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Russia’s Sberbank in Europe faces closure after savers demand money

The European arm of Sberbank (SBER.MM) , Russia's biggest lender, faces failure, the European Central Bank (ECB) warned on Monday, after a…

4 years ago

Barclays, RBS, HSBC, Credit Suisse fined 344 mln euros for forex cartel

European Union antitrust regulators fined Barclays (BARC.L), Credit Suisse (CSGN.S), HSBC (HSBA.L) and RBS (NWG.L) a total of 344 million euros ($390 million) on Thursday for…

4 years ago

Analysis: White House delay on Fed regulation chief bodes badly for bank M&A

The White House's delay in nominating the Federal Reserve's new regulatory chief is likely to compound a logjam in approving…

4 years ago

U.S. Justice Dept says tweaks to debit-card rule good for competition, consumers

The U.S. Justice Department on Wednesday threw its weight behind a proposed rule change that would require banks and other…

4 years ago

EXCLUSIVE Wealth manager Americana Partners bid $25 a share for Westwood Holdings Group

Wealth manager Americana Partners has made a $25 a share bid for Westwood Holdings Group (WHG.N), offering a nearly 28%…

4 years ago

Axiata, Telenor seal $15 bln deal to form Malaysia’s biggest mobile operator

Malaysian telecoms firm Axiata Group Bhd (AXIA.KL) and Norway’s Telenor ASA (TEL.OL) will merge their mobile operations in Malaysia in…

4 years ago

China urges banks, Alipay to crack down harder on cryptocurrencies

China's central bank said on Monday it had recently summoned some banks and payment firms, including China Construction Bank (601939.SS)…

4 years ago

HSBC exits loss-making U.S. retail banking as part of Asia pivot

HSBC (HSBA.L) announced it is withdrawing from U.S. mass market retail banking by selling some parts of the money-losing business…

5 years ago

S. Korea’s c.bank moves to develop pilot digital currency

South Korea's central bank on Monday said it will choose a technology supplier to build a pilot platform for a…

5 years ago

China bans financial, payment institutions from cryptocurrency business

China has banned financial institutions and payment companies from providing services related to cryptocurrency transactions, and warned investors against speculative…

5 years ago