Deutsche Bank: To Sell BHF Bank to Kleinwort Benson Group
Deutsche Bank AG (DB) said Thursday it has reached an agreement to sell its private banking unit BHF Bank to RHJ International International SA's (RHJI.BT) unit Kleinwort Benson Group, confirming a report Wednesday by Dow Jones Newswires.
FILL: VTB 2Q Net Profit Drops 63% YoY To RUB10.3 Billion
Russia's number two bank, state-controlled VTB Group (VTBR.RS), said its net profit in the second quarter dropped 63% to 10.3 billion rubles ($326.7 million), as it struggled with "substantial volatility and a challenging market environment." MAIN FACTS: -Net profit dropped 63% to RUB10.3 billion
Australian Banks Pass IMF Stress Test
Australia's banks received "full marks" in an International Monetary Fund stress test considering the possibility of a severe recession hitting the resource-rich country.
Bank Shareholders Must Bear More Risk, Says ECB's Liikanen
Bank shareholders and investors should be prepared to accept greater risk in banking operations rather than laying the responsibility for bailouts on governments and taxpayers, a newspaper reported European Central Bank governing council member Erkki Liikanen as saying.
OFCOM Says Sky is Fit and Proper to Hold its Broadcast Licenses
The independent regulator and competition authority for the U.K communications industries Ofcom, said Thursday it considers that, on the evidence currently available and having taken into account all the relevant factors, Sky is fit and proper to hold its broadcast licenses.