The Governor, Central Bank of Nigeria (CBN), Mallam Sanusi Lamido, has said that the various banking sector reforms adopted in Nigeria have yielded positive results as the reforms were carried …Read the Rest
For a decade, the only time Tim Atkins changed banks was when the institution that had his money was sold.He was a happy Wells Fargo customer for years. Before that, …Read the Rest
Hundreds of thousands of people have taken to the streets across the world in protest against big banks and corporations. In Germany alone, around 40,000 people demonstrated and the dissatisfaction …Read the Rest
Deutsche Bank is moving its top Middle East equity banker to London from Dubai, the bank confirmed, the latest in a string of moves by international banks prompted by low …Read the Rest
Firings are picking up pace at foreign banks across Asia, with industry professionals and headhunters saying more rounds are set to come. Since the 2008 financial crisis, Asia’s rapid economic …Read the Rest
The reams of new regulations faced by private banks in Asia is eating into their margins as tough new rules force them to spend big on compliance while they close …Read the Rest
Risks to Europe’s bank industry are “rapidly” mounting as the fallout of Greece’s debt crisis engulfs the whole region, said Martin Andersson, director- general of Sweden’s Financial Supervisory Authority. “We …Read the Rest
Royal Bank of Scotland is the “most vulnerable” bank in Europe and could be forced to raise £17bn in new money to shore up its capital ratios, more than any …Read the Rest
France’s largest bank by market value, BNP Paribas SA, received a credit-rating downgrade Friday, the latest sign that the Greek sovereign-debt crisis is gradually contaminating the heart of Europe’s financial …Read the Rest
Saudi Arabia’s central bank is not interested in buying distressed or speculative assets such as troubled European debt and gold and the OPEC member’s banks are well positioned to withstand …Read the Rest