Tag archive for ‘banks’
By subhadip On Friday, November 11th, 2016

Brexit leaves London-based banks facing ‘nightmarish’ choices

Global banking businesses will face nightmarish decisions if the UK loses its access to euro-clearing trading as part of the Brexit negotiations, the Japanese ambassador to the UK has warned. Koji Tsuruoaka said More...

By subhadip On Tuesday, October 25th, 2016

PPI and Brexit to loom large when high street banks report results

Further charges for the payment protection insurance mis-selling scandal and details of the impact of Brexit will be in the sights of investors when the high street banks report their third-quarter results this More...

By subhadip On Sunday, October 2nd, 2016

Deutsche Bank chief Cryan tries to reassure on bank’s strength

The chief executive of troubled Deutsche Bank has emailed the 100,000 staff to reassure them that the German giant’s finances are strong. John Cryan told them the bank had become the object of “hefty More...

By subhadip On Wednesday, August 3rd, 2016

Reserve Bank’s interest rate cut tipped to bring more buyers to property market

Sydney and Melbourne’s spring housing markets are tipped to get a pep in their steps following the Reserve Bank’s decision to slash the official interest rate to a historic low of 1.5 per cent. The 0.25 basis More...

By subhadip On Wednesday, August 3rd, 2016

FTSE steadies near recent lows, HSBC leads banks

Britain’s top share index steadied near a recent two-week low on Wednesday, with weaker commodities and property-related stocks offsetting an HSBC-led rally in banking stocks. The blue-chip FTSE 100 index More...

By subhadip On Saturday, March 19th, 2016

Sell Assets Of Guarantors If Firms Don’t Repay: Government to Banks

In order to effectively deal with Vijay Mallya type loan default cases, government on Friday directed public sector banks to immediately invoke personal guarantees of promoter directors and recover loans from them More...

By subhadip On Sunday, February 28th, 2016

Mervyn King: new financial crisis is ‘certain’ without reform of banks

The former Bank of England governor says in his new book that imbalances in the global economy makes a crash inevitable Mervyn King: ‘Failure to tackle the disequilibrium in the world economy makes More...

By subhadip On Thursday, February 25th, 2016

Parliamentary panel says banks urgently need to clean up bad debts

Commuters walk past a bank sign along a road in New Delhi, India, Indian banks urgently need to reduce their troubled loans, a panel of lawmakers said on Wednesday, calling for measures that include bolstering More...

By subhadip On Friday, February 19th, 2016

ECB would aim to protect banks if it eases policy: Constancio

European Central Bank Vice President Vitor Constancio speaks during a Reuters Newsmaker event in New York The European Central Bank would aim to protect banks from unintended harm if it decides next More...

By subhadip On Wednesday, February 17th, 2016

Eurozone Banks ‘More Resilient’ Says Draghi

The head of the eurozone’s central bank has told the European Parliament its banks are “more resilient” though challenges remain as share prices face sharp volatility. Banking stocks have taken More...