site.news_by_theme bank
National Bank of Kazakhstan defends pension assets' investment into second tier banks
The National Bank of Kazakhstan has responded to the criticism of several members of the Kazakh Parliament, who claimed the Single Pension Fund was practicing risky investments that put the pensioneers' savings in danger.
29 October 2014
Kazakh deputies outraged at risky investments of Single Pension Fund
Kazakhstan MP of Ak Zhol faction voiced their serious concern over the investments the Single Pension Fund was practicing. In their opinion, these activities may lead to destabilization of the entire lending sector of Kazakhstan.
28 October 2014
French court authorises extradition of Kazakh tycoon Ablyazov
A French court authorised the extradition of exiled Kazakh oligarch Mukhtar Ablyazov to Russia and Ukraine, despite concerns over his safety.
25 October 2014
India seen holding rates to guard against inflation
India's central bank will keep interest rates on hold as it awaits more proof that stubborn high inflation is headed downward in Asia's third-largest economy.
30 September 2014
Hungary passes new law helping borrowers, hitting banks
Hungary's parliament adopted a law compelling banks to pay compensation to borrowers hit by past interest rate hikes on loans deemed unfair by authorities.
25 September 2014
Central bank cleans the house in Kazakhstan’s banking sector
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.
17 September 2014
Cyprus fears next tranche of bailout funds at risk
Cyprus is unlikely to receive the next tranche of rescue funds from international lenders after apparently falling foul of them over new legislation.
12 September 2014
Santander names Ana Botin as chair after her father's death
Ana Patricia Botin was named the new chairman of Spanish bank Santander, replacing her father who died suddenly of a heart attack.
11 September 2014
Kazakhstan-based banks obliged to keep equity capital inside the country
According to the Central Bank Governor, up to now they have been able to keep the money on their correspondent accounts abroad.
11 September 2014
Kazakhstan expands Tenge to US Dollar exchange rate corridor
Kazakhstan's National Bank has enlarged the Tenge to US Dollar pegged corridor from 6 tenge to 18 tenge.
10 September 2014
Standard & Poor`s on tenfold obligatory increase in Kazakhstan-based banks’ capital net worth
As of July 1, 2014, 33 out of 38 Kazakhstan-based banks are short of the standard to be introduced in 2019.
09 September 2014
Kerviel: 'ordinary' guy behind France's record rogue trade
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.
08 September 2014
Cyber attacks on US businesses, banks mounting
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.
29 August 2014
Alliance Bank debt restructuring talks break stalemate
Alliance Bank of Kazakhstan has agreed the basic terms of restructuring of its $1.2 billion debt.
15 August 2014
Russia's stocks soar after avoiding delisting
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.
11 August 2014
US and Europe hit Russia with toughest sanctions yet
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.
30 July 2014
Bank of Cyprus completes $1 bn private share placement
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.
30 July 2014
Cautious Royal Bank of Scotland reports sharp recovery
Britain's state-rescued Royal Bank of Scotland warned over future earnings despite posting a surge in profits.
25 July 2014
BRICS create development bank, 'mini-IMF'
The BRICS group of emerging powers created a Shanghai-based development bank and a reserve fund seen as alternatives to Western-led institutions.
16 July 2014
Bank of Japan holds off fresh stimulus, says economy recovering
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.
15 July 2014