Page 2 - Foreign Banks
Top banks asked to justify why they still clear euro swaps in London
Banks are being asked to say which types of the derivatives they clear in Britain they would consider "the easiest to clear" at an EU clearer instead, a sign of a potentially targeted approach
 "Top banks asked to justify why they still clear euro swaps in London")
Taiwan's central bank punishes foreign banks in speculation case: Reports
The Taiwan dollar is at a more than 23-year-high against the greenback as the island's trade-dependent economy booms on the back of global demand for its tech products
 "Taiwan's central bank punishes foreign banks in speculation case: Reports")
Morgan Stanley CEO's annual pay rises by over 20% after bank's success
Under James Gorman, Morgan Stanley produced net income of $11 billion, compared with $9 billion a year ago.
 "Morgan Stanley CEO's annual pay rises by over 20% after bank's success")
Shopping for money: Private banks had highest WALR in Jan-Sep 2020
Private banks have possibly been lending mainly to lower-rated companies
 "Shopping for money: Private banks had highest WALR in Jan-Sep 2020")
RBI temporarily postpones circular on current account till December 5
As part of its monetary policy on August 6, it said no bank can open current account for a customer who has availed cash credit or overdraft from other banks
 "RBI temporarily postpones circular on current account till December 5")
Foreign banks set to dial diplomatic missions over RBI directive
Curbs on multiple current accounts seen as unfair trade practice
 "Foreign banks set to dial diplomatic missions over RBI directive")
PE investors, foreign banks taking majority stakes may rescue old pvt banks
Several of these banks were placed under the Prompt Corrective Action (PCA) framework of additional regulator scrutiny but this does not seem to have stemmed the rot
 "PE investors, foreign banks taking majority stakes may rescue old pvt banks")
Adani Green to tie up with 10 foreign banks for $1.8 billion funding
Funds to be raised as revolving construction finance for upcoming 12 Gw renewable projects
 "Adani Green to tie up with 10 foreign banks for $1.8 billion funding")
We intend to use open architecture to build scale: SBM Bank's Sidharth Rath
Sidharth Rath, MD and CEO, spoke to Raghu Mohan on the scale of the bank's ambition and the collaborative approach to rolling out business in its new avatar
 "We intend to use open architecture to build scale: SBM Bank's Sidharth Rath")
RBI to soon issue new salary norms for private, foreign bank heads
To align the current regulatory framework with global best practices, the RBI said, it will also issue the draft guidelines on corporate governance at banks
 "RBI to soon issue new salary norms for private, foreign bank heads")
RBI to issue new guidelines on salaries of private, foreign bank executives
The new circular also provides for 75% consent by value for a resolution plan to be passed
 "RBI to issue new guidelines on salaries of private, foreign bank executives")
Slow revenue growth of top four US banks likely to affect Indian IT firms
According to the HSBC report, top line growth of the top four US banks fell to around 2 per cent in the second quarter ended June this year, as compared to around 5 per cent in the previous year
 "Slow revenue growth of top four US banks likely to affect Indian IT firms")
Despite regulatory hurdles, foreign banks continue to be in a sweet spot
If you were to compare profitability and return ratios, foreign players win hands down over state-run and even private banks
 "Despite regulatory hurdles, foreign banks continue to be in a sweet spot")
Tax clarity for subsidiary model of foreign banks
A subsidiary structure provides various benefits, including the ability to grow inorganically through acquisitions
 "Tax clarity for subsidiary model of foreign banks")
World's largest banks by asset value
Industrial & Commercial Bank of China tops the list
 "World's largest banks by asset value")
