Chinese authorities pushing banks to comply with Basel III
The Chinese government, amidst calls for a pending crisis due to bad debts, is pushing its banks to shore up its capitalization in compliance with Basel III.
Commercial banks
US Regulators Considering Slashing Proposed Capital Hike for Big Banks: Report
The Federal Reserve and two other US regulators are reportedly considering a new plan to reduce a nearly 20% mandated increase in capital for the country's largest banks.
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey...
US Regulators Take Hold of Troubled Lender Republic First and Agree to Sell It to Fulton Bank
US regulators have taken hold of Republic First Bancorp and arranged to sell it to Fulton Bank...
HSBC Is Considering Selling Some Business Units in Germany to Focus on Asia as It Further Exits From Europe
HSBC is reportedly considering selling various business units in Germany...
Latest News
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.
Lehman Bros Europe to pay creditors full value
After unwinding the most complex bankruptcy case in history, Lehman Bros would be paying out full value to its European creditors.
Credit Suisse would sell off its German unit
Credit Suisse AG is to sell of its German subsidiary according to a German paper.
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.
Taxing financial deals is illegal- EU lawyers
Lawyers of the European Union said the proposed transaction tax plan was illegal.
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.
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.
Swiss Re hires former Deutsche Bank private equity head
Swiss Re hires Christopher Minter to head the reinsurer's acquisitions and principal investments business.
Report foresees banks exiting wealth management units in Asia
France-based Societe Generale was the third major bank seeking to sell its private wealth arm in Asia in the last five years.
