Fund firms threatened the privatization of Lloyds Banking Group until rulings are clarified by banks and regulators.
Industry
Carney, advised to pioneer lending to small firms using GBP1 billion
Mark Carney, the bank of England's new governor was urged to set aside GBP1 billion for small businesses to ais in UK's recovery.
Switzerland Hurt as Private Banks Leave Due to Rising Compliance Versus Secrecy
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.
Naptha Loading Offered End Of July By ONGC
Naptha supply offered by ONGC to potential buyers end of July (Photo : Reuters)The image shows workers in a gas field. The Oil & Natural Gas Corp, also known as ONGC sold 35,000 metric tons of naphtha which is ready for loading on July 30 to July 31 from its site in Hazira, India.
Asian equities hurt by Fed policy, China's PMI
Asia-pacific investors continue to fret due to Fed’s quantitative easing and China’s economic slowdown.
Latest News
Maria Fekter, Austria's Finance Minister was confident about getting the deal from EU after some negotiation.
The International Monetary Fund said the markets overreacted even if the US Federal Reserve didn't know how to stop buying bonds.
Through rights offering with private investors, Greece's Piraeus Bank would be able to raise Euro 7.33 billion.
General Council for Islamic Banks and Financial Institutions intends to expand to adjacent countries.
World Bank President Jim Yong Kim addressed the aims of the global lender to reduce poverty. (Photo : Reuters)President Jim Yong Kim of World Bank, gives a lecture on global creditor's goals.
The U.S. Conference of Mayors said President Barack Obama's financial plan would hurt the economy.
Benoit Coeure, ECB Executive Board member, said the bank has Euro 50 billion on loans to small and mid-sized businesses.
Canadian investors fear the lack of transparency and inappropriate conduct from Pakistani government.
TrimTabs has reported losses amounting to US$47.2 billion for bond mutual funds and bond ETFs. (Photo : Reuters)The image is the gold inset sign of Wall Street.
