Search Results for: National Commercial Bank
China to ease commercial banks’ bad debt burden via equity swaps
March 10th, 2016
China’s central bank is preparing regulations that would allow commercial lenders to swap non-performing loans of companies for stakes in those firms, two people with direct knowledge of the new policy told Reuters. The new rules would reduce commercial ...
Deutsche Bank and UBS lose bonus tax case
March 10th, 2016
The UK Supreme Court has ruled Deutsche Bank and UBS should pay taxes on bonuses paid to their investment bankers. The bonuses were paid to staff via offshore accounts in the form of shares to avoid attracting income tax ...
China’s top bank raided in Spain over money laundering
February 18th, 2016
Five employees of China’s biggest bank have been arrested in Spain on suspicion of laundering money across Europe. Police made the arrests Wednesday after raiding the offices of the Industrial and Commercial Bank of China in Madrid. One of ...
Which bank is UAE most valuable?
February 4th, 2016
Emirates NBD is UAE’s most valuable bank Firm makes global branding list released by consultants Brand Finance Emirates NBD have been named the most valuable bank in the United Arab Emirates on a global bank branding list released by ...
Royal Bank of Scotland announces Updates to the Market and Banco Santander publishes 2015 Results
January 27th, 2016
The Royal Bank of Scotland Group plc (“RBS” or “the Group”) today announces a series of updates to the market: 1. Developments during 2015, in particular publication by the International Accounting Standards Board of its exposure draft of amendments ...
imaginBank, Spain’s first mobile-only bank for millennials
January 14th, 2016
CaixaBank creates a new banking model, which can be accessed exclusively through mobile apps. The new bank emerges on the market with a complete range of commission-free products and services, including current accounts, debit cards, consumer loans, personal finance ...
China cracks whip on foreign banks with forex shut-out
January 4th, 2016
* Beijing targets “aggressive” trading to stem capital flows * Also wants to narrow onshore-offshore yuan gap * China-based banker says “easy-money” arbitrage days now gone Chinese authorities are starting to police the nation’s foreign exchange market in a ...
Seven big investment banks in UK paid just $30 million tax in 2014
December 29th, 2015
Seven of the biggest investment banks operating in London paid little or no tax in Britain last year, despite reporting billions of dollars in profits, a Reuters analysis of corporate filings shows. In recent months, the seven investment and ...
Chinese Bank launches first Bond on London Stock Exchange
December 18th, 2015
Chinese bank ICBC London branch lists $10 billion Medium Term Note (MTN) programme on London Stock Exchange Launches $300 million bond First bond by a Mainland Chinese bank on the Main Market Minister Counsellor, Jin Xu and ICBC to open ...
Commonwealth Bank Increases support for Australian leadership in Quantum Computing
December 9th, 2015
Commonwealth Bank has provided in-principle commitment for an additional $10 million to support Australian researchers who are well advanced in their efforts to build the world’s first silicon-based quantum computer in Sydney. CBA welcomes the Australian Government’s decision to ...
