retail head office so it can invest £700m over three years and focus resources on its branches
Categories: News Centre
PM hints he is ready to see RBS sell-off
David Cameron said he was open to the idea of ‘involving people in owning this bank in a genuine way’ – an echo of the ‘Tell Sid’ sell-offs of the 1980s
Categories: News Centre
Citi sells Brazil units to Itaú-Unibanco
Acquisition of Credicard, a company that Itaú helped create, strengthens the Brazilian bank’s hold over the country’s credit card market
Categories: News Centre
HSBC plan could leave it dodging bullets
A bank that returns capital to shareholders over and above vanilla dividends is signalling the cash cannot be lent lucratively
Categories: News Centre
Spain haunted by refinanced loans
Regulators are concerned that the country’s banks are shying away from admitting the full extent of damage inflicted on their loan books
Categories: News Centre
Banks sue Lisbon over ‘toxic’ asset claims
JPMorgan and Banco Santander file lawsuits in London over a legal dispute over derivative contracts sold to Portuguese state-owned companies
Categories: News Centre
Down at the Co-op
Downgrades raise questions about scrutiny of the group’s bank while the strain loans place on its capital is raising doubts about its future
Categories: News Centre
HSBC signals Europe’s first bank buyback
Lender unveils further round of heavy cost-cutting and becomes the first leading European bank to raise the prospect of share buybacks
Categories: News Centre
Brown-Vitter alone won’t fix the banks
Instead of the American tax code taking a whack out of big finance’s equity, there should be introduction of a tax on bank debt, says Mark Roe
Categories: News Centre
RP Martin suspends chief in Libor probe
Move comes as investigation deepens into interdealer broker’s role in manipulation of Libor rates, which saw two former employees arrested in December
Categories: News Centre
Rosbank head suspected of taking bribes
Police detain Vladimir Golubkov, chief of SocGen’s arm in the country, and one other bank official on suspicion of receiving illegal payments
Categories: News Centre
Spanish banks under pressure on bad loans
Move reflects concern among regulators that banks still shying away from admitting full extent of damage inflicted by long-running economic crisis
Categories: News Centre
Italy airs pessimistic view on recovery
At best the eurozone’s third-largest economy would see a bottoming out of its longest postwar recession in the final quarter of 2013, some say
Categories: News Centre
Abu Dhabi shares highest since 2008
Increase in bank stocks helps to lift the emirate’s index as its lenders improve their earnings
Categories: News Centre
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