Blogs Posts in Banks category; 462 blog posts

China Banking Shares Rise on Reserve Ratio Cut: Hong Kong Mo...

Feb. 20 (Bloomberg) -- Chinese banking shares climbed after the central bank reduced the proportion of deposits they must set aside, cutting the ratio for the second time in three months to fuel lending and sustain economic growth. Ind [...]

Posted On : Feb, 20 2012 | Comments : 0

World Bank’s role

Robert Zoellick has been a steadying force at the World Bank since he took over in 2007, after the abrupt departure of Paul Wolfowitz in an ethics scandal. He has restored a sense of pride and shared mission in an institution created 68 y [...]

Posted On : Feb, 17 2012 | Comments : 0

Banks and industrials lead rally for stocks after Greek cost...

Investors shook off their worries about Greece on Monday and got back to their routine of little-by-little gains. The Dow Jones industrial average climbed 73 points — nothing flashy, but enough to regain most of what it lost with an [...]

Posted On : Feb, 14 2012 | Comments : 0

Swiss banks seen as victims of own tradition

The banks had thought that they could always count on banking secrecy – a tradition that Switzerland still retains. Security, quality and trust… and banking secrecy. These are the qualities that have made the Swiss financial [...]

Posted On : Feb, 11 2012 | Comments : 0

RBS chief Stephen Hester tells bank staff to prove critics w...

Breaking his silence after the furore over his near £1m bonus and Fred Goodwin’s knighthood, Mr Hester emailed employees admitting that such political and media attention “makes the job harder”. Mr Hester waived hi [...]

Posted On : Feb, 08 2012 | Comments : 0

U.S. Banks Tally Their Exposure to Europe’s Debt Maelstrom

After a hurricane, homeowners check nervously to see if their insurance will cover all of their damages. With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is goi [...]

Posted On : Jan, 30 2012 | Comments : 0

Central Bank Becomes an Unlikely Hero in Euro Crisis

BERLIN — Throughout the month, countries caught in the eye of the European financial storm, including Italy, Spain and France, have repeatedly defied expectations, selling big batches of bonds to the public at interest rates signifi [...]

Posted On : Jan, 21 2012 | Comments : 0

Sensex maintains uptrend; banks, metals, power rally

The market continued to trade higher since the morning, led by power, metals, banks, auto and realty sectors. Reliance Industries and L&T too were playing supportive role. The Nifty sustained above the 5000 level quite nicely, which went [...]

Posted On : Jan, 19 2012 | Comments : 0

China banks lend RCOM $1.2bn

In a positive move for the debt-laden telecom major , Reliance Communications (RCOM) has tied up with a clutch of Chinese banks to refinance the maturity value of its outstanding FCCBs (foreign currency convertible bonds) worth $1.18 bill [...]

Posted On : Jan, 18 2012 | Comments : 0

Pakistan's banks face decline in credit quality

Dubai: The State Bank of Pakistan (SBP), Pakistan's central bank, has recently warned that the banks in the country are facing deteriorating credit quality despite a strong trend of banks investing heavily in government debt. Accor [...]

Posted On : Dec, 26 2011 | Comments : 0

European Banks Rush to Grasp Lifeline

Hundreds of euro-zone lenders took out €489.19 billion ($640 billion) in low-interest loans from the European Central Bank on Wednesday, as the currency area extended a massive financial lifeline to its struggling banking industry. [...]

Posted On : Dec, 22 2011 | Comments : 0

US money funds cut lending to EU banks

The biggest US money market funds have cut their lending to European banks to another record low while increasing their holdings of US government debt to levels reminiscent of those seen during the financial crisis. The 10 largest funds t [...]

Posted On : Dec, 21 2011 | Comments : 0

Banks to take a holiday

ANZ and National Australia Bank have warned customers not to expect payments to be processed through Christmas, in the latest inconvenience a week after a high-profile outage and a security flaw limited services. ANZ, in a note to custom [...]

Posted On : Dec, 19 2011 | Comments : 0

Banks tap more funding from ECB

Eurozone banks are increasingly tapping emergency central bank funding in a sign of growing problems in the region’s financial system. Eurozone banks deposited €346.4bn, the most since June 2010, at the European Central Bank on [...]