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Iran's Central Bank Governor Tahmasb Mazaheri. ©REUTERS
Ex-Iran bank chief found with $70 mln cheque: report

The former head of Iran's central bank, Tahmasb Mazaheri, has been found in possession of a cheque worth 54 million euros ($70 million) by German authorities.

Ex-Iran bank chief found with $70 mln cheque: report
Europe will get its money back says Bank of Greece
Europe will get its money back says Bank of Greece

Greece will pay back the billions of euros of European aid it has received to fight its debt crisis, the head of the country's central bank told Germany's Sueddeutsche Zeitung.

Europe will get its money back says Bank of Greece
Snapshot of the personal page in Kazkom. Photo courtesy of Facebook user
Lucky man from Almaty received $500 thousand instead of 500 thousand tenge

$500 thousand was transferred to an Almaty citizen's account instead of 500 thousand tenge in one of Kazakhstan banks.

Lucky man from Almaty received $500 thousand instead of 500 thousand tenge
BoJ starts first meeting under new Japan government
BoJ starts first meeting under new Japan government

The Bank of Japan on Monday began its first policy meeting since the new premier took office with a pledge to pressure it into aggressive monetary easing to revive the long-suffering economy.

BoJ starts first meeting under new Japan government
©REUTERS
Kazakhstan’s banks struggling to handle local companies’ orders for POS-terminals

Earlier this year the Government introduced a range of liability for businesses unable to accept bank cards.

Kazakhstan’s banks struggling to handle local companies’ orders for POS-terminals
©REUTERS
China bank's 'sexist' promotion sparks outrage

A Chinese bank's offer to automatically transfer most of a husband's income to his wife's account has provoked fury, with some calling it "the most atrocious banking service against men in history".

China bank's 'sexist' promotion sparks outrage
Chairman of Kazakhstan National Bank Gregory Marchenko. Photo by Tengrinews©
Kazakhstan businessmen avoid POS-terminals, Marchenko concerned

Head of Kazakhstan’s National Bank says Kazakhstan businesses are poorly prepared to accept card payments because they don't want to install POS-terminals.

Kazakhstan businessmen avoid POS-terminals, Marchenko concerned
Relaxing bank liquidity rules sparks hope for euro lending boost
Relaxing bank liquidity rules sparks hope for euro lending boost

The loosening of liquidity rules due to come into effect on banks raises hopes among some analysts to a recovery of lending the eurozone.

Relaxing bank liquidity rules sparks hope for euro lending boost
Photo courtesy of biznestoday.ru
All Kazakhstan businesses must accept bank cards from January 1

Amendments to Kazakhstan law on payments and transfers came into effect on January 1.

All Kazakhstan businesses must accept bank cards from January 1
New Japanese finance chief hits out at BoJ: reports
New Japanese finance chief hits out at BoJ: reports

Japan's new finance chief hit out at the country's under-pressure central bank, reports said Thursday, saying it was "slow" in tackling deflation that has plagued the economy for years.

New Japanese finance chief hits out at BoJ: reports
Yelena Bakhmutova. Photo by Yaroslav Radlovskiy©
Samruk-Kazyna mulls merging Temir and Alliance banks in 2013

Samruk-Kazyna National Welfare Fund is considering a merger of Temir Bank and Alliance Bank in 2013.

Samruk-Kazyna mulls merging Temir and Alliance banks in 2013
Former chairman of Alliance Bank Margulan Seisembayev. Photo by Yaroslav Radlovskiy©
London's High Court unfroze assets of Alliance Bank former managers

London's High Court canceled the ruling on blocking the assets towards former chairman of Alliance Bank Margulan Seisembayev, who is one of the defendants on the lawsuit on fraud for $1.1 billion.

London's High Court unfroze assets of Alliance Bank former managers
©REUTERS
Mitsubishi Bank fined $8.6 mn for flouting US sanctions

Mitsubishi UFJ, Japan's biggest bank, must pay US authorities a fine totaling some 8.6 million dollars for flouting US sanctions on Iran, Sudan, Myanmar and Cuba.

Mitsubishi Bank fined $8.6 mn for flouting US sanctions
EU seals deal on banks watchdog, ahead of end-of-year summit
EU seals deal on banks watchdog, ahead of end-of-year summit

The European Union agreed early Thursday to create a bank supervisor to oversee lenders across the eurozone, following marathon talks which ended hours before the year's final EU summit.

EU seals deal on banks watchdog, ahead of end-of-year summit
Photo courtesy of nnm.ru
Majilis approved law on state educational deposits

Kazakhstan Majilis approved a law to introduce a state educational deposits system in Kazakhstan.

Majilis approved law on state educational deposits
©REUTERS
S. Korea vows 'aggressive' defence against Lone Star claim

South Korea said it would "aggressively" defend itself Thursday after a US private equity firm initiated arbitration of a damages claim arising from the sale of its stake in a Korean bank.

S. Korea vows 'aggressive' defence against Lone Star claim
Bank of Japan Governor Masaaki Shirakawa. ©REUTERS
BoJ holds off fresh easing despite calls for action

The Bank of Japan held off launching fresh easing measures on Tuesday, despite growing calls for further stimulus to spur the economy and as it warned of a "high degree of uncertainty".

BoJ holds off fresh easing despite calls for action
©REUTERS
Moody's warns on Italy's banks

Rating agency Moody's warned Monday that Italy's banks face worsening conditions over the coming year with asset quality declining, low profitability, and poor access to markets for funds.

Moody's warns on Italy's banks
Photo courtesy of ink-bonn.de
US not ready for Basel III bank rules: Treasury

The US Treasury announced Friday that it would not implement the Basel III rules for strengthening banks on January 1, saying the banks were not yet ready to meet the tougher capital standards.

US not ready for Basel III bank rules: Treasury
Spain blocks ECB nominee as gender row deepens
Spain blocks ECB nominee as gender row deepens

Spain blocked Monday the appointment of another man to the all-male ECB's executive board but a source said Madrid's decision was motivated by a desire to regain influence at the top of the eurozone's central bank.

Spain blocks ECB nominee as gender row deepens