Banking
Euro zone banks tighten credit by most since debt crisis, ECB says
Euro zone banks have tightened access to credit for companies by the most since the 2011 debt crisis and expect to continue…
Dubai Islamic Bank sells $750 million in debut sustainable sukuk
Dubai Islamic Bank sold $750 million of its debut sustainable Islamic bond on Tuesday, a bank document showed. The sukuk, which mature…
EU to propose banks offer mandatory ‘instant payments’ in euros
Banks in the euro zone would be required to provide 'instant payments' in the single currency 24/7 under draft European Union rules…
EU Commission launches public consultation on the Mortgage Credit Directive review
The European Commission has launched a public consultation on the Mortgage Credit Directive review. The Commission is seeking views on the functioning…
HSBC in final talks to sell France unit to Cerberus -source
LONDON, March 17 (Reuters) - HSBC has entered into final negotiations to sell its France retail bank business to Cerberus, a source…
Euro zone banks curtail credit access amid fresh pandemic worries
Euro zone banks are tightening access to corporate credit amid a resurgence of the coronavirus pandemic, fresh data showed on Tuesday, adding…
HSBC plc to accelerate plans to shrink in size and slash costs further
HSBC Holdings PLC signalled it would embark on a transformation of its business model, seeking to flip its main source of income…
HSBC accelerates 35,000 job cuts amid Covid-19 profit plunge
HSBC is to accelerate plans to cut 35,000 jobs globally after the Covid-19 crisis forced the bank to put aside another $3.8bn…
Santander to appoint HSBC’s Simoes as regional head of Europe
Spain's Santander announced the appointment of Antonio Simoes, head of global private banking at HSBC, as its regional chief for Europe at…
Central Bank with new directives on cheques, cash withdrawals
Following the advice of national health authorities for persons to remain indoors as much as possible, the Central Bank of Malta has…
Big banks brace for the coronavirus
Many of the City of London's biggest institutions are taking steps to combat the spread of the coronavirus. On Monday many of…
Founder of India’s fifth-biggest private sector bank arrested
The founder of Yes Bank, Rana Kapoor, was arrested on Sunday on allegations of money laundering, after being questioned for over 20…