Kazakhstan National Bank has introduced a new ban prohibiting Kazakh banks from keeping over 30% of their funds abroad, but offered them tenge rate stability and cheap funding at the same time.
Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation.
Ana Patricia Botin was named the new chairman of Spanish bank Santander, replacing her father who died suddenly of a heart attack.
According to the Central Bank Governor, up to now they have been able to keep the money on their correspondent accounts abroad.
Kazakhstan's National Bank has enlarged the Tenge to US Dollar pegged corridor from 6 tenge to 18 tenge.
As of July 1, 2014, 33 out of 38 Kazakhstan-based banks are short of the standard to be introduced in 2019.
Rogue trader Jerome Kerviel, who lost his bank nearly five billion euros, paints himself as a simple soul caught up in an orgy of greed.
Investigators were digging to find who initiated and what was taken in an apparent hacker effort this month to penetrate the systems of US banks.
Alliance Bank of Kazakhstan has agreed the basic terms of restructuring of its $1.2 billion debt.
The shares of Russia's two biggest banks soared after avoiding being delisted from a top emerging markets index as part of the West's response.
The United States and Europe targeted Russia's key financial, arms and energy sectors Tuesday with tough new sanctions in response to Moscow's intervention in the Ukraine crisis.
Bank of Cyprus, the island's largest lender, has completed a one billion euro ($1.34 billion) capital increase in a private placement to help it restructure following a haircut on deposits last year.
Britain's state-rescued Royal Bank of Scotland warned over future earnings despite posting a surge in profits.
The BRICS group of emerging powers created a Shanghai-based development bank and a reserve fund seen as alternatives to Western-led institutions.
The Bank of Japan on Tuesday held off expanding its vast stimulus programme, saying the world's number three economy was recovering despite activity taking a hit from April's sales tax hike.
Japan's SoftBank and Deutsche Telekom of Germany have reached a basic agreement for a merger between their US affiliates Sprint and T-Mobile US, the business daily Nikkei reported.
Samruk-Kazyna Sovereign Wealth Fund has completely withdrawn from Temirbank.
Kazkommertsbank has launched a contactless payment system that uses mobile phones in Kazakhstan.
Reforms proposed to lift global growth in line with a target set by the world's biggest economies earlier this year are so far falling short, Australian Treasurer Joe Hockey said.
Kazakhstan's Vice Prime Minister and Minster of Finance Bakhyt Sultanov reported to the Parliament about the measures the government was planning to use to reduce the foreign debt of the country.
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