Banking

  Bloomberg Global banking regulators are sticking to their guns on capital standards in the face of intense European pressure to soften planned rule-changes. The Basel Committee on Banking Supervision will wrap up work on the post-crisis capital framework on schedule by the end of the year, William Coen, the regulator’s secretary general, said. Key elements criticized by European Union ...

  Bloomberg ABN Amro Group NV, the state-controlled Dutch lender that returned to the stock market last year, is exploring a sale of its Asia private-banking business, people with knowledge of the matter said. The bank is working with a financial adviser and has reached out to potential buyers to gauge their interest, according to the people. The deliberations are ...

  Bloomberg An HSBC Holdings Plc. executive and a former employee have been barred from the banking industry by the Federal Reserve as they face U.S. criminal charges that they committed fraud in conducting foreign-exchange trades. The Fed’s move follows the August indictments of Mark Johnson, who was HSBC’s head of foreign exchange cash trading, and Stuart Scott, the bank’s ...

  Bloomberg Raiffeisen Bank International AG rose to the highest in about 10 months after announcing that it will go ahead with a plan to merge with its parent to address a capital shortfall at Austria’s biggest group of credit cooperatives. RBI climbed as much as 2.8 percent to 14.39 euros in Vienna, the highest since Dec. 9. The company ...

  Bloomberg Lloyds Banking Group Plc is considering taking on Bank of America Corp.’s (BoA) liabilities in the British payment protection-insurance scandal as it looks to beat private-equity firms in the bidding for the MBNA credit-card business, according to people with knowledge of the matter. Britain’s largest mortgage lender is vying with private-equity firms including Cerberus Capital Management and Advent ...

  Bloomberg India’s banking system is among those most vulnerable to profit declines as loan growth slows and soured debt rises, the International Monetary Fund said. The ability of Indian companies to service debt is the lowest among 19 emerging-market nations tracked by the IMF, according to figures in its semi-annual report on financial stability. The study showed that the ...

  AP Union leaders expressed confidence an agreement with Brazilian banks could be reached in the next few days to end a nationwide strike that has closed more than half the bank branches in Latin America’s biggest country. Roberto von der Osten, president of the National Confederation of Bank Workers, said the strike demanding a nearly 15 percent pay raise ...

  Reuters Pakistan will issue a $1 billion sukuk bond within hours, the finance ministry said, returning to the international U.S. dollar sukuk market after a two-year absence. The ministry said roadshows in Dubai, London, Boston and New York scored “unprecedented interest”. Pakistan’s economy grew 4.7 percent in the last fiscal year, its fastest pace since 2008, rebounding from a ...

  Bloomberg Deutsche Bank AG, indicted for colluding with Banca Monte dei Paschi di Siena SpA to conceal the Italian lender’s losses, mismarked the transaction and dozens of others on its own books, according to an audit commissioned by Germany’s regulator. Executives at Deutsche Bank arranged 103 similar deals with a total value of 10.5 billion euros ($11.8 billion) for ...

  Bloomberg Barclays Plc agreed to sell its Egyptian business to Morocco’s Attijariwafa Bank as the British firm shrinks its global operations and speeds up the sale of unwanted assets. The deal will probably be completed by the end of this year, the London-based lender said in a statement. The disposal will boost the bank’s common equity Tier 1 ratio ...