banking sector

HSBC to Cut 8,000 Jobs in UK, Sell off Turkey and Brazil Operations

British bank HSBC is planning to cut 8,000 jobs in the UK as it tries to reduce costs and simplify…

9 years ago

Indian rupee and stocks jump as Raghuram Rajan boosts confidence

Indian rupee and stocks have jumped a day after the country's new central bank chief Raghuram Rajan took charge and…

11 years ago

UBS repays bailout loan from Swiss National Bank after five years

Swiss National Bank has announced a loan it granted to bail out troubled bank UBS in 2008 has been repaid.…

11 years ago

Luxembourg would consider greater transparency in its banking sector

Known for its highly secretive banking sector, Luxembourg would now consider a greater transparency in banks activity to help curb tax…

12 years ago

Spanish banks need an injection of 59.3 billion euros to survive a serious downturn

According an independent audit, Spain's banks will need an injection of 59.3 billion euros ($76.3 billion) to survive a serious…

12 years ago

Nguyen Duc Kien’s arrest in Vietnam triggers Asia Commercial Bank run

Depositors in Vietnam have withdrawn hundreds of millions of dollars from Asia Commercial Bank, one of the country's largest banks,…

12 years ago

Spain: nationwide anti-austerity protests end in unrest

Police in Spain have fired rubber bullets to clear demonstrators in Madrid as a day of nationwide protests against spending…

12 years ago

Spain to get 30 billion Euros to help its troubled banks

Eurozone finance ministers have decided to lend Spain 30 billion Euros ($37 billion) this month to help its troubled banks.…

12 years ago

Cyprus to apply for financial assistance from eurozone

Cyprus has told the European authorities that it intends to apply for financial assistance. Cyprus is the fifth eurozone member…

12 years ago