Merely a relatively stable exchange rate is highly rewarding for holders of KZT because of the very high interest rate in Kazakhstan relative to the US dollar: John Hardy.
Israel's parliament passed a law capping the annual salaries of bank executives at $658,000, among the world's toughest such restrictions.
A state-backed "bad bank" that would take over non-performing loans from a country's banks could also be an option for other countries.
New York's financial regulator announced another $150 million fine against British bank Barclays over its "misconduct" in foreign exchange services offered to clients.
The resignation of Kairat Kelimbetov from the post of the National Bank governor and a prompt appointment of Daniyar Akishev have raised conflicting feelings both in the media and among general public.
Kazakh Senate, the upper house of Kazakhstan’s Parliament, has passed a bill on non-performing loans and assets of second-tier banks.
One of largest Kazakhstan’s banks Kaspi Bank has acquired the status of a bank holding company.
Italy's top bank UniCredit announced plans to shed over 18,000 jobs in an effort to stay profitable as low interest rates and the weak economy weigh on earnings.
Commerzbank, Germany's second biggest lender, said that profits were down in the third quarter, but it still planned to pay out a dividend to shareholders for the whole year.
Germany's biggest lender Deutsche Bank accidentally sent $6 billion to a client after entering the wrong numbers, Bloomberg News reported.
Scandal-plagued Deutsche Bank, Germany's biggest lender, announced a major business and management shake-up that would "fundamentally change" its leadership structure.
Kazakhstan's credit rating remains at BBB with a negative outlook, according to S&P's latest report.
National Fund for Development of Financial Services presented a seven-step plan for Kazakh government to implement amid tenge depreciation.
Chairman of the Development Bank of Kazakhstan Bolat Zhamishev about devaluation of the Kazakh tenge and outlook of Kazakhstan's economy.
Under such circumstances minor players of the market might opt for merging into bigger entities: Mr. Olzhas Khudaibergenov, Head of the Center for Macroeconomic Studies.
Kazakhstan and International Atomic Energy Agency have signed the agreement establishing the international nuclear fuel bank in Kazakhstan.
President of Kazakhstan instructed the National Bank to initiate a mechanism of compensation for private fixed-term deposits in tenge.
Chairman of the Management Board of Nurbank Kantar Orynbayev has voluntarily resigned, Deputy Chairman Saken Akhmetov replaced him.
The principle shareholder of Kazkommertsbank Nurzhan Subkhanberdin has sold a part of his common shares in the bank to Kenes Rakishev.
Yukiya Amano, Director General of the IAEA, representatives of the six nations involved in talks to negotiate the Iranian nuclear program, including Russia’s Foreign Minister Sergei Lavrov and US Secretary of State John Kerry will be among those in attendance.
- National Bank
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- top manager