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Weekly Roundup: Fitch Says Regulators Eyeing Business Line Bans, Hezbollah Bill Could Hurt Lebanon’s Banking Sector, and More
printMonday's settlement between Standard Chartered Bank and the New York State Department of Financial Services could signal that regulators are increasingly willing to ban banks from lines of business rather than simply fining them, Bloomberg reported, citing analysis by Fitch Ratings Ltd. More Separately, Standard Chartered may face legal action from customers in the United Arab Emirates after it closed between 1,400 and 8,000 accounts in connection with the settlement, according to Reuters, which cited the country's central bank. More Facing relatively flat inflows of money, low returns on assets and lots of regulatory pressure, over 60 percent of Swiss...
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