bank Archive

European banking bosses are getting paid a lot less than their American counterparts

Chief executives at European banks are getting a rough deal compared to their American counterparts, according to new research published in the Financial Times. The research, by PriceWaterhouseCooper and commissioned by the FT, shows that on average, chief executives in major American banks earn more than twice than those in charge of European banks. In [&hellip

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China says no tough rules for foreign bank card firms

Source photo China will not impose tough licensing restrictions on overseas bank card providers seeking to enter the country’s $7 trillion card payment market, a senior central bank official said on Tuesday. Industry sources told Reuters in October that they were concerned the Chinese government would limit the number of licenses issued to foreign card [&hellip

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One of the world’s biggest banks still doesn’t know where it should be based

When a bank the size of HSBC, which has a $2.6 trillion (£1.7 trillion) balance sheet, looks at moving its headquarters, it creates waves. The bank said on Monday that its review into where its headquarters should be based is taking longer than it thought, and probably won’t make a decision this year. Here’s what [&hellip

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HSBC is considering moving to a country that fined it $1.9 billion

HSBC is considering moving its headquarters to the US – the country that fined the bank $1.9 billion (£1.3 billion) for breaching money-laundering rules in 2012 – according to a report in the Financial Times. The bank is reviewing whether or not to leave the UK, as it tries to cope with increasing regulatory and [&hellip

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Italian bad loan market picks up as small banks join the fray

Source photo The Italian market for bad loans is on track to post its best annual performance in a decade with sales of up to 10 billion euros ($11 billion) as medium-sized banks join bigger rivals in offloading non-performing loans. Unlisted cooperative lender Veneto Banca and listed rival Banca Carige have put on the block [&hellip

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14 banks looking at bitcoin and blockchain, ranked by how much they get it

When bitcoin first emerged banks didn’t want anything to do with it. But a few years down the line and pretty much all of them are looking at it. Although no British High Street banks currently accept bitcoin — Barclays is tipped to become the first — many of them are experimenting to varying degrees [&hellip

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INVESTOR: Wall Street banks will never be as profitable as they once were

Investing in banks used to be a wild ride. They would make billions of dollars when times were good, and then lose just as much when the market tanked. Nowadays they’re pretty dull. They take less risk — and look more like utilities than the levered-up, proprietary trading, subprime lending banks of old. Read More

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Get into bank stocks for the money

All eyes are on the Federal Reserve this week to see whether central bankers will raise interest rates at long last. And as a result, many investors are speculating about the future of bank stocks. The obvious bull case for financial stocks is the hope of higher rates and better net interest margins. While many [&hellip

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