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Business 02 Jul 2012 | 12:00 AM

China banks took 29% of 2011 global profit

LONDON: Chinese lenders accounted for almost a third of global bank profit last year, up from 4 percent in 2007, as they grabbed market share given up by struggling European peers, according to The Banker magazine's annual rankings.

Business 03 Jul 2012 | 12:00 AM

China banks took 29% of 2011 global profit, study shows

LONDON: Chinese lenders accounted for almost a third of global bank profit last year, up from 4% in 2007, as they grabbed market share given up by struggling European peers, according to The Banker magazines annual rankings.

World 17 Jul 2012 | 12:00 AM

US lawmakers lash HSBC over laundering controls

WASHINGTON: US lawmakers Monday accused the global bank HSBC on Monday of opening the doors of the financial system to terrorists, drug dealers and money launderers in a hard-hitting report.

Business 25 Jul 2012 | 12:00 AM

Au Yoong appointed RHB Bank director

PETALING JAYA: RHB Bank has appointed Vince Au Yoong director (retail banking) effective June 1.

Business 30 Jul 2012 | 12:00 AM

London investors to focus on Bank of England and ECB decisions

LONDON investors set to focus on key monetary policy decisions from the Bank of England and the European Central Bank, alongside the latest raft of company results.

Business 04 Aug 2012 | 12:00 AM

CIMB transforms from a strong investment bank to universal bank across South-East Asia

IT was a year and a half ago, when CIMB Group Holdings Bhds grand plan to position itself as an Asean bank was well under way, the banks influential chief executive was summoned to Bank Negara.

World 23 Aug 2012 | 12:00 AM

Egypt struggles to buy fuel as credit dries up

LONDON/CAIRO (Reuters) - Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high premiums due to concerns over its financial and political stability, trading and banking sources said.

World 23 Aug 2012 | 12:00 AM

Egypt struggles to buy fuel as credit dries up

LONDON/CAIRO (Reuters) - Egypt is finding it increasingly difficult to import fuel as foreign banks and traders pull the plug on credit and charge high premiums due to concerns over its financial and political stability, trading and banking sources said.

Business 18 Oct 2012 | 12:00 AM

New Citigroup CEO sets interim reporting lines

NEW YORK: New Citigroup Inc Chief Executive Officer Mike Corbat set up interim reporting lines for his executive ranks on Wednesday, a day after he was named to the top job at the New York-based global bank.

World 22 Nov 2012 | 12:00 AM

U.S. court orders Argentina to pay bond holders in "vultures" row

NEW YORK (Reuters) - A U.S. federal judge has ordered Argentina to pay holders of defaulted bonds immediately, a stinging blow to the country's efforts to overcome a 2002 debt crisis that has raised fears of another default.