Search Results for 'World'

Europe Strains World's Banks

The world's financial system showed new signs of strain on Wednesday as banks and investors clamored for U.S. dollars and two European banks took emergency measures to address the deepening crisis. Stresses rippled through debt and st [...]

Posted On : Dec, 16 2011 | Comments : 0

Swiss Banking Secrecy Has No Place in Globalized World: View

Switzerland’s bank secrecy laws and anonymous numbered accounts have a long and shameful history: They have been used to help criminals conceal illicit gains, to deny Holocaust survivors their stolen inheritances and to help the wor [...]

Posted On : Oct, 25 2011 | Comments : 0

Volatility Gauges Rise Worldwide on Concern Europe Banks Nee...

U.S. and European options gauges surged after Morgan Stanley cut its forecast for global growth, concern grew that European banks lack sufficient capital and hopes for more stimulus from the Federal Reserve receded. The VIX, as the Chi [...]

Posted On : Aug, 19 2011 | Comments : 0

Banking enters the new world order

Last week, it was the turn of France's major banks, in particular Societe Generale, to feel the white heat of investor fears as its share price performed the sort of manoeuvres that are normally the preserve of penny stocks. The re [...]

Posted On : Aug, 14 2011 | Comments : 0

India seeks FSAP by IMF and World Bank

India has voluntarily sought a comprehensive Financial Sector Assessment Programme (FSAP) by IMF and World Bank, Union Finance Minister Pranab Mukherjee said here today asserting the country has been found to be compliant with such inter [...]

Posted On : Jan, 10 2011 | Comments : 0

Chinese Bank unveils world's 'biggest' IPO - Report

The Agricultural Bank of China (ABC) announced its huge dual listing in Shanghai and Hong Kong, which could be the world's largest-ever initial public offering, says a media report. ABC, the biggest bank in China by customers, plans [...]

Posted On : Jun, 05 2010 | Comments : 0

Canada pushes novel cure for world's banking woes, rejects ...

Canada is hoping this weekend's meeting of G20 finance officials in South Korea will hammer the last nail in the coffin of a global bank tax proposal and breathe life into its plan to save the world's financial system. Offic [...]

Posted On : Jun, 03 2010 | Comments : 0

World Bank revamps voting structure

In a significant development emerging economies India, China and Brazil have been given more voting rights in the way the World Bank is run and how its money is spent. The World Bank and the International Monetary Fund approved a sli [...]

Posted On : Apr, 26 2010 | Comments : 0

World Bank Record Level Of Business-Friendly Reforms

Governments around the world continued to adopt a record number of reforms over the past year despite the global crisis, with some countries incorporating business-friendly measures into their stimulus packages, the World Bank said Tuesday. [...]