06/16/2013

NAB may spin off UK business

National Australia Bank boss Cameron Clyne says he would consider a sharemarket spin-out of the bank's British business

06/16/2013

UK's Co-op Bank agrees $2.4 billion 'bail-in' rescue plan

Britain's Co-operative Group has agreed a plan to plug a 1.5 billion pound ($2.4 billion) capital hole at its bank which forces bondholders to pay part of the bill, avoiding a repeat of the taxpayer-funded bailouts staged during the financial crisis.

05/12/2013

UniCredit net profit hits $588m

The bank, the first of Italy's retail banks to release results for the quarter, said inflows of new bad loans had fallen in its home market for the second quarter in a row.

05/12/2013

Bank Austria Q1 net down 29 pct, loan writedowns rise

Net profit at UniCredit's Bank Austria unit fell 29 percent in the first quarter as loan writedowns in central and eastern Europe (CEE) jumped by almost a third, emerging Europe's biggest lender said on Monday.

05/06/2013

Commerzbank loses $123M in Q1 due to restructuring

Germany's Commerzbank said Tuesday it lost 94 million euros ($123 million) in the first quarter after taking heavy charges for future job reductions as the bank tries to turn its business around.