Banks general
Swiss banks told to avoid accepting untaxed funds
24 Feb 2012
In a surprise move to crack down on Swiss banks being used as tax havens, authorities there have told the banks to tighten measures to prevent the acceptance of untaxed assets
HSBC to exit retail banking in Japan
23 Feb 2012
HSBC today said that it will withdraw out of retail banking in Japan and close its remaining services for individual customers, as it tries to control costs and refocus its sprawling business
Zoellick to step down as World Bank president in June
17 Feb 2012
Zoellick said he would stay 100 per cent focused through 30 June, continuing to drive policy and programmes at a heightened tempo.
RBI hikes bank rate to 9.5 per cent, aligns it with repo rate
14 Feb 2012
RBI has been using the reverse repo rate and the repo rate under the LAF to signal monetary policy stance since 3 May 2011 and the 3.5 percentage point hike, the first in nine years, will align bank rate with the current policy rates
Citi to be first western bank to issue credit cards in China
07 Feb 2012
With China Banking Regulatory Commission granting it approval to launch its credit card business, Citigroup will become the first western bank to issue credit cards in mainland China
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