Blogs Posts in Banks category; 469 blog posts

Commercial banks seen cutting rates by 50 bps

Analysts were split over whether Pakistan’s central bank on Wednesday would cut interest rates by 50 basis points to promote economic growth amid easing inflation, analysts polled by Reuters said. Six of the 11 analysts polled ex [...]

Posted On : Nov, 29 2011 | Comments : 0

Central Banks Ease Most Since '09 to Avert Europe-Led Slump?

Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe’s sovereign-debt turmoil. The U.S., the U.K. and nine other nations, [...]

Posted On : Nov, 28 2011 | Comments : 0

Banks Build Contingency for Breakup of the Euro

For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen. But some banks are no longer so sure, especially as [...]

Posted On : Nov, 26 2011 | Comments : 0

Rupee inches up as PSU banks sell dollars

In order to stem the growth of the strengthening dollar, state run banks started selling dollars around 52.55 per dollar levels on behalf of the Reserve Bank, reports CNBC-TV18 quoting sources. Dealers are also saying that non-public sect [...]

Posted On : Nov, 24 2011 | Comments : 0

Europe’s Banks Relying on Money From E.C.B.

Banks clamored for emergency funds from the European Central Bank on Tuesday, borrowing the most since early 2009 in a clear sign that the euro region’s financial institutions are having trouble obtaining credit at reasonable rates [...]

Posted On : Nov, 23 2011 | Comments : 0

World Bank Says Asia Has Room for Stimulus to Limit Europe H...

Most Asian nations have room to use fiscal stimulus to protect their economies from a deterioration of the European debt crisis that may have “substantial” spillovers on the region, the World Bank said. Developing East Asia [...]

Posted On : Nov, 22 2011 | Comments : 0

Banks put the bounce on bad pubs

Banks are also considering appointing their own managers at unruly pubs under tough new lending rules to shield themselves from losses caused by the state government crackdown. Under the new rules due to become law before the end of the y [...]

Posted On : Nov, 19 2011 | Comments : 0

Bank's stark warning on household lending raises new credit ...

Fears of a further credit crunch intensified last night after a stark warning that British banks are struggling to raise money for loans to households and businesses. The Bank of England said the crisis in the eurozone and slowdown in the [...]

Posted On : Nov, 17 2011 | Comments : 0

Banks' deposits with ECB up but off recent peaks

Euro-zone banks' overnight deposits with the European Central Bank rose somewhat Friday but were off the recent peaks, while markets are watching closely the ECB's weekly data on government bond purchases due later Monday and the [...]

Posted On : Nov, 14 2011 | Comments : 0

Banks to dump more Italian debt: IFR

Still reeling from heavy losses on money they lent to Greece, lenders are keen not to make the same mistake twice. Then, under the pressure of governments and a hope that credit default swaps would protect them against heavy losses, they [...]

Posted On : Nov, 12 2011 | Comments : 0

Key and Banks take tea in Epsom

National Party leader John Key and Act's Epsom candidate John Banks have sat down for a symbolic 'cup of tea'. Key met with Banks to indicate his support for the Act candidate over his own National candidate, Paul Goldsmith. T [...]

Posted On : Nov, 11 2011 | Comments : 0

Bank Capital Rules Backed

Facing down bankers unhappy over rising capital requirements, a top regulator defended stronger standards for the biggest financial firms and rejected claims that new rules are adding excessively to market uncertainty. Federal Reserve [...]

Posted On : Nov, 10 2011 | Comments : 0

U.S. Banks Pull Back on Europe Lending, Survey Shows

U.S. banks tightened their standards for loans to European banks and fewer relaxed lending standards to businesses in the third quarter, the Federal Reserve said Monday. The Fed's quarterly senior-loan-officer survey, based on 51 d [...]

Posted On : Nov, 08 2011 | Comments : 0

Bank Transfer Day: Marches Planned on Banks Nationwide

Today is Bank Transfer Day -- a deadline of sorts to a movement calling for people to shift their funds from for-profit banking institutions to not-for-profit credit unions before Nov. 5. More than 82,000 people have RSVPed to the move [...]