Banks Deploy Drastic Strategies to Overcome International Challenges
Investors in international banking should keep informed, as many banks are reinventing themselves to keep up with a changing marketplace.
10 Biggest Banks in the World (*With a Footnote)
SNL Financial released its first ranking of 100 biggest banks, but noted that their respective accounting regimes affected placement.
LIBOR Case Subpoenas Expand to 16 Banks
Now the list of subpoenaed banks has expanded to a total of 16, including Société Générale and Royal Bank of Canada (RBC), and more attorneys general are coming in on the investigation.
Foreign Exchange Market Backs Away From Risk
The practice of borrowing in low-yielding currencies to take advantage of higher yields in others is not as common as it has been.
Turkey Plans ‘Wall Street of Istanbul’
With a $2.6 billion investment, an Istanbul suburb will be transformed into a sparkling ménage of high-rise buildings, a symbol of Turkey’s resumption of a position of power on the global commercial stage.
Merkel Backs Conditions for ECB Bond Buying
Chancellor Angela Merkel of Germany voiced her approval for the need for conditions attached to any bond purchases by the ECB.
Swiss Banks Giving Up Employees to IRS, DOJ
Thousands of employees of Swiss banks are finding that their employers are hanging them out to dry in exchange for hoped-for leniency in connection with American accounts involved in a tax evasion investigation.
Standard Chartered CEO Comes to New York
Peter Sands, the CEO of Standard Chartered, is in New York and is prepared to attend a hearing ordered by the state’s Department of Financial Services on whether the bank should lose its charter to operate there.
Asian Millionaires Shun Wealth Managers
Wealthy Asians have lost confidence in not just private banks but also investment products and low returns since the market woes of 2008.
U.K. Recession Deepens
As the world counts down to the opening of the Olympic Games in London on Friday, Londoners—and others in Britain—are dealing with an economy that in Q2 of this year slowed considerably more than expected.