Banking Sector
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Efforts all summed up for women on boards

Efforts all summed up for women on boardsThe former chief executive of Standard Chartered Lord Davies of Abersoch, is to chair a evaluation gazing at ways to get further women into British boardrooms.

RBS hurt by FSA investigation

RBS hurt by FSA investigationThe Queen's bank, Coutts, is under inspection from the financial market supervisory body over a fund it vends to customers covering TV presenter Jeremy Clarkson, it come into view yesterday.

RBS, owning Coutts, reveals the Financial Services Authority examination during its interim outcome yesterday. This paves in just days since the watchdog's delivered RBS with a record penalty.

IDBI Bank merging home loan wing

IDBI Bank merging home loan wingThe state-governed IDBI Bank expressed that it shall merge its Pune-based entirely owned home loan auxiliary IDBI Home finance in itself to unite its home loan venture and grow more souk share.

Lloyd to sell stake in BOS

Lloyds-BOSLloyds Banking Group has decided to sell a major stake in the Bank of Scotland Integrated Finance, with its private equity wing, to Coller Capital wrapped up in a deal that totals the assets of the group at £480m.

The deal shall be finalized by paying Coller £332m for making a 70 per cent stake in the new joint venture called Cavendish Square Partners, with Lloyds taking the remaining 30 per cent.

Overdraft Fees to Be Slashed by Lloyds TSB

Overdraft Fees to Be Slashed by Lloyds TSBLloyds TSB is ready to bring slashes in the overdraft fees on its existing accounts from December. From 2 December, it is slashing the daily and monthly fees for consumers, who go in debt without permission and will divide to £10, the fee for bouncing a cheque or electronic payment.

The bank confessed that it was in process to respond to complaints from its consumers concerning how much they were being charged.

France Backs Europe Move on Bank Stress Tests

Christine LagardeFrance is witnessed to extend its support to the rapid publication of bank "stress tests" aimed to placate financial market fears over their power to recuperate with the debt crisis that entangled Greece, the French Economy Minister posted on Thursday.

Spain Decision to Detail Bank Tests Cited to Prompt EU Neighbors

The Bank of Spain's decision to reveals the stress tests' details on the financial health of its banks may trigger European neighbors to follow suit as investors seek for more disclosure of the risks on banks' books.

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