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Group opens up offshore bank account database online

A massive database of private offshore banking entities that could be used for tax evasion was posted online for public use Friday by the muckraking group that first reported the files.

Group opens up offshore bank account database online
©REUTERS
UBS France placed under investigation

Paris investigators placed the French branch of Swiss bank UBS under formal investigation Friday on suspicion it helped try to persuade rich French clients to open undeclared accounts in Switzerland.

UBS France placed under investigation
Photo courtesy of smeadvisor.com
France blacklists 17 countries for handling foreign aid

France has drawn up a blacklist of 17 countries including Switzerland that do not help investigate foreign aid fraud, banning the use of their banks to help distribute development funds.

France blacklists 17 countries for handling foreign aid
©REUTERS/Toru Hanai
Bank of Japan says no new easing measures

The Bank of Japan on Wednesday held off fresh easing measures, saying after a two-day policy meeting that a continuation of steps introduced last month would help Japan overcome deflation.

Bank of Japan says no new easing measures
Sri Lanka cuts lending rates hoping for growth

Sri Lanka's central bank Friday cut benchmark lending rates by 50 basis points, saying the move was to designed to encourage growth amid sluggish economic activity this year.

Sri Lanka cuts lending rates hoping for growth
Photo courtesy of houstonmortgageblog.org
Australia cuts interest rate to record low 2.75 pct

Australia's central bank cut interest rates to a record low of 2.75 percent Tuesday, citing weak domestic inflation coupled with a persistently high dollar as investment in the key mining sector hits its peak.

Australia cuts interest rate to record low 2.75 pct
Notorious French bank robber commits suicide after drugs arrest

Marc Armando, the suspected mastermind behind one of France's most spectacular bank heists two decades ago, has committed suicide in prison.

Notorious French bank robber commits suicide after drugs arrest
Chairman of Temirbank Murat Baissynov. Photo courtesy of Temirbank©
Temirbank ready to merge with Alliance Bank

Temirbank is ready to merge with Alliance Bank and is waiting for the shareholders’ decision.

Temirbank ready to merge with Alliance Bank
Photo courtesy of noticiasbancarias.com
Portugal to take two banks to court over swap deals

Portugal said Friday it will take banking giants JP Morgan and Santander to court to make them renegotiate deals that have left state-run companies paying hefty interest rates.

Portugal to take two banks to court over swap deals
Japan's Nakao elected new ADB president

Takehiko Nakao, a former Japan vice minister for finance, has been elected president of Asian Development Bank.

Japan's Nakao elected new ADB president
Illustration by tengrinews.kz
Patokh Chodiev's nephew buys TAIB Kazak Bank

Orifjon Shadiev (Chodiev) purchased 100 percent of TAIB Kazak Bank becoming its new owner.

Patokh Chodiev's nephew buys TAIB Kazak Bank
Sprint counteroffer to make no difference: SoftBank

Japan's SoftBank said Tuesday it still expects its bid to acquire Sprint Nextel will succeed on schedule in July, despite a higher counter-offer from a US firm.

Sprint counteroffer to make no difference: SoftBank
Chairman of the nuclear energy commission of Kazakhstan Ministry of Industry and New Technologies Timur Zhantikin. Photo by Marat Abilov©
Kazakhstan has no competitors as possible location for nuclear fuel bank

The place should have a combination of good experience and technological capacities in nuclear sector: Kazakhstan expert.

Kazakhstan has no competitors as possible location for nuclear fuel bank
Photo courtesy of savingcheap.com
Swiss banks eager to root out undeclared funds: experts

Amid a massive scandal involving France's former budget minister and an undeclared Swiss bank account, Swiss banks are more eager than ever to kick out tax cheats and clear their names.

Swiss banks eager to root out undeclared funds: experts
Cyprus bank workers to strike over pension fears

Cyprus bank workers are to go on strike Thursday over fears pensions may be at risk under the country's crippling bailout, after the new finance minister vowed to do "whatever it takes" to right the economy.

Cyprus bank workers to strike over pension fears
BTA Bank. Photo courtesy of vesti.kz
Buying BTA Bank may have harm Halyk Bank: Standard & Poor’s

In case of this deal Halyk will become the biggest Kazakhstan bank by assets and its market share will make over 25 percent.

Buying BTA Bank may have harm Halyk Bank: Standard & Poor’s
China's Xi signs multi-million-dollar deals in Congo

China's new President Xi Jinping on Friday signed deals worth several million dollars with his Congolese counterpart in sectors as varied as banking and infrastructure, on the final leg of his three-nation Africa tour.

China's Xi signs multi-million-dollar deals in Congo
BRICS stumble in plan for bank to challenge West

Leaders from the BRICS group of emerging powers on Wednesday failed to launch a much-anticipated new development bank to rival Western-dominated institutions like the World Bank.

BRICS stumble in plan for bank to challenge West
Bank deposits of Kazakhstan residents exceed their salaries

Kazakhstan residents are saving more money on their bank accounts than they officially earn.

Bank deposits of Kazakhstan residents exceed their salaries
There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko

We don't see any deposits of Kazakhstan legal entities or individuals in Cyprus banks and our banks have no relations with Cyprus banks: Marchenko.

There are no deposits of Kazakhstan citizens in Cyprus banks: Marchenko