Universal bank

They always have an excuse for lacklustre performance, but it is time for them to make bold changes

European payouts rise by more than 10%

Banks lead the way as dividends from companies hit €187bn

Bank reform nears end, says Basel head

Committee plans to clarify final rules within the next year

Bond Sstreet stores
©Daniel Jones

London faces steep rise in business rates

Businesses outside the capital set to gain from revaluation

UAE looks east in finance centre drive

Abu Dhabi shuns ‘dead Swiss model’ in push to become wealth hub

BIZ LIFE Thor Bjorgolfsson Chairman of Novator Credit: David Parry/ FT
©David Parry

Thor Bjorgolfsson: back from the brink

The Icelander who played a lead role in his country’s boom and bust

Wall Street banks recover trading revenue

Quarter set for first year-on-year fixed-income rise since 2009

Activist fund targets Kyocera and Canon

Oasis helped prod Nintendo out of consoles-only strategy

BNY Mellon directors quizzed on CEO hunt

Bank denies it is conducting a search to replace Gerald Hassell

Insurers face €300m payout for air crash

Compensation claims unlikely to be challenged, say lawyers

Charity calls for letting fees ban

Competition ‘has had no effect’ on charges

Macquarie pays $15m to settle SEC charges

Investment bank backed US share sale by a Chinese coalminer that was an empty shell

Goldman returns to political centre stage

The celebrated cephalopod is again influencing the action

Former Logica manager jailed for insider trading

Willmott given 10-month sentence after FCA probe

Slow death of equity markets is bad news

Companies reject stock markets for debt

Sanne raises £142m in IPO

Jersey-based group plans to accelerate growth as it eyes potential acquisitions in Europe and Asia

RBS confirms Coutts International sale

UK lender confirms sale to Union Bancaire Privée

London property price rises slow down

Average Q1 growth in UK capital at 1% amid mansion tax fears

Co-op Bank losses ‘set to lead to merger’

Lender haemorrhages more than 50,000 customers amid bad publicity

City Insider: Tact and fiction

Talking one’s own book hit new highs at Tuesday’s City Week conference

CIMB to advise on 1MDB power unit sale

Malaysian fund to sell assets to pay down $11.4bn debt

Gallagher pursues Ross over defection

Former head of international arm was hired by Towergate

Porat to receive $70m Google award

New CFO’s deal shines spotlight on Silicon Valley packages

Osborne overrode FCO on China-led bank

Decision on AIIB bypassed objections and drew fire from US

Fury over AIIB membership signifies little

Chancellor right to foster Anglo-Chinese relations

Whitehall U-turn on offices-to-homes

Proposal to convert offices to homes dropped after backlash

Rothschild clans set to clash over name

Franco-Swiss private bank poised to issue cease-and-desist order

Bill Gross Pimco exit a ‘stress test’

Asset managers use founder’s abdication to fight new regulation

Data show Greek bank run loomed before deal

Withdrawals pick up again over financial fears and ‘Grexit’ risk

Citizens to ‘wriggle’ out of EU pay curbs

US bank can offer larger bonuses once RBS stake falls below 50%

FCA criticised over pensions rules delay

‘Remedies’ to sector feared to arrive after overhaul

FCA criticised over pensions rules delay

‘Remedies’ to sector feared to arrive after overhaul

Lloyd’s chairman: premiums could stay low

Flood of cash into the sector set to weigh on returns

RBS to sell Coutts to Swiss bank UBP

Geneva-based group is expected to pay about $600m-$800m

BoE warns on financial stability threats

Regulators to assess liquidity risks and contingency plans

Plato runs technology ‘beauty parade’

New European venue underscores mutual ethos with public vote

Watchdogs warn on student debt protection

Switch to cheaper private sector loans carries risks

LSE shares fall as Borse Dubai sells stake

Middle East group offloads position held since 2007

Taobao hosts Cinda distressed debt sale

Internet poised to help digest China’s mounting loan defaults

RBS raises Citizens sell-off to $3.7bn

Strong investor demand in US subsidiary

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