2012

Nov

26

More Stricter Oversight Needed for Insurance Firms says EIOPA

Gabriel Bernardino, chairman of the European Insurance and Occupational Pensions Authority (EIOPA),

2012

Nov

19

Australia’s Small Business Trading Conditions Worsen Further

Australia's small business trading conditions are worsening amidst rising costs, falling profits, inconspicuous consumer demand and global economic uncertainties, reveals a quarterly survey by the Australian Chamber of Commerce and Industry (ACCI).

2012

Nov

19

Investment Banks will Fight for Research Projects from Asset Managers: Report

Investment banks will not quit easily, when it comes to taking on research projects from asset managers, reveals a recent report by the Centre for the Study of Financial Innovation (CSFI).

2012

Nov

08

Troika Unable to Decide Bailout Amount Needed to Reduce Greece’s Debt Pile

Inspectors from the European Commission, the European Central Bank and the International Monetary Fund (IMF), collectively known as Troika, are still trying to find out whether Greece will be able to repay all that it owes.

2012

Nov

02

Royal Bank of Scotland Sets Aside GBP 400 Million to Deal with Payment Protection Insurance

The Royal Bank of Scotland (RBS) has set aside GBP 400 million to deal with payment protection insurance (PPI) claims during Q3 2012.

2012

Oct

30

European Central Bank Warns about Risks of Virtual Currency Schemes

The European Central Bank (ECB) is worried that the growth of virtual currency schemes like Bitcoin and Linden Dollars could have a negative reputational impact on central banks due to their inherent instability.

2012

Oct

30

Hurricane Causes U.S. Stock Market to Remain Closed for Two Days

The New York Stock Exchange Euronext, Inc. (NYSE Euronext) closed all trading operations for two days, as Hurricane Sandy hit New York City.

2012

Oct

29

Majority Financial Institutions not Ready for Real-time Reconciliation: Gresham Computing Plc. Survey

Over 50 percent of financial institutions have not yet embarked on real-time reconciliation for any of their asset classes and are not expected to do so by the end of 2013.

2012

Oct

04

Barclays Bank Plc Announces Restructuring of Investment Banking Business

Barclays Bank Plc is streamlining its investment banking business by assuring finer regional leadership and coordination. Consequently, Rich Ricci, Head of Corporate and Investment

2012

Sep

19

Bad Debts of Spanish Banks Hit USD 221 Billion

Recent data released by the Bank of Spain, reveals that Spanish banks’ bad debts have hit USD 221 billion.