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China plans to open banking industry for more private participation China Banking Regulatory Commission (CBRC) is in the process of simplifying the approval procedures in order to open the banking industry more widely to private investments. Banking Services > Retail Banking > News
RBS to cut 14,000 jobs in investment banking unit By BBR Staff Writer
Royal Bank of Scotland (RBS) is set to trim its investment banking unit by cutting as many as 14,000 jobs across the US and Asia.
News Goldman Sachs to trim investment bank team in Singapore By BBR Staff Writer
US investment banking firm Goldman Sachs Group has announced plans to cut down the size of its Singapore’s investment-banking workforce by about 30% citing pressure due to stringent regulations and higher capital requirements.
News China plans to open banking industry for more private participation By BBR Staff Writer
China Banking Regulatory Commission (CBRC) is in the process of simplifying the approval procedures in order to open the banking industry more widely to private investments.
News
Austria refuses to issue fresh capital to Heta Asset Resolution By BBR Staff Writer
Austria's Financial Market Authority has refused to issue fresh capital to Heta Asset Resolution, which was set up in 2014 from the remaining assets of defunct lender Hypo Alpe-Adria-Bank International.
News India to pump in $1.3bn into state-owned banks By BBR Staff Writer
India has announced plans to pump in INR79.4bn ($1.3bn) in the next fiscal year into state-owned banks in a bid to strengthen their capital reserves.
News Afghanistan in talks with IMF to privatize loss-making New Kabul Bank By BBR Staff Writer
Afghanistan is holding discussions with the International Monetary Fund (IMF) to privatize its New Kabul Bank.
News

Latest News and Insight by Sector

Banking Services

China plans to open banking industry for more private participation
By BBR Staff Writer
China Banking Regulatory Commission (CBRC) is in the process of simplifying the approval procedures in order to open the banking industry more widely to private investments.
News
Afghanistan in talks with IMF to privatize loss-making New Kabul Bank
By BBR Staff Writer
Afghanistan is holding discussions with the International Monetary Fund (IMF) to privatize its New Kabul Bank.
News

Wealth & Assets Management

Bank of America financed controversial trades using US banking unit
By BBR Staff Writer
Bank of America has financed controversial trades using its banking subsidiary in the US, Bank of America National Association.
News
Permira offers $2.6bn to acquire Italian bank ICBPI
By BBR Staff Writer
Private equity fund Permira has offered €2.2bn ($2.6bn) to acquire Italian bank Istituto Centrale delle Banche Popolari Italiane (ICBPI) from a group of cooperative banks.
News

Intermediaries

HSBC makes $550m additional provision to cover potential fines
By BBR Staff Writer
HSBC has kept aside $550m to pay potential fines over allegations of manipulating foreign exchange markets.
News
Philippine central bank approves changes to foreign exchange regulations
By BBR Staff Writer
The Philippine central bank, Bangko Sentral ng Pilipinas (BSP), has approved changes to the manual of regulations on foreign exchange transactions (FX Manual).
News

Technology

RBS unveils fingerprint recognition technology for mobile banking
By BBR Staff Writer
Royal Bank of Scotland (RBS) has launched new 'Touch ID' technology for its RBS and NatWest customers to enable them to log on to their mobile banking app using only their fingerprints.
News
Experian improves ID theft product with BillGuard mobile app
By BBR Staff Writer
Experian Data Breach Resolution has enhanced its active fraud surveillance and identity theft resolution product, ProtectMyID, by collaborating with card fraud monitoring mobile application BillGuard.
News

Policies & Regulatory Compliance

China plans to open banking industry for more private participation
By BBR Staff Writer
China Banking Regulatory Commission (CBRC) is in the process of simplifying the approval procedures in order to open the banking industry more widely to private investments.
News
India to pump in $1.3bn into state-owned banks
By BBR Staff Writer
India has announced plans to pump in INR79.4bn ($1.3bn) in the next fiscal year into state-owned banks in a bid to strengthen their capital reserves.
News

Risk Management

OFR study reveals JPMorgan tops riskiest banks in US
By BBR Staff Writer
A study released by the Treasury Department's Office of Financial Research (OFR) revealed that JPMorgan, a global banking and financial services holding company, tops among the riskiest banks in the US.
News
Financial Institutions enters into assurance of discontinuance with New York state
Financial Institutions, the parent company of Five Star Bank, has signed an Assurance of Discontinuance with the New York State Attorney General’s office related to an investigation into lending practices for minority residents within the City of Rochester.
News

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