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Pakistan’s parliament welcomes establishment of joint bank with Iran

Chairman of Pakistan National Assembly’s Standing Committee on Finance, Revenue and Economic Affairs, Asad Umar, on Wednesday welcomed the proposal made on the establishment of a joint Iran-Pakistan bank.

Deutsche Bank to set up €50b bad bank

Deutsche Bank is planning to overhaul its trading operations by creating a ‘bad bank’ to hold tens of billions of euros of assets and shrinking or shutting its US equity and trading businesses, the Financial Times reported on Sunday.

Bank of Japan’s aggressive easing created tough environment for some banks

Economic initiatives undertaken by the Japanese government and aggressive easing policies from the country’s central bank have injected new growth momentum into the economy. According to a senior banking executive, however, that’s come with some negative consequences.

Bank of England's Ramsden sees weak growth in mid-2019

Britain’s economy is likely to see slow growth through the middle of this year before picking up towards the end of 2019, Bank of England (BoE) Deputy Governor Dave Ramsden said in an interview published on Saturday.

Reuters poll: Bank of Canada done raising rates, 40% chance of cut by end-2020

The Bank of Canada (BoC) is done raising interest rates until at least the end of next year, with a serious risk of a cut by then as policymakers become more wary of slowing growth and global trade tensions, a Reuters poll showed on Friday.

Officials: India central bank plans more forex swaps, steps to inject cash

India’s central bank will probably conduct at least one more swap of rupees for dollars after the general election, said three officials with direct knowledge of the plan, part of an effort to support economic growth.

Malaysia's Proton to get $455m financing from China Construction Bank

Malaysia’s national carmaker Proton has secured 1.88 billion ringgit ($455.10 million) in banking facilities from China Construction Bank to fund expansion around the region, it said in a statement late Friday.

Deutsche Bank posts 67% profit rise after merger talks collapse

Deutsche Bank reported stronger-than-anticipated first-quarter net profit on Friday, less than 24 hours after abandoning merger talks with Commerzbank.

China central bank injects ¥267b in targeted loans as broader easing appears on hold

China’s central bank extended ¥267.4 billion ($39.8 billion) to some commercial banks on Wednesday via its targeted medium-term lending facility (TMLF) as it looks to provide struggling smaller business with a steady stream of affordable financing.

Britons without bank account 'pay £485 poverty premium'

Britons who do not have a bank account face paying up to £485 extra each year for bills and basic services, according to a report.

Reuters poll: Indonesia central bank seen holding key rate now, cutting it later this year

Indonesia’s central bank will keep interest rates on hold on Thursday, a Reuters poll showed, though some economists say a rate cut to bolster economic growth is coming — and one sees a possible trim next month.

Deputy governor: Australia central bank still seeking solution to policy puzzle

Australia’s central bank is keeping a close eye on how the divergence between a seemingly slowing economy and a strong labor market resolves itself to help determine where policy rates are headed, a senior official said on Wednesday.

Labour considers house price inflation target for Bank of England

The Bank of England could be set a target for house price inflation under plans being explored by the Labour party, with tougher powers to restrict mortgage lending to close the gap between property prices and average incomes.

ECB will reportedly ask Deutsche Bank to raise fresh funds for merger

The European Central Bank (ECB) will ask Deutsche Bank to raise fresh funds before it gives the go-ahead for a merger with a state-backed rival, a person with direct knowledge of the matter said.

India’s IDBI Bank ‘receives nod’ to handle Iran trade deals

The IDBI Bank received the Indian government’s nod to handle import and export transactions with Iran, a move which would help in promoting two-way trade amid US sanctions on the Persian Gulf country, industry sources said.