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.
Merchant banks
US Banks See Loan Demand Drop, Fed Survey Says
US banks have observed a fresh decline in loan demand for industrial purposes and household demand for credit during the first quarter of the year, according to a Federal Reserve survey.
Australia's Macquarie Bank Terminating Cash Transactions in All Branches as It Shifts to Fully Digital Banking Services
Australia's Macquarie Bank will eliminate the use of cash at its branches later this month as part of its transition to a fully digital offering...
Warren Buffett-Backed Capital One to Buy Discover Financial in $35 Billion Deal
Warren Buffett-backed Capital One is set to acquire US credit card issuer Discover Financial Services in an all-stock deal valued at $35.3 billion...
Sebi upgrading surveillance for CommExes
India's securities market regulator Sebi is upgrading and strengthening its surveillance system on commodity exchanges (CommExes). Recently, Sebi has barred 16 commodity trading members from trading f..
Latest News
Lloyds Banking Group conducts internal inquiry
An internal inquiry is to be conducted by Lloyds Banking Group as to its foreign currency trading operations after being advised by the Financial Conduct Authority to review its processes and report i
Deutsche Bank AG set to face administrative probe for actions on Kirch companies
The companies comprising the Kirch conglomerate testified the bank had assisted in the demise of the firm.
MHT and MidSpan Banks form MHT MidSpan Bank
The two banks for middle market advisory services have merged to provide a wider range of portfolio services to its clientele.
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.
Norway's financial regulator requires 'too big to fail' tag on eight banks
Eight banks were identified as 'too big to fail' by the Norwegian financial regulatory authority.
UBS AG and Credit Suisse Group AG may need to downsize with higher ratios
With Switzerland requiring higher capital ratios, banks may be hard pressed to continue with their normal operations according to JPMorgan Chase analysts.
JPMorgan hiring practices under review
JPMorgan Chase hiring practices now being reviewed by US, British and Hong Kong regulatory authorities.
Blackstone Group agrees on stake purchase of China-based shopping mall developer
Blackstone Group would be buying a 40% stake in Chinese shopping mall operator SCP Co.
US Fed Reserve require stress tests on banks
Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.
