IBM builds data centre for an Indian bank
By Staff blogger - 15 January 10:51

IBM will deploy a pre-designed and pre-fabricated data centre for India-based Karad Urban Co-operati

Standard Chartered bank adopts new enterprise-software solution
By Staff blogger - 15 January 10:50

The Standard Chartered Bank (SCB) has selected enterprise-software solution Equitrak, from Vitech Sy

Obama to levy $90bn bail-out fee on banks
By Staff blogger - 14 January 14:37

It is payback time for banks in America

New fund to buy toxic assets in Eastern Europe
By Staff blogger - 13 January 11:35

The CEE Special Situations Fund will buy toxic assets in Central and Eastern Europe. This fund was l

Santander may bid for RBS and Rock
By Staff blogger - 13 January 11:31

Spanish banking group Santander may bid for the branches of the Royal Bank of Scotland (RBS) and Nor

UK banks prepared to pay one-off tax on bonuses
By Staff blogger - 13 January 11:28

UK banks are prepared to pay the one-off tax on bonuses levied by the Treasury, rather than reduce t

UK Bank Chiefs face lawmakers
By Staff blogger - 13 January 11:25

Stephen Hester of the Royal Bank of Scotland, Eric Daniels of the Lloyds Group, and Gary Hoffman of

Obama wants new bank levy to recoup bailout costs
By Staff blogger - 12 January 13:59

The White House has announced it may impose a levy on banks to help bridge America's widening defici

Nick Clegg calls for breaking up Britain's big banks
By Staff blogger - 12 January 13:58

The Liberal Democrat leader Nick Clegg has called for ending the era of universal banking. He said t

BCC urges BOE to end its bond-purchase plan
By Staff blogger - 12 January 12:19

The Bank of England should stop its bond-buying plan after completing the current £200bn tranche, sa

UK life companies end 2009 on a low
By Staff blogger - 12 January 12:16

UK life insurance companies saw a sharp fall in their profitability in the fourth quarter of 2009, a

UK treasury to broaden mid-sized firms' access to credit
By Staff blogger - 12 January 12:14

The UK Treasury is likely to relax the banks' grip on lending to mid-sized firms. It is also likely

Walton & Co to enter the UK's retail banking market
By Staff blogger - 12 January 11:59

Veteran banker Paul Walton has launched a new entity Walton & Co along with Panmure Gordon banking a

HSBC differs with treasury on UK economic forecast
By Staff blogger - 11 January 12:50

HSBC has publicly disagreed with the Treasury's forecast about the UK's economy

Brazil's Banco Itaú to buy stakes in UK banks
By Staff blogger - 11 January 12:48

Sao Paulo-based lender Banco Itaú is considering buying stakes in the Royal Bank of Scotland (RBS) a

National Australian Bank may bid for Northern Rock
By Staff blogger - 11 January 12:47

The National Bank of Australia (NAB) may bid for the assets of the UK's national lender Northern Roc

Britain on the verge of budget crisis, say economists
By Staff blogger - 11 January 12:46

Britain may be on the verge of a budget crisis in 2010, a Financial Times survey of economists warns

Royal Bank of Scotland appoints Union Bank of Switzerland to advise on sale
By Staff blogger - 11 January 12:28

The Royal Bank of Scotland has appointed Union Bank of Switzerland (UBS) to advise them on the sale

Bosses of RBS, Northern Rock and Lloyds to face MPs
By Staff blogger - 11 January 12:27

The chief executives of the Royal Bank of Scotland, Northern Rock and Lloyds Banking Group will meet

UK banks lift executive salaries and cut bonuses, says Mercer
By Staff blogger - 11 January 12:25

Most banks in the UK have increased basic salaries for executives while cutting their bonuses, accor

Virgin Money to bid for Northern Rock again
By Staff blogger - 11 January 12:24

Virgin Money, owned by the British entrepreneur Richard Branson, is likely to bid again for Northern

Banco Santander to rebrand its UK operations
By Staff blogger - 11 January 12:17

Spanish bank Banco Santander SA (STD) will rebrand its UK assets under its name, as part of its plan

Goldman Sachs to downsize London office
By Staff blogger - 11 January 12:16

Goldman Sachs is undertaking a review of its London operations, the Daily Telegraph has reported

Reinsurance rates decline: Guy Carpenter
By Staff blogger - 11 January 12:15

Reinsurance rates across most lines of property catastrophe business declined on 1 January 2010, rep

Lloyd’s insurer extends construction portfolio; hires Simon Challinor
By Staff blogger - 11 January 12:12

Lloyd's privately owned insurance business Canopius Managing Agents is set to extend its portfolio o

Northern Rock split into two
By Staff blogger - 11 January 12:10

UK's nationalised bank Northern Rock has been split into two, spurring a race to take over the "good

German bank cards hit by software bug
By Staff blogger - 11 January 11:37

More than 25 million German bank cards have been hit by a software bug that appeared on New Year's D

BNP Paribas gets active in forex market as Prime Bank
By Staff blogger - 11 January 11:36

French lender BNP Paribas has become active in the foreign exchange (FX) market as a Prime Bank for

SG Private Banking changes name
By Staff blogger - 11 January 11:35

French wealth manager SG Private Banking has changed its name to Societe Generale Private Banking fr

Asia Pacific banking consolidation will intensify in 2010 according to IDC
By Staff blogger - 11 January 11:34

The Asia Pacific banking sector will see a notable increase in mergers, acquisitions and consolidati

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