bank
ING : banking insurance separation on schedule
ING Groep NV, the biggest Dutch financial-services company, said the separation of its banking unit from the insurance business, which it’s planning to divest,...
Announcement : RBS Insurance set to create 160 call centre jobs in Glasgow
The insurance arm of Royal Bank of Scotland is in detailed discussions with an outsourcing company over a deal that will create over 160...
Home & Legacy : to cover Lloyds Private Bank customers
Home & Legacy has entered an agreement with Lloyds TSB Insurance Services Ltd to provide personal home and motor insurance to its Private Banking...
HSCB / Nedbank : South Africa regulators fear foreign control
HSBC is in exclusive talks to buy a controlling stake in Nedbank, South Africa's fourth-largest bank, from insurer Old Mutual. Yet rigid controls on...
EU eyes new rules to supervise financial giants
The European Union's executive arm proposed on Monday to give national supervisors more power to oversee financial conglomerates as part of efforts to prevent...
New British venture eyes state-rescued bank assets
A new venture is being launched to compete for acquiring retail banking assets bought by the British government at the height of the financial...
Insurance brokers under threat from huge increase in cost of regulation
The recent invoices received by members from the FSA for the 2010-11 fees and levies have highlighted the inequality of the current funding of...
Europe should tax banks whatever G20 decides: commissioner
Europe should tax its banks in order to build up an emergency bail-out fund whatever other major economies decide at this weekend's G20 summit,...
Malaysia issues licences to five foreign banks
Malaysia has issued commercial banking licences to five foreign banks, including French giant BNP Paribas, the country's central bank announced Thursday.
The move came as...
Europe braces for the release of bank stress tests
European governments are taking big steps towards revealing if banks can withstand shocks such as hit the global economy two years ago, and now...
Unemployment insurance: Italy’s official rate rises to 8.9 percent
Italy's unemployment rate in April rose to 8.9 percent from 8.8 percent in March, reaching the highest level since the fourth quarter of 2001,...
Spanish banks strain to borrow abroad
Spanish financial institutions are having increasing problems in borrowing from foreign banks because of concerns about Spanish sovereign debt, the Expansion daily reported on...
Europe moves to levy bank failure tax
Banks will never again be allowed to call on taxpayers to clean up their mess under plans for a new Europe-wide crisis insurance levy...
Austria extends ban on naked short-selling
The Austrian financial market watchdog, the FMA, said Tuesday it had decided to extend a current temporary ban on so-called naked short-selling by a...
Belgium’s KBC sells unit to India’s Hinduja group
Belgian lender KBC said Friday it has sold its Luxembourg private bank unit to India's Hinduja group for 1.35 billion euros (1.7 billion dollars)...
Chinese banks and insurers sign a 23 billon dollar refinery deal in Nigeria
Nigeria and a Chinese state firm have signed a 23-billion-dollar deal to build three refineries and a petrochemical complex in Nigeria, a world's major...
ING reports 3.2-billion-euro exposure to Greek bonds
Dutch bank and insurance group ING reported Wednesday an exposure of 3.2 billion euros (4 billion dollars) to Greek government bonds.
This was comprised of...
Dutch bank and insurance group ING returns to profit, cautions vigilance
Dutch bank and insurance group ING reported Wednesday a return to profit in the first quarter but counselled vigilance amid what it said were...
British bank RBS says will axe 2,600 jobs, mostly in insurance division
Britain's state-rescued lender Royal Bank of Scotland announced on Monday that it plans to axe 2,600 jobs.
The bank, which is 83-percent owned by the...
China backs insurer Ping An’s acquisition plan
Chinese regulators have approved a plan by Shenzhen-based powerhouse Ping An Insurance to buy a stake in Shenzhen Development Bank from US private equity...
