Search Results for 'Banks'

Banks offering a raw deal to offline consumers

The investigation uncovered that an online saver could be £375 better off over the course of a year compared with a branch-only saver. It also found the average rate for instant-access savings accounts available in-branch to be jus [...]

Posted On : Sep, 26 2010 | Comments : 0

Central Bank facilitates power plants for banks

The Central Bank of Nigeria (CBN) said yesterday that banks' overhead costs would go down by about 30 percent in the next three years if their managements build independent sources of power supply for their operations. Lamid [...]

Posted On : Sep, 24 2010 | Comments : 0

Central Banks Have Tough Time Finding Exit as Recovery Weake...

The world’s major central banks are having a tough time exiting crisis mode, prolonging aid or raising the prospect of reviving unconventional stimulus tools as the global recovery loses momentum. The U.S. Federal Reserve said Sept [...]

Posted On : Sep, 23 2010 | Comments : 0

U.K. Banks Are Warned About Bonuses

Leading Liberal Democrats Tuesday turned their attention to the financial-services industry, sending a stark warning that they are serious about clamping down on bankers' "offensive" bonuses. After spending much of the [...]

Posted On : Sep, 22 2010 | Comments : 0

French banks fined in price fixing case

France's competition watchdog says it has fined several of the country's leading banks, including BNP Paribas SA and Societe Generale SA, a total of euro385 million ($503 million) for illegally fixing the price for check clearing [...]

Posted On : Sep, 21 2010 | Comments : 0

New rules to force German banks to raise 50 bln: report

Germany's top 10 banks will need to raise 50 billion euros in new capital to meet proposed new global banking rules due to go into effect in 2019, the weekly Der Spiegel reports in its Monday issue. Citing a confidential documen [...]

Posted On : Sep, 19 2010 | Comments : 0

Banks to mostly hold rates this month

A day after digesting the Reserve Bank of India’s mid-quarter monetary policy review, most bankers say they will hold their rates this month and review these in October, when festivals and the busy season set in, giving a clearer i [...]

Posted On : Sep, 18 2010 | Comments : 0

FSC OK's banks to open branches in mainland China

The Financial Supervisory Commission said Sept. 16 it has given the China Trust Commercial Bank formal permission to set up branch offices in mainland China. The latest announcement means that a total of seven Taiwan banks have now recei [...]

Posted On : Sep, 17 2010 | Comments : 0

After Basel, the Banks Are Not Safer

The Americans wanted tough rules, fast. The Germans pushed back. The British, Swiss, Japanese, and French joined the fray. It's rare that international regulatory talks command such attention, let alone passion. Yet for once glo [...]

Posted On : Sep, 16 2010 | Comments : 0

Asian Currencies Fall on Risk Central Banks Will Follow Japa...

Asian currencies dropped on concern regional central banks will intervene to stem currency gains after Japan sold the yen for the first time since 2004. A weaker yen boosts the competitiveness of Japanese exporters such as Sony Corp [...]

Posted On : Sep, 15 2010 | Comments : 0

What Basel means for banks

Twenty-two years after the first set of global capital rules for banks were set, very few people seem to have any idea why they were fixed where they were. Stories vary, but in the end it is hard to avoid the impression that the rules no [...]

Posted On : Sep, 14 2010 | Comments : 0

Tata Steel seen in talks with banks for $5.4 bn loans

Tata Steel, India’s largest producer of the alloy, is in talks with banks for £3.5 billion ($5.4 billion) in loans for its UK unit, said four persons with direct knowledge of the matter. BNP Paribas SA, Credit Agricole CIB, H [...]

Posted On : Sep, 04 2010 | Comments : 0

Banks to set up taskforce on lack of lending

Stephen Green, the chairman of both HSBC and the British Bankers' Association (BBA), wrote to George Osborne over the weekend outlining the taskforce's remit. Mr Green, who will chair the group, told the Chancellor that it will r [...]

Posted On : Aug, 09 2010 | Comments : 0

European Banks Borrow EUR 131.9 Bln From ECB

The European Central Bank on Thursday said it lent firms EUR 131.9 billion for three months. However, this was much smaller than the expected borrowing of around EUR 200 billion. The latest figure suggests that the dependence of euro are [...]