ANKARA, Aug 25 (Reuters) – Turkey’s Competition Board is investigating eight banks over suspected irregularities regarding promotions they gave companies to encourage them to open employee salary accounts, the regulator said on Tuesday. (more…)
Financial Regulatory Forum
By Steve Slater, European Banking Correspondent
LONDON, Aug 12 (Reuters) – Investment bankers have reversed their role as villains of the financial crisis, delivering bumper half-year profits to offset a startling rise in retail bad debts at Europe’s banks, but may need to repeat the trick.
By Tom Freke and Souhail Karam
LONDON/RIYADH, July 31 (Reuters) – A Cayman Islands court has frozen $9.2 billion of assets belonging to Saad Group, the Saudi Arabian investment firm at the centre of a financial storm, including some of its equity stakes outside the Gulf.
WASHINGTON, July 31 (Reuters) – The U.S. Federal Deposit Insurance Corp is launching the first test of its Legacy Loans Program to help banks rid their balance sheets of toxic assets so they can raise new capital and increase lending, the agency said on Friday.
WASHINGTON, July 24 (Reuters) – The Federal Deposit Insurance Corp on Friday argued for limits on a new agency to protect consumers from risky financial products and warned against stripping consumer protection duties from bank regulators. (more…)
By Stanley Carvalho
ABU DHABI, July 23 (Reuters) – The United Arab Emirates central bank has directed banks to take provisions over a two-year period of up to 75 percent of their exposure to a pair of troubled Saudi firms, bankers told Reuters on Thursday. (more…)
By Foo Yun Chee
BRUSSELS, July 23 (Reuters) – Crisis-hit banks may have to divest assets and hold back on acquisitions to gain European Union regulatory approval for their state bailouts, the European Commission said on Thursday. (more…)
By Jonathan Thatcher
SEOUL, July 22 (Reuters) – A rowdy South Korean parliament on Wednesday passed a set of media and bank ownership laws that form part of the conservative government’s delayed reforms to shake up Asia’s fourth-largest economy and make it more competitive. (more…)
By Kevin Drawbaugh
WASHINGTON, July 22 (Reuters) – Congressional Democrats pledged on Wednesday to engage the banking industry in a summer-long debate over the Obama administration’s call for the creation of a U.S. Consumer Financial Protection Agency. (more…)
By Kirstin Ridley
LONDON, July 22 (Reuters) – Regulatory attempts to stamp out long-term guaranteed bank bonuses in Britain could founder unless they dovetail with global reforms to curb the return of a culture of risk-taking that has destabilised economies. (more…)