ATHENS — Greece’s central banker has forecast that an eagerly-awaited recapitalisation of the country’s crisis-hit leading banks could be delayed by a few weeks to May.
ATHENS — Greece’s central banker has forecast that an eagerly-awaited recapitalisation of the country’s crisis-hit leading banks could be delayed by a few weeks to May.
Banks in Cyprus resumed normal trading hours on Friday after a near two-week lockdown and a day that averted a feared run on deposits following an EU-led bailout to rescue the island from bankruptcy.
Britain’s new banking regulator recommended Wednesday that the nation’s lenders increase their capital buffers by 25 billion pounds ($37.9 billion) by the end of the year.
India’s central bank cut its main interest rate for the second time this year on Tuesday, lowering it by 25 basis points in an effort to jumpstart a sharply slowing economy.
A team from the International Monetary Fund is expected to visit Egypt in the next few days for negotiations over a $4.8 billion loan, state media quoted a minister as saying on Tuesday.
The HSBC banking group said Monday its net profit dropped 17 percent in 2012, when it had to pay a hefty US fine to settle money-laundering claims.
Britain’s biggest retail bank Lloyds said it had set aside another 1.5 billion pounds ($2.3 billion) to compensate customers mis-sold loan insurance, the fifth time it has increased its provision.
DUBAI — Qatar Telecom, or Qtel, will change its brand name to Ooredoo, which means “I want” in Arabic, bringing its operations across the Middle East, Africa and Asia under a single name over the next two years.
Russia’s central bank chief said nearly $50 billion, or 2.5 percent of the national income, had been sent abroad illegally in 2012, much of it controlled by a single group of people - whom he did not identify.
The Bank of England forecast on Wednesday that the British economy would experience a “slow but sustained” recovery, but also forecast that 12-month inflation would top 3.0 percent in the summer months.