07/31/2013

SocGen second-quarter profit more than doubles

Quarterly net income soared to 955 million euros (837.50 million pounds) from 436 million in the year-ago period, while revenue slipped 0.6 percent to 6.23 billion, the bank said on Thursday.

07/30/2013

BNP Paribas eyes Germany push after earnings slip

French bank BNP Paribas unveiled a plan to boost its presence in relatively resilient Germany after fresh cost cuts failed to offset sliding earnings in markets like Italy in the second quarter.

07/28/2013

Barclays Cuts Back In Spain

Barclays Bank is shutting 18 branches in Andalucia as part of a move to reduce by 35% the number of branches it has in Spain

07/14/2013

Commerzbank Sale Hides as Much as It Reveals

Germany's second-largest bank said it is selling 5 billion euros ($6.5 billion) of loans to Wells Fargo & Co. and the private-equity firm Lone Star Funds at a 3.5 percent discount to book value.

07/12/2013

UK rebuffs private equity in Lloyds sale

Lloyds is expected to report a sharp rise in profit, which would raise hopes it can start paying dividends again in 2014 and increase its attractiveness to investors.