EU plans for trading rules widen global gap in bank regulations

LONDON: Banks were pleased this week by news that Europe would impose less-restrictive rules on trading than the United States, but the announcement proves that global regulations are likely to remain inconsistent despite pledges to unify them.

Goldman Sachs to GLG Open Asia Hedge Funds as Big Is Chic

Global banks and asset managers are opening hedge funds in Asia for the first time since the 2008 financial crisis, putting pressure on smaller firms that are already struggling to hold onto investors.

Will G-20 Counter Power of Uncertainty?

By Alexander Mirtchev 

In 2009, G-20 leaders met in Pittsburgh and emerged with a mandate ‘to be the premier forum for international economic cooperation,' endowing the G-20 with a leading economic role on the global stage. It appeared at the time that the leaders of the G-20 had successfully defeated pessimism. However, the rising tide of global economic turmoil and problems ranging from sovereign indebtedness to consumption and saving imbalances have created a ‘perfect storm' that is far from abating.

Global banks rethink Middle East model as deals slump

DUBAI (Reuters) - When U.S. banking giant Citigroup Inc moved one of its top bankers, Alberto Verme, to Dubai in 2008, it was a sign of international banks' ambitions to tap economic growth in the oil-rich region.