Financial Times FT.com

Resources

Principal content

Nationwide lashes out at rescued banks

The head of Nationwide, Britain’s biggest building society, accuses government-backed companies of seriously distorting the savings market as its profits fall more than 60%

Block on Minsheng deal costs US $1.7bn

US authorities blocked Minsheng, the Chinese bank, from acquiring a Californian lender in a deal that could have saved almost $300m of taxpayers’ money and $1.4bn from an industry insurance fund, say people familiar with the matter.

Goldman boost from business aid fund

Goldman Sachs’ programme for US small businesses could help it meet some of its duties under a law aimed at aiding low-income communities – a sign of the demands created by its conversion to a bank holding company last year

ABN Amro and Fortis set for €4.4bn bail-out

The Dutch state plans to provide the two nationalised banks with further capital to keep their merger on track in what it says will be the groups’ final bail-out

Nationwide seeks help in new rash of acronyms

The building society sector, led by the leading operator, approaches regulators about a CoCo-based model that could buttress their stressed capital bases

Lex: Regulators inside banks

Self-sufficiency is becoming another victim of the crisis – whether in risk oversight, due diligence, or the wisdom of reading banks’ fine print

Trichet warns on bank bonuses

Jean-Claude Trichet, ECB president, has issued his strongest warning yet that banks must keep pay and bonuses ‘contained’ and prepare for withdrawal of emergency support

China’s banks face overseas pitfalls

Torture case brought in the US reveals the perils that could threaten the overseas’ expansion dreams of China’s government-owned entities

Lex: Minsheng IPO

The initial public offering of China’s eighth largest lender by assets has witnessed the largest haul by any local debutant this year

Ministers defend new FSA powers

The economy will not suffer if legislation allowing bankers’ bonus deals to be ripped up drives ‘reckless’ individuals from the City to other countries, says the government

Santander offers fee-free account

JPMorgan completes takeover of Cazenove

Minsheng raises $3.9bn from Hong Kong IPO

Wells Fargo agrees to buy back securities

JPMorgan unveils £1bn Cazenove deal

KBC to shed risky lines in EU compliance deal

Gillian Tett: The backlash against banks has barely started

Irish central bank chief hits at cap on pay

Analysis: Goldman’s lost glister

Lex: Goldman Sachs

Related content and features

Track this Topic

News alerts

Email - create a keyword alert on the subject of this topic

Email summaries

Email - start your day with daily email briefing on this topic

RSS feeds

RSS - Track this news topic using our feeds