Banking News

... Troubled buy-to-let lender, Bradford & Bingley (B&B), confirmed last week that 27.8% of its new shares, which were on offer at 55p each, have been taken up by investors. This left...

... Industrial & Commercial Bank of China (ICBC) has become the world’s most profitable bank after it reported a 57% rise in half-year profits. The bank, which is the largest in China, made 64.5...

... Credit rating agency, Standard & Poor, has warned that a recovery in the banking industry is at least a year away. According to the agency, US and European banks are entering a second phase of...

... Former building society, Alliance & Leicester (A&L) has sent information to its 564,000 shareholders on the £1.3 billion proposed takeover by Spanish bank, Santander. Roy Brown, acting...

... Troubled buy-to-let lender, Bradford & Bingley (B&B), has confirmed that 27.8% of its new shares, which were on offer at 55p each, have been taken up by investors. Consequently...

... The Nationwide has announced its intention to set up operations next year in the Irish Republic. The building society, which is one of the UK’s biggest mortgage lenders said it will initially...

... Barclays has improved its balance sheet today after it revealed it has offloaded its life insurance unit to Swiss Re in a deal worth £753 million ($1.48 billion), subject to regulatory approval...

... Barclays Bank has today revealed that pre-tax profits fell 33% in the first six months to the end of June following more write-downs. Barclays made £2.75 billion, compared with £4.1 billion in the...

... Britain’s second-largest bank, RBS (RBS), has today posted a first-half pre-tax loss of £691 million - its first loss in 40 years and the second-biggest loss in UK banking history. Lloyds TSB...

... Switzerland’s largest investment bank, UBS, has announced its intention to split itself into three divisions after it revealed second quarter losses of SwFr358 million (£173 million). The bank...