#banks

1:26am, 15th May, 2019

Startups target banks' small business customers in forex payments drive

Revolut and TransferWise are signing up thousands of small businesses a month for foreign exchange payments, touting slicker service and lower fees as they try to take on banks in a sector with flows of $7 trillion (5 trillion pounds) a year.

MPs square up to regulator over duty of care for banks

2:51am, 13th May, 2019

UK

MPs square up to regulator over duty of care for banks

A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades.

UK lawmakers square up to regulator over duty of care for banks

6:52pm, 12th May, 2019

UK

UK lawmakers square up to regulator over duty of care for banks

A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said on Monday, piling pressure on regulators to step up protection of consumers after a string of mis-selling scandals spanning decades.

Kamala Harris stood up to big banks, with mixed results for consumers in crisis

6:28am, 9th May, 2019

Politics

Kamala Harris stood up to big banks, with mixed results for consumers in crisis

In her presidential pitch to voters, U.S. Senator Kamala Harris touts as a signature accomplishment the $20 billion relief settlement she secured as California attorney general for homeowners hit hard by the foreclosure crisis.

AB InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

5:11am, 15th April, 2019

Business

AB InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

The world's biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.

Big banks to report first quarter results with lowered expectations

1:43am, 6th April, 2019

Business

Big banks to report first quarter results with lowered expectations

Investors will focus on falling profits, a more dovish Federal Reserve and lower interest rates as major U.S. banks kick off what analysts expect to be the first quarter of contracting corporate earnings since 2016.

Family of American killed in downed MH17 jet sues Russia banks, money-transfer firms

9:57am, 4th April, 2019

US

Family of American killed in downed MH17 jet sues Russia banks, money-transfer firms

The family of an American killed when a Malaysian Airlines plane was shot down over Ukraine in 2014 filed a lawsuit on Thursday against U.S.-based money transfer companies and two Russian banks they accuse of providing services to the group they blam...

Trump's Venezuela envoy vows sanctions on banks backing Maduro

9:17pm, 7th March, 2019

World

Trump's Venezuela envoy vows sanctions on banks backing Maduro

U.S. President Donald Trump's special representative for Venezuela pledged on Thursday that Washington would "expand the net" of sanctions on the South American nation, including more on banks supporting President Nicolas Maduro's governmen...

U.S.-China trade hopes extend equity surge; central banks supportive

4:39am, 20th February, 2019

Business

U.S.-China trade hopes extend equity surge; central banks supportive

World stocks hit a four-month high on Wednesday on hopes of progress in trade talks between the United States and China, with a dovish backdrop at major central banks also helping push markets back into the black.

Famed Cullinan mine banks on big diamonds to drive down debt

7:11am, 16th February, 2019

Business

Famed Cullinan mine banks on big diamonds to drive down debt

The owner of one of the world's most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.

Britain's RBS one of eight banks in EU bond cartel probe - Bloomberg

6:23am, 14th February, 2019

Business

Britain's RBS one of eight banks in EU bond cartel probe - Bloomberg

Royal Bank of Scotland is one of eight banks being probed by European authorities for its possible role in a euro bond trading cartel, Bloomberg reported on Thursday citing a source.

Banks to target moderate Democrats, regulators if U.S. House flips

7:03pm, 2nd November, 2018

Politics

Banks to target moderate Democrats, regulators if U.S. House flips

Financial industry lobbyists say they will focus their efforts on moderate Democrats and regulatory agencies if Democrats take control of the House of Representatives after next week's congressional elections.

UK crime agency investigates Brexit-backer Arron Banks

8:14am, 1st November, 2018

UK

UK crime agency investigates Brexit-backer Arron Banks

The UK National Crime Agency (NCA) said on Thursday it had started an investigation into British businessman Arron Banks, who financed one of the main campaigns for Britain to leave the EU.

Bank of England tells banks to build Brexit cash cushions by March

3:09pm, 25th October, 2018

UK

Bank of England tells banks to build Brexit cash cushions by March

Banks in Britain must hold enough cash to withstand any disorderly Brexit hitting financial markets next March, Bank of England Deputy Governor Sam Woods said on Thursday.

SoftBank lines up $9 billion in loans for Vision Fund from banks: Bloomberg

10:33am, 17th October, 2018

Business

SoftBank lines up $9 billion in loans for Vision Fund from banks: Bloomberg

Banks, including underwriters of SoftBank Group's initial public offering of its mobile unit, are finalizing terms for a $9 billion loan to its Vision Fund, Bloomberg reported on Wednesday, citing people familiar with the matter.

ECB gives banks until 2022 to limit reliance on London - FT

3:35am, 8th October, 2018

UK

ECB gives banks until 2022 to limit reliance on London - FT

The European Central Bank has given euro zone banks until 2022 to limit their reliance on their London operations for booking trades and loans following Britain's exit from the European Union, the Financial Times wrote on Monday.

Why are investment banks nervous about Australia's cartel case?

6:51pm, 7th October, 2018

Business

Why are investment banks nervous about Australia's cartel case?

Investment bankers are bracing for the start of a landmark legal case about alleged cartel activity in Australia's financial sector, nervous the proceedings could lead to increased scrutiny and tougher measures from regulators worldwide.

Banks back Democrats in bid to rebuild bipartisan support

6:17am, 6th October, 2018

US

Banks back Democrats in bid to rebuild bipartisan support

Banks are going to bat for Democrats in the U.S. November midterm congressional elections as part of an ambitious strategy to rebuild the bipartisan support they enjoyed before the 2007-2009 financial crisis.

S&P 500, Dow up as rising treasury yields boost banks

3:53pm, 19th September, 2018

Business

S&P 500, Dow up as rising treasury yields boost banks

The S&P 500 and the Dow Jones industrial average rose on Wednesday, with the Dow hitting its highest closing level since late January as rising Treasury yields boosted the financial sector and trade worries subsided.

Cohn says 'too big to fail' banks got bigger through post-crisis U.S. rules

6:17pm, 17th September, 2018

Politics

Cohn says 'too big to fail' banks got bigger through post-crisis U.S. rules

Regulations implemented since the 2007-2009 financial crisis have only made the biggest U.S. banks bigger and hurt competition in the industry, Gary Cohn, the former director of the U.S. National Economic Council said on Monday at an event hosted by...

Search by tag: #banks

Startups target banks' small business customers in forex payments drive

MPs square up to regulator over duty of care for banks

UK lawmakers square up to regulator over duty of care for banks

Kamala Harris stood up to big banks, with mixed results for consumers in crisis

AB InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

Big banks to report first quarter results with lowered expectations

Family of American killed in downed MH17 jet sues Russia banks, money-transfer firms

Trump's Venezuela envoy vows sanctions on banks backing Maduro

U.S.-China trade hopes extend equity surge; central banks supportive

Famed Cullinan mine banks on big diamonds to drive down debt

Britain's RBS one of eight banks in EU bond cartel probe - Bloomberg

Banks to target moderate Democrats, regulators if U.S. House flips

UK crime agency investigates Brexit-backer Arron Banks

Bank of England tells banks to build Brexit cash cushions by March

SoftBank lines up $9 billion in loans for Vision Fund from banks: Bloomberg

ECB gives banks until 2022 to limit reliance on London - FT

Why are investment banks nervous about Australia's cartel case?

Banks back Democrats in bid to rebuild bipartisan support

S&P 500, Dow up as rising treasury yields boost banks

Cohn says 'too big to fail' banks got bigger through post-crisis U.S. rules

After election threat, MPs begin no-deal Brexit showdown

Divers search for last bodies in California boat fire, investigations begin

Hungary charges Syrian accused of beheading, killing for IS

Executive's flight to PSA highlights Renault-Nissan alliance tensions

Democrats plan to probe Trump's role in hush-money payments: report