European Commission rejects ING's request to repay hybrid capital to private investors
By New Statesman - 01 December 10:50

ING claims it cannot repay its private hybrid capital holders until it has repaid the capital it rec

Taxation of foreign profits to come under review
By New Statesman - 29 November 16:08

Osborne seeks to recoup tax without risking capital flight

Scotiabank expands insurance products suite
By New Statesman - 29 November 12:34

Bank has also opened its second retail ScotiaLife Financial Insurance Centre in Toronto

Prudential UK enters into buy-in contracts with GSK
By New Statesman - 29 November 12:28

GSK has purchased bulk annuity policies from Prudential

FSA charges five former Blue Index staff for insider dealing
By New Statesman - 29 November 12:23

Individuals charged include two former directors and one former senior trader

Private equity to acquire Del Monte Foods for $5.3bn
By New Statesman - 29 November 12:16

KKR member says Del Monte has a first-rate brand portfolio and an excellent reputation

Standard Chartered pulls out of UK bonus pact
By New Statesman - 26 November 13:03

company states that 90 per cent of its profits come from outside the UK so will not treat its UK sta

ProSight Specialty Insurance acquires Nymagic
By New Statesman - 26 November 12:34

Nymagic's common stock will cease to trade on the NYSE

BNP Paribas Securities Services opens new office in Barcelona
By New Statesman - 26 November 12:30

New Barcelona office will provide tailor-made clearing and custody solutions in the Spanish market.

Dubai Islamic Bank and Eiffel Management launch Emirates REIT
By New Statesman - 26 November 12:25

Company will be governed by the Dubai Financial Services Authority

UBS sued for $2bn over Madoff's Ponzi scheme
By New Statesman - 25 November 11:35

Picard charged UBS with lending "an aura of legitimacy" to the Madoff funds

IDB, Intesa Sanpaolo sign MoU to strengthen cooperation in Latin America, Caribbean
By New Statesman - 25 November 11:11

Company will also consider supporting Italian SMEs considering investment in the area

Leader: Ordinary workers will pay the price for Ireland’s humiliation
By Staff blogger - 25 November 7:25

If Ireland's economic model has been discredited, its political class has been disgraced.

Eurex to launch Canadian single stock futures
By New Statesman - 24 November 11:19

The futures contracts will be based on shares of Bank of Montreal, BCE, Canadian Imperial Bank of Co

BMI Bank, Tamkeen launch new Sharia-compliant financing scheme
By New Statesman - 24 November 11:09

Tamkeen will guarantee 50% of total financing amount

FBI probes deeper into insider-trading; 3 US hedge funds raided
By New Statesman - 23 November 14:45

Raids part of a broader investigation of the financial services industry

United Gulf Bank increases stake in Burgan Bank to 17%
By New Statesman - 23 November 10:49

Decision affirms that Burgan Bank has made progress

Walker wants UK not to go ahead with pay band disclosure for bankers
By New Statesman - 22 November 14:00

Proposal could put George Osborne and Vince Cable at loggerheads

Franklin Templeton to acquire Rensburg Fund Management from Investec
By New Statesman - 22 November 11:56

The transaction is to be completed early next year

Huhne expresses veiled displeasure over Treasury's attitude to green bank
By New Statesman - 19 November 13:07

Energy and climate change secretary in disagreement with Chancellor, according to reports.

Russian Bank VTB 24 partners with Vasco to secure banking channels
By New Statesman - 19 November 11:02

Move aims to provide security for both retail and corporate customers.

Citi renews US private label card partnership with Tractor Supply Company
By New Statesman - 19 November 10:58

Operator of retail farm and ranch stores will administer the credit card programme for an additional

FSA publishes platform proposals
By New Statesman - 19 November 10:53

From January 2013, the cost of advice will be decided by the client and adviser, not the adviser and

Penson Financial Services Australia expands into execution services
By New Statesman - 18 November 14:47

The company also plans to market its services in the APAC region

FSA recommends changes to mortgage sales process
By New Statesman - 18 November 14:43

Proposal follows responsible lending advice

Manchester United's Glazer family to pay off £220m of loans
By New Statesman - 16 November 12:18

Loans were initiated to help finance 2005 takeover of football club.

Kingsway third quarter swings to profit
By New Statesman - 16 November 11:09

Kingsway Financial Services, a provider of automobile insurance services, has reported a net income

Warner to place $750m bid for EMI's recorded music division
By New Statesman - 15 November 12:55

Citigroup in favour of selling EMI's recorded music division as part of debt-reduction programme.

Santander defends decision to withdraw support for Pontin's debts
By New Statesman - 15 November 12:50

Holiday park's former owner has accused banking giant of pushing the firm into administration.

ICBC opens new branch in Abu Dhabi
By New Statesman - 15 November 11:50

New Industrial and Commercial Bank of China opening follows new branches in Dubai and Doha.

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