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EU finance ministers reach banking union deal EU finance ministers Wednesday reached a banking union accord which will hand Brussels unprecedented new powers to prevent failing banks from wrecking the economy, official sources said.

19 December 2013

Eurozone ministers make progress on Banking Union Eurozone finance ministers said early Wednesday they had made progress on a new bank regulatory system, especially on the funding of a mechanism to close failing banks before they damage the economy.

18 December 2013

Billionaire Utemuratov buys two Kazakhstan banks Kazakh billionaire Bulat Utemuratov has finalized the deal to purchase Alliance Bank and Temirbank from Samruk-Kazyna Sovereign Wealth Fund.

13 December 2013

Slovenia to receive banking bailout bill Slovenia is to learn later this week if it has enough money to shore up its banks on its own or become the latest eurozone country to need outside help.

11 December 2013

Chinese investors look to mine Bitcoin volatility Chinese speculators have seen Bitcoin values plunge, soar and plunge again within days, but say the virtual currency's extreme volatility is a profit opportunity despite the white-knuckle ride.

11 December 2013

Temirbank and Alliance Bank sales: decision to be reached this year The decision on sale of Temirbank and Alliance Bank will be finalized by the end of the year.

04 December 2013

Nurlan Kussainov resigns as Development Bank of Kazakhstan CEO Nurlan Kussainov has resigned as CEO of the Development Bank of Kazakhstan (DBK).

22 November 2013

BoJ holds fire on stimulus, says economy recovering The Bank of Japan on Thursday held off announcing any fresh measures to stimulate the economy, saying it was "recovering moderately" and that efforts to stoke inflation were taking hold.

21 November 2013

Kazakhstan considers Personal Bankruptcy law Kazakhstan is considering adopting a personal bankruptcy law.

20 November 2013

Japan October trade deficit nearly doubles on energy bills Japan's October trade deficit nearly doubled from a year ago, official data showed Wednesday, as soaring post-Fukushima energy bills eclipsed an improving export picture.

20 November 2013

Drugs scandal rocks Britain's troubled 'ethical' bank Britain's Co-operative Bank, which prides itself on ethical investments, has been plunged deeper into crisis after its former chairman was filmed allegedly seeking to buy drugs.

19 November 2013

WTO to open access into Kazakhstan for telecom companies and banks Joining the WTO will affect the telecommunication services rates in Kazakhstan.

18 November 2013

Spanish court confirms intention to extradite Ablyazov’s Security Chief The Spanish National Court (SNC) has confirmed its decision to extradite Aleksandr Pavlov, the Chief of Security of the former Head of Kazakhstan's BTA bank Mukhtar Ablyazov.

10 November 2013

Japan bank to punish executives over loans to gangsters: reports Japan's Mizuho Bank will punish more than 30 executives over revelations that the lender made loans to underworld figures, reports said Friday, in the latest chapter of a headline-grabbing scandal.

25 October 2013

Temirbank robbed in Almaty Robbers found their way into the office of Temirbank at the crossing of Abay and Auezov streets in Almaty and stole around $240 thousand.

23 October 2013

Obama picks 'exceptionally qualified' Yellen for Fed President Barack Obama has nominated economist Janet Yellen to lead the Federal Reserve in a move expected to sustain the central bank's easy money policies and efforts to curb joblessness.

10 October 2013

Foreign inflows fuel Sri Lanka recovery: central bank Sri Lanka's economy grew 6.8 percent in the second quarter, up from 6.0 percent last year thanks to foreign cash inflows which helped a recovery.

17 September 2013

Chinese offer help to Almaty flea market traders Chinese suppliers have offered to help out the Almaty flea market traders whose goods were damaged in the 5400 sq meter fire days ago.

16 September 2013

National Bank releases 5 000 coin dedicated to tenge's 20th anniversary The National Bank of Kazakhstan put into circulation two new commemorative silver coins of 500 and 5 000 tenge nominal value.

10 September 2013

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