China Construction Bank Corp. said it has received approval from the nation’s banking regulator to proceed with its CNY75 billion rights issue in Shanghai and Hong Kong. Continue Reading…
China Construction Bank Corp. said it has received approval from the nation’s banking regulator to proceed with its CNY75 billion rights issue in Shanghai and Hong Kong. Continue Reading…
August 13 is pencilled in as the date for his departure as chairman of the Office for Budget Responsibility. Continue Reading…
Terrence Zimmerman, of Florence, believes he’s pretty responsible with his money. “In eight years, I’ve only had one overdraft fee,” he said. Continue Reading…
China’s banking regulator said Tuesday the county’s banking sector faces increasing pressure to curb nonperforming loans, and urged banks to pay attention to imported risks. Continue Reading…
Banks must undergo ‘profound reform’, putting ordinary people and society at heart of an improved system, according to a heavyweight group of industry leaders and politicians. Continue Reading…
The Government should use its stakes in bailed-out banks to drive reform through the banking industry, according to an influential report published today. The Future of Banking Commission unveiled 39 recommendations aimed at making banks safer and more accountable to consumers and taxpayers. Continue Reading…
European Union finance ministers agreed on Wednesday to create super-watchdogs to police banks and financial services in the hope that better cross-border supervision prevents the industry causing further crises. Continue Reading…
Sweden urged European Union countries on Tuesday to agree on setting up super-watchdogs to prevent a repeat financial crisis, as the bloc’s finance ministers gathered for what promises to be tense talks. Continue Reading…
The Federal Reserve should be stripped of the bulk of its banking regulation powers and hand them to a new banking regulator, according to draft legislation being proposed by a powerful US Senator. Continue Reading…
A Senate proposal to create a federal super cop to police banks faces formidable opposition from the industry, current regulators and a senior House lawmaker who recently blasted the idea. Continue Reading…