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Finance Banks

  • UniCredit has a bold plan for itself

    Gianluca Corradi, head of UK banking practice at Simon-Kucher & Partners, says that UniCredit's strategic planning involves "no fancy finance."

  • LONDON, Jan 30- The British government has reduced its stake in Lloyds Banking Group to just below 5 percent as it aims to return the bank to full private ownership in the next few months. UK Financial Investments Limited, which manages the government's stake, resumed share sales in October, having halted them for almost a year due to market turbulence.

  • LONDON, Jan 30- The British government has cut its stake in Lloyds Banking Group to just below 5 percent as it aims to return the bank to full private ownership in the next few months. UK Financial Investments Limited, which manages the government's stake, resumed share sales in October, having halted them for almost a year due to market turbulence.

  • Chairman Shigenori Shiga is ready to step down to take responsibility for the upcoming charge- estimated at around $6 billion, local media have also reported. "No explanations were offered as to the ultimate scale of the impairment losses to be recorded in the business or how the company intends to control risk going forward," Takeshi Tanaka, an analyst at Mizuho...

  • TOKYO, Jan 30- Mitsubishi UFJ Trust and Banking Corp is preparing to sue Toshiba Corp for 1 billion yen in damages after its share price tanked due to a $1.3 billion accounting scandal two years ago. The trust bank is seeking compensation on behalf of its client pension funds, a spokesman said on Monday. The development is an extra headache for the conglomerate...

  • All looks well with UBS earnings: Analyst

    Peter Casanova, equity research analyst at Kepler Cheuvreux, says the Swiss bank's dividends are in line with expectation, reflecting confidence in the future.

  • A man walks past the U.S. Federal Reserve building in Washington.

    Recently released transcripts from FOMC meetings provide a window into how central bank leaders saw the jobless problem.

  • The headquarters of Banca Monte dei Paschi di Siena SpA, the oldest surviving bank in the world and Italy's third-largest bank.

    Twenty billion euros earmarked by the Italian government will be enough to help recapitalize weak banks, the Bank of Italy governor said.

  • BAKU, Jan 28- The Azeri government has increased its stake in the country's largest bank to over 76 percent after injecting 600 million manats of additional capital, the finance ministry said in a move to shore up the lender. Azerbaijan, an energy-dependent former Soviet republic, been grappling with an economic crisis in the wake of the fall in global oil prices...

  • LJUBLJANA- European Central Bank President Mario Draghi to give a speech at the joint ECB/ Bank of Slovenia conference on the 10th anniversary of the adoption of the euro- 1215 GMT. PRAGUE- Czech National Bank monetary policy meeting, after which a statement and a presentation will be published. CANBERRA- Reserve Bank of Australia interest rate meeting- 0330 GMT.

  • Jan 26- Citigroup Inc has quietly launched a website to make small business loans of up to $1 million, the latest effort by a big bank to make the process of smaller loans more technology-friendly. Banks have been cautious about entering the online lending space despite the proliferation of online non-bank lenders such as On Deck, LendingClub Corp Prosper...

  • UBS under pressure

    CNBC's Dominic Chu reports on the moves in UBS stock following the banking giant's earnings release.

  • BOGOTA, Jan 27- Colombia's central bank held its benchmark interest rate steady on Friday amid concerns over still-high inflation, even as economic growth estimates head downhill. The following is a Reuters translation of the statement accompanying the bank's decision:. The board of directors of the central bank decided to keep the interest rate at 7.5...

  • NEW YORK, Jan 27- The U.S. Federal Reserve will stop reinvestments of its mortgage-backed securities holdings in April 2018 in an attempt to shrink its $4.2 trillion balance sheet that had ballooned from bond purchases to combat the last recession, Morgan Stanley analysts said on Friday. "We believe the FOMC will halt its reinvestments of MBS in April 2018,...

  • LONDON, Jan 27- Two London traders who conspired to defraud a Russian bank of more than 141 million pounds in a series of complex scams were sentenced on Friday to a total of 19 years in jail, police said on Friday. Georgy Urumov, 37, was jailed for 12 years and Vladimir Gersamia, 33, for seven years after being found guilty of multiple fraud offenses following a...

  • *Bank's policymakers to issue new forecasts on Feb. 2. LONDON, Jan 27- Mark Carney, who has spent much of his time in charge of the Bank of England trying to signal what the central bank is planning, will probably say next week that he doesn't know what its next move will be. Carney and his fellow policymakers are likely to stick to their neutral stance on whether to cut or...

  • Barney Frank

    Here's what Dodd-Frank co-sponsor Barney Frank thinks will happen to financial reform under Trump.

  • BaFin President Felix Hufeld discusses the German banking environment.

  • BaFin President Felix Hufeld speaks about how Brexit uncertainty is affecting the banking sector.

  • LONDON, Jan 27- It is time to buy European bank shares again, Bank of America Merrill Lynch's European strategists said on Friday, on expectations that the "reflation" trade, which had paused in recent weeks, is set to pick up again. On the flipside, BAML strategists recommended investors avoid "markets with potential trap doors", such as the UK, Spain and Germany.

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