Category : Banking crisis
The French bank will pay more than 860 million dollars in fines for corruption of Libyan officials and manipulation of a reference rate.
The famous bank will face another challenge when the Federal Reserve publishes the first results of the "stress test" on its U.S. operations.
The rupiah has been one of the worst-hit Asian currencies by higher yields on US Treasury bills and the increasing of the dollar.
Banks have been sanctioned and payed shocking fineds for a total of $243 billion since the last financial crisis.
The House voted to pass a bill to roll back regulations on all but the largest banks.
2018, that is about 291 percent of GDP. European banks are in trouble for several reasons.
The Bank of Japan’s preferred inflation gauge fell for the second straight month in April, dropping from 0.9 percent in the previous month to 0.7 percent, as consumer prices refuse to cooperate with the BOJ’s 2 percent inflation target, according to government data released Friday.
A Hong Kong government report says money laundering puts the city at "medium high" risk, with the banking sector risk labeled "high."
Net central bank purchases totalled 116.5t in Q1, 42% higher y-o-y and the highest Q1 total since 2014.
Thieves siphoned hundreds of millions of pesos out of Mexican banks, including No. 2 Banorte, by creating phantom orders that wired funds to bogus accounts and promptly withdrew the money, two sources close to the government’s investigation said.