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The article discusses the German lending bank Deutsche Bank's replacement of its chief executive officer John Cryan with Christian Sewing. The role that the financial loss and lack of profit of Deutsche Bank played in the replacement of Cryan is discussed.

The article offers information on the bank industry conference which seeks to improve bank regulations in the region which include the reduction of bank inventories and bad loans.

The article reports on the responsibilities by Jay Clayton, partner at law firm Sullivan & Cromwell, in the management of several banks such as Deutsche Bank and UBS AG.

The article discusses a restructuring of the World Bank as of May 28, 2014, highlighting employee's concerns that the restructuring is limiting the work of the bank and negatively impacting employee morale. Topics addressed include World Bank president Jim Yong Kim's defense of his plans to restructure the institution, as well as criticisms of personnel chosen to manage various projects within the World Bank.

The article discusses the impact of the Royal Bank of Scotland's (RBS) planned spinoff of Citizens Bank as of May 13, 2014, noting potential obstacles facing Citizens as an independent bank. Topics addressed include Citizens' plans to invest in new technologies, cut costs, and change its marketing of loans, as well as regulatory issues leading up to R.B.S.'s plans for Citizens' initial public offerings (IPOs).

The article discusses the implications of the U.S. Federal Reserve's (Fed) rejection of the bank Citigroup's plans to use its capital to increase dividends and stock buybacks as of March 27, 2014. Topics addressed include concerns that the bank's global operations may be too large to adequately manage, as well as the reaction of Citigroup chief executive Michael Corbat.

The article discusses improvements in the finances of Lloyds Banking Group since 2011, highlighting chief executive António Mota de Sousa Horta-Osório's management of the bank as of December 29, 2013. Topics addressed include the bank's investment in the growth of the British economy, its strategy of focusing on less risky lending practices, and Horta-Osório's recovery from a hospitalization for stress and exhaustion.

The article discusses the low profile of Michael L. Corbat, the chief executive of the bank Citigroup, highlighting the advantages of such a low profile in terms of avoiding regulatory scrutiny as of December 1, 2013. Topics addressed include contrasts between Corbat and Jamie Dimon, the chief executive of financial services firm JPMorgan Chase; Corbat's strategy for communicating with regulators; and improvements in Citigroup's finances since Corbat became chief executive in 2012.

The article discusses the effect of the European Union's (E.U.) economic bailout of Cyprus on the involvement of Russia in the Cypriot banking industry as of August 21, 2013, highlighting Russian majority ownership of the Bank of Cyprus. Topics addressed include the forced conversion of funds in the Bank of Cyprus into shares in the bank, and the influence and financial problems of the Bank of Cyprus.

The article discusses the management of Greece's Piraeus Bank by chairman Michalis G. Sallas as of June 10, 2013, highlighting Sallas' methods for establishing Piraeus as the largest bank in Greece. Topics addressed include disagreement between European financial regulators and independent auditors regarding Sallas' lending policies, Piraeus' connection to the Marfin Investment Group, and Sallas' response to the financial crisis in Greece.

The article focuses on mistakes made by the management of the French bank Societe Generale which allowed employee Jerome Kerviel to create unauthorized and ficticious stock trades which cost the firm over $7 billion. The bank ignored messages of warnings from the Eurex financial exchange. It is said to have encouraged a culture of risk-taking which allowed supervisors to ignore Kerviel's methods as long as they seemed profitable.

The article reports that the board of directors of the French bank Societe Generale took no action on the offer to resign made by Chief Executive Officer Daniel Bouton, leaving him in his position. Anonymous sources indicated this decision may be a temporary one. Bouton is under pressure to resign due to the $7 billion in losses created though the fictitious stock trades of bank traded Jerome Kerviel.

The article reports that the French bank Societe Generale is under increased scrutiny regarding the undocumented stock trades by former employee Jerome Kerviel that resulted in over $7 billion in losses. Kerviel told prosecutors his fictitious trades began in 2005, a year earlier than the bank had stated. This raised questions as to how Kerviel operated without detection. There have been calls for the bank's Chief Executive Officer, Daniel Bouton, to resign.

The article reports that Klaus-Peter Muller, Chief Executive Officer of the German bank Commerzbank, believes the losses created by the U.S. subprime mortgage crisis have yet to be fully evaluated. Muller forecast that a significant number of European banks will suffer further losses related to the crisis. Muller states that too many banks were willing to accept the word of credit ratings firms rather than conduct their own risk assessment of the mortgage-backed securities.

The article examines the proposal by three major U.S. banks to create a fund to become the buyer of last resort for structured financial vehicles (SIV), the operations created by banks that sell U.S. debt instruments to investors. The fund is designed to minimize the damage caused by the crisis in the credit market. Analysts described the fund as a stopgap measure that will not resolve the problems of the mortgage-backed securities held by the SIVS.

The article reports that a consortium of the largest banks in the U.S., with the encouragement of the Treasury Department, have created a plan to contain the housing-related debt crisis. The banks, Citigroup, JPMorgan Chase and Bank of America, proposed the creation of a new financing vehicle which would issue its own securities to buy up undesirable loans. The plan calls for little or no investment by the banks themselves. Information is given from economists concerning its usefulness.

The article focuses on the quarterly earnings report of Citigroup for the third quarter of 2007, which will be announced on October 15, 2007. Losses in the bank's investment banking unit due to losses in mortgage-backed securities have already prompted a shakeup of that department by Citigroup Chief Executive Officer Charles O. Prince. Analysts and investors also expect poor results from Citigroup's consumer financial services units, and wonder if the company will make more changes.

The article discusses banking and money management in Switzerland. Although Switzerland only has a population of 7.5 million, it is the third largest asset manager and commodities broker in the world after the United States and Great Britain. The Swiss have laws in place to protect the confidentiality of banking clients that is unprecedented in other countries.

Reports that Sanford I. Weill will stay on as chairman of Citigroup until his scheduled retirement in 2006. Debate over his plans to leave Citigroup and start a private equity fund; Concerns over whether Weill's new venture will compete with Citigroup; Problems facing the Citigroup bank after being linked to various accounting scandals; Resignation of Citigroup president Robert B. Willumstad.

Focuses on Chinese-born, Western-educated bankers who are heading the operations of big investment banks or playing crucial roles in China. How these bankers were raised as Communists during China's Cultural Revolution, but were schooled in capitalism; Suggestion that they are some of the most powerful deal makers in China; Role of these rich and politically astute investment bankers in helping transform China's economy and restructuring some of its biggest corporations; Examples of Chinese-born star bankers at various investment banks; Information on these fairly secretive bankers, who have returned to China to play pivotal roles in a growing number of international deals; Value of these new bankers' relationships and navigational skills; Why the rise of these bankers may pose some risks to the banks.

Reports that Goldman Sachs & Co. and Allianz AG of Germany are in talks to acquire a one-billion dollar stake in China's largest state-owned bank, the Industrial and Commercial Bank of China. Author's view that the talks come at a time when some of the world's biggest financial institutions are rushing into China to acquire states in some of the country's largest state-owned banks ahead of planned initial public offerings in the next few years; Review of recent deals involving state-owned banks and Bank of America Corp. and UBS AG; Comments on the deals from Jack J. T. Huang, overseer of China coverage for the law firm Jones Day in Taipei, Taiwan.

The article reports that the Dutch banking industry seeks oath for the top executives wherein if the executives break the pledge they will face fines, suspensions or can be blacklisted in the industry.

The article reports on the significant step taken by Pope Francis on June 15, 2013 to make changes at Vatican Bank through the appointment of prelate in a key vacancy of the bank.

The article reports that cooperative banks in Great Britain are stumbling because of too many risky real estate loans and too much buffer against financial losses.

The article focuses on the establishment the new headquarters of European Central Bank (ECB) in Frankfurt, Germany which is a reminder of the institution that has supplanted the German central bank Bundesbank. It says that the headquarters of ECB were established by the European leaders as a symbol of its status as heir to Bundesbank. It adds that the ECB depends on Bundesbank to handle many of the back-office functions of the common currency due to the limited staff.

The article reports on the plan of using the uniform patent system for banking supervision and regulation in Europe. It states that the system would supplement the patent rules under the current system of the European Union. According to the European Commission, the patent protection would cost from 36,000 euros or $46,500 to around 6,500 euros or $8,400.

It now appears that Europe is prepared to pay what it needs to pay to save its banks. But not to rescue Greece. [ABSTRACT FROM AUTHOR]

''Too big to fail'' is something to be feared and loathed in Washington - except on the softball field. The phrase, which typically refers to big banks whose collapse would endanger the financial system, doubles as the team name for the Federal Deposit Insurance Corporation's softball team. The banking regulators have posted a meager two wins this season, putting them near the bottom of the Congressional Softball League. [ABSTRACT FROM PUBLISHER]

FRANKFURT EUROPE'S latest plan to prop up Greece looks suspiciously like a plan to bolster European banks. [ABSTRACT FROM PUBLISHER]

National Australia Bank's ambitions to substantially increase its position in Australia's wealth management and life insurance market were dealt a major setback on Monday, when the country's competition authority blocked its $12.2 billion bid for the Asia Pacific operations of the French insurance giant AXA. The decision opens the way for a new offer by the Australian asset management company AMP. The firm had bid for AXA Asia Pacific in November but its offer was trumped by the National Australia Bank a month later. [ABSTRACT FROM PUBLISHER]

WASHINGTON (AP) -- Facing withering attacks for failing to prevent the largest American bank failure ever, a former regulator defended his actions and pushed back against claims that he was too cozy with bank management. Questioned about an apologetic and familiar e-mail message to the chief executive of Washington Mutual, Kerry Killenger, a former director of the Office of Thrift Supervision, John M. Reich, told a Senate panel, ''I make no apology for that e-mail whatsoever.'' [ABSTRACT FROM PUBLISHER]

First Centennial Bank of Redlands, Calif., was seized by a state regulator, the third bank in the nation to fail this year. First Centennial, with $803.3 million in assets and $676.9 million in deposits, was shut by the California Department of Financial Institutions, and the Federal Deposit Insurance Corporation was named receiver. [ABSTRACT FROM PUBLISHER]

Barclays, the British banking giant, said on Wednesday that it was in the process of cutting an additional 2,100 jobs in its retail, commercial banking and credit card businesses. On Tuesday, the bank said that it would cut 2,100 positions at its investment banking unit, Barclays Capital, at its wealth management business and its fund management operation. That brings the total of planned job cuts at Barclays this year to 4,600, including 400 information technology positions that the bank cut last week. [ABSTRACT FROM PUBLISHER]

The Democratic Party of Japan, the country's largest opposition party, decided to reject the government's second nomination of a former finance ministry executive to head the central bank. The party said in a statement on its Web site that it is set to reject Koji Tanami, left, now governor of Japan Bank for International Cooperation, in a parliamentary vote Wednesday, the same day the current Bank of Japan governor's term ends. The decision makes it inevitable that the central bank will at least briefly lack a top leader for the first time since World War II. The opposition has been urging the government to pick someone not politically connected to the nation's powerful bureaucracy to ensure the independence of the Bank of Japan. [ABSTRACT FROM PUBLISHER]

The Swiss bank UBS is considering cutting as many as 8,000 jobs to save costs, and will not rule out a possible split of its wealth management and investment banking business, a Swiss newspaper reported Sunday. The chief executive, Marcel Rohner, reaffirmed at a recent meeting of 300 senior UBS bankers that the company wants to keep its wealth management and investment banking operations under one roof, but he also said alternative plans always have to be considered, the Swiss weekly SonntagsZeitung reported. [ABSTRACT FROM PUBLISHER]

The article reports that banks in the Gaza Strip have run out of cash as Israel's commercial banks stopped business transactions with them. Gaza Strip is run by the Palestinian organization Hamas. Following the Israeli banks' decision, people withdrew their deposits from Gaza banks. Israel has declared Gaza under Hamas rule a hostile territory. Meanwhile, the Israeli banks are reported to have allowed some cash in Gaza.

The article comments on the appointment of Robert Zoellick by U.S. President George W. Bush to head the World Bank. Had he been appointed in 2005 in place of outgoing bank president Paul Wolfowitz, the bank, Bush administration and the world would not have faced embarrassment, comments the article. It is expected that Zoellick's appointment will be confirmed soon to help the bank refocus its attention on poverty alleviation and promotion of good governance, comments the article.

The article reports on the agenda that Robert Zoellick is setting as World Bank president. Talking to reporters on May 30, 2007, Zoellick said that he would not only overcome the disturbing situation at the bank but also set a new course for it. He said that he would build on the anticorruption policies employed by outgoing bank president Paul D. Wolfowitz. Zoellick's nomination for the post was announced by the U.S. White House on the same day.

The article reports on the World Bank committee's investigation into misconduct charges leveled against bank president Paul Wolfowitz. The committee was to complete its investigation by the first weekend of May 2007 but it could not. However, the bank officials are sure that the committee will find that Wolfowitz violated the bank rules. The committee comprises 7 of the 24 members of the bank's board.

The article reports that around $208 million will be paid by Deutsche Bank AG to end state and federal investigations regarding mutual fund trading. New York state attorney general Eliot Spitzer ordered the bank to pay $20 million as penalties and $102 million in restitution. Over five years, fees will also be reduced by $86 million by Deutsche Bank. According to Spitzer, the bank's asset management division had backed deceptive market timing.

Reports that UFJ Holdings, the Japanese bank, posted a loss for its fiscal first half. Financial information; Efforts to reduce its bad loans ahead of a planned takeover by the Mitsubishi Tokyo Financial Group; Analysts' expectation of a loss; Views of industry experts; Outlook for a net loss for the year; Comments of UFJ's president, Ryosuke Tamakoshi; Decline of the bank's corporate lending due to Japan's economic slump.

Examines how Charles O. Prince, chief executive of Citigroup, is trying to revamp the reputation of financial giant Citigroup. Prince's reaction to the closing of Citigroup's private banking unit in Japan; Strategy of Prince, including a global tour of the bank's biggest locations in a campaign to change the company's culture; Comments of Prince; Question of how effectively a chief executive can change the culture of a company as large as Citigroup; Comparison of Prince with Sanford I. Weill, who remains Citigroup chairman; Management challenges; Overview of the company; Outlook.

Reports on the agreement of creditor banks to support a capital increase and billion-euros in contract guarantees for the troubled engineering giant Alstom.

Reports that Guillermo Ortiz, governor of Mexico's central bank, has called for lower costs to make bank services accessible. Criticism of the banking system by legislators and business groups; Testimony of Ortiz before the Senate finance and trade committees; Call by Ortiz for global banks to list their subsidiaries on the local stock market; Views of banking analysts; Reference to the near-collapse of the Mexican banking system in 1994; Outlook.

Focuses on James L. Dimon, chief executive at Bank One. Implications of the merger of J.P. Morgan Chase and Bank One, which will create the second-largest bank in the U.S.; Biographical and career details; Comparison of Dimon with William B. Harrison, chief executive of J.P. Morgan; Dimon's eventual role as chief executive of the merged companies; Dimon's operational expertise as an executive under Sanford I. Weill, chairman of Citigroup; Outlook for the new banking giant.

Discusses the debate in Canada about whether or not companies should split the jobs of chairman and chief executive. Improvements in corporate governance at banks such as Royal Bank of Canada, the Toronto-Dominion Bank, and the Bank of Nova Scotia; How the Bank of Montreal prefers to uphold standards of American banks; Combination of the two roles at sixty percent of U.S. public companies; Effectiveness of the leadership of one individual who has both roles.

Focuses on the Bank of Japan, which cut its benchmark short-term rate effectively to zero in 1999. Failure to stimulate borrowing, investment and growth; Ways that the policy has affected trading in Japan's money markets; How the banks are transacting business; The spread of Japan's nationwide experiment with ultra-low rates.

Reports on the recommendations of Liberal Democratic Party Secretary General Taku Yamasaki related to the appointment of the next Bank of Japan chief.

Reports that Citigroup has agreed to buy a percentage of the Shanghai Pudong Development Bank, one of China's biggest publicly traded banks. View of economist Michael Kurtz that China can improve the quality of its banks by importing Western management practices; Financial details; How Western banks are eager to get into the Chinese market as the country prepares to open its financial services industry.

Reports on the merger of two of France's biggest banks, Crédit Agricole and Crédit Lyonnais. Breadth and scope of the combined bank; Details of the merger; Focus on retail banking, specialized financial services and asset management; Possible challenges the banks may face integrating themselves; Outlook for the banks' credit ratings; Reactions of the French government, analysts and investors.