HSBC sells stakes in two Indian banks
HSBC Holdings, the London-based banking giant, has sold stakes in two Indian banks for around $425m.
People Moves | 26 Jun 12
pain joins ita to lead global push
Former Friends Provident International sales director Bob Pain has joined Cayman Islands-based Investors Trust Assurance (ITA) as managing director, with a brief for a global strategic push starting in Asia and later expanding across Europe.
Middle East | 26 Jun 12
gulf banks are better capitalised
Banks in the Gulf Cooperation Council (GCC) region have capitalisation that generally exceeds their international peers’, according to a report by Standard & Poor’s Ratings Services (S&P) published today.
singapore thailand banks mutual liquidity deal
The central banks of Singapore and Thailand have signed a memorandum of understanding which will allow financial institutions in both countries to access additional liquidity.
United Kingdom | 26 Jun 12
fsa statement on kaupthing singer and friedlander
The Financial Services Authority (FSA) has issued a final notice against Kaupthing Singer and Friedlander Limited (KSFL), the UK based subsidiary of the Icelandic banking group Kaupthing Bank Hf (KBHf).