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Independent Due Diligence of the Banking System of Cyprus
PIMCO Europe Ltd 11 Baker Street London W1U 3AH England Tel: +44 20 3640 1000 Independent Due Diligence of the Banking System of Cyprus March 2013 Legal Disclaimer and Limiting Conditions This report sets forth information contemplated by the engagement of PIMCO Europe Ltd (together with its affiliates, “PIMCO”) by the Steering Committee (as defined herein) and is prepared in the form contemplated by the agreement between PIMCO Europe Ltd and the Central Bank of Cyprus (the “Agreement”). This report is intended to be read and used as a whole and not in parts. Separation or alteration of any section or page from the main body of this report is expressly forbidden. This report has been prepared exclusively for the Steering Committee. There are no third party beneficiaries with respect to this report, and PIMCO expressly disclaims any liability whatsoever (whether in contract, tort or otherwise) to any third party. PIMCO makes no representation or warranty (express or implied) to any third party in relation to this report. A decision by the Steering Committee to release this report to the public shall not constitute any permission, waiver or consent from PIMCO for any third party to rely on this report. Access to this report and its use by any third party implies acceptance by the third party of the terms and conditions contained in this section and other parts of this report. This report is, in all cases, subject to the limitations and other terms and conditions set forth herein and in the Agreement, in particular exclusions of liability. This report has been produced by using and in reliance on information furnished by third parties, including the Central Bank of Cyprus and the Participating Institutions to which this report relates. -
2014 Corporate Social Responsabilitity Report
2014 Corporate Social Responsabilitity Report Chairman’s Message 3 Social Report The Group key figures 5 • Carige’s Corporate Social Responsibility 35 Identity of the Group • The Banca Carige Group’s profile 6 • Mission, Vision and Core Values 9 38 CUSTOMERS • Strategies 10 • Organisational Structure and Distribution Network 15 Governance 49 EMPLOYEES • Corporate governance 18 • The internal control and risk management 28 system 63 Economic Report COMMUNITY • Financial highlights 29 • Value added 32 71 SHAREHOLDERS Methodological note 83 76 SUPPLIERS Annexes • Tables 85 • GRI-G3.1 indicators 109 78 ENVIRONMENT Any information included in this document is referred to the 2014 financial year, unless - where specified - an update was planned prior to the approval of the 2014 Corporate Social Responsibility Report by the Board of Directors on 12th May 2015. For any following updatings, reference should be made to the website www.gruppocarige.it, particularly to the sections Governance and Investor Relations. Chairman’s Message that, with a view to recovering profitability On top of this, we should not forget to safeguard the corporate assets over time. the additional effort arising from the partially unfavourable outcome of the This was a sterling work, pursued with Comprehensive Assessment carried out by determination, and which led to a profound the ECB and disclosed at the end of October and substantial renewal of the Banca Carige 2014. While acknowledging the presence of Group over a period of just twelve months. It adequate risk protections -
Former Westernbank Chiefs Seek to Toss $176M FDIC Suit - Law360
Former Westernbank Chiefs Seek To Toss $176M FDIC Suit - Law360 http://www.law360.com/banking/articles/329418/former-westernbank-chi... Advanced Search (/advanced_search) News, cases, companies, firms Search (#) (/subscribe) News Sections (#AllSections) Alerting Tools (#Tools) Jobs (/jobs/seeker) [email protected] Former Westernbank Chiefs Seek To Toss $176M FDIC Suit Got an idea for a story? Email [email protected] By Jamie Santo Share us on: (mailto:[email protected]). (/articles/329418 Got the inside scoop but Law360, New York (April 12, 2012, 8:06 PM ET) -- prefer to stay out of the spotlight? /print?section=banking) Executives and directors of the now-defunct Westernbank (/articles/329418 Email [email protected] Puerto Rico asked a federal judge Wednesday to dismiss (mailto:[email protected]). /share?section=banking) a $176 million Federal Deposit Insurance Corp (/agencies (/about /rights_and_reprints?article_id=329418) /federal-deposit-insurance-corp). suit accusing the group Banking of gross negligence in its handling of loans prior to the (/about/editorial_contacts) CFPB Tells 3rd Circ. Home Loan Rescission Documents bank's closure in 2010. Suits Valid (/banking/articles/330539/cfpb- tells-3rd-circ-home-loan-rescission-suits- Dismiss valid) (http://articles.law360.s3.amazonaws.com In a motion filed in the U.S.district court in Puerto Rico, the Case Information The Consumer Financial Protection Bureau on Friday six former Westernbank executives and directors argue urged the Third Circuit to allow more flexibility for loan Case Title recipients who have allegedly legally rescinded home loans to pursue legal action against lenders who fail to that the FDIC (/agencies/federal-deposit-insurance- W Holding Company, Inc. -
Banca Carige and Nexi Sign Agreement for the Creation of a Payment Systems Partnership
PRESS RELEASE PRESS RELEASE BANCA CARIGE AND NEXI SIGN AGREEMENT FOR THE CREATION OF A PAYMENT SYSTEMS PARTNERSHIP BANCA CARIGE WILL TRANSFER THE MERCHANT ACQUIRING ASSETS TO ITS PARTNER Genoa, 3 April 2018 – Banca Carige S.p.A. (“Banca Carige”) and Nexi S.p.A (“Nexi”), a leading player in the management of payment services, announce they have today entered into a ten-year partnership for the distribution of new, innovative payment products and services through the Carige Group’s distribution network. Under the agreement, the Merchant Acquiring business will be sold by Banca Carige to Nexi Payments S.p.A. (“Nexi Payments”), a company controlled by Nexi, for a consideration of EUR 25 million. Banca Carige currently runs the Merchant Acquiring business by distributing products and services to approximately 20,000 customers through its branch network in Italy. The transactional volume in the Merchant Acquiring business totalled EUR 1.8 bn in 2017. Thanks to the partnership, Banca Carige will have the opportunity to leverage the specialised expertise and investment capacity of Nexi, a leader in digital payments, and will be able to distribute new, innovative payment systems for faster and safer transactional processing to its customers. Taking advantage of new solutions designed and developed by Nexi, Banca Carige will boost the use of cards -including for small everyday payments- and will be able to offer the new suite of international credit and debit cards featuring digital payment options to its customers. The ten-year partnership is expected to generate up to EUR 15 mln in fee and commission income linked to the achievement of pre-set sales targets for the distribution of Merchant Acquiring services, in addition to revenues generated by the placement of services connected with other agreements. -
Fitch Places 31 EMEA Bank ST Issuer Ratings Under Criteria Observation
5/7/2019 [ Press Release ] Fitch Places 31 EMEA Bank ST Issuer Ratings Under Criteria Observation Fitch Places 31 EMEA Bank ST Issuer Ratings Under Criteria Observation Fitch Ratings-London-07 May 2019: Fitch Ratings has placed 31 Short-Term (ST) Issuer Default Ratings (IDR) and related ST debt level ratings of EMEA-based banks Under Criteria Observation (UCO) following the publication of its cross-sector criteria for Short-Term Ratings on 2 May 2019. A full list of rating actions is below. Fitch intends to conclude full implementation of the criteria, and resolution of all UCO designations within six months of the designation. KEY RATING DRIVERS The ST ratings of the affected banks are determined primarily by correspondence tables linking short-term to long-term ratings. The new ST rating criteria introduced changes to our correspondence table between long-term and ST ratings. Two new cusp points at 'A' and 'BBB+' have been added to the existing three cusp points ('A+', 'A-' and 'BBB'), where baseline or higher ST ratings can be assigned. For banks with Long-Term IDRs driven by their standalone profile, as reflected by their Viability Ratings (VR), Fitch uses the funding and liquidity factor score as the principal determinant of whether the 'baseline' or 'higher' ST IDR is assigned at each cusp point. The ST IDRs and, where relevant, associated ST debt/deposit ratings of the following issuers have been placed UCO because the ratings could be upgraded by one notch under the new criteria. This is because the latest funding and liquidity scores that feed into their VRs are at least in line with the minimum levels required for a higher ST rating under the new criteria: - Banco Cooperativo Espanol, S.A. -
U.S. SBA Office of Advocacy--Small and Micro Business Lending For
Office of Advocacy www.sba.gov/advo Advocacy: the voice of small business in government Small Business and Micro Business Lending in the United States for Data Years 2008-2009 Office of Advocacy U.S. Small Business Administration December 2010 Created by Congress in 1976, the Office of Advocacy of the U.S. Small Business Administration (SBA) is an independent voice for small business within the federal government. Appointed by the President and confirmed by the U.S. Senate, the Chief Counsel for Advocacy directs the office. The Chief Counsel advances the views, concerns, and interests of small business before Congress, the White House, federal agencies, federal courts, and state policy makers. Economic research, policy analyses, and small business outreach help identify issues of concern. Regional Advocates and an office in Washington, D.C., support the Chief Counsel’s efforts. For more information on the Office of Advocacy, visit www.sba.gov/advo or call (202) 205-6533. Receive email notices of new Office of Advocacy information by signing up on Advocacy’s Listservs at http://web.sba.gov/list. þ ADVOCACY NEWSLETTER þ ADVOCACY PRESS þ ADVOCACY REGULATORY NEWS þ ADVOCACY RESEARCH Foreword This edition of the Office of Advocacy’s annual study of lending to small and micro businesses by most depository institutions in the United States continues the expanded coverage of previous editions. In addition to banks, other depository institutions such as federal and state savings banks and savings and loan associations are included. Geographic coverage includes the United States and its territories. The two types of data used in this study are based on reports made by depository institutions to their respective regulating agencies—Call Reports for June 2009 and Community Reinvestment Act (CRA) reports for 2008. -
Group Project & Mtp 2022
GROUP PROJECT & MTP 2022 Working every day in the interest of our customers and society INVESTOR DAY – 6 JUNE 2019 Disclaimer This presentation may include forward-looking information and prospective statements on Crédit Agricole Group, supplied as information on trends. These statements and information include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. These statements and information do not represent forecasts within the meaning of European Regulation 809/2004 of 29 April 2004 (chapter 1, article 2, § 10). These statement and information were developed from scenarios based on a number of economic assumptions for a given competitive and regulatory environment. These assumptions are by nature subject to random factors and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from those expressed in, or implied or projected by, the forward-looking information and prospective statements. Other than as required by applicable laws and regulations, neither Crédit Agricole S.A. nor any other entities of Crédit Agricole Group undertake any obligation to update or revised any forward-looking information and prospective statements in light of any new information and/or event. Likewise, the financial statements are based on estimates, particularly in calculating market value and asset impairment. Readers must take all these risk factors and uncertainties into consideration before making their own judgement. The figures presented are not audited. The figures presented for the twelve-month period ending 31 December 2018, approved by Crédit Agricole S.A.’s Board of Directors on 13 February 2019, have been prepared in accordance with IFRS as adopted in the European Union and applicable at end-2018, and with prudential regulations currently in force. -
UBS Investment Bank
PROSPECTUS DATED 20 July 2017 BANCA CARIGE S.P.A. — CASSA DI RISPARMIO DI GENOVA E IMPERIA €5,000,000,000 Euro Medium Term Note Programme Arranger and Dealer UBS Investment Bank IMPORTANT INFORMATION This Prospectus comprises a base prospectus in respect of all Notes other than Exempt Notes (as defined below) issued under the Programme (as defined below) for the purposes of Article 5.4 of Directive 2003/71/EC as amended (the "Prospectus Directive ") and for the purpose of giving information with regard to the Issuer (as defined below), the Issuer and its subsidiaries and affiliates taken as a whole ("Banca Carige Group " or the "Group ") which, according to the particular nature of the Issuer and the Notes, is necessary to enable investors to make an informed assessment of the assets and liabilities, financial position, profit and losses and prospects of the Issuer. The Issuer accepts responsibility for the information contained in this Prospectus and the Final Terms for each Tranche of Notes issued under the Programme. To the best of the knowledge of the Issuer (having taken all reasonable care to ensure that such is the case) the information contained in this Prospectus is in accordance with the facts and does not omit anything likely to affect the import of such information. This Prospectus must be read and construed together with any supplements hereto and with any information incorporated by reference herein and, in relation to any Tranche of Notes which is the subject of Final Terms (as defined below), must be read and construed together with the relevant Final Terms. -
Copyrighted Material
Index Ahern, Bertie, 54 Bank of America: Allied Irish Bank, 55, 56, 57, 61, acquisitions, 85–86, 88, 95, 127 62, 94 bad banks, 92–93 Almunia, Joaquín, 41, 42, 43, 46 capital ratio, 90, 91 Alpert, Daniel, 102, 123 Countrywide Financial, acquisition of, 85, Alwaleed bin Tahal, Prince, 83–84 86 American Bankers Association, 89 credit rating uplift, 6, 9, 86 Andersen, Gunnar T., 70, 71 derivative holdings, 127, 128 Anglo Irish Bank: Europe, exposure to, 154 Burton and, 57 job cuts, 119 capital injections by government, 62 Merrill Lynch, acquisition of, 85–86, 88, condition of, 56, 57 95 developers, loans to, 54–55 mortgage-backed securities, 122, 123, winding down of, 58, 61, 75, 135 154 Arion Banki, 75–76 mortgage servicing, 115, 116, 119, 121 Árnason, Árni Páll, 73, 75 price-to-book ratio, 93–94 Assets, synthetic, 35–36, 39, 41 rescue of, 99 Austerity measures: Safe Banking Act and, 107 Greece, 49–50 second liens and revolving credit, 115, Ireland, 49–50, 52–53, 66 116 PIGS (Portugal, Ireland, Greece, and size of, 146 Spain), 27–28, 73 subsidiaries, 94–95 TARP fund repayment, 100 Bad banks, 92–93 Bank of Ireland, 55, 56, 57, 61, 62, 139 Bair, Sheila. See also Federal Deposit Bank of Japan, 18, 19 Insurance Corporation (FDIC) Bank of New York Mellon, 103 bank-holding companies, 98 Bank of Spain, 30 bank liabilities blanket guarantee proposal, Bank One, 108 81–82, 83 Barclays, 111, 141 banks, return of cash by, 92 Barroso, José Manuel, 58, 59 capital rules, 90 Basel Committee on Banking Supervision, derivatives, 127–128 28, 44, 140–141 Dodd-Frank -
Press Release
Press release Milan October 30th, 2014 Deutsche Bank SpA and Hines Italia SGR agree to set up a real estate fund reserved for institutional investors that will be granted 90 of the Bank's Italian branches. Deutsche Bank capitalises upon its real estate assets and confirms its commitment towards Italy, the Group's largest European market after Germany. Today, Deutsche Bank SpA and Hines Italia SGR announced an agreement to transfer a portfolio of 90 Italian branches of the Bank to a newly established real estate fund reserved for institutional investors. The 90 branches, worth 134 million euros, will be transferred to a fund named “Italian Banking Fund” (IBF) as a contribution in kind. Deutsche Bank will also enter into lease agreements for said branches for a term of at least 12 years. The branches concerned represented the only ones still owned by Deutsche Bank out of the 358 the lender operates in Italy. The IBF fund, set up and managed by Hines Italia SGR, is reserved for institutional investors. Qatar Investment Authority had entered into an agreement with the asset management firm to become the largest unitholder in the new fund, expanding the relationship started with the investment in the Porta Nuova funds and consolidated more recently with the acquisition of Credit Suisse's Milan office. “The placement of IBF, the twelfth real estate fund managed by Hines Italia SGR, marks the consolidation of our leadership in the Italian market for real estate funds reserved for institutional investors”, said Manfredi Catella, CEO of Hines Italia SGR. “This is a confirmation of the business strategy we launched some years ago and which led us to invest over one billion euros in Italy over the last 12 months, especially in the retail, logistics and service industries. -
Bank of England List of Banks
LIST OF BANKS AS COMPILED BY THE BANK OF ENGLAND AS AT 31 October 2017 (Amendments to the List of Banks since 30 September 2017 can be found on page 5) Banks incorporated in the United Kingdom Abbey National Treasury Services Plc DB UK Bank Limited ABC International Bank Plc Diamond Bank (UK) Plc Access Bank UK Limited, The Duncan Lawrie Limited (Applied to cancel) Adam & Company Plc ADIB (UK) Ltd EFG Private Bank Limited Agricultural Bank of China (UK) Limited Europe Arab Bank plc Ahli United Bank (UK) PLC AIB Group (UK) Plc FBN Bank (UK) Ltd Airdrie Savings Bank FCE Bank Plc Al Rayan Bank PLC FCMB Bank (UK) Limited Aldermore Bank Plc Alliance Trust Savings Limited Gatehouse Bank Plc Alpha Bank London Limited Ghana International Bank Plc ANZ Bank (Europe) Limited Goldman Sachs International Bank Arbuthnot Latham & Co Limited Guaranty Trust Bank (UK) Limited Atom Bank PLC Gulf International Bank (UK) Limited Axis Bank UK Limited Habib Bank Zurich Plc Bank and Clients PLC Habibsons Bank Limited Bank Leumi (UK) plc Hampden & Co Plc Bank Mandiri (Europe) Limited Hampshire Trust Bank Plc Bank Of America Merrill Lynch International Limited Harrods Bank Ltd Bank of Beirut (UK) Ltd Havin Bank Ltd Bank of Ceylon (UK) Ltd HSBC Bank Plc Bank of China (UK) Ltd HSBC Private Bank (UK) Limited Bank of Cyprus UK Limited HSBC Trust Company (UK) Ltd Bank of Ireland (UK) Plc HSBC UK RFB Limited Bank of London and The Middle East plc Bank of New York Mellon (International) Limited, The ICBC (London) plc Bank of Scotland plc ICBC Standard Bank Plc Bank of the Philippine Islands (Europe) PLC ICICI Bank UK Plc Bank Saderat Plc Investec Bank PLC Bank Sepah International Plc Itau BBA International PLC Barclays Bank Plc Barclays Bank UK PLC J.P. -
Asset Detail Acct Base Currency Code : USD ALL KR2 and KR3 - KR2GALLKRS00 As of Date : 6/30/2019 Accounting Status : REVISED
Asset Detail Acct Base Currency Code : USD ALL KR2 AND KR3 - KR2GALLKRS00 As Of Date : 6/30/2019 Accounting Status : REVISED Mellon Security Base Market . Shares/Par Security ID Description Value Grand Total 214,322,571,803.0.. 18,225,768,088.54 ALTERNATIVE INVESTMENTS 395,539,667.780 395,539,665.78 ARROWMARK FUND I 177,577,920.000 177,577,920.00 BLACKSTONE STRAT OPP 5,629,722.370 5,629,722.37 CREDIT SUISSE 11,723,723.940 11,723,723.94 GOTHAM NEUTRAL STRATEGIES 18,271,927.600 18,271,927.60 GOVERNORS LANE FUNDÉÉÉÉÉÉÉÉ 30,370,085.220 30,370,085.22 H2O ALPHA-10 FUND 23,983,801.350 23,983,801.35 LUXOR CAPITAL PARTNERS OFFSHORE LTDD 2,221,195.350 2,221,195.35 MAGNETAR MTP EOF II 47,074,425.620 47,074,425.62 MYRIAD OPPORTUNITIES 61,672,371.480 61,672,371.48 NORTHERN TRUST LITIGATION CREDIT 2.000 0.00 PINE RIVER FUND LTD 366,473.900 366,473.90 SRS PARTNERS USÉÉÉÉ 11,729,989.490 11,729,989.49 TRICADIA SELECTÉÉÉÉ 4,918,029.460 4,918,029.46 CASH & CASH EQUIVALENTS 901,268,217.160 887,047,810.08 BLACKROCK MONEY MARKET FD B 90.160 90.16 CANTOR REPO A TRI REPO 2.450% 07/01/2019 DD 06/28/19 691,600,000.000 691,600,000.00 CASH COLL WITH STATE STREET 60,000.000 60,000.00 CNH/USD SPOT OPTION 2019 CALL JUL 19 007.000 ED 071119 14,130,000.000 42,390.00 EB TEMP IVN FD VAR RT 12/31/49 FEE CL 12 182,143,127.000 182,143,127.00 FORD MTR CR CO DISC 11/25/2019 636,000.000 609,606.00 FORD MTR CR CO DISC 12/04/2019 2,762,000.000 2,685,469.58 SECURITIES LENDING POOL 0.000 0.00 U S TREASURY BILL 0.000% 07/02/2019 DD 05/07/19 6,422,000.000 6,408,684.73 U S TREASURY