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Banking Times, news overview by NewsXS
Lloyds acquires stake in Mountain Warehouse
Banking Times
[UK] (1 hour)
Lloyds Banking Group is reported to have purchased a minority stake in Mountain Warehouse. The private equity arm of the bank is understood to have acquired a 20% share in the outdoor specialist, which has plans to extend its branch network. The ...
Deutsche Bank opens Copenhagen office
Banking Times
[UK] (1 hour)
Deutsche Bank has announced that it is to open a branch in the Danish capital of Copenhagen. Denmark is one of the German financial institution's key areas for growth and opportunity, particularly for its Corporate and Investment Banking divisions. ...
Northern trust appoints Netherlands' country head
Banking Times
[UK] (1 hour)
Northern Trust has announced the appointment of Wim van Ooijen as country head of Northern Trust The Netherlands. Van Ooijen succeeds Eric Pouwels, who vacates the role to take up his new post as director of Strategic Development for Europe, Middle ...
VTB reports record profits
Banking Times
[UK] (1 hour)
VTB Group has reported its unaudited results for the first six months of 2010, including a record half-year net profit of RUB25.1 bn. The result is even more impressive considering it incurred a net loss of RUB31.5bn during the corresponding period ...
RBS to cut 3,500 UK jobs
Banking Times
[UK] (1 hour)
Royal Bank of Scotland is to cut 3,500 UK jobs as it closes up to 12 offices and completes the sale of 318 branches to Santander. The 84% state-owned group is continuing a restructure having already reduced its headcount by around 4,000 last year. ...
Brewin Dolphin appoints Shrewsbury quartet
Banking Times
[UK] (1 hour)
Independent private client investment manager Brewin Dolphin has announced the expansion of its Shrewsbury branch. A trio of divisional directors bolster the Shrewsbury team, as does Assistant Director Rupert Harvey. In addition to the 70 years' ...
Commerzbank sells off Dresdner Bank Monaco
Banking Times
[UK] (1 hour)
Commerzbank has announced that it has successfully completed the sale of Dresdner Bank Monaco S.A.M. to the Lebanese Bank Audi sal-Audi Saradar Group. The news follows the transaction receiving the necessary regulatory green lights. The Bank Audi ...
Bank of Cyprus reports H1 2010 profits
Banking Times
[UK] (1 day)
Bank of Cyprus Group has reported its interim financial results for the first six months of 2010, including net profits of €163m, a 10% rise compared to the corresponding period last year. Profits before provisions were recorded at €328m, 27% ...
Eurobank reports declining profits in H1
Banking Times
[UK] (1 day)
Eurobank EFG has released its financial results for the first half of 2010, including a 44% slump in net income to €95m. In the second quarter net income was recorded at €34m, approximately half that of the €61m net income achieved in Q1. ...
NBG Group announces H1 profits
Banking Times
[UK] (1 day)
National Bank of Greece Group has announced that in the first six months of 2010 it achieved net profits of €146m. Net interest income rose by 8%, year-on-year, to reach €2,075m, and provision coverage ratio increased by 31% to 63% . The bank's ...
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