Financial Times - Financial services
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Spain hit by rise in bad bank loans published today at 14:16
Value of bad loans held by banking sector increased by a third over the last year to €148bn, and accounted for 8.4% of their entire loan portfolios
Article from Financial Times - Financial services
Fondiaria moves ahead with merger plan published today at 12:04
Italian insurer rebuffs offer from two private equity funds, saying it will instead seek agreement on the terms of a complex four-way merger
Article from Financial Times - Financial services
Spain taps Goldman to value Bankia published today at 11:52
US investment bank will advise on the recapitalisation of the part-nationalised bank, with analysts predicting it will need up to €15bn in new equity
Article from Financial Times - Financial services
ING Asia insurance catches N American eyes published today at 04:01
MetLife, Prudential, and Manulife are expected to make first round bids for the Dutch group's $6bn Asian insurance operations
Article from Financial Times - Financial services
Banks poised to seize YPF stake published today at 01:42
Petersen Energía has defaulted on a loan from Credit Suisse, Goldman Sachs, BNP Paribas and Itaú that was used to fund its purchase of YPF shares
Article from Financial Times - Financial services
Buffett on list of Gupta trial witnesses published today at 00:59
Lloyd Blankfein, Kenneth Chenault, Meg Whitman, Meredith Whitney and Deepak Chopra among the other leading names on lists submitted ahead of the insider trading trial
Article from Financial Times - Financial services
Senate backs Fed nominees published today at 00:26
The body confirmed two nominees for the Federal Reserve Board of Governors, giving the panel a full seven members for the first time in six years
Article from Financial Times - Financial services
Ex-UKFI chief Cooksey joins hedge fund published today at 00:10
Sir David will sit on advisory board of Strategic Value Partners, which manages $4bn of assets and focuses on acquiring struggling companies' debts
Article from Financial Times - Financial services
JPMorgan unit has $100bn of risky bonds published today at 00:00
Chief investment office that lost $2bn builds up huge positions in complex products at the heart of 2008 crash – but bank plans to lower its exposure
Article from Financial Times - Financial services
JPMorgan chief to testify before Senate published today at 00:00
Jamie Dimon will appear before the upper house's banking committee in the wake of his bank's $2bn trading losses on credit derivatives