One of the most reliable rules of thumb in finance is surely this: when bankers crack open the champagne, everyone else needs to start worrying – hard. Well, the next few days will most probably be soundtracked by a fusillade of popping corks, as Lloyds, RBS and other high-street banks put out bumper half-year performance reports. Continue Reading…
The UAE’s banking sector is well capitalised to withstand the significant deterioration of asset quality it faces, however, the lending is expected to remain weak and some banks will require capital injections, according to a stress test conducted by Shuaa Capital, a regional investment bank. Continue Reading…
Deutsche Bank has announced the appointment of Dr. Thomas Mayer as the new head of Deutsche Bank Research, with effect from 1 January 2010. Continue Reading…
Selling the taxpayer’s stakes in Britain’s banks may take seven years, PricewaterhouseCoopers has warned, depressing any hopes of an early exit. Continue Reading…
With five more American banks going out of business last week, the total number of collapses this year has risen to 120 or an average of over ten entities every month. Continue Reading…
Early signs of what the future banking landscape will look like are emerging amid some evidence of improvements in corners of the financial market. Continue Reading…