Business: Banking & Insurance
Barclays selects global anti-money laundering solution
Application will help bank in payments and transactions screening operations.
Deutsche Bank increases stake in Chinese bank
International bank is now the largest shareholder in China-based Hua Xia bank.
Citigroup subsidiary helps microfinance initiative
Banamex will help fund project in Latin America and the Caribbean
RBS announces new bonus plan for senior executives
Proposed scheme would partly link bonus payments to the bank's economic profit, but could mean awards of 400 per cent of annual pay.
FSA bans former Merrill Lynch trader
Former trader mispriced trades to cover up some of the £300m losses he had accumulated.
Spanish Exchange becomes better connected
Atrium Network and Visual Trader are offering connectivity to the Spanish Exchange by connecting their respective networks.
Japan's central bank increases cheap loans to boost lending
The Bank of Japan has doubled the amount of cheap short-term loans avaliable to banks.
Credit Suisse strengthens Russian fixed income platform
Credit Suisse has expanded its fixed income platform in Russia following a number of sales and trading hires to the local business.
Equitable action group accuses Treasury of sham review
A campaign group representing Equitable Life policyholders has accused the Treasury of a “stitch-up”.
Cyberfraud losses more than double in 2009, says FBI
IAG expects $135m MER reinsurance cover
National Western Life Q4 revenues up 38 per cent
Increased protection from credit card debt to be offered
UK market abuse “unacceptably high”, says financial watchdog chief
For HBOS read Manchester United
HSBC admits to data theft of 24,000 Swiss accounts
Top executives at Lehman Brothers could face court
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