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International News & Information
News and Information
EurActiv.com - Germany, the Netherlands and Finland have issued a joint declaration that appears to unravel much of what was agreed at the last European summit in June, when EU leaders paved the way for the direct...
November 21, 2013 Credit Suisse to Wall Off Swiss Banking BusinessSource: NY Times
LONDON – The Swiss bank Credit Suisse said Thursday that it planned to separate its retail and private banking business in its home market from its riskier investment banking and trading operations in Britain and in the United...
Source: NY Times
LONDON — UBS, the giant Swiss bank, said on Tuesday that it has received requests for information from regulators in Switzerland, the United States and elsewhere related to its foreign exchange business and is cooperating with...
October 1, 2013 Vatican Bank Discloses Annual Earnings Report for First TimeSource: Bloomberg
The Vatican bank disclosed its annual report for the first time in the institute’s history as it seeks to improve financial transparency after several corruption scandals. The bank, formally called the Institute for Works of...
August 9, 2013 Pope moves to tighten controls at Vatican BankSource: The Irish Times
In yet another indication of his desire to clean up the administration of the Holy See, Pope Francis yesterday issued a “motu proprio” strengthening the monitoring of all Vatican entities habitually engaged in financial...
The European Union’s executive arm is heading for a showdown with Germany over its blueprint for shuttering or restructuring failing banks, a plan intended to complement the European Central Bank’s oversight of lenders
LONDON - Regulators decide this week how banks should set a limit to the risk they take onto their balance sheets, with investors likely to pressure lenders to comply before formal implementation in 2018.
April 4, 2013 Report Faults ‘at All Costs’ Attitude at BarclaysSource: NY Times
LONDON — The push to change Barclays from a predominantly British retail bank to a global financial giant over the last two decades created a culture that put profit before customers, according to an independent report released...
April 2, 2013 Controls on Capital Come Late to CyprusSource: NY Times
Capital controls came to Cyprus this week, a few years after they should have arrived — when it needed controls to stem the flow of hot money into the country’s banks.
March 27, 2013 Dutch Official Defends Bailout Stance .Source: Wall Street Journal
AMSTERDAM—A day after roiling global markets by suggesting that investors and depositors should pay up in future bank bailouts, Jeroen Dijsselbloem, the president of the group of euro-zone finance ministers, defended his stance,...
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