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Jul 26, 2014

The EU Should Beware Of Russian Interest In Balkan Banks

A short while ago I wrote about the nationalized Austrian bank Hypo Alpe Adria and the Austrian government's attempts to bail in its creditors. HAA is in the process of being wound up and its assets transferred to a government-owned “bad bank”. Baili...

Jul 27, 2014

Deutsche Bank Zeroes In on Wealth Management

Deutsche Bank co-CEO Anshu Jain has in the past two years made it a top priority to get the lender's investment bank and wealth-management business to work to each other's benefit...

Jul 28, 2014

Lloyds Bank to Pay Over $380 Million to Resolve Rate Manipulation Inquiries

The British lender is the latest bank to admit wrongdoing by its employees in trying to manipulate the London interbank offered rate, or Libor... #Great Britain #UBS AG #United States #London

Jul 23, 2014

CIT Group to buy Pasadena lender OneWest Bank

Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California... #California #Pasadena #CIT GROUP INC #OneWest

Jul 23, 2014

AvantCredit Raises Financing to Lend to ‘Midprime’ Borrowers

The online lender has raised a $75 million round of equity financing led by Tiger Global Management, as well as a $200 million credit facility led by Victory Park Capital... #California #Pasadena #CIT GROUP INC #OneWest

Jul 20, 2014

Banco Espírito Santo Reassures Retail Clients

Portuguese lender Banco Espírito Santo confirmed it will reimburse retail clients who invested in commercial paper issued by its main holding company, which filed for creditor protection... #California #Pasadena #CIT GROUP INC #OneWest

Jul 21, 2014

Swiss Bank Julius Baer to Buy Businesses from Bank Leumi

Julius Baer said its assets under management had risen and that it was acquiring the Israeli lender Bank Leumi's private banking activities in Switzerland and Luxembourg... #Switzerland #Luxembourg

Jul 23, 2014

Deutsche Bank Finance Chief Faces Heat

Deutsche Bank Chief Financial Officer Stefan Krause is under pressure after U.S. authorities cited serious concerns about the German lender's financial data... #Switzerland #Luxembourg

Jul 22, 2014

Lender CIT to buy OneWest Bank, formerly IndyMac, for $3.4 billion

OneWest Bank in Pasadena, born from the ashes of failed high-risk home lender IndyMac Bank, has agreed to be acquired by commercial lender CIT Group for $3.4 billion, a hugely profitable deal for the hedge-fund and private-equity investors that have ... #Pasadena #CIT GROUP INC #OneWest

Jul 16, 2014

Bank of America earnings tumble 43% on mortgage litigation costs

Bank of America Corp.'s second-quarter earnings plunged 43% as the nation's second-largest bank recorded 4 billion additional reasons to regret its 2008 purchase of high-risk home lender Countrywide Financial Corp. in Calabasas... #Pasadena #CIT GROUP INC #OneWest