Kabul Bank To Split Off Bad Loans
Finance officials in Afghanistan said the Kabul Bank would be split into two banks, one of which would handle loans that were not being repaid. Central Bank Chairman Abdul Qadir Fitrat said the bank also would sever ties with former shareholders.
Read more on OfficialWire
Highlights – Finance officials at IMF/World Bank meetings
Below are highlights of comments on Thursday from officials attending the International Monetary Fund and World Bank spring meetings.
Read more on Reuters via Yahoo! UK & Ireland News
World Bank Would Restrain Coal Finance in Energy Strategy Draft
The World Bank is considering limiting its financing of coal-fired power plants to the poorest countries as part of a new energy strategy, a draft prepared for the board of directors shows.
Read more on Bloomberg
Zambian Central Bank Says to Sell Finance Bank Zambia as Soon as Possible
Zambia’s central bank plans to sell Finance Bank Zambia Ltd., the lender seized by the Bank of Zambia in December and managed by FirstRand Ltd. , as soon as possible.
Read more on Bloomberg
Factbox: G20 plans for bank, commodities, energy
(Reuters) – Finance ministers from the Group of 20 leading economies (G20) agreed on Saturday to push ahead with extra safeguards for the world’s biggest banks despite some initial opposition. The …
Read more on Reuters Finance News (EU) via Yahoo! UK & Ireland Finance
Union Bank Selects VSoft to Support Remote Deposit Capture Growth
VSoft Corporation, a global information and technology provider of process improvement solutions for financial institutions, announced today that San Francisco-based Union Bank, N.A. has selected its Remote Deposit Capture solution.
Read more on Business Wire via Yahoo! Finance
Bank customers need more protection against bad investment advice
Mis-selling by the banks is likely to continue, despite the City regulator’s latest initiative to clamp down on poor advice Barclays ‘s £7.7m fine and potential £59m compensation bill, announced last week , for selling inappropriate products to more than 12,000 customers is just the latest in a long line of mis-selling scandals involving high street banks. Structured products, personal pensions …
Read more on Guardian Unlimited
No way Ireland can renege on bank senior debt – finance minister
Ireland’s finance minister said on Wednesday opposition proposals to renege on some bank senior debt were not credible.
Read more on Reuters via Yahoo! UK & Ireland News
Integrated Bank Technology Certifies Digital Check’s TS240 Check Scanners for its I2RDC (Remote Deposit Capture) and …
CEDAR PARK, Texas–(BUSINESS WIRE)–Introduced integrated TS240 scanner/ thermal teller transaction. Thermal printing has proven to be more functional and cost effective than traditional inkjet printers.
Read more on Business Wire
WikiLeaks speculation now turns to Bank of America
Charlotte-based bank said that it has “no evidence” that organization known for revealing U.S. defense secrets has possession of one of its executives’ hard drives.
Read more on The Charlotte Observer