Articles By Martin Baccardax

From Economy Mar 04, 2013

HSBC Profit Falls as Money Laundering Fines, PPI Costs Hit Bottom Line

Europe's biggest bank says full year profits fell 6 percent to $20.6bn after it set aside $1.4bn in UK PPI costs and paid $1.9bn in money laundering fines.

From Economy Mar 02, 2013

European Market Briefing: Weekly Wrap-up [VIDEO]

IBTimes TV's daily 'Market Briefing' report with European Business Editor Martin Baccardax

From Economy Mar 01, 2013

Bankers' Bonuses Cap: European Rules Don't Make Banks or Markets Any Safer

What you think you know about the "bonus culture" is probably wrong. And so is the EU's attempt to control it.

From Economy Mar 01, 2013

Lloyds Shares Plunge After £750m Loss Linked to PPI Claims

State-controlled lender earmarks £3.75bn to repay customers mis-sold payment protection insurance.

From Economy Mar 01, 2013

RBS: Britain Shouldn't Rush to the Exit

British taxpayers would be much better off taking a multi-year view of their 82 percent stake now that the banking game has changed so much.

From Economy Feb 28, 2013

European Market Briefing: Markets Firmer on Central Bank Support [VIDEO]

IBTimes TV's daily 'Market Briefing' report with European Business Editor Martin Baccardax

From Economy Feb 28, 2013

RBS Posts £5.2bn Pre-Tax Loss as Operating Profit Rises

State-owned lender sees operating improvements and fewer charges for bad loans but sets aside £1bn for PPI and derivatives mis-selling.

From Economy Feb 27, 2013

ITV Posts Solid Earnings, Plans Special Dividend Amid Takeover Speculation

UK's biggest commercial broadcaster will pay £156m to shareholders in move that may keep private equity buyers at bay.

From Economy Feb 26, 2013

Italian Political Gridlock Hammers European Markets [VIDEO]

Stock markets suffer triple-digit declines and bond yields spike higher as investors fear Italian political crisis may have an impact on fragile eurozone recovery.

From Economy Feb 26, 2013

Italy at the Polls: Markets Swing as Berlusconi Plays Senate Spoiler [VIDEO]

Centre-left coalition may win lower house but polls indicate possibility of hung parliament with Berlusconi victory in key region of Lombardy.