Thursday 18 December 2014
 
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Global Banks

Financial profiles of banks to strengthen in 2015

The standalone creditworthiness of banks across the globe will continue to stabilise in 2015, a report said. At the same time, the number of negative banking system outlooks has risen, primarily reflecting the potential for a decl

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Global banks fined $3.4 billion in forex probe

Global regulators imposed penalties totalling $3.4 billion on five major banks, including UBS, HSBC and Citigroup, on Wednesday for failing to stop their traders from trying to manipulate foreign exchange markets. Royal Bank of Sc

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Abu Dhabi appoints board for new financial free zone

Abu Dhabi named a chairman and the board for a new financial free zone it hopes will attract top global banks and financial firms when it launches in the fourth quarter.   The emirate outlined plans in May for th

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Top banks say they are not too big to fail

Nine of the largest global banks on Tuesday expressed confidence they can be salvaged or dismantled without taxpayer bailouts if they became insolvent, as US regulators released public portions of these banks' "living wills". The documents

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17 global banks get downgrade warning

Moody's has warned it may cut the credit ratings of 17 global and 114 European financial institutions in another sign that the impact of the euro zone government debt crisis is spreading throughout the global financial system. The US

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Top banks cut Mena research roles

Leading global investment banks, including Credit Suisse AG, are cutting research staff in the Middle East to save costs amid tough global conditions and a dearth of work in the region. Japan's largest investment bank Nomura has shut d

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Top banks cut Mena research roles

Leading global investment banks, including Credit Suisse AG, are cutting research staff in the Middle East to save costs amid tough global conditions and a dearth of work in the region. Japan's largest investment bank Nomura has shut d

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