Dec 9, 2016

ECB's asset tapering move hints at stimulus exit plan

The European Central Bank decided Thursday to extend its asset purchase program by nine months to the end of 2017 to boost tepid price growth, but pledged to reduce the monthly pace of buying from April. The ECB said it will continue asset purchases ...

Italian banks' recapitalization plans in turmoil as Renzi bows out

Dec 6, 2016

Italian banks' recapitalization plans in turmoil as Renzi bows out

The fate of key Italian banks was up in the air Monday as investors feared that Prime Minister Matteo Renzi’s resignation would threaten their recapitalization plans. Concern focused on Italy’s third-biggest bank, Monte dei Paschi di Siena (BMPS), which analysts said is one of ...

Dec 5, 2016

Japanese banks eye ¥95 billion in loans to Russia's Gazprom

Sumitomo Mitsui Banking Corp., Mizuho Bank and other banks are making final arrangements to jointly extend some ¥95 billion ($831 million) in loans to Russia’s state-run gas firm Gazprom, sources close to the matter said Monday. A contract is expected to be concluded during ...

Nov 23, 2016

Philippines charges bankers for ignoring cyberheist

The Philippines has filed charges against five officials of RCBC bank and a former treasurer who “wilfully ignored” suspicious activity that led to tens of millions of dollars vanishing after a heist on Bangladesh’s central bank. Unknown cybercriminals tried to steal nearly $1 billion ...

Nov 12, 2016

U.S. should have joined China-led AIIB: Trump adviser

A top adviser to U.S. President-elect Donald Trump lashed out at the Obama administration for failing to embrace the China-led Asian Infrastructure Investment Bank, suggesting a possible policy shift when Trump takes office in January. Hong Kong’s South China Morning Post said that Trump’s ...

Nov 5, 2016

FSA policy on regional banks

The Financial Services Agency will have to thread a narrow line as it urges regional banks to boost their lending to small and medium-size firms.

Oct 6, 2016

BTMU to cooperate with foreign banks over money laundering

Bank of Tokyo-Mitsubishi UFJ, Japan’s biggest lender, will join foreign peers in using advanced technology to spot illegal activity, sources close to the matter said. The bank will partner with British giant HSBC and Singapore’s OCBC Bank in using the latest information technology and ...