Search Results for 'Banks'

Banks asked to help develop economy

The Pakistan Economy Watch (PEW) on Sunday said banks should play role in development of economy while government should limit borrowings to pave way for affordable private sector credit. Pakistan was not formed for banks rather ba [...]

Posted On : Nov, 22 2010 | Comments : 0

Regulators close 3 banks in Fla, Pa, Wis

Regulators have shut down three banks in Florida, Pennsylvania and Wisconsin, lifting to 149 the number of U.S. banks that have failed this year as soured loans have piled up and the economy has limped. The Federal Deposit Insurance [...]

Posted On : Nov, 20 2010 | Comments : 0

Fresh Loan Woes Buffet Irish Banks

Seven weeks after Irish officials declared they had a handle on the country's banking crisis, an international panel is putting the country's financial sector under the microscope—and will find that things have gotten worse [...]

Posted On : Nov, 18 2010 | Comments : 2

Chinese banks still lending to developers

China's largest banks have not stopped making new loans to property developers but are keeping such loans at low levels, executives from some of the lenders said yesterday to refute a report in a state-run newspaper. Chinese ban [...]

Posted On : Nov, 16 2010 | Comments : 0

Banks 'in talks to slash bonuses'

Britain's biggest banks are believed to be in talks about reducing the multibillion-pound staff bonus pot. Negotiations about cuts to around £7 billion of payouts already earmarked for the new year are being steered by the Brit [...]

Posted On : Nov, 15 2010 | Comments : 0

Banks borrow Rs 118k cr, say liquidity situation improving

Owing to tight liquidity situation in the system, bankers have gone for Rs 1,18,570 crore of weekend borrowing from the Reserve Bank of India on Friday. The banks had borrowed borrowed Rs 1,21,065 crore on Thursday. The average borrowing [...]

Posted On : Nov, 13 2010 | Comments : 0

Banks’ service charges not to be more than Rs 50

The State Bank of Pakistan (SBP) has directed all banks not to charge more than Rs 50 per month as service charges from their regular PLS account holders on maintaining balance below the minimum monthly average balance. It has been broug [...]

Posted On : Nov, 12 2010 | Comments : 0

China Said to Lift Reserve Ratio Twice for Some Banks

China raised reserve requirements for some banks twice yesterday, taking the total increase to 100 basis points for a few lenders, said two people with direct knowledge of the situation. China ordered some lenders, including Bank of [...]

Posted On : Nov, 11 2010 | Comments : 0

Small banks crack down on mortgage lending

Even with interest rates at historic lows, you might still have a hard time getting a mortgage: Small banks have tightened standards when it comes to lending to homebuyers, according to a survey issued Monday. After easing their standard [...]

Posted On : Nov, 09 2010 | Comments : 0

Some banks may go slow on teaser home loans

Banks are starting to fall in line with the Reserve Bank of Indiaâ€™s position on so-called teaser home loans. Even as the countryâ€™s largest lender State Bank of India (SBI) stood its ground, several o [...]

Posted On : Nov, 04 2010 | Comments : 0

Time to boycott the big four banks, say retailers after late...

A FEDERATION of small businesses will roll out a campaign to boycott the big four banks, after the Commonwealth Bank increased its standard variable interest rate by almost double that of the Reserve Bank. The Reserve Bank yesterday [...]

Posted On : Nov, 03 2010 | Comments : 0

Home Loan Banks Post Profits

All of the 12 regional Federal Home Loan Banks reported positive net income during the third quarter, reflecting fewer write-downs on mortgage-backed securities. The banks reported combined net income of $732 million for the quarter, com [...]

Posted On : Oct, 30 2010 | Comments : 0

ANZ says Coalition's Joe Hockey appears to have a personal v...

The bank boss also stepped up his attack on opposition treasury spokesman Joe Hockey, saying he appeared to be on “some kind of personal vendetta” with his “bank bashing”. Mr Smith's attack came as Coalition b [...]

Posted On : Oct, 28 2010 | Comments : 0

Earnings of banks, auto, steel sectors

Dubai’s Emirates NBD bank posted a 60 percent drop in third quarter net profits on Monday, as it increased provisions for bad loans, including its exposure to Dubai World. The largest bank in the United Arab Emirates by assets said [...]