Financial Times - Financial services
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CME predicts OTC opacity will remain published today at 19:43
The world's biggest futures exchange says that banks will continue to trade OTC derivatives in much the same way as they did before the crisis in spite of US reforms
Article from Financial Times - Financial services
Metro Bank published today at 17:43
A new contender in UK banking opens its doors – with one branch
Article from Financial Times - Financial services
LatAm markets lift Santander results published today at 08:49
The eurozone's largest bank, reports first-half profits in line with forecasts with thriving business in Latin America setting off sluggish income in home market Spain
Article from Financial Times - Financial services
Citi retail arm targets affluent Americans published today at 06:25
New York-based banking group will sell a revamped set of accounts and credit cards, in the latest attempt to revive its North American unit
Article from Financial Times - Financial services
Lazard outpaces rivals as merger fees rise published today at 03:55
The investment-banking boutique shakes off a brutal spring on Wall Street to post better than expected quarterly profits as asset-management and merger advisory revenues increase 27%
Article from Financial Times - Financial services
New thinking is key to opening door of Big Four published today at 03:04
The UK's House of Lords is the latest body to open an inquiry into the part that accountancy firms – especially PwC, Ernst & Young, KPMG and Deloitte – played in the financial crisis, says Rachel Sanderson
Article from Financial Times - Financial services
Lloyds to retain stake in St James's Place published today at 01:57
The wealth management group, which reported strong growth in first-half figures to June 30, said Lloyds had committed to keeping a majority shareholding
Article from Financial Times - Financial services
Challenging half at RAB Capital published yesterday at 23:29
Hedge fund managers said hopes of pressing on with recovery had been dampened with pre-tax loss of £3.3m
Article from Financial Times - Financial services
EFG in hedge funds writedown published yesterday at 23:26
The Swiss private banking group wrote down the value of its holdings in Marble Bar Asset Management and in CM Advisors after big outflows of funds.
Article from Financial Times - Financial services
Virgin Money delays bank debut published yesterday at 23:18
The financial services arm of Sir Richard Branson's Virgin Group has postponed its launch into mainstream banking, marking a setback to hopes for more retail banking competition