Forex probes may lead to further regulation of industry: Saxo Bank CEO
ABU DHABI (Reuters) – Recent investigations into alleged manipulation of foreign exchange rates could be used by politicians as an excuse for new regulation of the industry, the co-head of Denmark’s Saxo Bank has warned.
Banks hope futuristic flagships can tempt new customers
VELIZY, France (Reuters) – Installation art, interactive walls and a robot doorman; the flagship branches of the world’s top banks have come a long way from the iron grilles and potted plants of old.
IDB to launch $10 billion Islamic bond program in Dubai
DUBAI (Reuters) – The Islamic Development Bank (IDB) will set up a $10 billion sukuk issuance program on the Nasdaq Dubai exchange, a boost to Dubai’s efforts to become a top center for Islamic finance in competition with other cities.
Commerzbank CEO says independence no end in itself
BERLIN (Reuters) – The chief executive of Commerzbank said Germany’s second largest lender should not remain independent at all costs, a German newspaper reported.
Embraer investigated for bribery in Argentine, Dominican deals
SAO PAULO/WASHINGTON (Reuters) – U.S. and Brazilian authorities are investigating whether Embraer SA bribed officials in Argentina and the Dominican Republic to secure deals for commercial and defense aircraft, according to legal documents reviewed by …
UK’s Co-op Bank to shed more than 1,000 jobs: Sky TV report
LONDON (Reuters) – Britain’s Co-op Bank will cut more than 1,000 jobs, over 10 percent of its workforce, as part of an overhaul of its business and finances, Sky News television channel reported on Saturday, citing insiders at the bank.
China President Xi confident about healthy economic growth
BEIJING (Reuters) – China President Xi Jinping is confident that China will have healthy economic growth and will not fall into a middle-income trap, he told a group of Chinese and foreign business leaders on Saturday.
Lenders to return to Athens next week after Greek budget offer
BRUSSELS (Reuters) – Inspectors from Greece’s lenders have put a postponed visit to the country back on the agenda and will return early next week after Athens made a new proposal on filling a gap in the 2014 budget, the European Commission said.
Top Goldman Asia banker Dees to take global, U.S.-based role: sources
HONG KONG (Reuters) – A top Goldman Sachs banker in Asia is relocating to the United States to take on a global role, people familiar with the matter told Reuters, after playing a key part in the firm’s efforts to broaden its business amid a drop in eq…
U.S. Navy says notice of possible F/A-18 orders posted in error
WASHINGTON (Reuters) – The U.S. Navy erroneously posted a notice about a possible order of up to 36 more Boeing Co F/A-18 fighter jets or EA-18G electronic attack planes due to “pre-decisional and internal budget discussions,” a top Navy admiral said F…
