Search Results for 'Banks'

Banks say they have issued notices to defaulters

At the same time, they said that decisions to write off loans had been taken after all remedies for their recovery had been exhausted. The meeting, presided over by SBP Governor Shahid H. Kardar, was convened to work out a plan in respon [...]

Posted On : Oct, 26 2010 | Comments : 0

Fitch May Cut Banks' Ratings

Bank of America Corp. and Citigroup Inc. may have their credit ratings cut by Fitch Ratings because of new rules governing the way the Federal Deposit Insurance Corp. supports financial institutions that pose a threat to the health of th [...]

Posted On : Oct, 23 2010 | Comments : 0

Asian Shares Mixed; Banks, Brokerages Fall In China

Asian stock markets were mixed Thursday, with some exporters in Tokyo reversing early losses as the yen eased off from early highs, while banks and brokerages fell in Shanghai after data showed China's economy slowed in the third qua [...]

Posted On : Oct, 21 2010 | Comments : 0

Banks’ Yuan Debt Costs 30% Cheaper in Hong Kong: China Credi...

Banks are paying about 30 percent less interest on yuan-denominated debt sold in Hong Kong than they pay in Shanghai as faster currency appreciation fuels overseas demand for the securities. The average yield in the city is 1.77 per [...]

Posted On : Oct, 20 2010 | Comments : 0

Banks respond to state

Wells Fargo and Co. said yesterday that they have responded to the N.C. Attorney General’s Office regarding information on their foreclosure procedures. Roy Cooper, North Carolina’s attorney general, requested last week [...]

Posted On : Oct, 13 2010 | Comments : 0

Bank Of China To Sign Pacts With 4 Taiwanese Banks

Bank of China Ltd. (3988.HK) will sign memorandums of understanding on Chinese yuan settlement services and staff training with four Taiwanese banks by the end of this month, the Apple Daily reported Monday without citing any sources. [...]

Posted On : Oct, 11 2010 | Comments : 0

Banks Breaks Down At Inquest

Auckland Mayor John Banks today pleaded tearfully with fathers to speak with their sons when he spoke at the inquest into the death of James Webster, who had been drinking with Mr Banks' son the night before he died. Alexander B [...]

Posted On : Oct, 07 2010 | Comments : 0

Central Banks Open Spigot

The developed world's central banks are moving—at varying speeds and intensity—to respond to a weak recovery, reduce the risks of a global deflation and restrain their currencies from rising against those of their trading [...]

Posted On : Oct, 06 2010 | Comments : 0

South Korea to Audit Banks Handling Foreign Currency

South Korean regulators plan to examine holdings of foreign-exchange derivatives at banks after the won gained more than any other Asian currency in the past three months. The Bank of Korea and the Financial Supervisory Service will [...]

Posted On : Oct, 05 2010 | Comments : 0

Australian Banks Fight Back Against Criticism Over Independe...

Australian lenders are fighting back against criticism that their lending rates may be increased beyond the scope of the official rise in interest rates undertaken by the Reserve Bank of Australia, which could take place as early as next [...]

Posted On : Oct, 04 2010 | Comments : 0

Why are we bailing out the banks?

Because of the bank guarantee introduced two years ago, the fate of Ireland as a sovereign country is now embroiled with the fate of the banks. The argument about whether the guarantee should have been introduced has been well played out [...]

Posted On : Oct, 01 2010 | Comments : 0

Central banks face crisis of confidence

Central banks around the world are facing the worst crisis of confidence since the 1930s, as investors, households and firms question their commitment and ability to deliver price stability. Whether it is inflation or deflation, outsider [...]

Posted On : Sep, 30 2010 | Comments : 0

Asian Central Banks Keep Up Intervention as Dollar Weakens

The central banks of South Korea, Singapore, Thailand and Indonesia were suspected of intervening in foreign exchange markets Wednesday to contain gains in their currencies, but analysts say the continued weakness of the U.S. dollar mean [...]

Posted On : Sep, 29 2010 | Comments : 0

Banks shouldn't be allowed to float infra bonds: IDFC chief

nfrastructure Development Finance Corporation (IDFC) has said that banks should not be allowed to raise money through tax-saving infrastructure bonds — a facility which banks have been lobbying for. This was indicated by IDFC manag [...]