On Wednesday, in a report China’s Xinhua news agency reported, the country’s banking regulator found $42.6 million (277 million yuan) was stolen from funds which were supposed to serve the housing market in the southern state of Guangdong. The news… Read More ›
In a significant development, the European Union’s banking watchdog stated, starting from next year banks in the Eurozone would have to publish a pathbreaking “green asset ratio” (GAR) as a core measure of their climate-friendly business activities. With investments in… Read More ›
Mark Tucker, the chairman of HSBC has called on European banks to become more efficient while raising the possibility of branch closures and potential mergers in the banking industry. Tucker made these comments while speaking at a banking conference wherein he… Read More ›
Intesa Sanpaolo is Italy’s biggest retail bank. On Thursday, as per a source familiar with the matter at hand stated, Intesa Sanpaolo, Italy’s biggest retail bank, is holding talks with a unit of U.S. fund Davidson Kempner for selling $11… Read More ›
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