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International News & Information
News and Information
December 1, 2015 UK plans to make banks hold up to $15 bln more capitalSource: Reuters
The Bank of England set out plans on Tuesday to require banks to hold a total of up to 10 billion pounds ($15 billion) more capital as they start to lend more freely in a recovering economy, but stopped short of demanding...
Euro zone central bank officials are considering options such as whether to stagger charges on banks hoarding cash or to buy more debt ahead of the next European Central Bank meeting, according to officials.
November 18, 2015 Fear Spreads as China's Finance Firms Face ArrestsSource: Bloomberg
The arrests or investigations targeting the finance industry in the aftermath of China’s summer market crash have intensified in recent weeks, creating a climate of fear among China’s finance firms and chilling their investment...
October 27, 2015 Foreign bank card firms fear tough China regulatory regime
Yahoo Finance - It may also defy a 2012 World Trade Organization (WTO) ruling that found China was discriminating against U.S. credit card firms by allowing China UnionPay, a state-controlled consortium, a monopoly on all yuan...
September 22, 2015 New accounting rules to challenge banking industry: ECB's NouySource: Reuters
The introduction of a new accounting standard for financial instruments will be challenging for the banking industry, especially when it comes to modeling for expected losses, the European Central Bank's supervisory chief said on...
September 16, 2015 More bloodletting to come for European bankers
The Irish Times - The diverging fortunes of European and US banks is reflected in their share performance. The STOXX 600 Banks Index declined 1.5 per cent since the end of 2010, compared with a 39 per cent gain in the KBW Bank...
September 2, 2015 Banks to face €61.5bn hit from new accounting rules, says reportSource: ft.com
New accounting rules could force Europe's top banks to recognise an extra €61.5bn in loan losses, new analysis shows, as a major UK pensions group has warned that bank accounting is not fit for purpose.
Euro zone banks should expect another round of health checks in 2016, the European Central Bank’s top banking supervisor was quoted as saying, adding that Greece’s banks remained solvent.
Barclays Plc set aside an extra 750 million pounds ($1.2 billion) to cover the cost of settling the probe into alleged currency rigging and posted a 32 percent drop in full-year pretax profit at the investment bank.
February 23, 2015 HSBC says CEO Stuart Gulliver holds Swiss accountSource: Reuters
Europe's biggest bank, HSBC said its chief executive, Stuart Gulliver, holds a bank account in Switzerland that was set up in 1998 to hold bonus payments, responding to a report in the Guardian newspaper that said he had a Swiss...
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