Banking And Finance NEWS

AIG’s German arm raises offer for property investor AIRE

AIG Century GmbH & Co KGaA, part of US insurance major American International Group Inc (NYSE:AIG), said on Monday it had hiked its voluntary tender offer for German real estate investor AIRE GmbH … Continue reading “AIG’s German arm raises offer for property investor AIRE”


Necessary Family Income Risen 16% Above Inflation

Since the beginning of the recession the earnings the average family needs to maintain a minimum lifestyle has risen 16% above inflation, claims a recent report. The research, recently published by the Joseph … Continue reading “Necessary Family Income Risen 16% Above Inflation”


Increase in UK government borrowing for June

Borrowing by the UK government increased by more than expected in June 2012 as the economy remained weak, official figures revealed today. Estimates from the Office for National Statistics (ONS) show that public … Continue reading “Increase in UK government borrowing for June”


Rate-rigging investigation gathers pace in Europe

Investigations into the attempted manipulation of benchmark interest rates are focusing on four European banks, the Financial Times reported today. It’s claimed that evidence of links to the scandal at Crédit Agricole, HSBC, … Continue reading “Rate-rigging investigation gathers pace in Europe”


Kepler in exclusive talks to acquire Credit Agricole Cheuvreux

The corporate and investment banking unit of French lender Credit Agricole SA (EPA:ACA) has entered into exclusive talks to sell its Credit Agricole Cheuvreux (CA Cheuvreux) subsidiary to local financial services firm Kepler … Continue reading “Kepler in exclusive talks to acquire Credit Agricole Cheuvreux”


British banking giant HSBC used to launder Mexican drug money

UK’s largest bank HSBC was used to launder Mexican drug money, according to a new report by the Senate Permanent Subcommittee on Investigations, a Congressional watchdog responsible for investigating financial improprieties. The investigation … Continue reading “British banking giant HSBC used to launder Mexican drug money”


The ten most influential financial lobbyists in the UK — TBIJ

The following list details the ten most powerful financial lobbyists in the UK, selected by The Bureau of Investigative Journalism. The list follows an earlier report by TBIJ, published last week by Financial … Continue reading “The ten most influential financial lobbyists in the UK — TBIJ”


Private equity firms in talks to acquire RBS’ Direct Line

Royal Bank of Scotland Group Plc (LON:RBS) may not get to list its unit Direct Line Insurance Plc as two consortia made up of leading private equity groups prepare to make a move … Continue reading “Private equity firms in talks to acquire RBS’ Direct Line”


The City spent £92m on lobbying politicians last year — report

The British financial services industry spent more than £92m last year lobbying politicians and regulators in an ‘economic war of attrition’ that has secured a string of policy victories, The Bureau of Investigative … Continue reading “The City spent £92m on lobbying politicians last year — report”


UK insurance firm Aviva sells more Delta Lloyd shares due to strong demand

British insurer Aviva Plc (LON:AV), a 41.3%-owner of Delta Lloyd NV (AMS:DL), will sell 37m shares of the Dutch insurance firm, more than initially planned, due to favourable demand from investors, Delta Lloyd … Continue reading “UK insurance firm Aviva sells more Delta Lloyd shares due to strong demand”


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