• Featured and Exclusive, Finance, World Biz  |  JULY 31, 2014 3:52 PM

    BNP Paribas posts first loss since 2008 due to US fines

    Story by
    www.reuters.com

    BNP Paribas turned in a 2Q loss on Thursday, reflecting the cost of an US$8.95 billion (RM28.6 billion) fine for breaking US sanctions, but the French bank said its strong underlying result was a sign clients had not been scared off by the affair.

     
  • Finance  |  JULY 30, 2014 6:41 PM

    Bitcoin transactions face test at EU’s highest court

    Story by
    www.bloomberg.com

    Tax-free trading of bitcoin faces a legal test at the European Union’s top court after Swedish authorities sought to extend existing levies to virtual currencies. The EU Court of Justice must decide if transactions between virtual and traditional currencies can …

     
  • Featured and Exclusive & Finance  |  JULY 30, 2014 6:36 PM

    Trust clampdown opens shadow banking to brokerages

    Story by
    www.bloomberg.com

    As increased regulatory oversight curbs the growth of China’s trust companies, securities firms are seizing the opportunity to boost their share of the shadow-banking pie. The value of assets managed by brokerages surged 43 times in the last two years …

     
  • Finance  |  JULY 30, 2014 6:28 PM

    European banks ease lending rules for first time since 2007

    Story by
    www.bloomberg.com

    Euro-area banks relaxed their lending standards for the first time since the second quarter of 2007, in a further sign of a recovery in credit. The European Central Bank’s quarterly bank lending survey showed that banks made it easier for …

     
  • Finance  |  JULY 30, 2014 2:40 PM

    Standar Chartered says 2014 good year for sukuk

    Story by
    www.bernama.com

    Standard Chartered Saadiq, the Islamic banking unit of Standard Chartered Bank Malaysia, expects 2014 to be good for the Malaysian sukuk industry, driven by the strength of the economy.

     
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