Intesa Q1 profit jumps, bad loan provisions up

The bank was forced to book provisions for risky loans of 970 million euros over the quarter, a 43 percent rise compared to a year earlier, as credit quality deteriorated in Italy due to a deep economic recession.


Metro Bank Eyes UK Retail Banking Expansion

The Metro bank is still a very small player in the U.K., dwarfed by the "big four"--Lloyds Banking Group PLC (LYG), Royal Bank of Scotland Group PLC (RBS), Barclays PLC (BCS) and HSBC Holdings PLC (HBC).


Why Standard Life's AA-rated Moore bought Barclays

But as well as buying into telecoms provider BT, Moore (pictured), said he bought into Barclays because 2011'a difficulties made it underpriced even though this year it is in a stronger position.


Ashcourt Rowan picks Cofunds to power platform

It will include an entry-level execution only proposition, a service for investors who do not need on-going financial advice but want guidance and a proposition for clients receiving full advice.


Film investment could lose tax breaks

Thousands of investors who have pumped billions of pounds into film finance schemes face an anxious wait to find out whether a recent court decision signals the end of lucrative tax breaks.


Warba Bank's $33 million UK property deal‎

The building enjoys excellent characteristics and is distinguished by its unique and award-winning design. It provides long-term income and a security of a world class covenant for Warba Bank.


Schroders’ Turner cautiously bullish after difficult 2011

Jane Turner, manager of Schroders’ multi-manager funds, is cautious about the near-term outlook for markets following a difficult 2011 and a rally in which she was held back by exposure to US high-yield debt and defensive shares.


Vulture funds eye longer timescale

But some bankers argue that the European Central Bank’s €1tn of emergency bank loans – dubbed long-term refinancing operations and initiated by its president Mario Draghi – have at least partially weakened their investment thesis.


Jupiter chases high income with Bezalel bond launch

The offshore fund, which is a sub-fund of the firm’s global sicav, has a ‘go anywhere’ strategy, allowing Bezalel to invest across the debt spectrum in any country and without being restricted by ratings.