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Bank of Japan expected to continue with monetary policy - 17 May 2013
The Bank of Japan is expected to stick with its monetary policy next week despite the recent increase in bond yields. It is possible for the central bank to front-load bond purchases or offer funds via market operations more frequently if the market turbulence continues, Reuters reports. The bank is expected to hold off on...
Council of the EU sounds the alarm over SEPA compliance - 17 May 2013
The Council of the European Union (EU) has called on member states, banks and end users to redouble their efforts to meet the 1 February 2014 migration deadline for the single euro payments area (SEPA), amid concerns that companies are failing to adequately prepare. At its latest economic and financial affairs meeting, the Council...
RBS to cut 1,400 more jobs - 17 May 2013
The Royal Bank of Scotland (RBS) is to cut 1,400 more jobs from its retail banking head office over the next two years. RBS has already announced over 35,000 jobs would be eliminated since it was bailed out by the UK government after the financial crisis. The majority of the jobs will be taken from RBS's offices in...