Search Results for 'Bank'

JPMorgan upgrades State Bank of India to neutral

JPMorgan raised State Bank of India , the country's top lender, to "overweight" from "neutral", citing regulatory relief from higher provisioning norms and positives from teaser loan withdrawal. It also raised its [...]

Posted On : Apr, 25 2011 | Comments : 0

SBI hires 10 banks for $300-m loan

State Bank of India hired 10 banks to help it borrow $300 million in a three-year loan. Other lenders are being invited to join the facility in general syndication and responses are due on May 27, a source said. Banks offering to co [...]

Posted On : Apr, 22 2011 | Comments : 0

Big banks operate five clearing systems

All banks and other deposit-taking institutions operating in Australia use up to five payments clearing systems to process and settle transactions. These include cash, real-time transactions such as those conducted over EFTPOS and ATMs, [...]

Posted On : Apr, 21 2011 | Comments : 0

China to designate RMB clearing bank in Singapore

The People's Bank of China ( PBOC) will designate a Chinese bank in Singapore to undertake the clearing of Renminbi trade, Singapore's Senior Minister Goh Chok Tong has said. "China has to, over time, internationalize t [...]

Posted On : Apr, 19 2011 | Comments : 0

WSJ: European Bank Shares Hit By Renewed Worries

European stocks slid, fuelled by negative news in the global banking sector and new worries about Greek debt. The pan-European Stoxx 600 index ended 0.5% lower at 277.01. The U.K.'s FTSE 100 index slid 0.8% to 5963.80. (This story an [...]

Posted On : Apr, 15 2011 | Comments : 0

Sensex, Nifty on a high; banks, auto up

The markets have bounced back strongly on the back of fresh buying in auto and capital goods indices. At 11.10 am, the Sensex was trading 186.44 points higher at 19,448.98 and the Nifty gained 51.60 points to trade at 5,837.30. The [...]

Posted On : Apr, 13 2011 | Comments : 1

Hong Kong banks slapped with credit warning

The Hong Kong Monetary Authority (HKMA) — the city’s de facto central bank — on Monday issued a circular to banks, saying it was “necessary” for the regulator to step up monitoring of the lenders’ busi [...]

Posted On : Apr, 12 2011 | Comments : 0

South Korea’s Household Bank Lending Rises to a Record in Ma...

South Korea’s bank lending to households rose to a record in March as people took out more mortgage loans to buy homes. Lending to households increased by 1.7 trillion won ($1.6 billion) last month to 434.1 trillion won after a rev [...]

Posted On : Apr, 11 2011 | Comments : 0

NRSP launches microfinance bank

The National Rural Support Programme (NRSP) has launched a fully regulated, deposit taking privately owned microfinance bank. The bank licensed by the State Bank of Pakistan will operate nationwide—in partnership with Acumen Fund, [...]

Posted On : Apr, 06 2011 | Comments : 0

Federal Reserve Must Face Bank Suit Over Credit Card Fee Rul...

Federal Reserve Chairman Ben S. Bernanke lost a bid to end a bank lawsuit challenging the legality of forthcoming rules limiting the amount of money the largest U.S. banks can collect for debit card transactions. U.S. District Judge [...]

Posted On : Apr, 05 2011 | Comments : 0

Just two banks left standing after clear-up

The fifth attempt to clear the mess of years of reckless lending by Irish bankers slashes the homegrown finance industry to just two institutions. Bank of Ireland, the oldest in the country, is in a struggle to avoid the fate of its comp [...]

Posted On : Apr, 02 2011 | Comments : 0

Foreign Banks Tapped Fed’s Secret Lifeline Most at Crisis Pe...

U.S. Federal Reserve Chairman Ben S. Bernanke’s two-year fight to shield crisis-squeezed banks from the stigma of revealing their public loans protected a lender to local governments in Belgium, a Japanese fishing-cooperative finan [...]

Posted On : Apr, 01 2011 | Comments : 0

Stress tests to reveal extra funds needed by Irish banks

The Minister for Finance will propose a ground-breaking restructuring of the banks today as the results of Central Bank stress tests will signal the virtual nationalisation of the Irish banking sector. The results of the tests will lead [...]

Posted On : Mar, 31 2011 | Comments : 0

Bank Alfalah posts impressive earnings

Bank Alfalah, which has successfully carved a respectable name in the banking industry of the country, posted a profit before provision and taxation of Rs.5.604 billion during 2010. The financial performance of the bank were presented by [...]