Neil Smith News
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Banco Santander SA, Spain’s biggest bank, said first-quarter profit slid 26 percent, missing analysts’ estimates, as income from lending fell in its home market, Brazil and the U.K.
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The latest clutch of Scandinavian crime novels reminds us that the fictional detectives now apparently overrunning Helsinki, Stockholm and Gothenburg are no strangers to sex, violence and the excessive consumption of alcohol.
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Barclays Plc, the only U.K. consumer bank not to have scrapped its profitability target amid Europe’s debt crisis, will struggle to reach the goal without cutting costs as revenue from investment banking falls, analysts said.
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The former Apple Inc. graphics designer who created the smiling computer icon for the original Macintosh testified that the application screen on Samsung Electronics Co. phones is “substantially similar” to the iPhone design patented by Apple.
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Banks are benefiting from a European Central Bank subsidy that could reach 120 billion euros ($158 billion), enough to pay every bonus at financial firms in London for the next 24 years at today’s levels.
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Gabon hired Poyry Oyj , the Finnish engineering consultant, to conduct an audit of oil companies’ facilities to check their preparedness for spills, said Oil and Petroleum Minister Julien Nkoghe Bekale .
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Royal Bank of Scotland Group Plc damped speculation of an immediate sale of the government’s stake in the bank after the lender said it’s poised to repay the last of the emergency loans received in its bailout.
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The European Banking Authority updated its stress tests to take into account extra trading losses that banks may face on their holdings of sovereign debt from crisis-hit European Union countries including Greece.
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Banks in Europe are undercutting regulators’ demands that they boost capital by declaring assets they hold less risky today than they were yesterday.
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Banco Bilbao Vizcaya Argentaria SA, Spain’s second-biggest bank, said third-quarter profit dropped 29 percent after “convulsed” markets caused a trading loss and earnings slumped in its home market.
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