Search Results for 'Bank'

Dubai takes over troubled Dubai Bank

Dubai’s government took control of troubled Islamic lender Dubai Bank on Monday to stave off a potential collapse that would undermine the emirate’s banking sector. Dubai, which is struggling to emerge from a debt crisis, s [...]

Posted On : May, 17 2011 | Comments : 0

PSU banks on hiring spree, to recruit 45,000 personnel in FY...

Faced with human resource crunch public sector banks are planning to hire about 45,000 personnel during 2011-12 to meet workforce requirement. "Approximately 45,000 officers and staff would be recruited by (nationalised) banks thi [...]

Posted On : May, 16 2011 | Comments : 0

WRAPUP 2-Japan banks post Q4 losses, shares fall on TEPCO pl...

Mizuho Financial Group and Sumitomo Mitsui Financial Group expect core lending activities to remain sluggish this year, with little clarity so far about the strength of demand for loans related to earthquake reconstruction efforts. Sha [...]

Posted On : May, 14 2011 | Comments : 0

Bank of Korea holds rates, wrong-foots markets yet again

Inflation is running well above the bank's 4 percent upper target, despite a slight fall in April, and consumers expect it to remain there, indicating that the central bank had failed to anchor expectations after it and the government [...]

Posted On : May, 13 2011 | Comments : 0

2-U.S. banks and states meeting on foreclosure probe

U.S. state attorneys general are pressing five large banks to reduce loan balances for troubled borrowers as part of a settlement over mortgage servicers' foreclosure practices. The two sides -- which include Bank of America Corp ( [...]

Posted On : May, 12 2011 | Comments : 0

Banks set to tighten borrowing requirements

Despite a recent International Monetary Fund (IMF) projection that Africa’s growth could hit 5.5 per cent this year, Kenya’s economic outlook, on the contrast, looks bleak. A combination of factors appear to be dampening th [...]

Posted On : May, 10 2011 | Comments : 0

NCP banks ensure their money is safe

The NCP, which holds sway at Maharashtra State Cooperative Bank (MSCB) perhaps knew what was in store for the bank. Even before NABARD submitted a report to the state government damning the bank, five district central cooperative banks (D [...]

Posted On : May, 09 2011 | Comments : 0

U.S. Closes Florida's Coastal Bank

U.S. regulators announced the failure of a Florida bank, pushing the total number of bank failures in the U.S. this year to 40 and the number in Florida to five. The Federal Deposit Insurance Corp. said Coastal Bank of Cocoa Beach, Fla [...]

Posted On : May, 07 2011 | Comments : 0

Banks' results reflect rising mortgage stress

An increase in mortgage arrears in the first half of this year was revealed this week in the interim reporting season for three of the big four banks. The trend could damage the banks' blue-chip mortgage books. The reporting season [...]

Posted On : May, 06 2011 | Comments : 0

L.A. Blames Bank for Foreclosure Blight

The city attorney of Los Angeles filed a civil complaint Wednesday against Deutsche Bank AG, alleging it allowed hundreds of foreclosed residential properties to fall into such disrepair as to become public nuisances. The lawsuit in [...]

Posted On : May, 05 2011 | Comments : 0

RBI's hawkish policy stance to hit auto firms, banks

The RBI Governor, D. Subbarao announced a steep 50 basis points hike in key short-term rates on Tuesday, as the central bank stepped up its fight against the inflation beast. The latest monetary tightening by the RBI reflects a change fro [...]

Posted On : May, 04 2011 | Comments : 0

Deutsche Bank boosted by retail division

Germany’s largest bank by assets earned net income of €2.1bn ($3.1bn) in the first three months of the year. Pre-tax profits from operating businesses were €3.5bn, with a record quarterly contribution from retail banking a [...]

Posted On : Apr, 28 2011 | Comments : 0

Pakistan’s United Bank Profit Rises 24% on Higher Loan Incom...

United Bank Ltd., Pakistan’s third- biggest lender by assets, said first-quarter profit rose 24 percent because of higher income from loans. Net income on a consolidated basis rose to 3.4 billion rupees ($40 million), or 2.78 rupees [...]

Posted On : Apr, 27 2011 | Comments : 0

Swiss Bond Sales Boom as Banks Diversify Funding: India Cred...

After a 24-year hiatus, Indian companies are poised to raise almost $1 billion of Swiss franc- denominated bonds, about a quarter of total overseas borrowing in 2011, as demand rises among European investors. State-owned IDBI Bank L [...]