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Property, manufacturing woes help trim China's shadow banking
By Engen Tham and Jake Spring SHANGHAI/BEIJING (Reuters) - A bid by China to rein in its "shadow banking" activity is producing results, thanks to slowing economic growth and tighter regulation. But some success for a policy drive to curb risky lending is not all good news for Beijing, as smaller companies may face even bigger struggles to find funding. A cut in interest rates, announced by ... Sun, 23 Nov 2014 13:14:11 -0800

SCB aims to build connections for its most affluent clients
Siam Commercial Bank is adjusting its private-banking role to provide not only personal wealth management but also to build connections for its well-off clients and their businesses. Sun, 23 Nov 2014 09:14:57 -0800

Bank of England investigates staff over possible auction rigging
Investigation by lawyer looks into possible manipulation of money market auctions in 2007 and 2008 The Bank of England is investigating whether staff knew or even aided possible manipulation of auctions it held at the onset of the financial crisis to pump liquidity into the banking system, the Financial Times has reported. The newspaper said the formal inquiry began during the summer and the ... Fri, 21 Nov 2014 14:45:54 -0800

RBS Fined GBP 56M by FCA & PRA for 2012 IT Breakdown
Royal Bank of Scotland (RBS) agreed to a settlement regarding the 2012 IT incident that left customers unable to use banking facilities. The bank will pay GBP 56 million in aggregate to the FCA and the ... Fri, 21 Nov 2014 10:40:02 -0800

Banking stocks stage a rally as D-Street eyes more mergers
Banking sector indices Bank Nifty and the S&P BSE Bankex rallied over two per cent on Friday on multiple positive news from the sector, the most prominent being Kotak Bank’s acquisition of ING Vysya Bank. Fri, 21 Nov 2014 09:23:37 -0800

Banking culture breeds dishonesty, scientific study finds
By Kate Kelland LONDON (Reuters) - - A banking culture that implicitly puts financial gain above all else fuels greed and dishonesty and makes bankers more likely to cheat, according to the findings of a scientific study. Researchers in Switzerland studied bank workers and other professionals in experiments in which they won more money if they cheated, and found that bankers were more dishonest ... Fri, 21 Nov 2014 08:20:13 -0800

HSBC's Swiss private bank under investigation in France
PARIS (Reuters) - The Swiss private banking arm of HSBC Holdings Plc (HSBA.L) has been placed under formal investigation by French magistrates, who are looking into whether the bank helped certain clients ... Fri, 21 Nov 2014 05:04:08 -0800

The Banking Revolution Could Finally Dethrone Barclays PLC, HSBC Holdings plc, Lloyds Banking Group PLC & Royal Bank ...
Barclays PLC (LON:BARC), HSBC Holdings plc (LON:HSBA), Lloyds Banking Group PLC (LON:LLOY) and Royal Bank of Scotland Group plc (LON:RBS) could soon be heading for the tumbrils, taking investors with them... Fri, 21 Nov 2014 04:07:30 -0800

Kotak Mahindra Bank acquires ING Vysya Bank for Rs 15,000 cr
Mumbai, Nov 21: In India's biggest banking merger, Kotak Mahindra Bank on Thursday announced acquisition of mid-sized private sector ING Vysya Bank for about Rs 15,000 crore. The merger will catapult the nation's fourth largest private bank to nearly Rs Fri, 21 Nov 2014 01:27:59 -0800

Kotak Mahindra Bank to acquire ING Vysya Bank for RS 15,000 crore
In India's biggest banking merger, Kotak Mahindra Bank is acquiring mid-sized private sector ING Vysya Bank in an all-share deal worth Rs 15,000 crore. Thu, 20 Nov 2014 08:41:13 -0800

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