The Royal Bank of Scotland has promised to sell off its controversial £3bn West Register property portfolio, a legacy of six years of business insolvencies in the wake of the 2008 banking crisis.
Executives of Goldman Sachs and Morgan Stanley, America’s two largest former investment banks, announced positive earnings on Thursday yet seemed at a loss to explain or predict the path of the economic recovery.
Royal Bank of Scotland has been cleared of deliberately engineering the collapse of business customers but has decided to sell off a £3.2bn property portfolio at the centre of the row.
On a sliding scale of difficulty, writing a general-interest book about high-frequency trading is slightly harder than making baseball statistics interesting, but easier than animating the role played by quantitive analysis in the 2007 financial collapse.
Bank of America swung to a loss as the company booked $6bn of costs tied to mortgage disputes.
After years of denial central banks are finally coming around to recognise that they must take responsibility for asset bubbles that can wreak economic havoc.
European lawmakers on Tuesday approved key laws reforming the euro zone's banking sector, completing a "banking union" which will protect taxpayers from having to pay for costly bank bailouts in future.
Expenses and efficiency.
Citigroup announced slightly lower revenues for the first few months of the year on Monday as the bank worked to shed its “too-big-to-fail” image and convince federal regulators it remains among the strongest banks in the US.
Citigroup reported an unexpected profit increase, beating analysts’ estimates as the company recouped funds previously set aside for loan losses.