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Emmanuel Macron's victory in the French presidential election and his plans to swiftly implement structural reforms is a boon for Paris in its efforts to attract banks and other financial service companies seeking to move operations out of Britain, the head of lobbying group Paris Europlace said on Monday.
India may cut the amount of capital it plans to inject into state-controlled lenders this fiscal year by as much as 78 billion rupees ($1.2 billion) because of slow loan growth, people with knowledge of the matter said.
Bank says investment and loan linkage mechanism is crucial to industrial innovation
The EU's top anti-trust regulator on Wednesday slapped fines on banks HSBC, JP Morgan and Credit Agricole for rigging the Euribor interest rate benchmark used for a wide range of financial instruments.
Cyber criminals have remotely attacked cash machines in more than a dozen countries across Europe this year, using malicious software that forces machines to spit out cash, according to Russian cyber security firm Group IB.
The inclusion of the yuan in the Special Drawing Rights basket of the International Monetary Fund will bring great business opportunities to commercial banks with an integrated platform serving clients onshore and offshore.
The National Bank of Ukraine (NBU) expected that the country's banking system will recover from the ongoing crisis next year, a senior bank official said here on Thursday.
FRANKFURT, Oct 5 Euro zone banks borrowed $2.8 billion from the European Central Bank's emergency line on Wednesday, one of the biggest weekly take-ups since the financial crisis, as Deutsche Bank's woes and tighter U.S. rules made market funding more difficult.
The Australian government has promised a "significant" cultural change in the way Australia's big banks treat their customers. ahead this week's three-day Parliamentary inquiry into the banking sector set to get underway in Canberra on Tuesday.
SWIFT, whose messaging network is used by banks to send payment instructions worth trillions of dollars each day, said three clients were hacked over the summer and cyber attacks on banks are set to increase.
Banking operations in India were badly affected Friday as around one million bank employees of 40 private and public banks staged a one-day strike to protest against the policy for banking sector of the government under Prime Minister Narendra Modi.
The biggest losers after Prime Minister Malcolm Turnbull scraped through to win Australia’s fractious elections could be homebuyers facing higher costs on their A$1.6 trillion ($1.2 trillion) in mortgages.
China is further tightening risk management regulations on the banking industry and stepping up efforts to build and improve a comprehensive risk management system.
With the long and stiff adjustment of the economic structure, risks of capital chain of enterprises represented by overcapacity industries continue to expose. The quality of credit assets of commercial banks correspondingly deteriorates at faster speed.
Asian share markets turned tail on Wednesday as fears over instability in the European Union returned with a vengeance, sending the pound to three-decade lows and hammering risky assets of all stripes.
US regulators on Tuesday told banks to review the cyber security they have in place to protect against fraudulent money transfers and other threats to a global payments network, months after hackers stole US$81 million from the Bangladesh central bank’s account at the Federal Reserve Bank of New York and moved the money to a bank in the Philippines.
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