Blogs Posts in Banks category; 469 blog posts

MCB Bank wins CFA awards

The MCB Bank has proven its great success as it stands tall by winning not one, but two precious awards for “The Best Bank of the Year” and “The Most Stable Bank of the Year” by the Chartered Financial Analyst Asso [...]

Posted On : Jul, 05 2011 | Comments : 0

S.&P. Warns Bank Plan Would Cause Greek Default

Greece risks being judged in default on its debt obligations if banks are forced to bear part of the pain, Standard & Poor’s said Monday, suggesting that current proposals for rescuing the euro zone’s weakest member may have t [...]

Posted On : Jul, 04 2011 | Comments : 0

Auto and bank stocks attract MFs at cheaper valuations

Fund houses prefer value-based buying during June correction in equity markets. Fund managers are back to buying banking and automobile stocks, after a steep correction this month made valuations cheaper and hence attractive. The prefe [...]

Posted On : Jun, 30 2011 | Comments : 0

Islamabad banks on domestic borrowing for budget deficit

Islamabad is banking on domestic borrowing to finance an over Rs.1 trillion budget deficit, an official said. The government is relying on domestic borrowing after it failed to get $1.2 billion through international bonds and coalition su [...]

Posted On : Jun, 29 2011 | Comments : 0

Deutsche Bank CEO: No Solution on Greece Yet - Reuters

Banks are working with European governments to consider the accounting impact of a Greek debt restructuring but a solution has yet to be found for Greece, Deutsche Bank AG (DB) Chief Executive Josef Ackermann told a conference organized b [...]

Posted On : Jun, 28 2011 | Comments : 0

Deutsche Bank, UniCredit May Have to Raise Additional Capita...

Deutsche Bank AG (DBK), Germany’s biggest lender, and UniCredit SpA (UCG) are among European banks that may have to raise additional capital after regulators dismissed lenders’ threats that stiffer rules may stunt economic gro [...]

Posted On : Jun, 27 2011 | Comments : 0

Banks utilise deposits in treasury securities

Banks have been utilizing bulk of their deposits collected over the past 18-24 months in treasury securities as the government continues to raise funds at relatively attractively yields, banking experts said. According to them, this cont [...]

Posted On : Jun, 20 2011 | Comments : 0

U.K. Bank Revamp Is a Leap in the Dark

George Osborne has taken a major gamble. The U.K. chancellor of the exchequer's decision to endorse a half-formed proposal to force banks to separate their U.K. retail operations from their investment-banking arms is a leap in the dar [...]

Posted On : Jun, 17 2011 | Comments : 0

SBP, banks & SCI-Pak to develop network

The State Bank of Pakistan, commercial banks and SCI-Pak may jointly develop an Energy & Resource Efficient (E&RE) network/ platform to address the financial needs of Small & Medium Enterprises (SMEs). This consensus was arrived at a Roun [...]

Posted On : Jun, 16 2011 | Comments : 0

TEXT-Fitch upgrades various Panamanian banks

Following the recent rating action taken on Panama, Fitch Ratings has today upgraded the ratings of various Panamanian banks. On June 2, 2011, Fitch upgraded Panama's Sovereign Issuer Default Ratings (IDRs) to 'BBB' and its co [...]

Posted On : Jun, 15 2011 | Comments : 0

Merlin targets 'to deal with low loan volumes'

More loans are being granted thanks to the work carried out in the Project Merlin accord, it is claimed. An article in today's (June 13th) Financial Times suggests this places the country's biggest banks on target to beat the rat [...]

Posted On : Jun, 14 2011 | Comments : 0

U.S. banks prepare to lower use of Treasuries

The decision comes as a precaution against any turbulence that could follow if conflicting Republicans and Democrats fail to increase soon the U.S. debt ceiling, the newspaper said, citing a senior bank chief. The report did not provide n [...]

Posted On : Jun, 13 2011 | Comments : 0

US banks lose Senate vote on capping card fees

The legislation - part of a larger financial oversight law - will allow the Federal Reserve to cap the fees. Banks currently charge an average 44 cents per transaction, but the Fed has proposed slashing this to 12 cents. Banks had hope [...]

Posted On : Jun, 09 2011 | Comments : 0

Local banks defraud FBR of Rs19 bn in taxes

The Federal Board of Revenue (FBR) has collected a sum of Rs1,310 billion as tax in 11 months, which is an all-time record. In the month of May alone, a sum of Rs160.5 billion was collected against a target of Rs152.8 billion. This w [...]