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‘Huge’ RBS Cost Cuts on...
Thousands of Royal Bank of Scotland staff could lose their jobs as the Edinburgh-based bank plans another round of cuts. Approximately 40,000 RBS workers have already been made redundant as the bank,...
China Requests Additional Di...
China has requested important data on off-balance-sheet assets and liabilities from several of its major banks. The request is part of a new security strategy in response to the country’s growing sh...
Five Private Banks to be Cre...
The Chinese government looks to be reducing its control of the financial sector and considering the introduction of private competition. The China Banking Regulatory Commission (CBRC) plans to create...
Chinese Central Bank Eases C...
The People’s Bank of China has injected over £3.1 billion into the country’s strained banking system in order to reduce concerns over a coming “credit squeeze.” The last few weeks of Chinese...