Rising interest rates pose new risk for banks: BIS

LONDON (Reuters) - Rising interest rates after years of loose monetary policy will pose a fresh risk to banks' ability to absorb losses using capital buffers, the Bank for International Settlements said in its annual report on Sunday.

Swiss franc surge hits emerging Europe bank sector

(Reuters) - The Swiss central bank's surprise move to let the franc surge sent shock waves through the banking sector in central and eastern Europe (CEE), where widespread mortgages denominated in francs suddenly became much harder to service.

China's bad loan ratio rises, adding to bank sector worries

(Reuters) - Chinese banks' bad loan ratio rose to 1.08 percent at the end of June from 1.04 percent in March, the banking regulator said on Friday, adding to concerns a slow economy and cooling property market could weigh on banks and brew up financial risks.

Japan’s Biggest Banks See Profit Declining in Second Half

Japan’s three biggest banks reported a surge in first-half profits this week that they said means the year will turn out better than expected.

Eurozone calm compared to a year ago: Jean-Claude Juncker

BERLIN: The eurozone crisis has eased markedly from one year ago when some doubted its very survival, Luxembourg Prime Minister Jean-Claude Juncker said in Germany on Thursday.

Cyprus president to ask EU for more help

NICOSIA: Cyprus' president said today that he will ask the European Union to provide more help for the crisis-hit country, which has to pay for most of its expected 23 billion euro (USD 30 billion) bailout.

Credit Suisse denies Swiss banks helping Germans dodge tax pact

ZURICH: The head of Credit Suisse denied on Monday that Swiss banks have been undermining a tax pact with Germany by helping wealthy clients move funds to rival financial centres such as Singapore to avoid becoming subject to taxes.

Money Funds Test Geithner, Bernanke as Schapiro Defeated

Money-market mutual funds, an alternative to bank accounts for individuals and companies, will test the resolve of the U.S. Federal Reserve and Treasury Department to prevent another financial crisis after the $2.6 trillion industry successfully lobbied against more regulation by the Securities and Exchange Commission.

Stocks, euro slip as Spain dims sentiment

NEW YORK (Reuters) - Global stocks and the euro eased on Friday after the Spanish economic dynamo of Catalonia said it needed help to refinance its debt, adding to financial troubles in Spain, which is already weighed down by a capital-constrained banking sector.

Foreign investors press 'sell' button on Indian banks

NEW DELHI: Overseas investors seem to be on a selling spree when it comes to the Indian banking stocks, as they have pared their holdings in at least 28 public and private sector banks of the country in the past few months.