Banking news

Funding plans for green investment bank draw detractors

Financial and banking news from ft.com - 2010, June 30 - 1:38am
Doubts were raised over prospects for funding the government's planned green investment bank, as businesses welcome the proposals but say they lacked detail
Categories: Banking news

Green investment bank plans to be unveiled

Financial and banking news from ft.com - 2010, June 29 - 1:31am
Details of a new 'green investment bank', replacing several government quangos and with powers to raise billions from green Individual Saving Accounts and other financial instruments, will be unveiled on Tuesday
Categories: Banking news

Goldman told to pay $21m over Bayou collapse

Financial and banking news from ft.com - 2010, June 26 - 2:15am
Securities industry regulators order Goldman Sachs to pay $21m to settle claims that the bank should have known that Bayou Management was defrauding investors through an alleged Ponzi scheme
Categories: Banking news

Morgan Stanley settles Massachusetts suit

Financial and banking news from ft.com - 2010, June 25 - 6:30am
The bank agrees to pay $102m, which will be split between homeowners, taxpayers and a trust, to settle a case brought by the state charging that it had provided financing for predatory subprime loans
Categories: Banking news

Abu Dhabi buys €1.8bn stake in UniCredit

Financial and banking news from ft.com - 2010, June 24 - 6:47pm
State-linked Gulf investment group takes 4.99 per cent stake in Italian bank to become largest voting shareholder
Categories: Banking news

Varvel to head Credit Suisse investment bank

Financial and banking news from ft.com - 2010, June 24 - 2:20pm
Swiss bank makes Eric Varvel the permanent chief executive of its investment banking division, taking over from Paul Calello, who is to become chairman
Categories: Banking news

Dimon tries to avoid a succession tragedy

Financial and banking news from ft.com - 2010, June 24 - 1:23am
JPMorgan chief reshuffles top management in attempt to broaden their experience and prepare them for the race for the top job
Categories: Banking news

Barclays chief tells of 'riskiest week'

Financial and banking news from ft.com - 2010, June 23 - 2:22am
John Varley has defended the discounted price the UK bank paid for Lehman Brothers' US brokerage in 2008
Categories: Banking news

JPMorgan shake-up shapes race for top job

Financial and banking news from ft.com - 2010, June 23 - 1:50am
Jamie Dimon re­shuffled JPMorgan Chase's top management, naming a dealmaker as finance chief and moving a close ally to lead the international expansion, in moves that will shape the race to succeed him as chief executive
Categories: Banking news

ICP accused of defrauding investors

Financial and banking news from ft.com - 2010, June 22 - 2:39am
The US Securities & Exchange Commission broadened its crackdown on alleged abuses in the market for complex financial products, accusing a boutique investment bank of defrauding investors in collateralised debt obligations
Categories: Banking news

Barclays chief says Lehman was a risk

Financial and banking news from ft.com - 2010, June 22 - 2:03am
Bob Diamond, president of Barclays, testified that the UK bank was not guaranteed huge gains in its acquisition of the bankrupt Lehman Brothers' US brokerage
Categories: Banking news

JPMorgan pushes on with talks over Gávea

Financial and banking news from ft.com - 2010, June 21 - 12:01am
JPMorgan Chase is pushing ahead with talks to buy a large Brazilian hedge fund and private equity group, in spite of impending US legislation designed to limit the involvement of commercial banks in such activities
Categories: Banking news

Jain cements his position at Deutsche Bank

Financial and banking news from ft.com - 2010, June 16 - 9:23pm
The elevation of Anshu Jain, one of the world's best-known investment bankers, to sole charge of the bank's most power powerful division has some observers anointing him as the successor to Josef Ackermann as chief executive
Categories: Banking news

Fund managers gain alpha for results

Financial and banking news from ft.com - 2010, June 16 - 8:17pm
Research reveals that many investment chiefs in the Middle East are beating their benchmark indices, but the achievement is marred by a lack of consistency
Categories: Banking news

Goldman's foray into subprime

Financial and banking news from ft.com - 2010, June 16 - 2:01am
Suzanne Kapner and Francesco Guerrera report on the bank's Litton loan business
Categories: Banking news

Other banks took on loan collection arms

Financial and banking news from ft.com - 2010, June 16 - 2:01am
Goldman Sachs was not the only investment bank to dive into the business of collecting mortgage payments, writes Suzanne Kapner
Categories: Banking news

Subprime consumers hit at Goldman

Financial and banking news from ft.com - 2010, June 16 - 2:01am
Goldman Sachs is facing a wave of complaints from consumers over the business practices of its mortgage servicing unit, a subsidiary that collects payments on hundreds of thousands of loans worth tens of billions of dollars.
Categories: Banking news

McDonagh quits after HSBC returns to profit in US

Financial and banking news from ft.com - 2010, June 14 - 9:21pm
The top executive of HSBC in North America is leaving the bank just after its US business returned to profitability following a money-losing foray into consumer finance
Categories: Banking news

Banking access hampered, says Barclays

Financial and banking news from ft.com - 2010, June 14 - 1:23am
Tackling the financial exclusion of low earners has been set back by the global economic crisis despite efforts by banks and other organisations
Categories: Banking news

BarCap to compete in dark pools of Europe

Financial and banking news from ft.com - 2010, June 14 - 12:27am
The investment banking unit of Barclays plans to launch a pan-European "dark pool" trading platform as it completes an 18-month drive to build an equities trading business
Categories: Banking news
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