JPMorgan, Citigroup and four more major banks have signed up with an industry group to develop a central register of information on other banks they deal with to help to meet increasing compliance demands and costs.
Swift, a Bruss
Weakness in euro zone price pressures is extending into the medium-term, the time horizon the European Central Bank (ECB) looks at when deciding on policy, ECB policymaker Peter Praet said.
Praet, who holds the powerful economics
International Monetary Fund (IMF) managing director Christine Lagarde commended the G20 for its growth agenda, but also warned that more action and international cooperation was needed to promote a more robust global recovery - one that is susta
The world's top 20 economies may agree to set an ambitious target for faster global growth at a weekend meeting in Sydney, where major central banks are also being urged to co-ordinate policies to avoid "surprises" that could roil
The GCC region's healthy economic growth prospects, supported by high oil prices, will help drive the demand for bank credit and thus enable local banks to boost their earnings for 2014, said a report.
The banks in the region
Commercial banks in the UAE, a major financial hub, have been warned to help write off the debts of UAE citizens or face punitive measures, local media reported on Thursday, quoting a senior government official.
Banks must coopera
Bankers in the European Union earning more than 500,000 euros ($688,000) a year may be excluded from a cap on their bonuses if they are not major risk takers, according to a revised rule from the EU's banking watchdog yesterday.
EU antitrust regulators are set to fine six global banks including Deutsche Bank, JPMorgan and HSBC for suspected rigging of benchmark euro zone interest rates, a person familiar with the matter said on Tuesday.
The penalties, whi
The central bank of the UAE has eased planned curbs on commercial banks' exposure to state-linked debt, giving them five years to comply after the banks complained that the rules could hurt their business.
As part of efforts t
Installation art, interactive walls and a robot doorman; the flagship branches of the world's top banks have come a long way from the iron grilles and potted plants of old.
To compete against online-only rivals and to attract