Japan's FSA finds regional banks incurred losses on foreign bond investments: source TOKYO: Around 20 of Japan’s regional banks lost money on their foreign bond investments amid the recent jump in US long-term yields, an emergency review conducted by Japan’s Financial Services Agency (FSA) showed, a source with direct knowledge of... Women 20 Feb, 2018
ADB hoping US will step up and help lead regional lender YOKOHAMA: The head of the Asian Development Bank said Sunday he is hoping the US will step up and support the regional lender despite President Donald Trump's avowed preference for bilateral cooperation. ADB President Takehiko Nakao told... Women 07 May, 2017
Laxmi Bank turns 15 KATHMANDU: Laxmi Bank, which was established in Birgunj as a regional bank and was upgraded to a national-level bank in 2005, has marked its 15th anniversary. The bank’s total assets as of mid-January stood at Rs 64.8 billion, while its net profit... 01 Apr, 2017
European shares dragged lower by oil stocks, Italian banks MILAN: European shares fell on Monday, weighed down by a drop in crude oil prices, while Italian banks hit their lowest point since end-September on continued worries over a cash call at troubled lender Monte dei Paschi. The pan-European STOXX... 28 Nov, 2016
Laxmi completes 14 years of operation KATHMANDU: Established in 2002 as a regional bank in Birgunj, Laxmi Bank was upgraded as a national level bank in 2005. Today, through 49 branches and a range of digital channels including 62 ATMs, internet and mobile, the bank serves the entire... 01 Apr, 2016
Smartphones to replace cards at bank machines In addition to speeding transaction time, smartphone-based system aims to curb growing problem of ‘skimming’ Washington, February 21 Here’s another use for the smartphone as it invades daily life: in place of your debit card at your bank cash... 22 Feb, 2016
Transcripts of 2010 Federal Reserve meeting show concerns about leaks Washington, January 16 Transcripts released on Friday show that in the fall of 2010, officials of the Federal Reserve were worried not just about a sluggish economy but also about in-fighting at the Fed and possible leaks of sensitive... 17 Jan, 2016
With Fed rate hike expected, five things to look for Washington, December 16 A rate increase is finally coming. That, at least, is the overwhelming expectation for the Federal Reserve today. It would be the first rate hike in nine years. And it would raise the Fed’s key rate from a record low... 17 Dec, 2015
FIFA scandal exacerbates Canadian banks' Caribbean troubles TORONTO/NEW YORK: An eyebrow-raising disclosure in the U.S. indictment of FIFA officials is that a representative of a Caribbean bank made it easy for one allegedly illegal transaction to be done by flying to New York to personally collect a check and... 30 Jun, 2015
Australia to become 6th largest shareholder in regional bank CANBERRA: Australia says it will become a founding member of a Chinese-led Asian regional bank and its sixth largest shareholder. A government statement said on Wednesday that the Asian Infrastructure Investment Bank presented Australia with great... Women 24 Jun, 2015
Japan�s bank to sell country�s first yuan bond TOKYO: One of Japan’s biggest banks today said it would sell bonds denominated in China’s yuan currency as frosty ties between the major trading partners show signs of thawing. Bank of Tokyo-Mitsubishi UFJ, a unit of Mitsubishi UFJ Financial... 19 Jun, 2015
Gulf banks cannot finance huge projects alone: bankers KUWAIT CITY: Gulf and Arab banks are unable to finance huge projects in the oil-rich Gulf region and fill a credit gap created by the withdrawal of foreign banks amid the global financial crisis, bankers said on Monday. "The total shareholders'... 02 Nov, 2009
