Sarah White

Top lenders back Greek bond swap plan

LONDON/ATHENS (Reuters) - Greece's major bondholders voiced their support on Monday for a deal that will halve the value of their debt holdings and aims to put the country back on a sustainable debt-repayment footing.
 

Exclusive: C. Suisse banker sought Romney donations

March 2, LONDON (Reuters) - A Credit Suisse executive set off an email chain seeking donations from subordinates for Republican presidential candidate Mitt Romney that ended up in the hands of non-U.S. citizens, prompting concerns that it could violate laws barring foreign contributions, according to bank sources.
 

Exclusive: Credit Suisse banker sought Romney donations

March 2, LONDON (Reuters) - A Credit Suisse executive set off an email chain seeking donations from subordinates for Republican presidential candidate Mitt Romney that ended up in the hands of non-U.S. citizens, prompting concerns that it could violate laws barring foreign contributions, according to bank sources.
 

HSBC upbeat on Asia as profit hits $22 billion

LONDON (Reuters) - HSBC Holdings Plc <HSBA.L>, Europe's biggest bank, predicted growth in Asia and other emerging markets would outweigh sluggish European economies this year as it posted a $21.9 billion profit for 2011, the best outturn by a western bank so far.
 

Barclays warns may miss profit goal

LONDON (Reuters) - British bank Barclays <BARC.L> warned it may miss its medium-term profitability target after it ended 2011 with its worst quarter for three years as the euro zone debt crisis hit bond trading, dragging its annual profit down on the year before.
 

Greek debt talks resume in race against the clock

ATHENS (Reuters) - Greece resumes tortuous negotiations on a debt swap with private creditors in Athens on Thursday, with the European Central Bank thrown into the mix after IMF chief Christine Lagarde said public sector holders of Greek debt may need to take losses too.
 

ECB at centre as Greek debt talks resume

ATHENS (Reuters) - Greece's tortuous negotiations over a debt swap with private creditors entered a new phase on Thursday with focus on how much the European Central Bank and other public creditors may need to contribute.
 

ECB at center as Greek debt talks resume

ATHENS (Reuters) - Greece's tortuous negotiations over a debt swap with private creditors entered a new phase on Thursday with focus on how much the European Central Bank and other public creditors may need to contribute.
 

ECB role under scrutiny as Greek debt talks resume

ATHENS (Reuters) - Greece's tortuous negotiations over a debt swap with private creditors honed in on Thursday on demands that the European Central Bank contribute to a deal to bring Athens' messy finances back on track.
 

Greece, creditors edge closer to deal

ATHENS (Reuters) - Greece and its private creditors made progress on Thursday in talks on restructuring its debt, both sides said, and they will continue negotiating on Friday with the aim of sealing an agreement within a few days.
 

Citi mulls more cuts in securities and banking

(Reuters) - Citigroup Inc said it may make further cuts in its securities and banking unit in 2012 if revenue does not pick up meaningfully, as the prospect of more layoffs looms large over investment banks globally.
 

UK's Cameron says bank bonuses "out of control"

LONDON (Reuters) - Bonuses in Britain's financial services sector have been "out of control" in recent years, Prime Minister David Cameron said on Thursday, unveiling plans to cap cash rewards again at state-backed banks.
 

Insight: EU banks shrink; Irish farmers, Qatari bosses flinch

LONDON (Reuters) - From his idyllic farm in Ireland's lush Wicklow Hills, Colin Hadden hatched a plan to supply his lean, grass-fed specialty lamb to some of Dublin's finest restaurants.
 

Hedge funds hunker down for Greek debt standoff

LONDON (Reuters) - Hedge funds are positioning to profit from a plan to slash Greece's towering debt pile as Athens enters final talks that could sway the country's membership of the euro.
 

No guarantee Greek debt swap will go through: troika source

ATHENS (Reuters) - There is no guarantee that talks on a voluntary private sector contribution to Greece's international bailout will succeed, a senior official from the "troika" of EU, IMF and ECB inspectors said on Friday.
 

Credit Agricole to cut jobs as loss looms

PARIS (Reuters) - Credit Agricole <CAGR.PA> will make a 2011 loss, write off 2.5 billion euros ($3.24 billion) worth of assets and cut 2,350 jobs in a cull of its investment banking operations, the French bank said on Wednesday in its second profit warning of the year.
 

London bankers baffled by protest camp's aims: survey

LONDON (Reuters) - Most finance industry workers are baffled by the anti-capitalist protest taking place outside London's St Paul's cathedral, and are struggling to understand what the movement is trying to achieve, a survey published Wednesday showed.
 

Credit Agricole to cut 2,350 jobs: union source

PARIS (Reuters) - Credit Agricole <CAGR.PA> is to cut 2,350 jobs, primarily in investment banking, a union source told Reuters Wednesday, as the French bank slashes costs and ploughs ahead with a back-to-basics strategy sped up by the eurozone debt crisis.
 

EU bank capital hole deepens to 115 billion euros

FRANKFURT (Reuters) - Europe's banks must find 114.7 billion euros of extra capital, more than predicted two months ago, to make them strong enough to withstand the euro zone debt crisis and restore investor confidence.
 

EU bank capital hole deepens to 115 billion euros

FRANKFURT (Reuters) - Europe's banks must find 114.7 billion euros of extra capital, more than predicted two months ago, to make them strong enough to withstand the euro zone debt crisis and restore investor confidence.