Qatar National Bank (QNB) , the Gulf's largest lender by assets, said on Monday its third-quarter net profit was up nearly 14% as net interest income jumped nearly a third.
The amount of commercial bank cash held overnight with the Swiss National Bank fell by 30 billion Swiss francs ($30.07 billion) last week, data on Monday showed, illustrating how the central bank is tightening monetary policy by reducing market liquidity.
The European Central Bank (ECB) should avoid overreactions that could lead to a loss of credibility and must gradually normalise its monetary policy after a long period of ultra-low interest rates, ECB policymaker Mario Centeno said on Monday.
Singapore's second-largest lender Oversea-Chinese Banking Corp Ltd (OCBC) said on Monday it had appointed its current head of group audit Goh Chin Yee as the new group chief financial officer.
China's central bank extended its bilateral currency swaps with European Central Bank, worth 350 billion yuan or 45 billion euros, according to a statement published on the Chinese central bank's website on Monday.
The Bank of England said on Monday it would launch a temporary expanded collateral repo facility to help banks ease liquidity pressures facing their client funds caught up in the recent market turmoil which threatened pension funds.
Monte dei Paschi di Siena's (MPS) capital raising plan is entering a make-or-break stage with CEO Luigi Lovaglio and the banks due to guarantee the sale hammering out final details, people close to the matter said.
