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45 top banks join SWIFT payments initiativeSWIFT, a global initiative that connect more than 10,800 banking organisations, has announced that a total of 45 leading banks have signed up to a global payments innovation initiative launched at the end of December 2015. T More… |
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Financial profiles of banks to strengthen in 2015The 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 More… |
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Global banks fined $3.4 billion in forex probeGlobal 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 More… |
Abu Dhabi appoints board for new financial free zoneAbu 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 More… |
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Top banks say they are not too big to failNine 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 More… |
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17 global banks get downgrade warningMoody'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 More… |
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Top banks cut Mena research rolesLeading 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 More… |
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Top banks cut Mena research rolesLeading 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 More… |
