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FT.com news
Cajas hit the road to seek European funding
Auditors' role in crisis under scrutiny
Nationwide to raise fees for foreign currency
BP move forces trusts to reduce returns
FT.COM
Cajas hit the road to seek European funding
Spain's besieged caja sector has concluded a week-long roadshow of European investors as the public-sector savings banks seek to drum up interest in funding their revival
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Auditors' role in crisis under scrutiny
The Financial Reporting Council will look into the lessons learnt from the credit crisis with the launch of a new inquiry into the audit and accounting profession's work with non-financial companies
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Nationwide to raise fees for foreign currency
UK's biggest building society is increasing foreign currency charges on its FlexAccount bank card, a travel money 'best buy' used by more than 1m holidaymakers to boost their spending power overseas
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BP move forces trusts to reduce returns
Investment trusts are being forced to cut pay-outs or dip into their reserves to fill the hole left by the suspension of BP's dividend
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US finance chiefs wary on outlook
CFO confidence dips for the first time in more than a year on concerns about the economy and the cost of financial and healthcare reforms, with the Optimism Index sliding about five points
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Citi settlement signals pressure on banks
The Securities and Exchange Commission is continuing to ratchet up investigations on investment banks for their role in the US economic crisis
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IASB proposes accounting overhaul for insurers
Insurers face a radical shake-up in how they account for their business as the international accounting rule maker proposes new rules that investors say could reduce the insurance industry's cost of capital and boost stock prices
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Results underline strength of Europe's corporate recovery
Industrial companies have led the recovery after a crushing fall in earnings last year
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City stockbroker in buy-out
KBC Peel Hunt unveiled a long-awaited £74m staff-led buy-out from its Belgian parent company
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Santander's results fail to meet?forecasts
Spain's largest banking group unveils a slight year-on-year fall in first-half net profits, as bad-loan provisions and a poor domestic market offset solid growth across much of the group
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FSA unveils tough pay and bonus code
The FSA is broadening the scope of its pay code to more than 2.500 financial services companies to comply with EU legislation that introduced some of the world's toughest restrictions on bankers' bonuses
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US banks in rush for cheap finance
US banks are taking advantage of improving earnings and growing investor demand to raise billions of dollars in debt at low interest rates, a move that could boost the sector's profits
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Collins Stewart subdued at halfway
The stockbroker reported revenue broadly flat at £96.1m in the six months to June 30, reflecting the difficulties faced by City brokers in recovering from the crisis
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Citi to pay $75m to settle SEC charges
The US bank did not admit to charges that it failed to disclose more than $40bn in subprime mortgage exposure but the settlement includes information that may be useful in cases against it
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CME predicts OTC opacity will remain
The world's biggest futures exchange says that banks will continue to trade OTC derivatives in much the same way as they did before the crisis in spite of US reforms
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