China Mulls Creation of New Regulator for State Financial Sector August 3, 2011 By Benjamin Kang Lim and Koh Gui Qing China is considering a proposal to create a ministerial-level body to manage its state-owned banks and non-bank financial enterprises, two...
Europe’s Banks, Insurers Take Greek Debt Hit in Stride July 22, 2011 By Myles Neligan and Steve Slater Major European banks have limited their losses on Greek bonds to just over €5 billion [$7.2 billion] after negotiating a...
Stress Test Puts Banks’ Euro Zone Debt in Spotlight July 18, 2011 By Huw Jones and Steve Slater Pressure on Europe’s banks to raise more capital increased on Monday after last week’s stress tests revealed their holdings of...
Head of S&P Germany Rejects Euro Zone Criticism July 14, 2011 By Charles E. Boyle Standard & Poor’s hit back at criticism over the credit rating agencies’ role in the euro zone debt crisis on...
Portugal Adds to Europe Woes as Banks Meet on Greece July 6, 2011 A credit rating downgrade to Portugal [by Moody’s Investors Services] added to fears Europe’s banks face heavy euro zone losses...
Visitors Raise Irish Hopes for an End to Financial Crisis May 27, 2011 By Charles E. Boyle The people of Ireland cheered up a bit following the back to back visits of Great Britain’s Queen Elizabeth II,...
UK Banks Hit by Compensation Capitulation for Mis-selling PPI May 9, 2011 By Sudip Kar-Gupta British banks gave up a fight over compensating customers wrongly sold insurance, forcing Barclays Plc and HSBC to take a...
Investors Suing Banks Gain Ammunition with Senate Report April 15, 2011 By Jonathan Stempel and Tom Hals Pigs. Unicorns. Money? A scathing U.S. Senate panel report faulting Goldman Sachs Group Inc., Deutsche Bank AG and others for...
EU Prods China to Relax Restrictive Bank Ownership Rules March 22, 2011 The European Union is pressing China to relax restrictions on foreign ownership of its banks in order to gain wider...
UK Government Announces Financial Regulatory Changes; ABI, Lloyd’s Comment February 18, 2011 The UK’s Conservative government recently announced the long awaited regulatory reform proposals for financial services, covering both banks and insurers....