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Australia's Westpac Banking has applied to conduct local-currency banking in mainland China, joining a growing list of banks seeking to beef up yuan-related services.
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The Monetary Authority of Singapore said it has raised its capital-adequacy requirements for locally incorporated banks to a level higher than called for under the newest international agreement, the so-called Basel III accord.
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Policyholders opposed to a restructuring plan at bond insurer MBIA can sue for fraudulent conveyance and breach of contract to stop the effort, the New York Court of Appeals ruled.
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Lloyds Banking Chief Executive Antonio Horta-Osorio is expected to set out a steadier and "more credible" strategy for the bank, in one of his first major tests since taking over as CEO of the 41% state-owned bank in April.
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Standard Chartered said revenue and pretax profit grew by double digits in the first half of 2011, as costs dropped back and major markets posted strong performances.
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Banks, savings banks and thrifts that have failed since 2008.
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