Banking Services
European stock markets slump, RBS shares rise
Feb 06, 2013 13:12 EST
Most major European stock markets fell on Wednesday but London eked out a gain as shares in the Royal Bank of Scotland rose despite the bank facing big fines over the Libor rate-rigging scandal.
London shares close higher as RBS takes Libor hit
Feb 06, 2013 12:37 EST
London shares closed higher on Thursday as Royal Bank of Scotland announced a deal to pay fines totalling $612 million for its involvement in the Libor rate-rigging scandal, dealers said.
Royal Bank of Scotland fined $612 mn to settle Libor probe
Feb 06, 2013 11:02 EST
State-rescued Royal Bank of Scotland will pay fines totalling $612 million (453 million euros) to US and British regulators to settle allegations of Libor interest rate rigging, it announced on Wednesday.
RBS to pay $612 mn in Libor rate-rigging fines
Feb 06, 2013 09:34 EST
Royal Bank of Scotland said on Wednesday it had agreed to pay $612 million (453 million euros) to US and British regulators to settle allegations of trying to rig the key Libor interest rate.
US-British Libor rate-rigging fines total $612 mn: RBS
Feb 06, 2013 09:03 EST
Royal Bank of Scotland said on Wednesday it had agreed to pay $612 million (453 million euros) to US and British regulators to settle allegations of trying to rig the key Libor interest rate.
Germany unveils tough new banking rules
Feb 06, 2013 08:43 EST
The German government unveiled Wednesday tougher new banking rules which it hopes will help prevent financial crises in the future and make the banks themselves bear more of the responsibility.
Germany approves laws to shore up banking system
Feb 06, 2013 07:33 EST
The German cabinet approved Wednesday a raft of tougher new banking rules to shore up the financial sector against future crises and make banks and insurers shoulder more of the responsibility should they go bust.
House prices slip in January: survey
Feb 06, 2013 07:04 EST
British house prices dipped in January from the level in December, but climbed on an annual basis for the first time for 27 months in a sign of improvement in the property market, a key survey showed on Wednesday.
European stock markets mostly fall
Feb 06, 2013 07:00 EST
European stock markets mostly fell on Wednesday but London's FTSE gained as Royal Bank of Scotland shares rose even though the bank said that it faces big fines over the Libor rate-rigging crisis.
RBS bank to pay 'significant penalties' over Libor
Feb 06, 2013 05:41 EST
Royal Bank of Scotland on Wednesday said it expected to pay "significant penalties" and face other sanctions from British and US financial regulators over its role in the Libor rate-rigging scandal.
RBS to pay 'significant' Libor penalties'
Feb 06, 2013 05:11 EST
Royal Bank of Scotland on Wednesday said it expected to pay "significant penalties" and face other sanctions from British and US financial regulators over its role in the Libor rate-rigging scandal.
RBS bank says to pay 'significant penalties' over Libor
Feb 06, 2013 02:51 EST
Royal Bank of Scotland on Wednesday said it expected to pay "significant penalties" and face other sanctions from British and US financial regulators over its role in the Libor rate-rigging scandal.
RBS investment banking chief to quit over Libor
Feb 05, 2013 20:12 EST
The head of the Royal Bank of Scotland's investment banking arm is to step down over the Libor rate-rigging scandal, British media reported.
Taiwan banks to offer Chinese yuan services
Feb 05, 2013 14:29 EST
Taiwanese banks will start allowing customers to open Chinese yuan accounts and remit funds to the mainland from Wednesday, officials said, in the latest sign of warming economic ties between the former rivals.
FTSE 100 shares end higher
Feb 05, 2013 12:16 EST
London shares closed higher on Tuesday as investors reacted to positive corporate figures.
UBS suffers 2012 loss on Libor-fixing fines
Feb 05, 2013 07:44 EST
Swiss banking giant UBS said Tuesday it suffered a crushing loss last year, as massive fines from the Libor rate-fixing scandal weighed especially heavily on its results.
UBS swings to $2.7 bn loss on Libor-fixing fines
Feb 05, 2013 04:34 EST
Swiss banking giant UBS announced on Tuesday a net loss of 2.5 billion Swiss francs (2 billion euros, $2.7 billion) as fines from the Libor rate-fixing scandal weighed on results.
UBS suffers $2.7 bn 2012 net loss on Libor-fixing fines
Feb 05, 2013 03:53 EST
Swiss banking giant UBS announced on Tuesday a net loss of 2.5 billion Swiss francs (2 billion euros, $2.7 billion) as fines from the Libor rate-fixing scandal weighed on results.
Swiss bank Julius Baer sees profits jump 15% in 2012
Feb 04, 2013 14:00 EST
Swiss private bank Julius Baer on Monday posted a 15-percent hike in its 2012 net profit, largely meeting market expectations, but nonetheless saw its share price shrink amid disappointment over its margins.
European stocks dive on political turmoil in Spain, Italy
Feb 04, 2013 12:46 EST
European stock markets plunged on Monday and the euro dropped against the dollar amid fears of political turmoil in Spain and Italy, with banking shares suffering some of the heaviest losses.
