LONDON, Jan 20 (Reuters) – Lending to Russia by overseas
banks slumped by $11 billion between July and September last
year and lending to Ukraine fell by $2.3 billion as political
and economic tension in the region increased, lending data
International banks reduced their lending to Russia in the
year to the end of September by $46 billion, or 19 percent, to
$196 billion, after risk-based adjustments, according to data
released on Tuesday by the Bank for International Settlements.
The BIS data track cross-border lending by banks.
LONDON (Reuters) – The Swiss franc shock reverberated through currency trading firms on Friday, dealing the heaviest blows to those catering for small-scale retail clients and forcing regulators to take a closer look at the sector.
Some major banks also lost out when the Swiss National Bank lifted its cap on the franc without warning on Thursday, including Britain’s Barclays (BARC.L: Quote, Profile, Research) which lost “tens of millions” of dollars, an industry source said.
LONDON (Reuters) – London and Wall Street bankers look set to get slightly lower bonuses for 2014 than the year before, based on pay details released this week by big U.S. banks and expectations in the industry.
Goldman Sachs said on Friday its staff were paid $12.69 billion in compensation and benefits for 2014, up 0.6 percent on 2013. That equated to an average of $373,000 for its 34,000 employees, down 2.6 percent after it added staff in the year.
LONDON (Reuters) – Banks told nine trade associations in Britain on Friday they should merge into a single body to strengthen lobbying in Europe and slash membership costs.
A working group of banks that includes HSBC, Barclays and Lloyds said in a consultation paper there are too many trade groups, leading to duplication of lobbying and a lack of strategic direction.
LONDON (Reuters) – Shares in Switzerland’s two big banks UBS and Credit Suisse slumped as much as 15 percent on Thursday after a massive strengthening in the Swiss franc raised the threat that reported earnings will be hit hard.
The Swiss National Bank (SNB) shocked financial markets by scrapping a three-year-old cap on the franc, sending it soaring nearly 30 percent against the euro. The SNB also cut interest rates, which were already negative, to minus 0.75 percent.
LONDON, Jan 12 (Reuters) – Asia-focused bank Standard
Chartered could need $4.4 billion of extra provisions
to cover losses from commodities loans, potentially forcing it
to raise billions of dollars from investors, analysts said on
Credit Suisse analysts said the losses could force Standard
Chartered to raise $6.9 billion to improve its core capital
ratio to 11 percent by the end of the year.
MADRID/LONDON, Jan 9 (Reuters) – Shares in Spain’s Santander
tumbled more than 10 percent on Friday after the bank
sold 7.5 billion euros ($8.9 billion) of new shares at a steep
discount, aiming to improve its capital strength and fund
The eurozone’s biggest bank announced the quick-fire share
sale late on Thursday and sold 1.2 billion shares at 6.18 euros
apiece, at the bottom of the indicated price range and a 10
percent discount to its previous share price.
LONDON (Reuters) – Britain’s banks have asked the financial regulator to speed up finalizing new rules to protect their retail customers from riskier parts of their operations to enable them to meet a 2019 deadline.
The Bank of England (BoE) has ordered banks to “ring-fence” their branch activities to protect taxpayers from any future exposure to the sort of multi-billion pound bailouts required to rescue lenders during the 2007-09 financial crisis.
LONDON, Jan 6 (Reuters) – Britain’s banks have asked the
financial regulator to speed up finalising new rules to protect
their retail customers from riskier parts of their operations to
enable them to meet a 2019 deadline.
The Bank of England (BoE) has ordered banks to “ring-fence”
their branch activities to protect taxpayers from any future
exposure to the sort of multi-billion pound bailouts required to
rescue lenders during the 2007-09 financial crisis.
LONDON (Reuters) – Goldman Sachs paid its top 121 London bankers about 3 million pounds ($4.7 million) on average last year, far exceeding payouts at other leading banks, data released on Tuesday showed.
The U.S. investment bank’s data showed that it paid staff in senior or risk-taking positions $193.6 million in 2013 and gave them 2.1 million restricted stock units (RSUs), worth $377 million based on the bank’s share price at the end of that year.