BIS

Banks in Britain rally to revive lending to businesses

August 9, 2010 - 4:33am | Banks and internet banks | News

In a move to resume lending to businesses across the nation the heads of six major banks in the UK have united to form a dedicated taskforce. In a letter to Chancellor George Osborne, BBA Chairman Stephen Green outlined a series of proposals aimed at stimulating private-sector recovery.

"We, like you, believe there is a real need to make sure that viable businesses are able to obtain the finance they need to support the recovery of the UK economy," Green wrote.

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Citi releases online foreign exchange trading platform in Switzerland

September 10, 2009 - 8:57am | Banks and internet banks | News

Citi has launched CitiFX Pro, its online foreign exchange trading platform for active individual and small institutional traders, in Switzerland. This follows the successful launch of the platform in the US and Hong Kong in 2008. CitiFX Pro will be rolled out in other European countries in the next few months.

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How central banks can address the crisis implications, the BIS report

May 18, 2009 - 2:27am | Analytics | News

A Bank for International Settlements (BIS) report released by the Central Bank Governance group said that central banks across the globe will need more power to control banks if they intend to play a substantial role in supporting financial stability in the post-crisis world. The report encouraged central banks to consider such issues as the structures of the policymaking bodies, their independence, voting habits and finances as their role evolves.

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