Search Results for 'Bank'

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 [...]

Posted On : Jun, 02 2011 | Comments : 0

Global Investment Banks Stumbling in China01 Jun 2011

June 1, For many international investment banks the A-share market is an appetizing prospect, but they are realizing that it is not that easy to bite in to as domestic companies prove effective competitors. China led the world in initi [...]

Posted On : Jun, 01 2011 | Comments : 0

South Korea Probes Foreign Banks

South Korea said Tuesday it would step up monitoring of foreign banks operating in the country after finding cases of improper outsourcing of key trading operations. The move marks the latest step in the nation's efforts to contain po [...]

Posted On : May, 31 2011 | Comments : 0

UAE c.bank urges banks to reduce lending rates - paper

Banks in the United Arab Emirates should bring down interest rates on loans as much as possible since they are awash with liquidity, a daily on Monday quoted the country's central bank governor as saying. Bank deposits in the world [...]

Posted On : May, 30 2011 | Comments : 0

Banks cancels thousands of credit cards fearing fraud

The Commonwealth Bank, Westpac, St George, and National Australia Bank have all either blocked or cancelled credit cards following the breach. In a statement this morning, the Commonwealth Bank said it had used SMS, email an [...]

Posted On : May, 27 2011 | Comments : 0

Banks Lead Europe Higher; Shanghai Falls

European stocks closed slightly higher Wednesday, clambering out of the red after credit-ratings firm Fitch Ratings said it doesn't foresee any rating action on German banks as a result of their exposure to Greece. In Asia, most ma [...]

Posted On : May, 26 2011 | Comments : 0

UPDATE: S&P Warns Of Profit Squeeze For China's Banks

China's moves to tighten monetary policy and contain credit risks could significantly weaken bank profitability in the next few years, and may lead to a sharp rise in bad assets, Standard & Poor's said Wednesday. The ratings ag [...]

Posted On : May, 25 2011 | Comments : 0

Royal Bank of Canada, National Bank May Raise Dividends as P...

Royal Bank of Canada (RY) and National Bank of Canada (NA) may be among lenders that boost dividends when they begin reporting higher second-quarter earnings tomorrow, analysts said. Royal Bank, Canada’s largest lender, may lift its [...]

Posted On : May, 24 2011 | Comments : 0

Banks on track for loan target, SME lending muted

The banks' gross lending facilities amounted to 47.3 billion pound in the first three months under the "Project Merlin" agreement, data published on the Bank of England's website showed Monday. This was roughly in line w [...]

Posted On : May, 23 2011 | Comments : 0

CertusBank Buys Two Failed Lenders as 2011 Bank Toll Reaches...

CertusBank, a South Carolina lender run by former Bank of America Corp. and Wachovia Corp. executives, acquired two shuttered Georgia lenders and Columbia Banking System Inc. (COLB) bought one in Washington as property price declines cont [...]

Posted On : May, 21 2011 | Comments : 0

Regulator urges China banks to lend more to small businesses

Liu Mingkang, the chairman of the China Banking Regulatory Commission, told the Lujiazui Forum, an annual gathering of top Chinese financial officials and executives, that big Chinese companies were leaving banks as they can seek funds fr [...]

Posted On : May, 20 2011 | Comments : 0

SBI's associate banks make up for its profit slump

The State Bank of India's associates reported a 34% rise in net profit in the quarter ended March compared with the previous fiscal , even as the country's largest lender's net plummeted due to higher provisioning for bad loan [...]

Posted On : May, 19 2011 | Comments : 0

Investment banks emerging as a force to reckon with

Jyothy Laboratories' deal is outand-out a brainchild of Ramprasad. No Goldman or Merrill could ever think of doing such a deal in this country," says an investment banker who wanted to be a part of that deal. That transaction was [...]