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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

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.

03 October 2012

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.

02 October 2012

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.

02 October 2012

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.

12 September 2012

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.

06 September 2012

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.

02 September 2012

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.

29 August 2012

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.

21 August 2012

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

17 August 2012

'Preferential shares' scandal ruins Spanish savers The bank called them "preferential stakes", but Inocencio Merino would prefer to have avoided them.

09 August 2012

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

07 August 2012

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.

01 August 2012

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.

31 July 2012

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