Blogs Posts in Banks category; 469 blog posts

UK bank stability drastically improves

The market's view of UK banks has drastically improved following the Government's offer of £50bn worth of liquidity and the assurance it will cover all inter-bank lending. The insurance market has been cautious of banks over the pas [...]

Posted On : Oct, 17 2008 | Comments : 0

World Bank warns on 'human crisis' of high food prices

World Bank president Robert Zoellick urged governments to act to contain a mounting "human crisis" today, as he warned that 44 million of the world's poorest people would be driven into malnutrition this year, as a result of high [...]

Posted On : Oct, 09 2008 | Comments : 0

Canada Stocks Rise, Led by Banks; CIBC, Bank of Montreal Gai...

Canadian stocks gained the most in a week, led by banks, after Canadian Imperial Bank of Commerce posted lower-than-estimated writedowns, stoking speculation that the worst of the credit crisis may soon be over for lenders. CIBC jum [...]

Posted On : Aug, 28 2008 | Comments : 0

Cardinal Bank and the U.S. Small Business Administration Par...

Cardinal Bank (NASDAQ:CFNL), in partnership with the U.S. Small Business Administration’s Richmond District Office, is pleased to announce it has provided financing under the Patriot Express Loan Initiative to business customers, Rich [...]

Posted On : Aug, 05 2008 | Comments : 0

C.bank guides yuan to high but consolidation seen

China's central bank guided the yuan to a new post-revaluation high against the dollar on Wednesday, apparently in an effort to create a positive climate for this week's round of high-level U.S.-China economic talks. But the yuan fell agai [...]

Posted On : Jun, 18 2008 | Comments : 0

European Stocks Fall, U.S. Futures Decline; B&B, HBOS Tumble...

European stocks fell for the first time in four days as Bradford & Bingley Plc said it will raise capital, reviving concern credit losses are spreading. U.S. index futures dropped, while shares in Asia rose. Bradford & Bingley tum [...]

Posted On : Jun, 02 2008 | Comments : 0

Carlyle Capital in default, on brink of collapse

Carlyle Capital Corp (CARC.AS: Quote, Profile, Research), an affiliate of private equity firm Carlyle Group, is in default on about $16.6 billion of debt and said its lenders would likely take possession of its remaining assets. The news p [...]

Posted On : Mar, 13 2008 | Comments : 0

Stocks pull off lows on bargain hunting

Wall Street closed mixed Tuesday, recuperating from a sharp plunge as investors snapped up bargain stocks on rumors that a bond insurer rescue plan is progressing and upbeat comments from Cisco Systems Inc. Earlier in the session, the mark [...]

Posted On : Mar, 05 2008 | Comments : 0

French bank details $7.2 billion loss

French bank Societe Generale described Sunday how one of its traders allegedly carried out a $7.2 billion (€4.9 billion) fraud, how the loss came to light and what it is doing to ensure such a case does not recur. art.police.afp.jpg [...]

Posted On : Jan, 28 2008 | Comments : 0

Samsung Profit Beats Estimates on Display Earnings

Samsung Electronics Co., Asia's largest semiconductor and flat-screen maker, posted a smaller drop in fourth-quarter profit than analysts estimated as liquid- crystal display earnings countered a decline in chip prices. Net income fe [...]

Posted On : Jan, 15 2008 | Comments : 0

Rate Cuts Seen More Likely Following Jobs Report

The odds of future interest rate cuts increased Friday after the release of weaker-than-expected December jobs data. February fed funds futures rose 0.03 points to 96.115, implying a 73% chance that the Federal Reserve will lower its targ [...]

Posted On : Jan, 05 2008 | Comments : 0

Dollar Trades Near One-Month High Versus Yen Before Fed Meet...

The dollar traded near a one-month high against the yen on speculation the Federal Reserve will limit the reduction in its benchmark interest rate to a quarter- percentage point tomorrow.The U.S. currency gained against the New Zealan [...]

Posted On : Dec, 10 2007 | Comments : 0

For Abu Dhabi and Citi, Credit Crisis Drove Deal

A falling dollar, a growing pile of oil revenue and an interest in not being overshadowed by neighboring Dubai’s increasingly high profile spurred Abu Dhabi to break with its low-key investing tradition to purchase a big $7.5 billion [...]

Posted On : Nov, 28 2007 | Comments : 0

Barclays Drops ABN Bid, Clearing Way for Royal Bank

Barclays Plc abandoned the six-month battle to buy ABN Amro Holding NV after investors failed to back its bid, clearing the way for Royal Bank of Scotland Group Plc and two partners to complete the biggest banking takeover.Royal Bank, Banco [...]