European markets closed sharply lower on Monday, despite paring some losses, amid a staggering selloff in stock markets around the world.» Read More
Banks in the euro zone could offer the best returns, says David Herro, Morningstar's international fund manager of the decade.
All five of the U.K.'s biggest banks posted profits for the first half of 2013, but a report on Monday warned that banks and regulators may be too focused on combating the wrongs of the past to take heed of future threats.
António Horta-Osório, CEO of Lloyds Banking Group, said he aims to start paying out up to 70 percent of the bank's earnings in dividends within three years.
ShaNew Zealander Ross McEwan was confirmed as boss of Royal Bank of Scotland on Friday, tasked with laying the foundations for Britain to start selling its 81 percent stake in the bank.
Singapore sovereign wealth fund GIC said it believes the western banking industry is healing and it has the capacity to invest more in the financial sector.
European shares closed higher on Thursday as investors reacted to strong U.S. and European data, as well as rate decisions from the European Central Bank (ECB) and the Bank of England (BoE).
Some of Europe's largest banks reported better-than-expected earnings on Thursday, despite difficult trading conditions in the region, as a big week for bank results nears its end.
Barclays' cash call, aimed at boosting its capital strength and meeting another hefty mis-selling charge, could bode ill for other U.K. banks such as Lloyds, analysts said.
U.K. bank Lloyds returned to profit in the first half of the year and indicated that it wouldn't be following in the footsteps of rival Barclays by issuing equity to meet capital requirements set by regulators.
Barclays said it would give an update on its capital plans alongside its first-half results on Tuesday, responding to weekend media reports the bank is considering selling new shares.
Analysts at Citi on Friday released a note to warn of their "neutral" rating on top-performing banking stock, offering alternative investing advice and telling investors to stay away from the "love-in".
Richard Ward, CEO of Lloyd's Of London, reveals the results of its survey which shows the greatest risks to global businesses include taxes, loss of orders and cybersecurity threats.
European shares posted gains to close higher on Monday, after an upbeat start to Wall Street, and better news from Greece and Portugal.
The banking watchdog said the aggregate capital shortfall at five major U.K. banks at the end of 2012 was 27.1 billion pounds, slightly higher than its 25 billion initial estimate in March this year.
George Osborne renewed his commitment to promote competition in retail banking on Wednesday, and inquired into the effects of mandatory branch sales by Lloyds and RBS.
Bankers who are reckless with customers' or taxpayers' money could face criminal charges and have bonuses and pensions clawed back.
Chris Wheeler, bank analyst at Mediobanca, expects the U.K. Chancellor to outline his plans for the privatization of Lloyds and RBS next week.
European shares closed slightly lower on Monday, dragged down by miners following warnings from analysts that Chinese growth would slow further after weaker than expected trade data.
Lloyds Banking Group Chairman Win Bischoff is to retire in the next year, handing the reins to a successor who must steer it through a potentially risky multi-billion pound government share sale.
The head of the Co-operative Bank stepped down on Friday, after agency Moody's downgraded its debt ratings and said it might have to ask for money to bolster its capital.