Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back.» Read More
John Nelson, Lloyd's of London chairman, explains why the insurance sector as a whole is returning to profitability, despite several global catastrophes.
After five long years of deleveraging, the U.K. banking sector finally looks ready to make a comeback, with 2013 set to be a turnaround year.
European shares pared gains on Tuesday to close lower, after a raft of euro zone economic data softened earlier rises from positive earnings reports.
David Enrich, European banking editor at Wall Street Journal, discusses European banks' quarterly results and says the positive outcome of the crisis is that banks have refocused on core areas.
Simon Maughan, financials sector strategist at Olivetree Financial Group, tells CNBC that investors are looking for progress on capital, progress on earnings and a dividend, which is what Lloyds Banking Group is about.
*Bank places 90 million shares at 32.90 euros each. FRANKFURT/ LONDON, April 30- Deutsche Bank AG completed a 2.96 billion euros share issue on Tuesday, quashing lingering worries about its finances and showing renewed appetite among investors for European bank stocks.
European shares closed higher on Monday after Italy's new Prime Minister announced his reform plans in his maiden speech to parliament.
The Bank of England's Funding for Lending Scheme (FLS) is like a "pretty bandaid" for the banking sector, one economist told CNBC on Wednesday after the central bank expanded the program.
Britain's biggest retail bank Lloyds received more complaints than any of its rivals in the second half of 2012, data published by the U.K.'s financial regulator showed.
LONDON, April 12- Say sorry, give back some of the money and become an adviser. These appear to be the best routes to rehabilitation or at least a more peaceful life for bankers in Britain blamed and shamed for bringing their companies to their knees.
James Crosby, former boss of failed British bank HBOS, offered on Tuesday to give up his knighthood and nearly a third of his pension after being denounced by lawmakers for the "colossal failure" that led to his bank's collapse.
Bank chiefs at HBOS, once one of Britain's biggest banks, were condemned as a "model of self-delusion", in a damming report by Britain's Banking Standards Commission on Friday.
Patrick Jenkins, banking editor at Financial Times, tells CNBC that the HBOS report will lift the lid on a culture "driven by seeking profit at all costs" which should provide lessons for the future.
LONDON, March 27- European shares fell sharply on Wednesday, dragged lower by banks after soft demand at an Italian debt auction rattled investors already concerned about the implications of the bailout in Cyprus.
U.K. banks will be need to raise an extra 25 billion pounds ($38 billion), the Bank of England's Financial Policy Committee (FPC) said on Wednesday, detailing the capital shortfall facing the country's financial institutions.
European shares closed lower on Tuesday as markets await the outcome of a critical vote in Cyprus to tax bank deposits.
LONDON, March 11- Britain will resist calls to impose far stricter rules on how much banks can leverage their capital for investments and lending, insisting that there is no need to do so before 2018..
*Austere regulatory environment knocks UK lenders. *Norway's DNB lower on provision concerns. LONDON, March 11- European stocks pulled back from more than four-year highs on Monday as banking shares tumbled after Italy's credit downgrade and due to potentially austere regulatory measures in the UK. points, or 0.4 percent, at 1,190.22.
Britain should force all banks to split routine retail operations from riskier investment activities if a single lender abuses new rules designed to protect taxpayers, an influential panel of lawmakers said. The government's Banking Reform Bill is due to be debated in parliament on Monday.
LONDON, March 11- Britain should adopt legislation that could force all banks to split routine retail operations from riskier investment activities if new rules designed to protect taxpayers fail, an influential panel of lawmakers said.