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Merchant banks

Raiffeisen Bank International

Raiffeisen Bank International to increase bad debt provisions for 2013

Raiffeisen Bank International had been drubbed by bad debts in its Eastern European business as well as insolvencies and restructuring in its home country of Austria.

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Shadow banking

Shadow banking precursor to another 'Lehman Weekend'

The 'Lehman Weekend' was the height of the financial crisis five years ago and may be repeated if 'shadow banking' would be allowed to continue without regulatory action.

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Jeroen Dijsellbloem

EU agency to manage weak banks and deep debts to be set up post-German elections

The Bank Recovery and Resolution Directive for all EU members to recognize the Single Resolution Mechanism would be created after the German elections.

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Frankfurt Stock Exchange

Taxing financial deals is illegal- EU lawyers

Lawyers of the European Union said the proposed transaction tax plan was illegal.

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OGX

To avoid bankruptcy, OGX Petroleo may seek more cash from bondholders

OGX Petroleo, Eike Batista's flagship company, may seek more financial assistance from bondholders to avoid seeking bankruptcy protection.

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Mauritius Bourse

Mauritius opening up to Indian banks

Indian banks are seeking to set up shop in Mauritius in order to gain from possible business the African continent would provide.

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JPMorgan Chase & Co.

After regulatory investigations, JPMorgan Chase beefs up oversight- sources

Sources told the Wall Street Journal that JPMorgan & Chase would be allocating USD 4 billion to strengthen its oversight controls.

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KPMG

Basel IV requirements would need another GBP50 billion for compliance

UK banks would need another GBP50 billion on top of GBP13.7 billion to comply with both Basel III and Basel IV.

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Wells Fargo

Pundits, analysts see US Crop Insurance program a money-laundering scheme

Analysts and pundits alike saw that private insurers who received state aid are reaping more benefits than they should.

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Barclays Plc

Barclays reveals it will spend GBP 1.4 billion in consumer bank overhaul

Barclays said would spend GBP 1.4 billion to revamp its consumer banking unit.

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Danske Bank AS

Scandinavian banks have been called out by S&P analysts

Standard and Poor's analysts have criticized the practice of Scandinavian banks.

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IberiaBank

IberiaBank expands with new branches

IberiaBank Corporation finalized the agreement that assumed the assets of Trust One Bank.

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Atlantis, The Palm

Atlantis, The Palm finalizes loan facility worth USD880 million

Several local and international banks come together to provide a loan facility worth USD880 million for Atlantis, The Palm.

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Standard Chartered

Africa's richest man to fund Nigeria's largest oil refinery plan with loan

Dangote Group president and Africa's richest man Aliko Dangote signed a loan worth USD3.3 billion with 12 local and international banks to fund a USD3 billion proposed oil refinery complex in Nigeria.

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European Banking Authority

The EU setting up policies to curb 'shadow banking' practices

New policies are being instituted to make 'shadow banking' safer for market players, according to the European Union.

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