MADRID (Reuters) - Spain's Bankia on Saturday prepared to sell stakes it holds in companies as part of its clean-up after a state rescue of the real estate-laden bank that has so far cost 23.5 billion euros (18.77 billion pounds). Bankia asked for a higher-than-expected … More »Spain's Bankia eyes stake sales after record bailout
VATICAN CITY (Reuters) - Vatican magistrates formally charged Pope Benedict's butler with … More »Pope's butler charged over leaks sca …
The Vatican confirmed Saturday that Pope Benedict XVI's butler had been arrested on suspicion … More »Vatican confirms Pope's butler arrested …
The Vatican confirmed Saturday that Pope Benedict XVI's butler had been arrested on suspicion of leaking confidential documents and letters from the pontiff's private study to newspapers. More »Vatican confirms Pope's butler arrested over leaks
MADRID (Reuters) - The extent of potential losses at Spain's Bankia, which has been rescued by the state to the tune of 23.5 billion euros, cannot be extrapolated to the country's banking system as a whole, Chairman Jose Ignacio Goirigolzarri told analysts … More »Bankia says its situation doesn't reflect Spain's banking system
The new president of Spain's fourth-biggest bank, Bankia, said Saturday he was confident of receiving from the government 19 billion euros ($24 billion) in the largest bank bailout in the country's history. More »Bankia confident of getting 19 bn euro bailout
MADRID (Reuters) - Spain's Bankia said on Saturday that it could sell its stakes in Spanish companies in future, a day after it asked the state for a 19 billion euro ($23.77 billion) bailout, the biggest ever bank rescue in the country. Bankia and its … More »Bankia says it could sell Spanish company stakes
MADRID (Reuters) - Bankia's chairman said on Saturday that a merger of the troubled bank with its parent group BFA was not on the table for now. The two entities asked for a 19 billion euro ($23.77 billion) state bailout on Friday to cope with possible … More »Bankia and BFA merger not on the table for now - chairman
KUALA LUMPUR (Reuters) - International Financial Corp (IFC) , a member of the World Bank Group, is planning to take part in the planned $1.5 billion listing of Malaysia's Integrated Healthcare Holdings (IHH) in a move to help validate IHH's emerging markets … More »IFC plans to invest in Malaysia's Khazanah healthcare arm
MADRID (Reuters) - Bankia's chairman Jose Ignacio Goirigoizarri said on Saturday he did not envisage converting about 4 billion euros ($5.00 billion)in preference shares held by investors into capital. "We don't envisage that the solution around preference … More »Bankia preference shares not to be converted into capital-chairman
(Reuters) - The board of JPMorgan Chase & Co is expected to make changes to its risk-policy committee after the bank's trading losses of more than $2 billion, The Wall Street Journal reported on Friday, citing anonymous sources. The board is expected … More »JPMorgan board to shake up risk committee - WSJ
MADRID (Reuters) - Spain's Bankia said on Saturday that it could sell its stakes in Spanish companies in future, a day after it asked the state for a 19 billion euro ($23.77 billion) bailout, the biggest ever bank rescue in the country. Bankia and its … More »Bankia says it could sell Spanish company stakes
Britons are expected to spend more than £800m celebrating the Queen's Jubilee, according to new research. More »Jubilee: Britons Set For Big Spending Spree
LONDON (Reuters) - Weak gross domestic product data this week strengthens the case for more Bank of England stimulus, but this has to be weighed against above-target inflation, The Bank policymaker Martin Weale said on Friday. Revised official data this … More »BoE's Weale says case for more QE remains
CHICAGO (Reuters) - LCH.Clearnet, the world's biggest clearer of interest-rate swaps, did not make an initial list of global clearinghouses labelled "systemically important" by a council of U.S. regulators earlier this week, three sources familiar with … More »LCH.Clearnet left off U.S. "systemic" list
NEW YORK (Reuters) - Merrill Lynch's battle to void a $10 million (6.38 million pounds) arbitration ruling suffered a setback this week after a new court filing raised questions about its claims that a panel member had not disclosed her potential conflicts. … More »Exclusive - Merrill misstep may hurt battle vs. broker claims
Spain's fourth largest bank Bankia has asked for 19bn euros (£15bn) in state aid - on top of a previous injection of 4.5bn euros. More »Troubled Bankia Asks Spain For £15bn In Aid
(Reuters) - JPMorgan Chase & Co won preliminary court approval of its agreement to pay $110 million (70.2 million pounds) to settle nationwide litigation accusing it of charging excessive overdraft fees. The settlement would resolve lawsuits brought on … More »Court OKs JPMorgan fee pact; Capital One talks fail
LONDON (Reuters) - Weak British gross domestic product data this week strengthens the case for more Bank of England stimulus, but this has to be weighed against above-target inflation, BoE policymaker Martin Weale said on Friday. Revised official data … More »BoE's Weale says case for more QE remains
MADRID (Reuters) - Financial troubles at a big Spanish bank and one of the country's richest regions, Catalonia, piled on problems on Friday for the Madrid government and for investors who question whether it can pay its debts without help from euro zone … More »Bankia, Catalonia pile on Spanish debt worries
MADRID (Reuters) - Troubled Spanish lender Bankia asked the government for a 19 billion euro (15.19 billion pounds) bailout on Friday, more than double what the government said would be the minimum needed earlier this week. The new management team at … More »Factbox - Spain's Bankia asks for 19 billion euro bailout
MADRID (Reuters) - Troubled Spanish lender Bankia asked the state for a bail out of 19 billion euros (15.19 billion pounds) on Friday, more than double what the government said earlier this week would be the minimum needed. The additional funds to cover … More »Spain's Bankia asks state for 19 billion euro bail out
MADRID (Reuters) - Spain's troubled Bankia , which asked for a state bailout of 19 billion euros on Friday, also revealed a 2.979 billion euro (2.38 billion pounds) loss for 2011 after restating its accounts. The bank had stated in early May, before the … More »Bankia reveals 3 billion euro loss for 2011
WASHINGTON (Reuters) - JPMorgan Chase Chief Executive Jamie Dimon has been invited to testify before the Senate Banking Committee on June 7 to give lawmakers insight into the bank's trading loss of at least $2 billion (1.27 billion pounds), Senator Tim … More »JPMorgan's Dimon to testify before Congress in June
Vatican police arrested Friday a man -- reportedly the pope's butler -- on allegations of having leaked confidential documents and letters from the pontiff's private study to newspapers. More »Pope's butler arrested in Vatican leaks scandal
JPMorgan Chase's embattled chief executive Jamie Dimon will be hauled before Congress on June 7 to explain recent huge trading losses, legislators announced Friday. More »JPMorgan boss to face lawmakers June 7
LONDON (Reuters) - HSBC said it had no appetite to take advantage of turmoil in the euro zone and make big acquisitions there or anywhere else where rivals are selling major assets. "We're good at running our own businesses, we're not so good at making … More »HSBC sees "no big deals" as pay row fizzles
MADRID (Reuters) - Spain's Bankia SA is set to ask the state for a more than 15 billion euros (12 billion pounds) bailout on Friday, marking another rise in the cost of a drawn-out rescue of the country's fourth-biggest bank. The capital shortfall at … More »Bankia set to ask Spain for more than 15 billion euros
VATICAN CITY (Reuters) - Pope Benedict's butler was arrested on Friday in connection with an investigation into leaks of confidential documents, some alleging cronyism and corruption in Vatican contracts, a senior Vatican source said. The scandal, which … More »Pope's butler arrested in leaks investigation
To make your journey around the capital as smooth and safe as possible, London’s transport operator TfL has issued some guidance on how to travel efficiently during the four-day holiday. More »Diamond Jubilee 2012: London travel advice over the bank holiday
VATICAN CITY (Reuters) - In the type of drama that rarely filters out of the Vatican, the president of its bank has been ousted by a board of external financial experts who voted no confidence in his leadership. Ettore Gotti Tedeschi, who was shown the … More »Vatican bank president ousted; claims he is victim
London stocks closed fractionally up Friday after an unsteady day of trading buffeted by new fears over the state of the Spanish economy. More »FTSE inches up at the close
PARIS (Reuters) - French banks, which are among the lenders most exposed to Greece, have stepped up their efforts on contingency plans for the debt-laden country leaving the euro zone, sources familiar with the situation said. The heightened preparations … More »French banks plan for Greek euro zone exit - sources
ATHENS (Reuters) - Significantly fewer German and British tourists visited Greece in the early months of 2012, the central bank said on Friday, kept away by the political turmoil that prompted one foreign holiday operator to delay payments on hotel bookings. … More »Turmoil weighs on Greek tourist industry
LONDON (Reuters) - Spain's bank restructuring fund FROB is considering delaying the auctions of Catalunya Caixa and Banco de Valencia, two of the banks rescued by the state, because of an audit of the banking sector now taking place, sources close to … More »Spain mulls delay of two bank auctions-sources
The head of the global banking lobby which handled the private debt write-off for Greece warned on Friday that if the country leaves the eurozone, the world economy would suffer badly. More »Greek exit would destabilise world economy: lobby
LONDON (Reuters) - Britons' expectations for the level of inflation over the coming year fell this month to 2.8 percent after edging up to 3.0 percent in April, a monthly survey by polling company YouGov for U.S. bank Citi showed on Friday. Inflation … More »UK inflation expectations fall in May - Citi/YouGov
LONDON (Reuters) - HSBC's pay plan for directors was opposed by 10.2 percent of shareholders at the bank's annual meeting on Friday, less than the previous year as Europe's biggest bank avoided the kind of shareholder backlash seen by competitors. HSBC … More »HSBC pay plan opposed by 10.2 pct of shareholders
More than one in 10 struggling mortgage-holders fell behind on payments in the first three months of the year. More »Bank: 10% of mortgages in arrears
LONDON/ATHENS (Reuters) - Greek savers may be gripped by a "great fear that could develop into panic" in the words of President Karolos Papoulias, but many Greeks shifted their money to safer havens in Britain, Switzerland, Germany and Nordic countries … More »Analysis- Greeks not alone in bank savings exodus
A former head of security at Lloyds Banking Group has been charged over an alleged multi-million pound fraud at the bank. More »Lloyds Ex-Security Boss Charged With Fraud
LONDON (Reuters) - Anthony Parsons, vice-chairman of British mergers and acquisitions at Deutsche Bank , has left to join boutique investment bank Greenhill & Co , two people familiar with the matter said. Parsons, one of the lead advisers to security … More »Parsons leaves Deutsche for Greenhill -sources
SAN FRANCISCO/NEW YORK (Reuters) - Silicon Valley isn't quite ready to dump Morgan Stanley over the Facebook IPO fiasco. It could be said that playing a role in botching the world's biggest tech initial public offering would be enough to kick its lead … More »Facebook fallout: Silicon Valley won't snub Morgan Stanley