Banks in the eurozone contributed just 3 per cent to the global profit pool, down from 25 per cent before the 2008 financial crisis, the study showed. Italian banks lost $35 billion in aggregate last year, the worst performance by any country.
The major banks' pre-tax earnings as a share of their total assets rose to 1.28 per cent in 2013, higher than 10 other developed countries, the influential BIS said in its annual report on Sunday night.
Chinese individual investors poured about 1.3 billion UAE dirhams in Dubai's real estate last year, nearly tripling that of 2012, as the Middle East's financial hub becomes a growing magnet for the well-off from the world's second-largest e
The survey of more than 130 investors with over $3.8 trillion in assets revealed that the average percentage of their alternative investment portfolio going to hedge funds will remain the same for 2014 as for 2013, at 72.5%.
The ADB conducted a study to identify which among China's cities are the most livable through its Environmental Livability Index. The study considered factors such as the cities' source of clean water, their quality of air, efficient solid waste
The initial beneficiaries in Singapore, Malaysia, and Thailand of such a framework are likely to be managers with a regional footprint