Recent News Headlines : Cassandra Banks
ITALY $20.9 BILLION FUND SUFFICIENT FOR ALL BANKS UNDER OBSERVATION
Italy 20.9 billion fund sufficient for all banks under observation Treasury source... READ MORE›
HOW JPMORGAN COULD NOT SAVE ITALY'S PROBLEM BANK
Monte dei Paschi said on Thursday the banks involved in the failed rescue plan would receive no fees... READ MORE›
EXCLUSIVE: INVESTORS SNUB ITALIAN BANK MONTE PASCHI'S SHARE OFFER - SOURCES
Under the private rescue plan, Monte dei Paschi has had to persuade retail and institutional bondholders to convert their notes into shares... READ MORE›
DISPUTE COULD SINK ITALIAN BANK MONTE PASCHI'S RESCUE PLAN
Monte dei Paschi has failed to find buyers for its shares so far... READ MORE›
GETTING EUROPE'S BANKS HEALTHY AND LENDING
Q. What are the new banking regulations proposing, to increase bank stability and lending into the Real Economy?... READ MORE›
ITALY READYING STATE BAILOUT FOR MONTE DEI PASCHI BANK
Rome wants to avoid losses being imposed on retail investors who hold 2.1 billion euros of the bank's junior debt... READ MORE›
CENTRAL BANKS ARE CONSERVATIVE IN A DIFFERENT WAY FROM DONALD TRUMP
Central banks are conservative in a different way from Donald Trump Don Pittis... READ MORE›
U.S. TREASURY REASSURES BRAZIL BANKS TRADE WITH IRAN OK
Azeredo said Iranian companies were seeking Brazilian equipment ranging from tractors and electrical generators to hospital and dental equipment... READ MORE›
BIG FIVE CHINESE BANKS TO TAP DEBT-FOR-EQUITY SWAP VIA AMCS
China's big five state-owned banks plan to set up asset management companies AMCs to take advantage of the government's debt-for-equity swap scheme... READ MORE›
INDIA TAX MAN ISSUES NOTICES TO DEPOSITERS OF BANNED NOTES
The move comes after banks reported to it cases of unusual or suspicious volumes of cash deposits in their accounts, primarily amounts over 250,000 rupees US 3,667 ... READ MORE›
THREE BANKS SETTLE CANADIAN FOREIGN EXCHANGE CLASS-ACTION SUIT FOR ALMOST $16M
And Switzerland have already ruled that UBS and Bank of America manipulated foreign exchange markets and didn't properly supervise their traders... READ MORE›
BEIJING BANKS ISSUE MORTGAGES AS USUAL DESPITE PROPERTY BUBBLE
The banks are caught in a bind because choking off housing loans will hurt their own business, according to the source in the report... READ MORE›
U.S. START-UP R3, BANKS TEST RIPPLE'S CROSS-BORDER PAYMENTS TECHNOLOGY
Holding various currencies across many accounts is costly, Ripple said, because banks have to fund those accounts... READ MORE›
BANCO POPOLARE, BPM SHAREHOLDERS BACK CREATION OF ITALY'S THIRD BIGGEST BANK
Banco Popolare CEO Pier Francesco Saviotti said the bank was working on the sale of 650 million euros in bad loans to be completed by year-end... READ MORE›
Trending News Headlines : Cassandra Banks
GOLDMAN SACHS COULD BE SUED FOR HELPING HIDE DEBTS WHEN IT JOINED EURO
Eurostat has said Greece did not report the Goldman Sachs transactions in 2008, when it and other countries were told to restate their accounts... READ MORE›
EXCLUSIVE: SINGAPORE BANKS REPORT TAX AMNESTY INDONESIANS TO POLICE
A lot of Indonesians in Singapore have already joined the amnesty... READ MORE›
DEUTSCHE BANK GETS TOP INVESTOR SUPPORT, CEO IN TALKS WITH BANKS
Deutsche Bank declined to comment on Cryan's discussions... READ MORE›
BRITAIN'S UPSTART BANKS FACE A BUMPY RIDE THROUGH BREXIT FALL-OUT
The finance ministry's recent introduction of an 8 percent surcharge on bank profits over 25 million pounds is also likely to compound the outlook for challengers... READ MORE›
NEW RULES PROPOSED TO PUT AN END 'TOO BIG TO FAIL' BANKS
Citi said European banks would be required to issue the biggest chunk of new bonds, including BNP Paribas BNPP... READ MORE›
LAWSUIT ACCUSES 22 BANKS OF MANIPULATING U.S. TREASURY AUCTIONS
The lawsuit seeks class-action status on behalf of investors in Treasury securities, including futures and options, from 2007 to 2012, and unspecified triple damages... READ MORE›
SEVEN BIG BANKS SETTLE U.S. RATE-RIGGING LAWSUIT FOR $324 MILLION
The case is Alaska Electrical Pension Fund et al v. Bank of America Corp et al, U.S. District Court, Southern District of New York, No... READ MORE›
SWISS BANKS STEP UP BATTLE FOR ASIA'S SUPER-RICH
Edmund Koh, the head of UBS's wealth management business in southeast Asia and Asia Pacific hub, said Credit Suisse faced a challenge to catch up... READ MORE›
CYBER FIRMS SAY BANGLADESH HACKERS HAVE ATTACKED OTHER ASIAN BANKS
A senior executive at Mandiant, the cybersecurity company investigating the Bank Bangladesh heist, also told Reuters the hackers had recently penetrated banks in Southeast Asia... READ MORE›
CHINA SUMMONS WESTERN TECH FIRMS REVIVES BANK CYBER RULES
National Security Agency's cyber spying capabilities, has advanced several cyber security measures in recent months... READ MORE›
EXCLUSIVE: UK BANKS ORDERED TO REVIEW CYBER SECURITY AFTER SWIFT HEIST
The Bank of England, one of the G10 central banks that oversee Brussels-based SWIFT, said it had no immediate comment... READ MORE›
U.S. READIES BANK RULE ON SHELL COMPANIES AMID 'PANAMA PAPERS' FURY
The ABA is watching to see what happens with the Panama papers, he said... READ MORE›
BIG BANKS SEE THE NEED TO SHRINK - BUT FACE A PATH FULL OF OBSTACLES
Big banks see the need to shrink - but face a path full of obstacles... READ MORE›
YELLEN SAYS OPEN TO RAISING THRESHOLD FOR SYSTEMIC BANKS
Banks with more than 50 billion in assets are labeled systemically important financial institutions SIFIs, making them subject to tougher supervision by the central bank... READ MORE›
BNP ASKS OTHER BANKS FOR HELP AS DOLLAR CLEARING BAN NEARS
In Europe, dozens of senior managers and BNP's front office staff in energy trade finance left the bank between 2011-2013, according to insiders and trading sources... READ MORE›
CENTRAL BANKS READY TO COOPERATE AFTER BREXIT RESULT
Central banks will carefully monitor market functioning and stability, and cooperate closely. Reporting by John Revill Editing by Kevin Liffey... READ MORE›
STRATEGIES IN THE SPOTLIGHT FOR TRIO OF NEW EUROPEAN BANK CEOS
And all three are expected to cut their investment bank operations, especially fixed income trading... READ MORE›
FLORIDA MAN EXECUTED AFTER THE 1992 MURDERS OF HIS WIFE AND STEPDAUGHTER
Chadwick Banks, 43, killed by lethal injection at Florida state prison after double murder near Tallahassee... READ MORE›
EUROPE'S BIG BANKS IN TENTATIVE RETURN TO GROWTH MODE
The European Central Bank last week stepped in with a new plan to get more money flowing from banks into the flagging euro zone economy... READ MORE›
SWIFT TELLS BANKS TO SHARE INFORMATION ON HACKS
SWIFT spokeswoman Natasha de Teran said banks whose SWIFT systems had been hacked should inform SWIFT... READ MORE›
CHINESE BANKS MISS OUT ON THE PARTY AS ASIAN M&AS PASS $1 TRILLION MARK
FIGHTING BACK In order to win more cross-border deals, Chinese banks are adopting several tactics... READ MORE›
ECB APPROVES RESCUE PLAN FOR ITALIAN BANK MONTE DEI PASCHI
Monte dei Paschi is based in Renzi's home region and has some 5 billion euros of junior bonds, a large chunk of them held by ordinary Italians... READ MORE›
BIG BANKS FAIL TO DISMISS U.S. CURRENCY RIGGING LAWSUIT
Big banks fail to dismiss U.S. currency rigging lawsuit... READ MORE›
U.S. SLAPS $1.3B IN PENALTIES ON SWISS BANKS
Along with paying the penalties, 80 Swiss banks agreed to cooperate with any related criminal or civil proceedings... READ MORE›
BANKS TO RE-OPEN WITH CUSTOMERS EXPECTED TO FACE QUEUES LASTING 'TWO OR THREE DAYS'
Greece debt crisis Banks to re-open with customers expected to face queues lasting 'two or three days'... READ MORE›
BIG GREEK BANKS MAY CLOSE DOWN PERMANENTLY, BAILOUT OR NOT
Greek debt crisis Big Greek banks may close down permanently, bailout or not... READ MORE›
IRAN SAYS EUROPEAN BANKS RELUCTANT TO RESUME TRANSACTIONS
Deputy foreign minister Majid Takhteravanchi, a negotiator of the nuclear deal, also criticized the cautious behavior of European banks in resuming transactions with Iran... READ MORE›
GREECE DEBT CRISIS: WITH NO TRUST IN BANKS, GREEKS ARE INVESTING IN DESIGNER BAGS AND SHOES
Greece debt crisis with no trust in banks greeks are investing in designer bags and shoes... READ MORE›
INDONESIA, SOUTH KOREA CENTRAL BANK WEBSITES HIT BY CYBER ATTACKS; NO LOSSES
Waas said the cyber attacks were unsuccessful because of the cooperation between central banks... READ MORE›
GLOBAL REGULATORS REACH AGREEMENT ON BAIL-IN BONDS PLAN FOR TOP BANKS
Role of compensation, corporate governance frameworks and regulatory enforcement in reducing employee misconduct were also reviewed by the FSB... READ MORE›
Related News Headlines : Cassandra Banks
MONTE DEI PASCHI SAYS CAPITAL INCREASE FAILED
Was not successful, the bank said after it managed to raise just 2 billion euros in capital from a debt-to-equity conversion offer... READ MORE›
E.C.B. EXTENDS MEASURES TO CONTAIN INTEREST RATES
When the European Central Bank ends the so-called quantitative easing program, they say, the shock to bond prices could destabilize the fragile eurozone economy... READ MORE›
BANK OF ENGLAND SAYS WILL TAKE ALL NECESSARY STEPS TO ENSURE STABILITY
It has undertaken extensive contingency planning and is working closely with Her Majesty's Treasury, other domestic authorities and overseas central banks... READ MORE›
BREXIT COULD LEAD TO POLITICAL INSTABILITY IN EU
Brexit could lead to political instability in EU ECB's Makuch... READ MORE›
EUROPEAN CENTRAL BANK CORPORATE BOND BUYING STARTS
Other names being mentioned were Belgian brewer Anheuser-Busch InBev, French carmaker Renault and German engineering firm Siemens... READ MORE›
ECB'S CONSTANCIO SAYS THERE ARE LIMITS ON NEGATIVE RATES
There is a limit on applying charges on banks for parking money with the European Central Bank, the ECB's vice president said on Wednesday... READ MORE›
BANK SELL-OFF CASTS SHADOW ON EUROPE'S FRAGILE RECOVERY
It may also undo some of what the European Central Bank has been trying to do to increase bank lending an pump up inflation via spending... READ MORE›
ARE EUROPE'S BANKS FACING THEIR LEHMAN BROTHERS MOMENT?
At some point, they reasoned, interest rates would rise and banks would start earning thicker interest rate margins... READ MORE›
UK RATE RISE NOT A CERTAINTY SAYS BOE'S CARNEY
Speaking as a central bank, it is very likely that Europe has advantaged the dynamism of this economy... READ MORE›
EURO ZONE OCTOBER BUSINESS GROWTH SURPRISINGLY STRONG
Euro zone October business growth surprisingly strong PMI... READ MORE›
WARY FED HAS MARKETS RECALLING YEARS OF JAPAN DISAPPOINTMENT
There's a continual series of expectations that a central bank will be able to move, and those are continuously pushed back ..... READ MORE›
ECB GIVES CENTRAL BANKS POWER TO ANNOUNCE EMERGENCY FUNDING
Central banks will still have to seek ECB approval to provide ELA and to make any announcement about it... READ MORE›