Yves Mersch, ECB board member, projected the completion of the staff complement for the regulatory authority by late 2014.
Commercial banks
Stanford Marine Group unit receives USD 300 million loan facility
Stanford Asia Holding, a subsidiary of Stanford Marine Group, received a USD 300 million loan facility.
Monte dei Paschi cancels coupon payments
Monte dei Paschi decided to cancel its coupon payments in order to meet EU bank requirements. A decision to cancel coupon payments was done by Monte dei Paschi di Siena on three hybrid loans set to fall due by the end of the month to comply with European conditions for the approval of a EUR4.
HSBC appoints new personnel to address regional growth
New appointments to HSBC Holdings management staff were recently announced to respond to the recovery in the region's financial markets.
South Korea gets first round bids for two regional banks
The South Korean government said it received preliminary offers for two regional banks from Woori Finance Holdings.
Latest News
A Reuters/Ipsos polled showed Americans still harbored grudges against Wall Street five years after the fall of Lehman Brothers.
Chinese authorities warned potential problems the Chinese banks could face if they don't beef up their capital requirements but Factbox figures from Reuters revealed a different scenario.
A Reuters analysis revealed that Beijing was looking to private capital to strengthen the balance sheets of Chinese banks.
Seeing a possible windfall of money from oil and gas rich investors, Britain is urging banks to create instruments to address the USD2.6 trillion market by 2017.
Reuters reported that Monte dei Paschi di Siena was slated to announce a drastic recovery plan to avert a government takeover.
James Gorman, the CEO of Morgan Stanley, said that he personally invest in municipal bonds, a biotech firm and for his children's accounts,in global equities.
The First Gulf Bank said it is not interested to bid for Barclays business in the UAE. The First Gulf Bank, a lender based out of the United Arab Emirates, said it has no plans to bid for the retail banking operations of Barclay in the country.
A settlement was reached between a consortium of banks and liquidators over the current legal dispute over the collapse of the Bell Group of Australia.
Eivind Kolding's reign as Danske Bank CEO ended when the bank fired him. In a surprise decision, Eivind Kolding, Danske Bank A/S CEO was fired after less than two years on the job.
