Fortune 500 Global

STRASBOURG (Dow Jones ) – The customary in banking circles bonus system for managers is abolished in the EU in its present form. The European Parliament agreed on Wednesday appropriate changes to the capital directive. (Photo : Anders)

As Parliament and Council of Ministers had previously agreed to a compromise, the new legislation is [...]

HB BEIJING. "The danger that 2010 credit facilities are to substantial risks and losses, has increased," said the CBRC Banking Supervision in its annual report published on Tuesday. Relatively large risks for Chinese banks came up with a "foolish lending" to regional government investors.
Some banks had been inadequate risk management judged the supervision. To lend [...]

WASHINGTON (Dow Jones) – The International Monetary Fund (IMF) has advised Germany to a consolidation of its regional banks.

"Getting a major consolidation of regional banks – possibly at a savings bank central institution – must be a priority," says the final report published on Tuesday on the Article IV consultations. All the remaining institutions [...]

BEIJING. The Industrial and Commercial Bank of China (ICBC) has instructed its offices in Beijing, to provide end-month, no further loans anymore. The bank also said it would not renew some loans. In China, loans are usually granted only for a relatively short period – about six months – will then be extended constantly.
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BERLIN (Dow Jones) – The ruling coalition announced on Tuesday a number of legislative proposals in response to the financial crisis. Among other things, the federal government wanted to bring draft legislation on banking supervision, reorganization of financial institutions and executive salaries on the road. (Photo: ddp)

That said Federal Finance Minister Wolfgang Schäuble (CDU) [...]