HSBC admits to data theft of 24,000 Swiss accounts
By New Statesman - 12 March 12:52

The bank could be in legal trouble over tax evasion, after an ex-employee stole the details of about

Top executives at Lehman Brothers could face court
By New Statesman - 12 March 9:13

Scathing report into the bank's collapse criticises bosses, auditor Ernst & Young, and other Wall St

FSA introduces tougher stress tests for financial companies
By New Statesman - 11 March 13:04

The City watchdog Financial Services Authority (FSA) has introduced a new and tougher stress testing

Online banking fraud on the rise
By Meenal Vamburkar - 10 March 15:16

Banking fraud has moved from traditional card fraud to online banking raids, a new study suggests.

Eurex admits GF Futures as trading member
By New Statesman - 10 March 11:06

Eurex has admitted GF Futures (Hong Kong) as a trading member, the first broker headquartered in the

ABN Amro, Fortis to merge retail operations by end 2010
By New Statesman - 10 March 10:45

ABN Amro plans to complete the merger of its retail operations with its national counterpart Fortis

Apollo Management to buy Citi Property Investors
By New Statesman - 10 March 10:30

Apollo Management's bid triples the value of Citi Property Investors' property assets.

London Stock Exchange sells stake in Turquoise to three global banks
By New Statesman - 09 March 10:48

The London Stock Exchange Group (LSEG) has sold 9 per cent of its stake in the holding company for t

New association to improve cross border credit transfers
By New Statesman - 09 March 10:44

A group of associated payment service providers, 21 major banks and clearing houses have formed Inte

Islamic Microfinance Challenge to launch in 2010
By New Statesman - 09 March 10:42

CGAP, Deutsche Bank, Grameen-Jameel and Islamic Development Bank have joined forces.

Iceland says 'no' to £3.5bn debt repayment plan
By New Statesman - 08 March 12:37

Icelanders vote overwhelmingly against repayment of loans to Britain and the Netherlands.

Santander leads bid for RBS’ branches
By New Statesman - 08 March 12:35

Spanish banking giant Santander emerges as top contender to acquire RBS.

Matalan refinancing would see Hargreaves take home £250m
By New Statesman - 08 March 12:32

Matalan founder John Hargreaves plans to give himself a special £250m dividend as part of a refinanc

Shell and PetroChina in $3bn joint bid for energy firm Arrow
By New Statesman - 08 March 12:31

Royal Dutch Shell and PetroChina have made a joint bid of at least US $3bn (£1.97bn) for Arrow Energ

AIG to sell remaining stake in Transatlantic
By New Statesman - 08 March 10:58

AIG to sell the remaining 9,192,662 million shares of common stock of Transatlantic Holdings, owned

Icelanders to vote on Icesave repayment
By New Statesman - 05 March 12:43

The vote is this Saturday on a referendum called by Iceland's president to decide the fate of a £3.4

Aviva profits beat expectations
By Henry Smith - 04 March 16:38

Chief executive maintains there is no need to respond to Prudential.

The Business Interview: Robert Higginbotham, Fidelity International
By Henry Smith - 04 March 11:10

"The confidence of savers and investors has been badly shaken by the events of the past two years."

Bank of England holds interest rates at 0.5 per cent
By New Statesman - 04 March 9:11

Interest rates will be kept at record low as economic uncertainty continues.

Standard Chartered posts $5.2bn profit
By New Statesman - 03 March 12:44

UK-based Standard Chartered reports record profits for 2009, showing a 13 per cent rise in pretax pr

Goldman Sachs admits "negative publicity" is bad for business
By New Statesman - 03 March 8:37

The bank's annual report lists public outrage alongside economic conditions as a risk to prosperity.

Man Utd supporters plan £1bn takeover bid
By New Statesman - 02 March 13:31

Members of a group called the “Red Knights” –- made up of wealthy and influential Manchester United

Prudential shares fall on $35bn deal for AIG's Asian arm
By New Statesman - 02 March 13:05

Shares in Prudential fell 12 per cent after the insurance group said it will buy the Asian unit of A

HSBC hires new co-head for Islamic finance in global markets
By New Statesman - 02 March 10:52

HSBC has appointed William Ross as co-head of Islamic finance, global markets, with immediate effect.

Prudential in $35.5bn deal for AIG’s Asian assets
By New Statesman - 01 March 11:34

British insurance major Prudential is in advanced talks to buy the Asian arm of American Internation

Mercer Insurance Q4 Revenues up 6 per cent to $39.3m
By New Statesman - 01 March 11:27

Mercer Insurance Group has reported revenues of $39.31m for the fourth quarter of 2009, an increase

General Electric to sell stake in Garanti Bank
By New Statesman - 01 March 11:13

In a move which could offer a rare window of opportunity to enter into Turkey's resilient banking se

Ebdaa Bank, Tamkeen unveil Farmers' Support Programme in Bahrain
By New Statesman - 01 March 11:11

Ebdaa Bank and Tamkeen, a semi-autonomous authority which develops strategic and operational plans t

EBRD, Intesa Sanpaolo to increase finance to SMEs in central and eastern Europe
By New Statesman - 01 March 11:03

European Bank for Reconstruction and Development (EBRD) and Intesa Sanpaolo Group have joined forces