BRIEF-Northrim Bank promotes Schierhorn to president, CEO
* Northrim Bank promotes Schierhorn to president and CEO; Beedle remains chairman Source text for Eikon: Further company coverage:
OSLO, March 28 Norway's Financial Supervisory Authority (FSA) proposed regulations on Tuesday to limit the amount of credit card debt and other high-interest loans that banks can grant to individuals, the regulator said in a statement.
** These forms of consumer debt grew by 15 percent in 2016
** The rules compliment recent changes in regulations intended to limit the rise of Norwegian mortgage debt
** The FSA proposal would cap overall loans, including consumer loans and mortgage debt, at five times the gross annual income of the borrower
** The guidelines will apply to Norwegian banks as well as to units of foreign banks operating in Norway
** The proposal will now be sent for a round of consultations, with an April 19 deadline, the FSA added (Reporting by Terje Solsvik, editing by Camilla Knudsen)
WELLINGTON, June 27 New Zealand's stock exchange NZX said on Tuesday that it was planning to carry out a review that would likely result in merging its three equity markets into one.