GO
Loading...

Banks

More

  • HSBC has a 'terrible list' of problems   Wednesday, 25 Feb 2015 | 11:05 AM ET
    HSBC has a 'terrible list' of problems

    On the HSBC tax scandal, CNBC's Catherine Boyle reports on what happened at the live grilling of its Chairman and CEO.

  • ZURICH, Feb 25- Six weeks after a fateful decision that blasted its currency skywards, Switzerland's central bank is coming under intense scrutiny, with critics calling for changes to its insular policy practices and century-old ownership structure. The shock of the Jan. 15 move by the Swiss National Bank to abandon the franc's three-year-old cap against the...

  • HSBC: 'Most transparent bank'?   Wednesday, 25 Feb 2015 | 9:15 AM ET
    HSBC: 'Most transparent bank'?

    Douglas Flint, Chairman of HSBC, talks about HSBC's transparency and whether the risk committee can handle these risks at board level.

  • HSBC CEO followed UK non-domicile rules   Wednesday, 25 Feb 2015 | 9:15 AM ET
    HSBC CEO followed UK non-domicile rules

    Stuart Gulliver, CEO of HSBC, is asked about his UK residency in relation to his time spent in Hong Kong, adding that he had absolutely followed "the letter of the law" when it came to the UK non-domicile rules.

  • HSBC Chairman grilled over Swiss cash withdrawals   Wednesday, 25 Feb 2015 | 9:15 AM ET
    HSBC Chairman grilled over Swiss cash withdrawals

    UK parliamentary members ask HSBC Chairman Douglas Flint whether large cash withdrawals at the bank's Swiss branch were flagged up as suspicious.

  • HSBC CEO apologizes to UK MPs   Wednesday, 25 Feb 2015 | 9:15 AM ET
    HSBC CEO apologizes to UK MPs

    HSBC CEO Stuart Gulliver issues an apology in front of UK parliamentary members following allegations the bank's Swiss branch helped customers avoid tax.

  • LONDON, Feb 25- Twenty years after Nick Leeson brought down Britain's oldest investment bank, the rogue trader immortalised in book and film says little has changed in an industry that continues to throw up one scandal after another. Leeson, whose $1.4 billion loss as a Singapore- based junior derivatives trader led to the 1995 collapse of Barings Bank and earned...

  • TBILISI, Feb 25- Georgia plans a reform drive including privatisations, budget cuts and restructuring of foreign currency bank loans to contain the country's economic crisis, officials said on Wednesday. The former Soviet republic's economy has been battered by a plunge in the Russian rouble and the conflict in Ukraine. Central bank chief Georgy Kadagidze...

  • Bond giant PIMCO to cut some bank partners Wednesday, 25 Feb 2015 | 9:41 AM ET

    LONDON, Feb 25- PIMCO, the world's biggest bond investor, will cut the number of banks it uses to execute deals over the next two years, as regulation reduces the trading capabilities of many market makers, one of its bond fund managers said on Wednesday. A lot of highly professional and experienced traders are being let go, "said Alex Struc, an executive vice president...

  • FACTBOX-Global push for bank rules eyes finishing line Wednesday, 25 Feb 2015 | 9:32 AM ET

    Feb 25- As the banking crisis fades in memory, only to be replaced by a lingering economic slowdown, governments have lost interest in financial reform despite warnings from experts that dangers remain. Main financial rules completed since 2007-9 crisis. *Making the $691 trillion financial derivatives sector safer: swap contracts must be reported as well as...

  • Bank regulation takes back seat to kick-starting economy Wednesday, 25 Feb 2015 | 9:23 AM ET

    *European Commission may ease some proposed rules. LONDON/ FRANKFURT, Feb 25- As the banking crisis fades in memory, only to be replaced by a lingering economic slowdown, governments are losing interest in financial reform despite warnings that dangers still lurk. "The bulk of legislative reform is now either in place or being put in place," said Anthony Browne, chief...

  • KIEV, Feb 25- The value of Ukraine's free-falling hryvnia was in limbo on Wednesday after the central bank banned nearly all commercial currency trading until the end of the week, a decision denounced by the prime minister as bad for the economy. Exporters in Ukraine are required to sell 75 percent of their hard currency income. After later emergency talks with...

  • ATHENS, Feb 25- The Greek central bank said on Wednesday it will propose to the government that economist Theodore Mitrakos becomes a deputy governor. Deposit outflows rose last week to around 3 billion euros, according to estimates by JP Morgan, before a deal was struck on extending the bailout. Index compiler STOXX said two lenders, Bank of Piraeus and Eurobank,...

  • SAO PAULO, Feb 25- Petróleo Brasileiro SA's decision to cut capital spending plans by $16 billion this year could hamper Brazilian banks with loan exposure to the oil and gas industry, especially state-controlled Banco do Brasil SA, analysts at Goldman Sachs Group Inc said on Wednesday. Guidance provided by Brazil's top banks that was unveiled prior to the...

  • LONDON, Feb 25- More than 60 central banks hold China's yuan in their currency reserves and the amount held there and in sovereign wealth funds should grow by $500 billion over the next five years, China- focused bankers said on Wednesday. Speaking at an Association for Financial Markets in Europe conference in London, Massimiliano Castelli, UBS Asset...

  • TORONTO, Feb 25- Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Wednesday, driven by significant gains in its personal and commercial banking and capital markets businesses. The results could improve investor sentiment towards Canadian banks, which took a hit after Bank of Montreal, Canada's fourth-largest...

  • Feb 25- National Bank of Canada, the country's sixth-largest lender, reported an increase of about 2.5 percent in quarterly net profit, mainly helped by its financial markets business. Net income rose to C $415 million, or C $1.16 per share, in the first quarter ended Jan. 31 from C $405 million, or C $1.15 per share, a year earlier. Higher trading activity and banking...

  • TBILISI, Feb 25- Georgia's banks may restructure the dollar loans that make up the bulk of their portfolios to help soften the impact of a 30- percent loss for the lari currency over the past year, central bank chief Georgy Kadagidze said on Wednesday. It was the bank's third intervention this year after it sold $40 million on Feb. 11, the same day that it raised its...

  • KIEV, Feb 25- Ukraine's central bank said the hyrvnia strengthened after it banned banks from trading currency on behalf of their clients, but the volumes were so small they gave little sign of the currency's true value. After no trades at all in the morning, the bank recorded $170,000 worth of trading at 12:30 pm at a rate of 24.00 hryvnia to the dollar.

  • JERUSALEM, Feb 25- Israel's short-term interest rates could be cut below zero and other monetary policy tools considered should the shekel strengthen further and threaten the economy's export-led recovery, a senior Bank of Israel official said. Bank of Israel Deputy Governor Nadine Baudot-Trajtenberg said while the central bank was "relatively...

Contact Banks

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.