Banking news

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Regulation Boulevard one way

Germany and France call for banking changes

24 January 2012
Current global bank capital regulations are threatening to stifle the worldwide economic recovery in the wake of the recession...

Banks continue IT investment

Europe drags down bank IT spending

23 January 2012
Bank IT spending in North America, Europe and Asia Pacific will hit US$173.3 billion this year, a modest 2.8% rise on 2011, according to research house Celent...

Royal Bank of Scotland (RBS) logo

RBS to cut 3,500 jobs in investment bank shake-up

12 January 2012
The Royal Bank of Scotland (RBS) has said it is planning to cut 3,500 jobs, with most of them to happen this year...

Globe showing africa continent

Banks ‘ramping up African presence’

4 January 2012
Global banks are becoming increasingly eager to boost their presence in Africa as the continent experiences rapid expansion rates...

Eurozone inflation rises

US banks ‘under threat from eurozone’

17 November 2011
US banks remain under threat due to the effects of the ongoing eurozone debt crisis, a new report has stated...

Scandinavian map

Scandinavian banks show local beats global

8 November 2011
Nordic banks are proving that it pays to keep business local as they outperform bigger rivals and increase their corporate lending...

Bank of International Settlements

Banks must take action before Basel III changes

8 November 2011
Banks must begin to act sooner rather than later in preparing for the full implementation of the Basel III agreement...

Stuart Gulliver, Group Chief Executive, HSBC

HSBC chief calls for tighter bonus regulation

2 November 2011
Stuart Gulliver says banks should have their powers to hand out dividends and bonuses restricted when in serious financial problems...

Wolfgang Schäuble, Germany’s finance minister

Schauble calls for EU lead on Tobin Tax

31 October 2011
EU should take the global lead in introducing a financial transaction tax to curb speculative trading...

federal_reserve_bank_new_york_logo

MF Global suspended by Federal Reserve Bank of New York

31 October 2011
The Federal Reserve Bank of New York said on Monday that it has suspended MF Global from conducting business with the bank...

Credit Suisse logo

Credit Suisse UK receives $9.5m fine by FSA

26 October 2011
Investigation revealed failings in its structured capital at risk products (SCARPs) sales business in the UK...

Sweden Swedish flag

Swedish banks may win time on capital rules

24 October 2011
Sweden may push back a plan to require banks to meet tougher capital standards than lenders outside the Nordic country...

Cuts

RBS investment bank unit targets tech and market data in cutback plans

17 October 2011
The Royal Bank of Scotland's chief financial officer Chris Kyle has outlined a range of cutbacks at the struggling bank...

BNY Mellon Vice Chairman Karen Peetz

BNY Mellon’s Karen Peetz named “most powerful woman in banking”

27 September 2011
Peetz tops American Banker magazine's annual ranking of women in banking and finance...

Independent Commission on-Banking (ICB) logo

UK banks should ring-fence operations by 2019

12 September 2011
ICB report recommends that UK banks should ring-fence their high street and investment divisions by 2019...