Banking

The Greek stock market finally reopens and the result is as bad as can be expected with banks plunging by the maximum daily limit

Greek stock market plummets by 22.8 percent

The Greek stock market finally reopens and the result is as bad as can be expected with banks plunging by the maximum daily limit

After five weeks, the Athens Stock Exchange (ASE) was opened on August 3 for early trading. In an indication of the recent battering to the Greek economy, shares nose-dived by 22.8 percent. The country’s biggest banks, National Bank, Alpha Bank, Piraeus...

Brunei banking: staying strong in a declining oil market

A stronger focus on diversification may be one positive effect in Brunei of low oil and gas prices, says Baiduri Bank’s Pierre Imhof

Brunei's banking sector remains resilient, according to Standard and Poor's. Pierre Imhof, CEO of Baiduri Bank, explains how Brunei's government is investing in a diversified economy, and what the Brunei banking sector is doing to assist small and medium ...

Citibank fined $700m for “unfair and deceptive” practices

US financial authorities have ordered Citibank to remunerate credit card users it has been found to have deceived

The Consumer and Financial Protection Bureau is forcing Citibank North America, as well as its subsidiaries, Department Stores National Bank, and Citicorp Credit Services, to repay $700m to customers for what the US regulator describes as “unfair and de...

The Greek stock market finally reopens and the result is as bad as can be expected with banks plunging by the maximum daily limit

Greek stock market plummets by 22.8 percent

The Greek stock market finally reopens and the result is as bad as can be expected with banks plunging by the maximum daily limit

US Fed orders large banks to prepare for failure

New rules approved by the Federal Reserve will require the country’s eight largest banks to increase capital holdings

US Fed tells Santander: shape up, or get fined

As part of a regulatory crackdown on US banks, the Federal Reserve has demanded Santander details and changes a range of its practices

In April, a trader was arrested due to his alleged role in the 2010 Wall Street crash, bringing to the fore the risks tied to high frequency trading

Flash and burn: high frequency traders menace financial markets

In April, a trader was arrested due to his alleged role in the 2010 Wall Street crash, bringing to the fore the risks tied to high frequency trading

British banks shrink when probed

Homegrown banks in the UK are undergoing dramatic restructuring, but a pending FCA investigation will help mitigate the decay of British investment banking

BTG Pactual on weathering Brazil’s economic storm

Despite Brazil’s recent slump in financial growth, the Latin American private banking sector has continued to thrive amid a number of challenging reforms

A handful of customers form new relationships with banks on a regular basis, so for growth in the banking industry to remain steady, existing customers must be a continual core focus

Saudi Hollandi Bank puts SMEs at the core of customer focus

A handful of customers form new relationships with banks on a regular basis, so for growth in the banking industry to remain steady, existing customers must be a continual core focus

Asia’s new millionaires make investments a family affair

A scepticism towards traditional banking, combined with a chronic talent shortage, has laid the groundwork for an Asian family office market to flourish

Zenith Bank: Nigeria’s economy ‘healthier than ever before’

The banking industry is fuelling Nigeria’s economic recovery, with firms such as Zenith Bank set to play a crucial role in the country’s future