Search Results for 'Bank'

RBA Warns Australian Banks Lowering Mortgage Lending Standar...

The central bank is warning that Australian lenders have begun to lower their mortgage lending standards as they seek to achieve the turbo charged pre financial crisis growth rates, an objective the RBA says is unrealistic. The Rese [...]

Posted On : Mar, 28 2011 | Comments : 0

Cutting costs: SBP allows banks to send e-statements

In a notification issued on Thursday, SBP also asked banks to send SMS alerts to credit card holders’ mobile numbers, informing them that e-statements have been emailed. SMS alerts must also include vital billing information, inclu [...]

Posted On : Mar, 25 2011 | Comments : 0

China central bank further tightens liquidity in open market...

The People's Bank of China (PBOC), or the central bank, further tightened excessive liquidity stemming from Chinese banks this week through regular open market operations that ended Thursday. In its open market operations on Thursday [...]

Posted On : Mar, 24 2011 | Comments : 0

Bank of England’s Dale Says U.K.’s Economic Recovery is ‘Set...

Bank of England Chief Economist Spencer Dale said the U.K. recovery is likely to be sustained and investors expect global interest rates to increase faster than they forecast late last year. “The recovery in the U.K. looks set [...]

Posted On : Mar, 21 2011 | Comments : 0

State Bank to follow Supreme Court orders on loans write-off...

The central bank would follow the directives issued by the Supreme Court regarding loans write-off, said Shahid H Kardar, Governor, State Bank of Pakistan on Tuesday. The Supreme Court had directed the SBP to publish its suggestions rega [...]

Posted On : Mar, 16 2011 | Comments : 0

HDFC Bank hikes FD, lending rates

There's good news for those who are risk-averse and prefer to keep their money in bank fixed deposits (FDs). From Monday, HDFC Bank will pay a higher interest rate for FDs of more than 45 days. The bank has hiked FD rates by up to 10 [...]

Posted On : Mar, 14 2011 | Comments : 0

European bank tests to be softened: FT

European banking regulators will soften parts of bank stress tests despite claims that last year's results failed to uncover the scale of the Irish banking crisis, the Financial Times has reported. The new test will simulate the [...]

Posted On : Mar, 09 2011 | Comments : 0

FBR mulls hiking tax rate on banks to 40 percent

The Federal Board of Revenue (FBR) has planned to increase the rate of income tax on the banking sector because of higher spread between the deposit and lending rates in Pakistan compared with other countries, a senior tax official said [...]

Posted On : Mar, 08 2011 | Comments : 0

Southee banks on lessons learnt in subcontinent

New Zealand's horror run of results in the subcontinent over the last year has some benefits at least. Since the tri-series with India and Sri Lanka in Dambulla in August last year, New Zealand have lost 12 of 16 ODIs in Sri Lanka, B [...]

Posted On : Mar, 07 2011 | Comments : 0

Central Bank publishes list of bonds outstanding to banks

THE Central Bank yesterday attempted to clear up the discourse surrounding bank bondholders by publishing a full list of all bonds outstanding to Irish banks. The release confirmed that Irish banks owe bondholders more than €63bn, b [...]

Posted On : Mar, 03 2011 | Comments : 0

Central Bank releases N198bn power sector intervention fund

The Central bank of Nigeria (CBN) has so far disbursed N198 billion out of the N200 billion power and aviation sectors intervention fund. Suleiman Barau, CBN Deputy Governor, Corporate Services who confirmed this said the amount has been [...]

Posted On : Mar, 02 2011 | Comments : 0

China's Bank Share Slide May Persist as Inflation Hits Growt...

Chinese banks, set to post record profits, are trading at their cheapest level in two years and may stay depressed in 2011 as investors bet faster inflation and slower economic growth will erode earnings. Shares lost allure over the [...]

Posted On : Feb, 28 2011 | Comments : 0

China has slapped punitive reserves on multiple banks

This approach, formally known as "dynamic differentiated required reserve ratios", has been effective in restraining lending by banks and will be continued as a core part of the government's efforts to control inflation, Xi [...]

Posted On : Feb, 23 2011 | Comments : 0

Banking: The debt net

When Ireland’s High Court issued two rulings this month, the initial response was muted. The so-called direction orders were formalities that began the wind-up of Anglo Irish Bank and Irish Nationwide Building Society, the two fail [...]