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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.

16 January 2013

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".

15 January 2013

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.

10 January 2013

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.

09 January 2013

All Kazakhstan businesses must accept bank cards from January 1 Amendments to Kazakhstan law on payments and transfers came into effect on January 1.

04 January 2013

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.

28 December 2012

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.

27 December 2012

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.

17 December 2012

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.

14 December 2012

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.

14 December 2012

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

28 November 2012

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.

24 November 2012

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".

20 November 2012

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.

20 November 2012

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.

10 November 2012

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.

06 November 2012

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.

27 October 2012

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."

13 October 2012

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.

11 October 2012

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.

11 October 2012

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