Asian and European stock markets mostly rose Friday, extending a global rally, as traders welcomed a multi-billion-dollar show of support for troubled banks aimed at soothing concerns about contagion in the sector.

The council member says no particular challenges are 'reminiscent of the crisis in 2007 and 2008.'

Tyler Winklevoss told IBTimes how Gemini Bitcoin exchange could have a positive effect on the industry.

Market watchers predict banks from China or India might be first into Iran but Germany also looks like a contender.

Stake sale could help New Delhi rake in a little over $14bn.

Basel III is tougher global regulatory standard on bank capital adequacy, stress test and market liquidity risk.

Stronger balance sheet will help BoC meet tough Basel III norms.

AT1 market for Indian banks remains untested, and new features may introduce retail investors to riskier asset class.

With Narendra Modi government cutting fiscal deficit, banks will have to tap market for capital.

Fitch predicts Indian banks' capital pressures will rise as Basel III approaches.

Survey shows that Asia continues to dominate in world trade.

ICC says trade finance banks should face toned down regulation to reflect their lower risk profile

Shanghai-listed medium-sized Chinese lender proposes to float 3.4 billion shares in HK.

Burial place of several royal children discovered inside tomb KV 40 near city of Luxor.

Ansis Grasmanis, CFO, speaks to IBTimes TV about balancing regulatory and cyber security burdens with costs.

Ansis Grasmanis, CFO, speaks to IBTimes TV about balancing regulatory and cyber security burdens with costs

Bank of England governor says banks must accept stricter capital rules to protect them from collapse.

However, Forensic Asia report says HSBC need to inject £70bn of capital by 2020.

Ex-Barclays investment chief returns just six months after claiming he was 'retiring'.

Hong Kong-based research firm says bank has overstated its assets by £50bn.

Regulators still not decided on final leverage ratio to backstop banks during a financial crisis.

Diamond, who quit Barclays amid the Libor-fixing furore, will manage Africa-focused Atlas Mara.

Governor Mark Carney welcomes review which could see BoE apply tighter leverage ratio rules than Basel demands.

BPCE is the first big bank in France to announce a strategic plan following the euro zone crisis.

European official Thomas Wieser calls for bank bail-in rules from 2016

Annual IMF/World Bank meeting in Washington DC highlights importance of making banks stronger through reforms.

European authorities are trying to find ways to deal with the eurozone's riskiest banks

Paul Tucker makes last appearance at Treasury Select Committee.

Barclays bank offered existing shareholders discount shares to raise required capital.

Housing activity is below historical averages concludes BoE Financial Policy Committee in September meeting minutes.