Despite recovery, Italy’s bank problems still unsolved
ROME: Italian banks are now in a much healthier position to absorb potential losses with larger capital buffers.
However, more recently and on top of...
Wall Street betting on big banks ahead of earnings
WASHINGTON: All eyes are on banks stocks ahead of earnings next week, and the Street is split on whether financial stocks are attractive at...
World unprepared for slowdown, says IMF
WASHINGTON: The leaders of the world’s largest countries are dangerously unprepared for the consequences of a serious global slowdown, a senior executive at the...
RBS critic pays £20,000 for criticising bank
LONDON: A critic of Royal Bank of Scotland’s disgraced restructuring unit has spent £20,000 on a billboard berating the high street bank as part...
Chinese central bank aims more stimulus to support growth
Beijing: Top Chinese officials, including central bankers and public servants, have unveiled a series of additional measures aimed at supporting the nation's GDP growth...
JPMorgan to pay $135m for improper handling of ADRs
Washington: JPMorgan Chase & Co will pay over $135 million to settle charges it mishandled so-called “pre-released” American Depositary Receipts (ADRS), the Securities and...
Morgan Stanley unit to pay $10 million fine for violations
New York: Wall Street’s industry funded watchdog fined the US brokerage unit of Morgan Stanley $10 million today for compliance failures in the firm’s...
GCC banks and regulators see new opportunities in mergers
Dubai: Once a taboo in the GCC bank boardrooms, the option of a merger has become more acceptable, thanks to the recent successful mergers...
Bank Alfalah, Engro Polymer form strategic SCF partnership
LAHORE: Bank Alfalah Limited (BAFL) and Engro Polymer & Chemicals Limited (EPCL) have signed a MOU to design and implement customized Supply Chain Finance...
Pakistan’s reliance on Chinese funding to grow: Fitch
KARACHI: The government’s reliance on China will only grow in the coming years as private sector investment continues to decline in the country despite...