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Poland says banks could spread FX loan bill losses over time

19/01/2016(0)
Jan 18 Polish banks may be able to spread losses linked to looming Swiss franc mortgage conversions over time, the finance ministry said on Monday, after a draft FX ... Read More
foreign-exchange

Banks battle to maintain dominance of UK’s Business Foreign Exchange market

18/01/2016(0)
As businesses across the UK seek to minimise the risks of currency fluctuations, the business foreign exchange market shows strong growth as well as fierce competition, according to new ... Read More
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Wells Fargo Surpasses Citigroup

18/01/2016(0)
Wells Fargo sees 6% growth in assets; Citigroup posts strong annual profit Starting the new year, most big banks are touting their regimens to slim down: Wells Fargo & Co. just ... Read More
SEC_logo

SEC Charges 11 Bank Officers and Directors With Fraud

14/01/2016(0)
The Securities and Exchange Commission today announced fraud charges against 11 former executives and board members at Superior Bank and its holding company involved in various schemes to conceal ... Read More
china

China doesn’t restrict forex sales to individuals: regulator

14/01/2016(0)
The State Administration of Foreign Exchange (SAFE) said Wednesday it does not limit foreign currency sales to individuals, although China faces dropping forex reserves. SAFE denied media reports that ... Read More
Greece's Finance Minister Yannis Stournaras

Stournaras: Bank of Greece had built defense against plans for parallel currency

13/01/2016(0)
The Bank of Greece had taken measures to prevent clandestine plans to introduce a parallel currency to the euro last summer if negotiations with creditors failed, Governor Yannis Stournaras ... Read More
china

China names central bank deputy governor as new forex boss

13/01/2016(0)
China’s cabinet has named Pan Gongsheng, a deputy governor of the country’s central bank, as its new top foreign exchange regulator to manage the country’s currency reserves and steer ... Read More
PBC China Central Bank 1

More foreign institutions allowed on China’s forex market

13/01/2016(0)
China’s central bank allowed more overseas central banks and similar institutions to enter the country’s inter-bank foreign exchange market on Tuesday. Seven such institutions completed registration with the China ... Read More
everything-you-need-to-know-about-chinas-crackdown-on-21-trillion-of-wealth-management-products

Chinese regulator asks banks to cut wealth management yields

12/01/2016(0)
China‘s banking regulator and main bond clearinghouse have asked commercial banks to reduce rates they offer on high-yielding wealth management products (WMPs), five sources told Reuters, an apparent back-pedalling ... Read More
Markit

Markit to acquire Loan/SERV service

12/01/2016(0)
Markit, announced it has agreed to acquire the position reconciliation technology assets of DTCC Loan/SERV LLC (Loan/SERV), a subsidiary of The Depository Trust & Clearing Corporation (DTCC). Nearly 400 ... Read More
Broker Cyprus TopFX