Regulation

Norges Bank supports MeritaNordbanken's buy

The Norwegian central bank, Norges Bank, said Thursday it recommends to the Norwegian banking and insurance authority that Nordic Baltic Holding and its unit MeritaNordbanken (S.MNB) be allowed to acquire Christiania Bank og Kreditkassen (Y.CBK).

Fraga welcomes BSCH bid for Banespa bank

Spain's Banco Santander Central Hispano was the surprise high bidder for Banespa yesterday, claiming Brazil's state bank for an unexpectedly high US$3.6bn. Arminio Fraga, Brazil's central bank president, welcomed the bid.

Second Nicaraguan bank collapses

Nicaragua is facing a crisis in its fragile financial system after the regulator moved to take over the second bank to fail in the past 100 days, and attacked the government for refusing to guarantee its customers' deposits.

Iran's Bank Melli to open branch in Moscow

Iran's Bank Melli will soon open a branch in Moscow with a capital of over $10m, Central Bank of Iran governor Mohsen Nurbakhsh said in a meeting with his Russian counterpart Viktor Gerashchenko.

Pakistan might adopt Islamic banking gradually

Pakistan may try to convert gradually to a full Islamic banking system rather than make a sudden transformation by the middle of next year - the Supreme Court's deadline to end all interest driven transactions, which are considered contrary to Islam -…

Interview with Ernst Welteke

Ernst Welteke, president of the Deutsche Bundesbank, talks with the editor of the Quarterly Journal of Central Banking, Robert Pringle, about the forthcoming restructuring of the Bundesbank, the euro, the ECB and the need for greater political…

Husain wants banking consolidation in Pakistan

Pakistan's central bank governor Ishrat Husain has said that he wants fewer, but stronger financial institutions in Pakistan which can mobilise and allocate resources in a cost effective and efficient manner.

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