Bloomberg The biggest Nordic bank just won approval to convert its subsidiaries into branches in a move that gives local regulators less say over their systemically important financial institutions. This week, the governments of Denmark and Norway said Nordea can convert subsidiaries (supervised locally) into branches (overseen from Sweden). The restructuring creates branches across the Nordic region that in ...

  Reuters Kuwait’s central bank has issued new governance rules for Islamic banks, including requirements for external sharia audits, as regulators seek more transparency and accountability in the sector. Regulatory scrutiny over Islamic banks has been building as they now hold around a quarter of total banking assets in the Gulf, while in Kuwait that figure stands at around 40 ...

  DPA Donald Trump costs just 3 dollars, complete with a film of street dust that comes with every book purchased at Norman Maina’s stall tucked between a supermarket and a bus stop. Displayed on metal mesh a few centimetres off the ground, Maina’s second-hand book range includes Robert Ludlum thrillers and the success stories of the new US president ...