India state-run banks have been required to submit plans on how to raise US$25 billion. To strengthen risk defenses and to comply with recent changes to the Basel III capital standards, India's state-run banks are required this month to decide on methods to put up more than INR1.
Commercial banks
Denmark Urges Banks to Ignore SME Capital Provision
Denmark advised Danish banks to disregard the European directive to reduce exposure charges The European Parliament, in an attempt to align with the Basel Committee on Banking Supervision's regulation, passed a directive that will simplify the risk calculation for small- and medium-sized business loans.
Canadian dollar fluorishes amidst crisis
While many currencies have floundered, the Canadian dollar has provided great returns to investors. As the recent weeks have showed, many global currencies have been buffetted by volatile trade as well as the uncertainty as to the next decision of the US Federal Reserve as to its stimulus programs.
Bill to separate traditional and investment banking to be reintroduced
US senators have announced a plan to reintroduce Glass-Steagall Act. U. S. Senator Elizabeth Warren, a Massachusetts Democrat, reported she and a team of lawmakers are introducing a bill geared at a revived Glass-Steagall Act.
China's Central Bank moving to make yuan more international friendly
The People's Bank of China has released notice to require banks and companies to use the yuan in their international transactions.
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YES Bank is close to securing additional capital funds. YES Bank in a plan to raise around US$500 million would be selling close to 10% equity to two separate private equity investor groups.
Small banks cheered as US authorities drafts tough rules for Wall Street. After a vote, the Federal Reserve Bank decided in favor of the US version of global Basel III capital rules.
Asian stocks were swept up by Europe's rally while Euro continued to sulk. On Friday, Asian stocks increased as Euro tended its losses. This transpired after Europe's two most influential banks assured venture capitalists.
Money influx hurt China money market rates. Money market rates fell after the Chinese government announced injection of funds into an interbank market system.
Maybank invested on technology firms across four Southeast Asian countries to help its business processes.
The FCA orders trading bans on three Portuguese firms due to market volatility. (Photo : Reuters)The image is a worker sprucing up the UK regulator Financial Conduct Authority.
Today, Bank of Marin Bancorp announced that it has agreed to purchase NorCal Community Bancorp and its subsidiary Bank of Alameda.
First PacTrust Bancorp Inc announced completed acquisition deal for The Private Bank of California.
Banks leaving Switzerland due to the loss of secrecy in the banking transactions. (Photo : Reuters)The image is a bundle of 100 Swiss francs. Switzerland, the former Mecca for European lenders when it comes to private banking is now hurt with the change in banking secrecy and the rise in compliance.
