Friday, March 22, 2019

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...

Huawei’s operations expand global reach

SHENZHEN: Even though it faces security allegations in several developed markets, Chinese technology major Huawei said that its global operations remain stable, with businesses...

Banks to be banned from charging higher fees for unarranged overdrafts

LONDON: Banks are to be banned from charging excessive fees for unauthorised overdrafts as part of the City watchdog’s clampdown on the “dysfunctional” high-cost...

Australian banks lobby regulator on big subordinated debt order

HONG KONG: An Australian regulatory push to boost banks’ capital buffers, which is expected to unleash about A$83 billion ($60 billion) of new junior...

Compliance will kill the bank

I was talking with a banker at a recent conference, and was surprised by his attitude. He’s not worried about Amazon, Google or Alibaba;...

Kuwait allows investors to own and trade in local banks’ shares

Kuwait City: Foreign investors will now be allowed to own and trade in Kuwaiti banks’ shares, according to a new decision issued by the...

Stay connected

0FansLike
1,299FollowersFollow
10,472SubscribersSubscribe