Latest Banking News
Alliance & Leicester criticizes Barclays' 0% overdraft
In a further ratcheting up of competition in the UK current account space, Alliance & Leicester has criticized Barclays 0% overdraft facility, calling it "complicated" with many catches.
Published: 04-Nov-2005
Halifax figures support UK house price recovery
Figures released by the Halifax bank suggest that the steady recovery in the UK housing market is continuing.
Published: 04-Nov-2005
Vontobel launches new hedge fund investment option
In response to the growing demand for a hedge fund investment option for private individuals, private bank Vontobel is launching a listed certificate with a dynamic hedge fund strategy.
Published: 04-Nov-2005
French Refco traders seek compensation - report
Two traders employed by the French arm of collapsed US brokerage Refco are reportedly seeking damages from the firm after they worked without pay or formal contracts.
Published: 03-Nov-2005
Commerzbank bounces back with strong Q3 performance
German-based finance group Commerzbank has continued the trend of upbeat quarterly statements among European banks by revealing a Q3 net profit of E262 million.
Published: 03-Nov-2005
BNP Paribas subsidiary gets green light to purchase Commercial Federal
The shareholders of Commercial Federal have approved the acquisition of the bank by Bank of the West, a BNP Paribas subsidiary. Over 79% of the votes cast were in favor of the deal, worth $1.36 billion.
Published: 03-Nov-2005
Barclays quits UK IFA association
UK banking group Barclays has apparently leftthe IFA representative body, the Association of Independent Financial Advisers, in response to the latter's decision to exclude multi-tied IFAs.
Published: 03-Nov-2005
UK bank Clydesdale to shut 32 more branches
The Scottish retail bank Clydesdale is to continue its ongoing restructuring by closing a further 32 branches.
Published: 03-Nov-2005
BCCI saga draws to a close as court case collapses
In an unexpected move, Deloitte has dropped its GBP1 billion case against the Bank of England over its handling of the 1991 collapse of the BCCI bank.
Published: 02-Nov-2005
Credit Suisse reports 42% increase in Q3 earnings
Credit Suisse recorded a 42% increase in quarterly net income compared to last year, benefiting from strong financial markets and increased client activity.
Published: 02-Nov-2005
