Log in or Register for enhanced features | Forgotten Password?
White Papers | Suppliers | Events | Report Store | Companies | Dining Club
Banking Business Review
Return to: BBR Home
Top Headlines

Banking Business Review

RBS to resize investment banking operations Royal Bank of Scotland (RBS) has announced the reduction of its investment banking operations, as part of which it intends to exit 25 countries across Europe, Asia and the Middle East. 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 RBS to resize investment banking operations By BBR Staff Writer
Royal Bank of Scotland (RBS) has announced the reduction of its investment banking operations, as part of which it intends to exit 25 countries across Europe, Asia and the Middle East.
News Iran reportedly smuggled $1bn bank notes to avoid Western sanctions By BBR Staff Writer
Iran has reportedly smuggled at least $1bn bank notes in a bid to avoid Western sanctions that were imposed over the country’s nuclear program.
News
Morgan Stanley to pay $2.6bn over mortgage claims settlement By BBR Staff Writer
Morgan Stanley has agreed to pay $2.6bn to the US Government to settle certain claims that arose from the sale of mortgage bonds prior to the financial crisis.
News Deutsche Bank to outsource wholesale banking IT infrastructure to HP Germany's Deutsche Bank is set to outsource a major portion of its wholesale banking IT infrastructure to Hewlett-Packard (HP) in the US, as part of a ten-year agreement signed by the companies.
News JPMorgan Chase announces $1.4bn cost-cutting plan for 2015 By BBR Staff Writer
JPMorgan Chase has announced a $1.4bn cost-cutting plan for 2015 as part of which it looks to close 300 bank branches over the next two years.
News

Latest News and Insight by Sector

Banking Services

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
Morgan Stanley to pay $2.6bn over mortgage claims settlement
By BBR Staff Writer
Morgan Stanley has agreed to pay $2.6bn to the US Government to settle certain claims that arose from the sale of mortgage bonds prior to the financial crisis.
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

UK announces $769m share sale in Lloyds Banking Group
By BBR Staff Writer
The UK government has announced the sale of a further £500m ($769m) of shares in Lloyds Banking Group through the trading plan that was launched on 17 December 2014.
News
UK’s FCA to launch study into investment and corporate banking
By BBR Staff Writer
UK’s watchdog Financial Conduct Authority (FCA) is set to launch its first study into investment and corporate banking following review of wholesale markets.
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

Australia Construction Equipment: Market Update 10 November 2013 This report is the result of Timetric’s extensive market research covering the construction equipment market in Australia. It contains detailed data on market dynamics along with latest industry happenings and leading industry players. "Australia Construction Equipment: Market Update" provides a top-level overview and detailed insight into the operating environment of the construction equipment market in Australia. It is an essential tool for companies active across Australia construction value chain and for new players considering to enter the market. Reports Buy online from $700