Search Results for: central banks
Citibank’s new UAE customers will now need to keep more than 10 times as much money in bank accounts
November 12th, 2015
Citibank’s new UAE customers told to have Dh35,000 minimum account balance Citibank said new customers in the UAE will now need to keep more than 10 times as much money in bank accounts than previously required as it focuses ...
CFTC Releases Annual Enforcement Results for Fiscal Year 2015
November 9th, 2015
Agency Filed 69 Enforcement Cases and Achieved a Record $3.14 Billion in Civil Monetary Penalties Ordered The U.S. Commodity Futures Trading Commission (CFTC) today released the agency’s enforcement results for fiscal year (FY) 2015, which included a record $3.144 ...
Greece, Creditors Said to Need a Few More Days to Reach Aid Pact
November 9th, 2015
Update: Greece and its European Union creditors need a few more days to reach an agreement that would release an aid payment of 2 billion euros ($2.2 billion), according to an EU official with knowledge of the talks. The ...
Mark Carney: Prudent to Expect U.K. Rate Rise in 2016
November 6th, 2015
Bank of England governor comments in exclusive interview Says foreign investment key consideration in Brexit debate Mark Carney says Britons should be ready for a rate increase in 2016. “Would I rather have the majority of the British people ...
US Presses Europe to Take Steps to Reduce Greece’s Debt: Investors need confidence
November 5th, 2015
Investors need confidence Greece’s debt is sustainable Servicing obligations are only part of the equation, U.S. says The U.S. is pressing euro-area countries to agree to an overhaul of Greece’s debt to give private-sector investors confidence that the nation’s ...
Asian stocks mixed on possible December rate hike
November 5th, 2015
Asian stocks put up a mixed performance on Thursday, after Federal Reserve chair Janet Yellen said that December’s monetary policy meeting would be a “live possibility” for a rate hike if upcoming economic data were supportive. Yellen was testifying before the ...
Greece May Win 2 Billion-Euro Payout by Monday, EU Official Says
November 4th, 2015
Greek banks are said likely to need some rescue funds Extra 15 billion euros for Greek lenders seen as unnecessary The Greek government might win a delayed 2 billion-euro ($2.2 billion) aid disbursement by Nov. 9 and the country’s ...
BaFin and the SEC: An international comparison of supervisory practice
November 3rd, 2015
The Federal Financial Supervisory Authority (Bundesanstalt für Finanzdienstleistungsaufsicht – BaFin) is often compared to the U.S. Securities and Exchange Commission (SEC) in the media and by the public. The SEC is frequently perceived as the more powerful authority, in ...
China forex regulator tells staff to take graft fight seriously
November 3rd, 2015
China‘s foreign exchange regulator has urged its officials to take seriously the ruling Communist Party’s fight against corruption and follow rules closely, the regulator said in a statement released by the country’s graft watchdog on Tuesday. Dozens of senior ...
Greece: Recap won’t be enough for credit sector
November 2nd, 2015
The Greek economy will have to grow at satisfactory rates for many years to recoup the severe output loss recorded during the 2008-15 period, and perhaps 2016 too. This is not likely to happen if the private sector is ...
