Banking And Finance NEWS

China Construction Bank seeks acquisitions in Europe — report

Chinese lender China Construction Bank Corp (SHA:601939), or CCB, is interested in buying a European bank, or a minimum of 30% to 50% in one and has CNY100bn (USD15.8bn/EUR12.01bn) of cash available to … Continue reading “China Construction Bank seeks acquisitions in Europe — report”


UPDATE 2: No problems with HSBC’s internet banking system

Banking giant HSBC has contacted Financial News and confirmed that there currently are no problems with the bank’s internet banking system. Nigel Hinshelwood, UK Retail Bank Chief Operating Officer at HSBC said: “There … Continue reading “UPDATE 2: No problems with HSBC’s internet banking system”


Swiss banks expect exodus as foreign tax authorities demand increased transparency

Swiss banks are expected to lose billions of francs in deposits and assets as cash-strapped European governments, struggling to balance their budgets, are applying pressure on Switzerland to introduce tighter rules to prevent … Continue reading “Swiss banks expect exodus as foreign tax authorities demand increased transparency”


Spanish deposits shrink by €74bn as recession deepens

Depositors in recession hit Spain withdrew EUR74bn from the country’s banks in July, according to figures from the European Central Bank (ECB). The deposit loss equals 7% of Spain’s GDP in a single … Continue reading “Spanish deposits shrink by €74bn as recession deepens”


France’s Credit Agricole still interested in selling stake in Spanish Bankinter

French banking group Credit Agricole SA (EPA:ACA) views the stake it owns in Spanish peer Bankinter SA (MCE:BKT) as non-strategic and it is still considering all options regarding a further sale of Bankinter … Continue reading “France’s Credit Agricole still interested in selling stake in Spanish Bankinter”


JPMorgan Asset Management to lift stake in Channel Island-based Aqua Resources

Channel Islands-based water infrastructure fund Aqua Resources Fund Limited (LON:H2O) said on Tuesday that the private equity arm of JPMorgan Asset Management had offered to buy more of its stock and raise its … Continue reading “JPMorgan Asset Management to lift stake in Channel Island-based Aqua Resources”


BBC Radio 4 explores ways to fix Britain’s broken banking system

On Saturday afternoon BBC’s Radio 4 reached the halfway point in a new series looking at what is wrong with British banking and how it might be repaired. ‘Fixing Broken Banking,’ presented by … Continue reading “BBC Radio 4 explores ways to fix Britain’s broken banking system”


London-listed Standard Chartered cleared to acquire Credit Agricole’s Turkish operation

The Turkish Competition Board has cleared British lender Standard Chartered Plc (LON:STAN) to buy Credit Agricole Yatirim Bankasi Turk AS, a unit of French banking group Credit Agricole SA (EPA:ACA), the regulator said … Continue reading “London-listed Standard Chartered cleared to acquire Credit Agricole’s Turkish operation”


HSBC considers sale of its stake in Vietnamese insurance group Bao Viet

British banking and financial services group HSBC Holdings plc (LON:HSBA) said on Thursday it was reviewing strategic options for its 18% interest in Vietnamese insurer Bao Viet Holdings including a potential sale, confirming … Continue reading “HSBC considers sale of its stake in Vietnamese insurance group Bao Viet”


Standard Chartered shares plummet after money laundering allegations

Banking group Standard Chartered plc (LSE:STAN) has seen its share price fall around 24% today after US regulators accused the institution of hiding 60,000 secret transactions for financial institutions in Iran. The New … Continue reading “Standard Chartered shares plummet after money laundering allegations”


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