2012

Jul

02

S&P Capital IQ Acquires Credit Market Analysis Limited from CME Group Inc.

S&P Capital IQ has acquired Credit Market Analysis Limited (CMA) from CME Group Inc. Alongwith other company acquisitions

2012

Jul

04

Nine U.S. Banks Put Living Wills Forward Revealing Financial Road Maps

Nine global banks have put their living wills forward. The plans, part of the recommendations made by the 2010 Dodd-Frank report

2012

Jul

03

Royal Bank of Scotland and Barclays Outrage Sees Numerous Accounts Being Opened with Nationwide Building Society

Systems outage at the Royal Bank of Scotland and the Libor scandal of Barclays, has led numerous people open accounts with the Nationwide Building Society.

2012

Jul

03

European Central Bank’s Decision could Ensure Governments Use ‘Hard Cash’ in Upcoming Recapitalization Programs

With its more active role as a regulator and supervisor for the euro-zone banking system, the ECB has tightened its lending rules on banks.

2012

Jul

03

Citigroup Inc. Expands Global Mobile Messaging Service in 66 Countries for Citi Commercial Cards Holders

Citigroup Inc. has expanded its global mobile messaging service in 66 countries across Europe, Middle East, Africa and Asia with the Citi Commercial Cards (CCC).

2012

Jul

05

Barclays Owns Up to Involvement in Libor Interest Rate Benchmark Scam

While several lenders are blamed for their involvement in the London Inter-Bank Offered Rate (Libor) interest rate benchmark scam, only Barclays has owned up to be associated with the illegal practice that has further eroded the public’s confidence in Britain’s financial service industry.

2012

Jul

05

U.K. Legislators Support Parliamentary Banking Probe into Professional and Cultural Standards of Banks

U.K. legislators have supported the parliamentary banking probe into the professional and cultural standards of banks following the disclosure of Barclays’ involvement in manipulating the interbank lending rate, London Inter-Bank Offered Rate (Libor), between 2005 and 2009.

2012

Jul

05

Council of the European Union Implements New Regulation for Financial Firms

The Council of the European Union has implemented a regulation that makes it necessary for all financial firms to clear over-the-counter (OTC)

2012

Jul

05

U.S. Banks Fail Less and Able to Sustain Economy even during Financial Crisis

The U.S. banking industry has remained robust even after being weakened by the lackluster hiring, weak manufacturing and Europe’s debt crisis.

2012

Jul

06

People’s Bank of China Reduces Key One-Year Lending Rate by 0.31 Percentage Points

The People's Bank of China (PBOC) has reduced its key one-year lending rate by 0.31 percentage points.