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.
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."
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 tengeAccording 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.
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.
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.
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