Weather New York, NY +73°F

banks

Singapore Penalizes Banks For 1MDB Linkages

Singapore Penalizes Banks For 1MDB Linkages

The country of Singapore regulators said Friday they will fine two banks a total of over $5.3 million for having breached money laundering rules in dealings with an indebted Malaysian state fund.

Read Full Article
Swiss Banks Prolong Bitcoin Industry To Germany And Austria

Swiss Banks Prolong Bitcoin Industry To Germany And Austria

Swiss banks are lending hands for Germany And Austria in the bitcoin industry.

Read Full Article
Check Profile: Region Banks Most Controoversial Employee On Social Media

Check Profile: Region Bank's Most Controversial Employee On Social Media

Up closer with the region Bank's social media violator employee.

Read Full Article
Telecommunication Circuit Board Processing In Israel

Chinese Venture Capital Firm Pando Group is Investing $2 Million in Israeli Fintech Hub The Floor

Israeli fintech hub initiative is receiving $2 million investments from Chinese venture capital firm Pando Group. The partnership is expected to build the bridge between Israel companies and the Asian markets.

Read Full Article
Syngenta SA Products As ChemChina's $43 billion Takeover Is Welcomed

ChemChina Seeks $35 Loans to Complete Acquisition Transaction with Syngenta

Earlier this month, Chinese state-owned company ChemChina reached an acquisition deal of $43 billion with Swiss company Syngenta. After clearing regulation requirements in China, ChemChina is now seeking out loans of more than $35 billion from bankers to fund the purchase.

Read Full Article
Ukraine

Crimeans should pay back loans to Ukrainian banks: Russia

Crimeans should pay off their debts to Ukrainian banks despite now living under Russian law, a Russian central bank official was quoted as saying, marking a change in position by Moscow which had suggested ignoring any payment demands.

Read Full Article
People's Bank of China

China's rate-cut likely to hurt banks, curb new loans to small borrowers

China's latest interest rate cut is set to dent the profitability of domestic lenders, especially mid-sized banks, which are already suffering from higher bad loans and a slowdown in profit growth.

Read Full Article
China

S&P sounds warning on Chinese property sector, Russian banks

Credit rating agency Standard and Poor's said on Wednesday that China's over-priced and over-supplied property market and capital-starved Russian banks were likely to face further downgrades in the coming years.

Read Full Article
French Finance Minister Michel Sapin

French, German resolution fund bill to be 15 billion euros per country

France and Germany have agreed that the banking sectors in each country should pay 15 billion euros ($19 billion) toward an EU fund designed to limit the fallout from a banking collapse, French Finance Minister Michel Sapin said on Tuesday.

Read Full Article
Italy

ECB fails 25 banks in health check but problems largely solved

Roughly one in five of the euro zone's top lenders failed landmark health checks at the end of last year but most have since repaired their finances, the European Central Bank said on Sunday.

Read Full Article
ECB

Europe's bank test celebrations mask mounting challenges

Investors were spared immediate pain on Sunday after the European Central Bank's landmark banking health check did not force massive capital hikes amongst the euro zone's top lenders.

Read Full Article
Frankfurt, Germany

ECB faces test of its own as Europe braces for landmark banking review

After putting the euro zone's top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday - will its landmark health check succeed in convincing investors the region's lenders are safe?

Read Full Article
William Dudley

Banks should defer bonuses 10 years, tap them for fines: Fed official

Banks should defer bonus payments for 10 years and tap the bonus pool to pay any regulatory fines, a top Federal Reserve official said on Monday, taking aim at continued lapses across the industry even after the 2007-9 financial crisis.

Read Full Article
Bank of England

Banks to get instruction manual for submitting Libor quotes

Banks who submit quotes for compiling Libor interest rates will have to follow a manual of instructions to avoid a repeat of the rigging seen in the past, the benchmark's new administrator said on Monday.

Read Full Article
Hedge Fund Manager

Hedge funds seen to snatch risky opportunities US and foreign banks now avoid

While US and foreign banks do away with risky investments like municipal bonds, hedge funds had taken advantage with the loss of a competitor and increased their positions in such assets, a Barron's report said.

Read Full Article
1 2 3 4 5

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics