| Lloyds Banking Group says chairman to retire | | Lloyds Banking Group said on Monday that chairman Winfried Bischoff will retire from the post by the middle of next year after overseeing a partial turnaround of the state-rescued British bank. | | HSBC boss can do more to cut bank down to size | | HSBC’s sale of a stake in a Korean insurer last month was made with little fanfare, just one of 52 deals struck or businesses closed in the last two years by Chief Executive Stuart Gulliver, and analysts are expecting more. | | Australia central bank mutes outlook | | Australia’s central bank scaled back its forecasts on Friday, warning of muted growth and a “subdued” outlook as the commodities-driven economy transitions away from mining. | | Bankers whisper : Spain’s bailout bill could rise | | Spain’s bill to bail out its banks may yet rise, some bankers and analysts fear, as a worsening economy hampers the government’s early attempts to sell off nationalised lenders and threatens the “bad bank” housing their rotten property deals. | | India cuts rate, but warns of risks | | India’s central bank cut its main interest rate by 25 basis points on Friday in the third such move this year, but said there was “little space” for further reductions to help the slowing economy. | | ECB cuts benchmark rate | | The European Central Bank cut its benchmark interest rate to a record low of 0.50 percent in an effort to boost economic growth in the Eurozone. | | BoJ holds off fresh easing measures | | The Bank of Japan on Friday boosted its inflation and economic growth projections for the world’s third-largest economy as it eyes an end to years of deflation. | | Emirates NBD wins ‘Best SME Internet Banking service’ | | Emirates NBD, announced on Thurday that its Business Banking segment has won the Banker Middle East Product Award 2013, for ‘Best SME Internet Banking Service,’ further building on its success last year, when it won the 2012 award for ‘Best SME Insurance Product.’ | | Arab banks’ assets to hit $3 trillion: UAB | | The total assets of Arab banks is expected to hit $3 trillion in 2013, up by more than 13 per cent from $2.6 in 2012, according to Wisam Fattouh, the secretary-general of the Union of Arab Banks, or UAB. | |
