Tough regulation stalls big mergers

Number of smaller tie-ups has rebounded in second quarter

Clawing back bonuses easier said than done

UK lawyers have warned clawbacks would be difficult to enforce

week in review

Week in review, August 2

Featuring oil majors, Airbus, and UK and European banks

Sberbank says sanctions hit world finance

EU action will not ease Ukraine crisis, argues big Russian lender

Cocos: return of toxic bubble-era stuff

Extreme fear is overcoming bond buyers’ extreme greed, but John Dizard doubts this will last

High Street Banks.

Bank exceptionals: behind the numbers

The distance between adjusted profits and real net profits

RBS curbs its exposure to Russia

Bank says lending down £100m in first half of year

SocGen shakes off hit on Russia business

Problems more than outweighed by performance elsewhere

Russian groups convert cash reserves

Sanctions spark move into Asian currencies

Cukurova reclaims Turkcell controlling stake

Turkish conglomerate’s $1.6bn deal ends seven-year battle with Russia’s Alfa

Report says bank funding advantage erodes

Wall Street cheers Government Accountability Office study

Investor, by their writedowns so shall you know them

‘Exceptionals’ in Lloyds, Shell, and Diageo results

BES scrambles to avert government rescue

European banks feel backlash of clean-up

Record losses for Banco Espírito Santo and BNP Paribas

A cynic’s case for the bankers’ oath

Any oath-taking ceremonies would have a surreal quality

Banco Espírito Santo: holey credit

Portuguese bank needs lessons in crisis PR

Santander’s bad loan ratio falls

BES shares tumble after order to raise capital

Portuguese central bank also said former executives could face legal action

Erste swings to €1bn net loss

Writedown in Romania and money set aside for Hungary forex law

Lloyds reviews rate riggers’ bonuses

Bank to consider ‘all options’ including withholding pay


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