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National Australia Bank plans UK exit after slide in annual profit
Reuters UK - 12 Hours ago
SYDNEY (Reuters) - National Australia Bank ( NAB.AX ) said it has made exiting its UK operations an "absolute priority" after writedowns for the troubled business led to a 10 percent decline in annual
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Australia bank plans UK asset sale
BBC - 12 Hours ago
National Australia Bank is considering floating its UK operations on the stock market as part of an exit from the UK. NAB said it was looking at all options for the future of the Clydesdale and Yorkshire
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U.S. prosecutors reopen probes against several big banks - The New York Times
Reuters UK - 12 Hours ago
(Reuters) - U.S. prosecutors are reopening investigations into big banks on suspicion they may have violated agreements under which the institutions settled prior cases against them, The New York Times
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ECB Said to Buy Nordea Covered Bonds in First New-Issue Purchase
La Repubblica - 10 Hours ago
Oct. 29 (Bloomberg) -- The European Central Bank bought covered bonds in the new-issue market for the first time since starting its asset-purchase program, according to three people familiar with the
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Reserve Bank 'hands-off' on dollar in September
New Zealand Herald - 10 Hours ago
Reserve Bank Governor Graeme Wheeler, flanked by Assistant-Governor Dr John McDermott (left) and Deputy-Governor Grant Spencer. Herald photo/Mark Mitchell The Reserve Bank wasn't actively trying to
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Number of billionaires doubled since financial crisis
New Zealand Herald - 10 Hours ago
The world's rich are getting richer, leaving hundreds of millions of people facing a life trapped in poverty as global inequality spirals out of control. An Oxfam report has found that the richest
Number Of Billionaires HAS DOUBLED Since Start Of Financial Crisis Huffington Post UK
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China Signals an End to UnionPay Monopoly in Bank-Card Clearing
La Repubblica - 10 Hours ago
Oct. 30 (Bloomberg) -- China’s government indicated that it’s set to end China UnionPay Co.’s monopoly on bank-card clearing in the nation, paving the way for competitors such as MasterCard Inc. and Visa
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Xiaomi taps 29 banks for $1b loan
China Daily Asia - 10 Hours ago
Lei Jun, founder and CEO of China's mobile company Xiaomi, speaks at a launch ceremony of Xiaomi Phone 4, in Beijing, July 22, 2014. (Photo / Agencies) Xiaomi, a Chinese smartphone marker, plans to
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Brazil's Central Bank Guns For Inflation, Hikes Rates
Forbes.com - 11 Hours ago
The market wanted an inflation fighting Brazilian Central Bank, it got one.  The monetary policy committee raised the benchmark interest rate 25 basis points to 11.25% after market hours on Wednesday.
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Citic Bank to Raise Up to $2 Billion in Share Placement
BusinessWeek - 10 Hours ago
China Citic Bank (601998) Corp., a unit of the nation’s largest state-owned investment firm, plans to raise as much as 11.9 billion yuan ($2 billion) in a private sale of domestic shares to replenish
CHINA CITIC BANK : To Raise up to US$2 Billion From Share Placement 4 Traders
China Citic Bank: To Raise up to US$2 Billion From Share Placement 4 Traders
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Bank heist: Burglars tunnel into vault
CNN - 11 Hours ago
New Delhi, India (CNN) -- In an incident that seems to be inspired by the Bollywood blockbuster movie series "Dhoom," burglars dug a tunnel measuring at least 100 feet long into the vault of a state-run
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UPDATE 2-National Australia Bank plans UK exit after slide in annual profit
Reuters UK - 12 Hours ago
* Annual cash profit at A$5.18 bln vs A$5.75 bln year ago * Net interest margin at 1.94 pct, lowest since Sept 2005 * Exiting UK, improving shareholder returns a priority - CEO * Net interest margin
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China to open bank-card clearing market
CHINAdaily USA - 12 Hours ago
Decision means China UnionPay will face competition China will open up the country's bank-card clearing market as part of a greater liberalization of the financial sector, a move analysts said could
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China opens bank-card clearing to foreign investors
CHINAdaily.com.cn - 11 Hours ago
BEIJING - China will open the bank-card clearing business to both domestic and foreign investors in an effort to expand the opening up in financial sector and optimize consumption environment. "All
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Islamic banking in Gulf transforming to maturity [Khaleej Times, Dubai, United Arab
BusinessWeek - 12 Hours ago
Oct. 30--Noor Bank CEO calls for harmonising Shariah standards to promote the industry Dubai: Globally Islamic finance will continue to deliver double-digit growth for the foreseeable future while Islamic
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GCC offers huge growth opportunities to Islamic banks [Khaleej Times, Dubai, United
BusinessWeek - 12 Hours ago
Oct. 30--PwC commissioned a survey of more than 500 retail banking customers in the GCC to find out what customers really want; the findings of which they say can help inform the growth strategies of
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Standard Chartered, Bank of Tokyo Said to Face Fresh Inquiries
Washington Post - 12 Hours ago
Oct. 29 (Bloomberg) -- Federal and state prosecutors have reopened investigations into Standard Chartered Plc to determine whether the bank, which entered into a deferred prosecution agreement in 2012,
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Standard Chartered, Bank of Tokyo Said Getting New Review
BusinessWeek - 12 Hours ago
Federal and state prosecutors have reopened investigations into Standard Chartered (STAN) Plc to determine whether the bank, which entered into a deferred prosecution agreement in 2012, withheld evidence
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Nigerian Bank Debt Taps Turned Off by Oil-Price Slump
Bloomberg - 13 Hours ago
Central bank rules to curb foreign-currency borrowing by Nigerian lenders threaten to halt Eurobond sales by banks in Africa ’s biggest oil producer as lower crude prices heighten risks to the naira.
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REPEAT: BoC's Poloz: Slumping Oil To Take 0.25% From '15 GDP
Marketing News International - 7 Hours ago
--While Important, Growth Pace Won't Change Materially OTTAWA (MNI) - Bank of Canada Governor Stephen Poloz said late Wednesday that Canada's gradual growth path over the next two years will not be
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Banks and insurers lead market higher
Sydney Morning Herald - 7 Hours ago
The share market has closed higher as the big banks continued their strong run, despite a fall in profit for National Australia Bank. The US Federal Reserve's decision to end its quantitative easing
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US Federal Reserve to End Asset Purchase Program: Federal Open Market Committee
Russia Profile - 10 Hours ago
WASHINGTON, October 30 (RIA Novosti) - The US Federal Reserve has decided to end the current asset purchase program due to labor market conditions improvement, the Federal Open Market Committee said in
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Barclays names new Korean leadership
GlobalCapital - 10 Hours ago
In addition to the new role, Kim will continue as the head of investment banking for Korea, reporting to Patrick Kwan and Reid Marsh, the co-heads of investment banking for Asia Pacific. Before joining
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National Bank of Abu Dhabi earnings jump 32 percent
Arab News - 10 Hours ago
ABU DHABI: National Bank of Abu Dhabi (NBAD) expects its percentage rate of growth in lending to be in the high single digits in the coming months, although the profitability of its lending will continue
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Bharti Airtel, Maruti Suzuki, ICICI Bank in Focus Today
NDTV Profit - 10 Hours ago
The Nifty is likely to open flat on Thursday as indicated by futures trade on Singapore Stock Exchange. Foreign investors were net buyers of Indian equities to the tune of Rs 786 crore, whereas domestic
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