DEUTSCHE BANK, BANK OF AMERICA SETTLE AGENCY BOND RIGGING LAWSUITS
NEW YORK - Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation…
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CHINA’S JULY NEW LOANS FALL TO 825.5 BLN YUAN, BUT HIGHER THAN F’CAST
BEIJING - Chinese banks extended 825.5 billion yuan ($123.7 billion) in net new yuan loans in July, above analysts' expectations. Analysts polled…
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GEORGIA’S BGEO PROFIT UP AHEAD OF BANKING, INVESTMENT SPLIT
Georgia's BGEO Group Plc, which is planning to split its banking and investment businesses, said its second quarter pre-tax profit rose to…
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CHINA BANKS REPORT HIGHER FIRST-HALF PROFITS, STEADY BAD LOAN RATIO
BEIJING - China's commercial banks reported higher first-half profits than a year earlier, and the overall level of non-performing loans (NPLs) in…
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GHANA SHUTS TWO BANKS TO PROTECT FINANCIAL STABILITY
Ghana's central bank has revoked the licenses of two banks and transferred their deposits and selected assets to state-owned GCB Bank in…
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BARCLAYS CLOSURES ADD TO TOLL OF VANISHING BRITISH BANK BRANCHES
LONDON - Barclays plans to close around 54 branches by the end of the year in an effort to cut costs, further…
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RBI DIVIDEND TO GOVERNMENT HALVES TO $4.78 BILLION
MUMBAI - The Reserve Bank of India (RBI) will pay 306.59 billion rupees ($4.78 billion) as a dividend to the government for…
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STANDARD CHARTERED EXPECTS BREXIT RELOCATION WILL COST $20 MILLION
LONDON - Standard Chartered will need to spend around $20 million (15.31 million pounds) making Frankfurt its European base in order to secure…
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CHINA’S CENTRAL BANK TO INCLUDE INTERNET FINANCE IN MPA
SHANGHAI - China's central bank plans to include large systemically important internet finance firms in its Macro Prudential Assessment (MPA), the official…
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PARAGUAY CENTRAL BANK TO INVEST CURRENCY RESERVES IN U.S. TREASURIES
ASUNCION - Paraguay will begin investing a portion of its foreign reserves in U.S. Treasury bonds at the end of the year,…
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