Unease in debt markets, continuing balance sheet problems at banks and the strength of the euro are complicating the European Central Bank’s task as it moves to wean lenders from the easy credit it extended during the financial crisis. Continue Reading…
Bank of America (BAC) said Wednesday that it will repay the $45 billion in bailout money it received from the federal government, signaling the improved health of the nation’s largest bank after last year’s financial meltdown. Continue Reading…
LLOYDS BANKING GROUP is expected to stir up a fresh outcry over banking bonuses as it draws up plans for a multi-million pound incentive programme for its top managers. Continue Reading…
Scotland’s two biggest banks enjoy such a stranglehold on the business banking market that there is a serious risk that small firms will get a bad deal, according to business leaders who want the government to encourage new players into the market. Continue Reading…
The Obama administration is struggling to figure out whether a “bad” bank is a good idea. Continue Reading…
The Federal Deposit Insurance Corp. shut down six banks in January, the most in a month since July 1993, which is not surprising given the current state of the financial system. Continue Reading…
Some £18.7bn has been added to the market value of the UK’s top high street banks in the last week as investors began to trust the sector again. Continue Reading…