The US Treasury Department will meet with the banking industry in December to give guidelines on how to deal with marijuana businesses in states that have legalized marijuana use.
Tags: Banks
ECB faces test of its own as Europe braces for landmark banking review
After putting the euro zone's top 130 banks through their paces, the European Central Bank will face a test of its own on Sunday - will its landmark health check succeed in convincing investors the region's lenders are safe?
Banks should defer bonuses 10 years, tap them for fines: Fed official
Banks should defer bonus payments for 10 years and tap the bonus pool to pay any regulatory fines, a top Federal Reserve official said on Monday, taking aim at continued lapses across the industry even after the 2007-9 financial crisis.
Banks to get instruction manual for submitting Libor quotes
Banks who submit quotes for compiling Libor interest rates will have to follow a manual of instructions to avoid a repeat of the rigging seen in the past, the benchmark's new administrator said on Monday.
Wells Fargo and JPMorgan Chase Are the World’s Richest Banks for Market Capitalization
The banking system has a large contribution to modern economy. After all, this is where financial transactions are made whether by individuals or corporations. Money truly makes the world go round and all of them emanates from one source: a bank account. Here we will look at five of the richest banks in the world.
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Two of the most active banks in the Gulf region, Standard Chartered and Citigroup Inc have decided not to support Etisalat's loan for the acquisition of Maroc Telecom.
Sulaiman Al-Habib (HMG) and Almana General Hospitals have engaged the services of separate banks to assist in its IPO listing.
Eight banks were identified as 'too big to fail' by the Norwegian financial regulatory authority.
The collateral provided by Batista and Grupo EBX have helped reduce the bank exposure risk for Banco Santander Brasil and Itau Banco.
Several banks required to undergo Fed Reserve stress tests to determine capacity of capital cushions on hypothetical adverse conditions.
A USD1 billion syndicated loan was formalized by Banco do Brasil with five international lending institutions.
Presented evidence on another case is being used as evidence to prove Barclays' hand in the recent LIbOR rigging scandal.
Banking regulators now are empowered to confiscate and break up a financial institution if bankruptcy would only hurt the economy.
Tokyo Electric's debtors allow debt roll over for the stricken power utility firm. Twenty eight financial institutions, including Sumitomo Mitsui Banking Corp have agreed to roll nearly a JPY77 billion or USD783 million syndicated loan for Tokyo Electric Power Co due to become mature by month's end.
