The Hungarian Government is to submit a legislative amendment to Parliament for its approval that would lower the bank tax. The amendment was drafted based on discussions between Hungary ... Read More
The European Banking Authority (EBA) launched today a consultation on draft Implementing Technical Standards (ITS) on the mapping of External Credit Assessment Institutions’ (ECAIs) credit assessments for securitisation positions. ... Read More
Net banking income: EUR 6.4bn, +12.3% vs. Q1 14 and +4.4%* vs. Q1 14 excluding non-economic items** and corrected for the implementation of IFRIC 21. Good commercial momentum and ... Read More
Reported PBT up 4% in the first quarter of 2015 (‘1Q15’) at $7,059m compared with $6,785m in the same period in 2014 (‘1Q14’). Adjusted PBT up $349m or 5% ... Read More
Herve Falciani, a former HSBC employee who leaked information on the bank’s clients and tax situation, has told Spanish newspaper El Mundo he had knowledge of other cases and ... Read More
China’s interest-rate swaps were headed for the biggest monthly drop since 2008 as the central bank steps up monetary easing in support of the economy. The People’s Bank of ... Read More
Lebanon will not abandon its banking secrecy law but will continue to cooperate with the United States and other nations in the exchange of tax information and the fight against money laundering, ... Read More
European tax evaders might soon have to hide their cash in mattresses instead of secret Swiss bank accounts. Switzerland has agreed to start sharing financial information with the European ... Read More
Norway’s central bank unexpectedly left interest rates unchanged and signaled another cut to protect the economy against a plunge in oil prices. The krone surged. The overnight deposit rate ... Read More
HSBC is closing all accounts on Jersey belonging to customers living in the UK. It is part of a move by UK banks carrying out checks on the identity ... Read More
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