2012

Dec

03

Smaller Hedge Funds Attracting Significant Number of Investors: Ernst & Young

According to the Ernst & Young’s 2012 Global Survey Hedge Fund and Investor survey, a significant number of investors are increasing their allocations to emerging and start-up funds.

2012

Dec

03

The City of London to be Deposed as Euro’s Main Financial Centre

According to Christian Noyer, Governor of the Bank of France, the city of London should be taken out as the euro’s main financial centre in order to bring economic blocs recovery.

2012

Nov

30

U.S. Government Unlikely to Sponsor Banking Split: Morgan Stanley

James Gorman, Chairman and Chief Executive Officer of Morgan Stanley said that U.S. government will not sponsor the split of big banks.

2012

Nov

29

European Central Bank Wants European Union to Terminate Weak Banks

The European Central Bank (ECB) has proposed that European Union (EU) should be vested a permanent role of shutting down the weak banks.

2012

Nov

29

Spanish Banks Restructuring Plan Approved by European Commission

The European Union (EU) has approved the restructuring plan of four of the most troubled banks in Spain.

2012

Nov

27

Citi Introduces First Smart Banking Branch in the Philippines

Citi, the largest foreign bank in Philippines has launched its first smart banking at Makati Branch with intuitive touch screens and high definition media walls to attract and engage with more customers by providing them various products and services on demand.

2012

Nov

26

Barclays Requested to Reduce its Investment Banking Business

The biggest shareholders of the U.K. financier Barclays believe that in order to restructure its operations the bank should reduce its investment activities.

2012

Nov

21

International Monetary Fund Agrees to Grant Egypt USD 4.8 Billion Loan

The International Monetary Fund (IMF) will grant Egypt USD 4.8 billion to deal with its economic problems like budget deficits and avoid devaluation of its currency.

2012

Mar

29

European Central Banks’ Long-Term Refinancing Operations Fail to Recover Business Lending Sector as Expected

Financiers, benefiting from the long-term refinancing operations offered by the European Central Bank (ECB)