bank

Former Lehman Brothers employees help wind down bank's business

Tom Bolland, current COO of Lehman is helping wind down the bank's business.

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HSBC declines in value and undertakes house cleaning

HSBC's stock falls as it advises diplomatic missions to close their accounts with their bank.

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Leading helicopter leasing company secures new US $300 mln loan

Milestone Aviation secures a US $300 million loan facility from Lloyds, Barclays and Lombard.

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Bank fraud to be filed against Wall Street bankers in housing mess

US federal prosecutors revive a 30 year old law to prosecute Wall Street banks that sold toxic loans in 2008.

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Opus Bank forms Commercial Real Estate Banking division

Opus Bank gears up for the expansion of its Income Property Banking division with the creation of Commercial Real Estate Banking division.

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Oman-based lenders create interbank market trough wakala

Lenders based in Oman are developing a wakala, an agency agreement that is sharia compliant to help back their interbank financing needs.

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Ex IMF chief joins the board of Rosneft-owned bank

Dominique Strauss-Kahn joins the Russian Regional Development Bank, a Rosneft-owned bank.

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Austria’s second biggest lender announces ‘massive’ cost-cutting plan

Raiffeisen Bank International explores cost-cutting measures to raise Eur 1.8 billion.

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Gazprombank rather wait, postpones negotiations on Swiss Franc Tier 2 Bond Deal

Russia's Gazprombank has withdrawn from the Swiss franc Tier 2 Bond deal, source revealed.

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Investment banks accused of conspiracy

The European Union accused 13 investment banks for conniving against rivals in the credit derivatives industry.

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CORRECTED: Mauritius Commercial Bank to raise US$161 million

Mauritius Commercial Bank is aiming to raise 5 billion rupees.

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China's Sovereign Wealth Fund Invests in Banks

In a bid to uplift consumer confidence, Beijing's Central Huijin Investment Co had invested in banks in the form of share purchases.

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Bank Al Khair to Merge with Khaleeji Commercial Bank

According to sources, Bank Al Khair is expected to merge with commercial bank, Khaleeji Commercial Bank.

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Bankia on Road to Recovery

Bankia's bad history now a thing of the past.

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JP Morgan Chase Announces New Job Cuts

New job cuts in the offing for JP Morgan Chase.

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