Achmea awards €230m fixed income mandate to BNY Mellon subsidiary
By New Statesman - 14 October 13:43

Management had previously been contracted to one investment manager.

Standard Chartered announced £3.3bn share issue
By New Statesman - 13 October 13:49

Rights issue to allow overseas expansion and meet Basel III capital requirements.

Lloyds defies FSA guidance on redressing mis-sold policies grievances
By New Statesman - 12 October 16:44

Lloyds will put the process "on hold" while the FSA reviews its standards, in defiance of the FSA.

Bankers warn against unilateralism in trade relations
By New Statesman - 11 October 14:07

Deutsche Bank chief executive calls for global coordination, warning against stronger national regul

RBS Sempra to sell commodities trading business lines to JP Morgan
By New Statesman - 11 October 13:54

Assets being sold include wholesale natural gas and power trading agreements, as well as over-the-co

Thomas Cook and Co-op to merge
By New Statesman - 08 October 13:24

Merger will bring together a total of 1,204 stores of the two companies, with the companies retainin

JP Morgan rolls out new liquidity management platform
By New Statesman - 08 October 11:41

Clients will be able to view JP Morgan global cash and investment balance information by legal entit

Citi sells retail sales finance portfolio to GE Capital
By New Statesman - 07 October 12:34

Retail partners include The Home Depot, Shell, Macy's, Sears and ExxonMobil, among others.

DBS Group in talks to sell asset management arm
By New Statesman - 07 October 12:27

Singaporean Group may acquire a small stake in Japan's Nikko Asset Management.

JP Morgan opens representative office in Bangladesh
By New Statesman - 06 October 12:01

Tthe new office will provide financial institution clients greater access to JP Morgan's array of se

Tesco to offer mortgages and current accounts services
By New Statesman - 05 October 13:05

The supermarket group will also launch a fixed-rate savings bond later this month.

AllianceBernstein acquires SunAmerica alternative investments group
By New Statesman - 05 October 12:29

AllianceBernstein takes over SunAmerica's portfolio of hedge fund and private equity fund investment

Banks may seek another bail-out, says NEF
By New Statesman - 04 October 13:47

UK Banks will face a funding gap of £25bn, according to a report by the New Economic Foundation.

Bloomberg introduces new Android app for business professionals
By New Statesman - 04 October 11:54

The new app for iPhone, iPad, Blackberry, Nokia, and now Android allows users to read stories while

Ireland nationalises Allied Irish Bank
By New Statesman - 01 October 15:31

Move comes a day after mass protests in Dublin's streets against public spending cuts to pay for the

Ratings agencies must be tightly supervised, says IMF
By New Statesman - 30 September 13:44

Sovereign credit ratings have inadvertently contributed to financial instability,according to the IM

Anglo-Irish Bank bailout to cost up to €34bn
By New Statesman - 30 September 13:41

The bailout would cost at least €29.3bn and as much as €34bn according to the Irish central bank.

BoE must resume quantitative easing, says Adam Posen
By New Statesman - 29 September 13:21

The Bank has already pumped £200bn into the UK economy.

Iceland's former PM to face charges over banking collapse
By New Statesman - 29 September 13:16

Geir Haarde could become the first head of state to be charged in connection with the global recessi

Paragon back in buy-to-let lending business
By New Statesman - 29 September 13:13

The move could indicate a resurgence in the buy-to-let mortgage market.

Moelis & Company to acquire Gracie Credit
By New Statesman - 29 September 12:00

Acquisition will allow Moelis & Company to expand its asset management platform.

Anglo-Irish Bank downgrade mounts pressure on Ireland
By New Statesman - 28 September 14:22

The Anglo-Irish Bank's credit rating was cut down to near junk status.

RBS to axe 500 more jobs
By New Statesman - 28 September 14:18

The move comes just weeks after 3,500 jobs were cut from its technical and administrative centres in

Barclays offers bank accounts to prisoners
By New Statesman - 28 September 11:44

The service for prisoners nearing release has been extended to 14 in the UK covering all of the East

Basel III is not just window-dressing
By Alex Preston - 28 September 9:41

The third Basel Accord may at first seem lenient towards the big banks but, with the US on board, it

50 People Who Matter 2010 | 37. Bob Diamond
By New Statesman - 27 September 14:15

Barclays' crown jewel.

Bank of Ireland could lose £36m after housing developer's closure
By New Statesman - 27 September 13:55

The defunct McDaid Developments owed the Bank of Ireland £42m but has assets of just £8m leaving a h

Wolseley plans tax move to Switzerland
By New Statesman - 27 September 13:22

The UK company is planning a move to Switzerland to save on corporate tax.

Citigroup and Guy Hands set for courtroom showdown
By New Statesman - 27 September 13:14

Hands alleges that Citigroup tricked his company into buying EMI for £4bn in 2007.

HSBC top brass in management shake-up
By New Statesman - 24 September 13:56

HSBC's bank chairman is stepping down earlier than expected.