Banking

Euro Hits a One-Month High

Euro Hits a One-Month High

On Monday, euro hit a one-month high and is heading towards $1.50, ahead of a European Central Bank policy meeting later this week.


Commerz Bank AG Shares Report a Down Fall of 5.6%

Commerz Bank Results

On Monday, shares of the German lender, Commerz Bank AG, were observed to roll down as much as 5.6% during the early trading, soon after the bank had established conditions for the second step of its


Nation’s Biggest Banks Under Microscope

Nation’s Biggest Banks Under Microscope

Bank of America, Goldman Sachs, and Morgan Stanley are amongst a number of the nation’s largest banks that are currently under review by the New York State attorney general and the Justice Department.


New Overdraft Fee for Bank Customers

New Overdraft Fee for Bank Customers

$35 fee would be charged, now onwards, if anyone wants to overdraw his/her checking account, according to a pilot program at Bank of America.


U.K. Banks Set Aside 8 Billion Pounds

U.K. Banks Set Aside 8 Billion Pounds

No more attempt to overturn the court ruling forcing U. K banks to pay over 8 billion pounds ($13 billion) to their customers. That is the final decision of U. K.


ECB Announces to Keep the Interest Rate at 1.25%

ECB Announces to Keep the Interest Rate at 1.25%

The European Central Bank (ECB) has announced to keep the interest rate at 1.25%.


RBS with 25% Increase in Core Operating Profit

RBS with 25% Increase in Core Operating Profit

On Friday, the shares of Royal Bank of Scotland Group Plc (RBS) were reported with a hike of more than 3% in spite of widened first-quarter loss from accounting charges and rising bad debts in Ireland


Public Bank of China Should Not Interfere With the Foreign-Exchange Market

Public Bank of China Should Not Interfere With the Foreign-Exchange Market

The Former Academic Adviser to the People’s Bank of China, Yu Yongding, announced on Thursday that the China’s Central Bank, PBOC should trim down the intrusion in currency market, which is foreign-ex


FrenchTribune Specials

Bonus cap might give rise to basic salaries

Financial sector experts have said that the new limit announced by the European officials on the amount of bonus that can be given to banking officials will result in higher basic salaries among other initiatives giving additional benefits to the bankers.

Bankers in the leading financial hub of London are particularly concerned over the...

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