With Switzerland requiring higher capital ratios, banks may be hard pressed to continue with their normal operations according to JPMorgan Chase analysts.
Industry
ING Groep NV says capital buffers sufficient for ECB testing
Regulatory authorities are reviewing the capital buffers ING Groep NV for real estate financial loans prior to ECB testing to be conducted.
Asian M&A market dominated by Japan and Thai tycoons
Chinese M&A activity was slow due to its country's leadership change while Japan and Thai tycoons led the way in 2013.
Confie Seguros acquires two insurance brokerages
Confie Seguros acquired DeFranco Insurance Agency and Insurance Group of America. One of the fastest growing national providers of personal lines insurance, Confie Seguros, announced today its acquisition of two insurance brokerages, namely DeFranco Insurance Agency Inc of Niagara Falls, NY and Insurance Group of American Inc dba City Insurance of Palm Springs FL.
UAE banking rules criticized, government revision soon to come out
With vigorous criticism of the rules on banking exposure related to government related debt, the UAE central bank was forced to review the rules and study on how to lessen its harsh effects.
Latest News
Edmond de Rothschild raises EUR192 million or USD250 million for its BioDiscovery 4 fund. The Edmond de Rothschild Investment Partners have announced the closure of its BioDiscovery 4 Venture capital fund for European life science companies.
The 2013 Investec Private Equity study takes the observations of fifteen senior private equity executives and their views on the future of the market.
Some say the Euro is overvalued while others claim it is not. The founders of the Euro had dreamt of a superpower currency that can go head to head with the US dollar, to free Europe from US economic dependence.
The Confederation of British Industry said they are campaigning for a reformed European Union for British interests.
The president of the Federal Reserve Bank of Dallas has called out the US leadership on its continued gridlocks in a speech held in Sydney, Australia.
Shares of Chinese technology companies remained high despite fraud allegations of NQ Mobile. A Bloomberg report said that fraud allegations hurled against NQ Mobile did not affect other Chinese companies.
Boming Cheng, the President of Citic Securities Co, said IPOs could resume again in China after a Chinese Communist Party meeting.
Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.
PricewaterhouseCoopers is set to assess the 'gogreen' policy and its implementation in the Indian telecommunications industry.
