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ECB Glimpse of Cyprus Debt Shows There Are Limits to Bank Cleanups
One banking crash, 3 1/2 years of recession and an international bailout later, 58-year-old Stelios Charalambous is among the Mediterranean island nation’s many debtors who realize that time has passed. “I took a 70,000-euro loan six years ago from a cooperative bank in the days when no one asked you many questions, and I bought six plots of land in Romania,” the Nicosia-based chiropractor said ... Wed, 04 Mar 2015 04:41:44 -0800

Bank of Khartoum to open first Gulf branch in Bahrain
Bank of Khartoum, an Islamic institution which is Sudan's biggest privately owned bank, plans to open a wholesale banking branch in Bahrain, its first branch in the Gulf, its chief executive told Reuters. "It comes logically because the bank's vision and ambition is to be the biggest financial institution in Sudan," said Fadi Salim Al Faqih, whose bank is majority-owned by Dubai Islamic Bank ... Wed, 04 Mar 2015 04:06:20 -0800

hold UPDATE 1-Turkey's banking watchdog says partially seizes shares in Bank Asya
(Adds details, background) ISTANBUL, March 4 (Reuters) - Turkey's banking watchdog said on Wednesday regulators had taken control of a small stake in embattled Islamic lender Bank Asya over what it described as an illegal share transaction. The partial seizure was a fresh blow to the bank after regulators last month took management control of Bank Asya, caught up in a feud between President ... Wed, 04 Mar 2015 03:37:26 -0800

Bank of Maharashtra Completes Roll-out of InfrasoftTech Mobile Banking Solution
Wed, 04 Mar 2015 02:27:06 -0800

U.S. Senate banking panel launches effort at Fed reform
The Senate Banking Committee on Tuesday launched its effort to pursue reforms at the Federal Reserve, with the central bank's regional structure among the topics that came into the panel's cross-hairs. Senator Richard Shelby, the committee chairman, said at Tuesday's Fed reform hearing that the panel will explore reforming the Fed system. Fed officials have said they will resist efforts that ... Tue, 03 Mar 2015 14:23:03 -0800

Charter Savings Bank launches online-only services
Online-focused bank Charter Savings will launch into an increasingly competitive banking landscape Tue, 03 Mar 2015 04:05:02 -0800

Barclays Takes $1.2 Billion Charge in Currency-Rigging Probe
The provision was 50 percent larger than the estimate of Jason Napier, a banking analyst at Deutsche Bank AG, and brings the total Barclays set aside in 2014 for a potential settlement into allegations it manipulated benchmarks in the foreign-exchange market to 1.25 billion pounds. Pretax profit at the investment bank fell to 1.4 billion pounds. Chief Executive Officer Antony Jenkins, 53 said on ... Tue, 03 Mar 2015 03:21:19 -0800

Study: Nearly One-Third of Megabank Customers Want to Bank Locally but See Community Financial Institutions as Lacking ...
If all things were equal, 2 out of 3 U.S. adults would rather bank at a community bank or credit union than one of the big national banks -- yet only 23 percent of consumers* who are not currently banking ... Tue, 03 Mar 2015 03:00:00 -0800

Deutsche Bank bets big on U.S. for investment bank growth
From its tower on Wall Street, Deutsche Bank enjoys a commanding view of lower Manhattan. Its target is to gain a presence in investment banking which is nearly as dominant. Deutsche increased its global market share in 2014 to 4.66 percent in the $92 billion market for investment banking fees, placing it ahead of every other European bank and just below the U.S. top five, according to Thomson ... Mon, 02 Mar 2015 06:38:43 -0800

Bank of the Ozarks Converts to Premier from Fiserv to Provide Integrated, Comprehensive Banking Solution
• Bank of the Ozarks selects Fiserv technology to position it for future growth while continuing to provide outstanding customer service • Person-to-person payments, mobile banking and check capture among the comprehensive, integrated Fiserv solutions selected • Bank cites integration, innovation and scalability... Mon, 02 Mar 2015 06:18:04 -0800

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