2011

May

02

European Commission Starts Antitrust Investigations into European Banks

The European Commission (EC) has started an antitrust probe into 16 major European banks including Royal Bank of Scotland, HSBC, Barclays, Goldman Sachs, Deutsche Bank and 11 other banks. As a part of this investigation EC will investigate the market

2011

May

02

Legal Complexities Delay Financial Services Authority Report into Royal Bank of Scotland Collapse

A City watchdog's report into the collapse of the Royal bank of Scotland (RBS) has hit a legal stumbling block. The Financial Services Authority is anticipated to declare their defeat in publishing their report into RBS, which they had originally vow

2011

May

02

Banks to be Fined for Raising Unsolicited Credit Card Limits

As per the government proposed revision of lending laws, Australian banks will be fined almost USD 22,000 every time they increase credit limits for their customers without having received a request from the customer. According to the National Consum

2011

May

03

Bank of England Governor Shows Concerns over Interest Rate Hikes

Bank of England Governor Mervyn King has reasserted his promise to lower interest rates and has warned that massive economic challenges faced with high debt levels would only be exacerbated by interest rate

2011

May

03

US Government Files Lawsuit against Deutsche Bank and Its MortgageIT Unit

The US government has filed a lawsuit against Deutsche Bank for more than USD 1 billion. The US government has accused the Frankfurt-based lender of recklessly selecting mortgages to be included in a government insurance program. According to the law

2011

May

03

China Banks Need to Raise Capital Requirements: China Banking Regulatory Commission

The China Banking Regulatory Commission claimed that the country's banks need to raise their capital requirements over the coming five years. The regulatory body added that implementation of this measure by the country's banks will enable them to inc

2011

May

03

Impact of the Dodd-Frank Wall Street Reform and Consumer Protection Act on Over-The-Counter Derivative Industry

A new report by Aite Group claims that Dodd-Frank Wall Street Reform and Consumer Protection Act (FinReg) falls short of a number of issues that over-the-counter (OTC) derivatives will encounter with the implementation of new regulations. As per the

2011

May

02

Banks Eased Lending Terms in the First Quarter of 2011: Federal Reserve

According to a survey conducted by Federal Reserve, banks relaxed their lending standards in the first quarter of 2011 because of the increased demand for loans by businesses enhanced economic conditions as well as increased competitions among busine

2011

May

04

Trade Receivables Securitization to Witness Potential Growth in Sub-Investment Grade Companies

According to a survey conducted by Demica, a leading provider of advisory & technology services for receivables securitization, trade receivables (TR) securitization is one of the most important tools to efficiently overcome the financial crisis. The

2011

May

04

Portuguese Banking Industry Given Euro 12 Billion as a Bailout Package

The Portuguese banking industry has been given Euro 12 billion by European Union and International Monetary Fund as a part of massive bailout plan. This bailout package will enable the Portuguese banks to bolster their recapitalization process. As a