Banking

Banking

Banking
Standard Chartered's CEO Peter Sands (pictured) is to be replaced in June by Bill Winters, former head of JP Morgan's investment banking division. Sands has come under scrutiny after the bank posted a series of poor financial results

Standard Chartered CEO to leave in dramatic shake-up

Former JPMorgan executive Bill Winters joins Standard Chartered in overhaul of its board
Banking | Central Banking
The extension of Greece's bailout is good news for President Tsipras. But the country still faces a host of challenges as it tries to restore its economy

Greece wins bailout extension, but faces tough road ahead

Greece has unveiled a list of reforms in the first step of many required to complete the new bailout agreement
Banking
After World Bank treasurer Madelyn Antoncic raised concerns over the way the institution processed a loan to China, an independent review was commissioned. The bank has been found not guilty of any wrongdoing

World Bank innocent in fraud case

The World Bank is cleared over the handling of a $1bn China loan after an external investigation found staff innocent of any wrongdoing
Banking | Private Banking
The Muttrah Corniche, Oman. The National Bank of Oman has played a vital role in promoting the country's economy

Oman’s banking sector flourishes thanks to increased FDI

The banking sector in Oman is starting to play a bigger role in the Middle East’s financial services market, with foreign investment bringing more business to the expanding industry
Banking | Islamic Banking

ICD: what’s next for the Islamic finance market?

Having shown its resilience by withstanding external financial shocks, and with cities across the world showing increased interest, it appears that Islamic finance is here to stay

Banking | Central Banking
The Bank of Canada's governor Stephen Poloz who announced the bank's recent interest rate cut. The institution's senior deputy governor, Carolyn Wilkins, has recently hinted another is on its way

Canada must rethink strategy to survive oil price drop

As oil prices show no signs of improving, Canada is panicking – with the BoC cutting its key interest rate. But all is not lost if policy-makers can restrategise the energy sector
Banking | Central Banking
Scenes from last year's conflict in Ukraine. Following a dramatic year, the country's economy has been as troubled as its international relations. The IMF has intervened with an emergency bailout

IMF issues Ukraine emergency bailout

The IMF has announced its plans to loan Ukraine $17.5bn, as the country is plunged deeper into economic crisis
Banking | Videos

Smith: 2008 crash era liquidity funded by organised crime

HSBC and its US affiliate exposed the US financial system to money laundering, drug trafficking and terrorist financing risks due to poor money laundering controls an official probe found in 2012
Banking | Private Banking
A view of the city skyline and central business district of Kuwait City, Kuwait. KIB has risen to become one of the most successful institutions in the country

KIB accelerates the growth of Kuwait’s banking sector

Thanks to a series of new mega projects, Kuwait’s economy is set to soar; the wave of investment bringing with it more opportunities for local banks and international firms
Banking | Islamic Banking
Aljazira head office in Jeddah, Saudia Arabia. In 2007, the bank took steps to become sharia-compliant, restructuring its regulations and services, as well as creating a sharia advisory board

Bank Aljazira rises to become top Islamic institution

Since becoming a fully sharia-compliant institution in 2007, Bank Aljazira has undertaken ambitious expansion plans in its mission to become one of Saudi Arabia’s leading Islamic banks
Banking | Videos

KBZ Group on Myanmar’s developing banking sector

World Finance speaks to representatives from KBZ Group about changes in Myanmar’s banking industry
Banking | Videos

First Bank of Nigeria on African banking trends

World Finance speaks to Bernadine Okeke, Group Executive of Private Banking at First Bank of Nigeria, about the continent’s banking industry
Banking | Private Banking
A Mashreq branch in Dubai Internet City, Dubai. The bank has considerable experience in the area of corporate and investment banking

Mashreq’s banking expertise makes it a leader in UAE financial market

Banking is becoming an increasingly competitive sector in the UAE. Mashreq has established itself as a leading bank in the region, but insists that it will not be resting on its laurels
Banking | Videos

‘To hell with it. Let’s get the money out there’: Paul Krugman on Asian Infrastructure Investment Bank

China’s proposed $50bn Asian Infrastructure Investment Bank could become the largest emerging market funding-vehicle in the region and globally
Banking
Denmark's Nationalbank is determined to keep its currency pegged to the euro. To avoid a rapid devaluation of the krone, the bank has cut its interest rates four times during the last three weeks

Denmark defends euro currency pegging

Interest rate cuts continue as Denmark insists on maintaining long-held pegging of krone to the euro
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