German Finmin Ready to Compromise on European Union’s Planned Banking Union
European leaders are seeing new hope in finishing the planning of a single supervisory mechanism for eurozone banks under the European Central Bank (ECB).
Talks on Resolving U.S. ‘Fiscal Cliff’ Issues Pick up Pace
Recent negotiations between Barack Obama, President of the U.S., and John Boehner, Speaker of the House of Representatives,
Union State Bank of Fargo Selects Andera’s oFlows for Account Opening and Lending
Union State Bank of Fargo has selected Andera’s oFlows platform for account opening and lending.
Central Bank of Djibouti Selects Olympic Banking System for ERI Olympic Platform
The Central Bank of Djibouti has opted for OLYMPIC Banking System’s ERI Banking Platform to execute and manage transactions, institutional customers, and the operation of accounts.
European Central Bank to Maintain Euro’s Interest Rate at 0.75 Percent
The Governing Council of the European Central Bank has decided not to alter the Euro’s interest rate and keep it at 0.75 percent.
Two European Banks to Pay USD 2 Billion in Fines to U.S. Regulators
European banks, Standard Chartered Plc and HSBC Holdings Plc, are close to agreeing fines worth USD 2 billion imposed on them by the U.S. regulators
Spain’s Banking Industry Outlook to Remain Negative in 2013: Fitch Ratings Ltd.
Spain’s banking industry outlook will continue to remain negative in 2013 given the continuing economic problems, reveals a recent report by Fitch Ratings Ltd.
U.K.’s Interest Rate Remains Unaltered at 0.5 Percent
The U.K.’s interest rate will remain unaltered at 0.5 percent according to the latest decision taken by the Bank of England’s (BoE’s) Monetary Policy Committee (MPC).
New Zealand’s Official Cash Rate to Remain Unchanged at 2.5 Percent
The Reserve Bank of New Zealand has announced that New Zealand will keep its Official Cash Rate (OCR) unchanged at 2.5 percent.
Britain’s New Development Bank to Open in Early 2013
Britain’s new business development bank is to open in early 2013 as per the Autumn statement of George Osborne, Chancellor of the Exchequer.