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Citi fined $2 mn over Facebook IPO leak

US banking giant Citigroup paid a $2 million fine to a state regulator and fired a junior analyst over a probe into leaks of confidential information on Facebook's public offering.

Citi fined $2 mn over Facebook IPO leak
Sarkozy resurfaces at New York bank conference
Sarkozy resurfaces at New York bank conference

Five months after losing re-election, an unshaven French ex-president Nicolas Sarkozy appeared Thursday at a New York banking conference and reportedly said he looked forward to a "new life."

Sarkozy resurfaces at New York bank conference
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IDB told about development of Islamic financing in Kazakhstan

Chairman of ICD told about the plans for Islamic financing in Kazakhstan at the 3rd Kazakhstan conference on Islamic Financing.

IDB told about development of Islamic financing in Kazakhstan
©REUTERS
US sues Wells Fargo for mortgage fraud

The US filed suit Tuesday against US banking giant Wells Fargo, alleging mortgage fraud that cost the government hundreds of million of dollars after the holders of the home loans defaulted.

US sues Wells Fargo for mortgage fraud
Arab and LatAm leaders agree to investment bank
Arab and LatAm leaders agree to investment bank

Latin American and Arab leaders agreed to form a joint investment bank during a summit in Peru at which they also discussed the increasingly bloody civil war in Syria.

Arab and LatAm leaders agree to investment bank
Photo courtesy of profinance.kz
Kazakhstan residents prefer loans in tenge

According to the National Bank, of Kazakhstan the share of the loans issued in tenge exceeded 68 percent and made over 6.4 trillion tenge ($42 billion) as of September.

Kazakhstan residents prefer loans in tenge
Photo courtesy of kursiv.kz
Kazakhstan residents have almost $32 billion on bank deposits

A majority of the deposits is registered in Almaty: over 2.1 trillion tenge ($14 billion) or 45 percent of the total amount.

Kazakhstan residents have almost $32 billion on bank deposits
Photo courtesy of accountancyage.com
Fresh calls for inquiry into Australian currency scandal

New documents reportedly showing that Australia's central bank knew about a banknote bribery scandal before it became public raised fresh calls Wednesday for an inquiry into the allegations.

Fresh calls for inquiry into Australian currency scandal
©REUTERS/Jonathan Bainbridge
MasterCard has first swipe in Myanmar

MasterCard on Thursday said it had signed a deal with a Myanmar bank that it hopes will pave the way for electronic payments, in an impoverished country where most transactions are made in cash.

MasterCard has first swipe in Myanmar
Bernanke signals desire for more Fed stimulus
Bernanke signals desire for more Fed stimulus

US Federal Reserve Chairman Ben Bernanke expressed deep worry over the US economy Friday and argued for fresh action to stimulate growth from the central bank.

Bernanke signals desire for more Fed stimulus
Photo courtesy of blog.freehomerefi.com
Brazil set to cut interest rate to new record low : analysts

Brazil's central bank is set this week to announce its ninth interest rate cut to a record low of 7.5 percent, in a bid to revive sluggish economic growth.

Brazil set to cut interest rate to new record low : analysts
Photo courtesy of hsc.wvu.edu
German region to buy more Swiss tax cheat data

The German region of North Rhine-Westphalia will continue to buy data on people suspected of stashing assets in Swiss banks to avoid taxes, the state premier was quoted as saying on Sunday.

German region to buy more Swiss tax cheat data
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Kazakhstan bank closed its office in London

Kazkommertsbank closed down its representative offices in Great Britain and Northern Ireland on June 1, 2012.

Kazakhstan bank closed its office in London
Photo courtesy of knickledger.com
'Preferential shares' scandal ruins Spanish savers

The bank called them "preferential stakes", but Inocencio Merino would prefer to have avoided them.

'Preferential shares' scandal ruins Spanish savers
Photo by Yaroslav Radlovskiy©
Kazakhstan National Bank slashes key rate

The step is related to slowing down in the annual inflation in Kazakhstan: National Bank.

Kazakhstan National Bank slashes key rate
Photo courtesy of neftegas.ru
China hits back at new US sanctions over Iran

Beijing reacted furiously Wednesday to new US sanctions imposed on a Chinese bank over transactions with Iran, urging Washington to revoke them and saying it would lodge an official protest.

China hits back at new US sanctions over Iran
Asian markets rise again on stimulus hopes
Asian markets rise again on stimulus hopes

Asian markets were generally higher Tuesday, their third consecutive positive session, amid continued hopes for new stimulus measures by European and US central banks.

Asian markets rise again on stimulus hopes
HSBC shares dive in Hong Kong after apology
HSBC shares dive in Hong Kong after apology

Shares in global banking giant HSBC fell more than two percent in Hong Kong on Wednesday after a top executive resigned over the lender's failure to control money laundering and terrorist financing.

HSBC shares dive in Hong Kong after apology
HSBC seeks to evict Hong Kong 'Occupy' protesters
HSBC seeks to evict Hong Kong 'Occupy' protesters

Global banking giant HSBC on Monday sought legal permission to evict a handful of protesters camped outside its Hong Kong headquarters, one of the last remnants of the "Occupy" movement in Asia.

HSBC seeks to evict Hong Kong 'Occupy' protesters
Photo courtesy of realestate.com.au
South Korea unexpectedly cuts key interest rate

South Korea's central bank unexpectedly cut its key interest rate Thursday for the first time in more than three years, joining international moves to ease the impact of the eurozone debt crisis.

South Korea unexpectedly cuts key interest rate