ZURICH – Switzerland is investigating 12 U.S., European and Japanese banks suspected of conspiring to manipulate interbank lending rates used to set interest rates on hundreds of trillions of dollars of securities. The Swiss Competition Commission said on Friday it had received information of possible collusion between derivatives traders concerning London Interbank Offered …
Banks are releasing reserves against bad loans. That money flows to the bottom line, helping to boost earnings.
Research and Markets has announced the addition of the “The 2011 Baltic E-Banking Report – Estonia” report to t
The legislation approved by the Banking Committee is aimed at forcing the expulsion of Iran’s banks from the global telecommunications network that nearly all banks rely on.
Eurozone banks are tightening lending conditions for both businesses and households even as demand falls and the sovereign debt crisis drags on, the European Central Bank found on Wednesday.
Banks locked in negotiations with Greece for a debt write-off deal expressed hopes for an accord in coming days amid “constructive discussions,” their spokesman said Wednesday.
LONDON — Lloyds Banking Group PLC Wednesday announced changes to its board and management structure and a reorganization into five business units, moves designed in part to assuage investor concerns after Chief Executive Antonio Horta-Osorio’s recent absence due to exhaustion.
Lloyds Banking Group PLC Wednesday announced changes to its board and management structure and a reorganization into five business units, moves designed in part to assuage investor concerns after Chief Executive Antonio Horta-Osorio’s recent absence due to exhaustion.
European banks are preparing to tap the European Central Bank’s emergency funding scheme for up to twice as much as the ECB supplied in its debut €489bn auction last month, providing further evidence of the sector’s liquidity squeeze.
Banks in the U.S. kept credit fairly tight in the final months of 2011 even as demand for loans rose, a move that’s likely to put a brake on the already slow economic recovery.
