Banking Services
Greece says needs 27.5 bn euros to recapitalise 4 biggest banks
Dec 27, 2012 13:25 EST
Greece's four biggest banks need 27.5 billion euros ($36.4 billion) in recapitalisation funds by the end of April, the national central bank said in a report released Thursday.
Greece says needs 27.5 bn euros to recapitalise 4 banks
Dec 27, 2012 12:49 EST
Greece's four biggest banks need 27.5 billion euros ($36.4 billion) in recapitalisation funds, the national central bank said in a report released Thursday.
Bank of Cyprus issues 2012 profit warning
Dec 27, 2012 12:36 EST
Troubled Bank of Cyprus, the island's largest lender, issued a profit warning on Thursday, saying its 2012 results would be a lot worse than last year's due to increased provisions for bad debt.
Spain's Bankia plunges on market
Dec 27, 2012 05:42 EST
Shares in Spain's bailed-out lender Bankia plunged on the stock market Thursday after banking authorities said it had a negative of value of 4.148 billion euros ($5.5 billion).
Japan bank giant buys $743 mln stake in Vietnam lender
Dec 27, 2012 03:39 EST
Japan's biggest bank Mitsubishi UFJ on Thursday bought a 20 percent stake worth $743 million in state-owned VietinBank, the largest-ever merger or acquisition deal in Vietnam's banking sector.
Spain reveals sea of red ink at Bankia
Dec 26, 2012 16:45 EST
Spain revealed Wednesday an ocean of red ink in its bailed-out Bankia group at the heart of the nation's banking crisis.
Vietnam seeks economic boost with fresh rate cuts
Dec 24, 2012 00:42 EST
Vietnam on Monday cut its key interest rates for the sixth time in 2012 in an attempt to boost an economy growing at the weakest pace in more than a decade.
UBS 'manipulated Swiss franc rates since 2001'
Dec 23, 2012 11:55 EST
Swiss banking giant UBS, which last week was slapped with $1.5 billion in fines for manipulating global interest rates, also tampered with Swiss franc interest rates for more than a decade, a Swiss newspaper reported Sunday.
UBS tightens controls after Libor scandal: chairman
Dec 23, 2012 10:28 EST
Swiss banking giant UBS, hit with massive fines for manipulating global interest rates, has learned its lesson and is improving its control mechanisms, its chairman Axel Weber insisted in an interview published Sunday.
UBS manipulated Swiss franc rates since 2001: report
Dec 23, 2012 08:56 EST
Swiss banking giant UBS, which last week was slapped with $1.5 billion in fines for manipulating global interest rates, also tampered with Swiss franc interest rates for more than a decade, a Swiss newspaper reported Sunday.
British banking ring-fence 'needs electrification': study
Dec 20, 2012 19:16 EST
Reform of Britain's banks should go further to ensure a total ring-fencing of their retail and investment arms, a government commission set up after the Libor scandal said in its first report on Friday.
Fresh raid at Deutsche Bank offices in Germany
Dec 20, 2012 14:04 EST
Deutsche Bank offices have been searched for the second time in a week, the German bank said on Thursday, adding the latest were linked to a legal battle with the heirs of late media mogul Leo Kirch.
Rabobank in push to register merger with Polish BGZ
Dec 20, 2012 05:06 EST
Dutch bank Rabobank said on Thursday it would push to register its control of Bank Gospodarki Zywnosciowej of Poland by the end of next year, despite plans to reduce its interest in the Warsaw-based BGZ.
Hong Kong probes UBS over interbank rate rigging claims
Dec 20, 2012 04:20 EST
Hong Kong's de facto central bank on Thursday said it would probe UBS over possible rigging of the financial hub's interbank rate, a day after the Swiss giant agreed to pay a huge fine over the Libor scandal.
UBS hit with Libor scandal fines worth $1.5 bn
Dec 19, 2012 15:55 EST
Three national regulators slapped the equivalent of $1.5 billion in fines on Swiss banking giant UBS on Wednesday, the second-largest banking fine ever, for manipulating interest rates in a deepening scandal that threatens more than a dozen other banks.
FTSE ends higher on fiscal cliff deal hopes
Dec 19, 2012 12:50 EST
Shares in London climbed again on Wednesday on further hopes of a breakthrough deal to avoid the so-called US "fiscal cliff" and on news of rebounding German business confidence, dealers said.
US charges two former UBS traders
Dec 19, 2012 12:11 EST
The United States has charged two former UBS traders linked to the LIBOR manipulation scandal, officials said Wednesday.
UBS hit with $1.5 bn fines for manipulating Libor
Dec 19, 2012 05:00 EST
British, US and Swiss regulators hit Swiss banking giant UBS with fines of $1.5 billion on Wednesday -- one of the biggest-ever such sanctions -- in a deepening scandal over rigging of the Libor interest rate at the heart of global financial markets.
UBS agrees to pay $1.5 bn for manipulating Libor
Dec 19, 2012 03:10 EST
Swiss banking giant UBS said on Wednesday it had agreed to pay about $1.5 billion to British, US and Swiss regulators to settle allegations it manipulated Libor interest rates.
UBS agrees to pay $1.5bn for manipulating Libor
Dec 19, 2012 02:00 EST
Swiss banking giant UBS has agreed to pay around $1.5 billion to British, US and Swiss regulators to settle allegations it manipulated Libor interest rates, it said in a statement Wednesday.
