banks face news
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NZ banks to face fee class action
Auckland :: New Zealand | 3 months ago
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A group of law firms is poised to launch a default fee class action against New Zealand banks this afternoon. Details are scant but media have been invited to a 1pm press conference in Auckland. ''Over the past six years, New Zealand banks have
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Banks Face Up To Hefty New Mis-Selling Bill
London :: United Kingdom | 4 months ago
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I have learnt that the Financial Services Authority (FSA) is to set out a revised framework for small business customers (SMEs) to pursue redress for the mis-selling of interest rate hedging products, which were designed to provide insurance against
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What the LIBOR Scandal Means for Investors
London :: United Kingdom | 6 months ago
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The Swiss bank is expected to pay $450 million in fines and admit its involvement in reporting false rates to increase profits. Although UBS is nearing a settlement agreement, don't expect this scandal to end quietly. This is a slow burn, not a flash
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RBS Glitch Shows Tech Woes
Singapore :: Singapore | 11 months ago
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Royal Bank of Scotland Group PLC clients out of pocket underscores the challenge that banks face as they try to offer cutting-edge online services to attract customers while keeping cost as low as possible to appease investors. As the RBS computer
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Portugal: the teacher's pet to Greece's rebel | Pedro Santos Guerreiro
Lisbon :: Portugal | 1 year ago
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Poor Portugal - the IMF and the International Credit rating agencies must be about due to wage war on them again to ensure their statements increase the interest they must pay - which will result in the IMF and Europe telling Portugal they must sell
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Banks face challenges
Bangkok :: Thailand | over 1 year ago
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00 am The impact from last year's floods and the upcoming reduction of deposit protection remain challenges for Thai commercial banks in the next period amid the global economic uncertainty, particularly Europe's debt problems, the Bank of Thailand
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ECB Loans Pose Dilemma to Banks
Singapore :: Singapore | over 1 year ago
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SwitzerlandAfter receiving nearly half a trillion euros in cheap loans from the European Central Bank last month, the Continent's banks face a dilemma: to invest the money in lucrative but potentially risky government bonds or hoard the cash at a
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IMF warns China's banks face growing risks
Beijing :: China | over 1 year ago
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The International Monetary Fund warned Tuesday that China's banks face growing risks that might hamper future growth and it urged Beijing to reduce the government's dominant role in lending decisions. The IMF's comments add to
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IMF warns China's banks face growing risks
Beijing :: China | over 1 year ago
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Follow us on Business The International Monetary Fund says China's banks face growing risks due to a credit boom and it urged Beijing to reduce the government role in lending decisions. The report Tuesday adds to warnings by industry analysts that
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Bank Stocks Are Bad Investments – But Excellent Trading Opportunities
Bač :: Serbia | over 1 year ago
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Long gone are the days when bank stocks were safe investments. Now, and for the foreseeable future, the only safe way to play banks and financials is by trading them. Banks face so many issues, both in the near term and on a long-term secular basis,
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