Search Results for 'Banks'

More European banks to face stress testing

More European banks face stress tests to assess their health, officials acknowledged yesterday, amid warnings that publishing detailed test results for the continent's biggest financial institutions may not fully quell investor conce [...]

Posted On : Jun, 19 2010 | Comments : 0

Banks can cope with bond losses

A credit rating agency has said European banks are strong enough to withstand any sharp losses on their holdings of government debt issued by Greece, Portugal, Spain and Ireland. Moody's said it had done its own 'stress tests' [...]

Posted On : Jun, 11 2010 | Comments : 0

Canadian banks raise short-term mortgage rates

Mortgage rates are on the rise – but how much of a crimp will it put in the Canadian housing market? So far, not much. The 25-basis point rise announced by the Bank of Canada Tuesday amounts to “a movie and some popcorn&rdquo [...]

Posted On : Jun, 02 2010 | Comments : 0

Spain's Banks Raise ECB Long-Term Financing to Most Since 2...

Spanish banks increased longer-term borrowing from the European Central Bank last month to the most in 1 1/2 years, according to data compiled by the Bank of Spain. The country’s lenders raised 89.4 billion euros ($109 billion [...]

Posted On : May, 27 2010 | Comments : 0

Banks chalk up 2 wins as Senate reform bill evolves

Big banks scored a couple of key victories Tuesday in the battle to shape the sweeping overhaul of financial regulation, following recent gains by consumer advocates. In a partial victory for banks, the Senate on Tuesday overwhelmin [...]

Posted On : May, 19 2010 | Comments : 0

Big four banks can count their blessings

It was probably a wise move by the banking industry to keep its own counsel about any level of disappointment following the budget. The Commonwealth Bank chief executive, Ralph Norris, yesterday announced the group's quarterly tradin [...]

Posted On : May, 13 2010 | Comments : 0

NAB banks on business

While market noise continues to play havoc on National Australia Bank’s top line, investors and analysts will look through this to the bank first-half cash earnings which marks an 8.2 per cent increase from last year to $2.19 billi [...]

Posted On : May, 06 2010 | Comments : 0

Banks start to raise rates

Commonwealth Bank has raised its home loan variable interest rates by 25 basis points, just minutes after the Reserve Bank lifted official rates this afternoon. The move will see Commonwealth Bank’s flagship variable home loan rise [...]

Posted On : May, 04 2010 | Comments : 0

Banks risk £100bn in eurozone crisis

Britain's banks have accumulated £100bn of exposure to Spain, Portugal and Greece, analysis showed as another debt downgrade rocked the financial markets. Research from Credit Suisse said that Barclays Capital and Royal Ba [...]

Posted On : Apr, 29 2010 | Comments : 0

What Brown can do to fix banks

SENATE REPUBLICANS have said what they don’t like about the Democrats’ plans to fix Wall Street. Now, Republicans should say what they do want. Senator Scott Brown won his seat partly because voters are angry about bank bailo [...]

Posted On : Apr, 23 2010 | Comments : 0

Banks Fear Senate's Swap Desk Rules

The Senate Agriculture Committee handed the banking industry a huge headache Wednesday, passing a derivatives regulation bill that would force Wall Street's derivatives dealers to spin their swaps trading desks into separate companie [...]

Posted On : Apr, 22 2010 | Comments : 0

RBA's billion-dollar-plus gift to the banks

The Reserve Bank of Australia this week gifted Australia's banks at least $315 million extra annual pre-tax profit. They did the same thing last month and, no doubt, will be doing it again in June or July. Let's call it a ro [...]

Posted On : Apr, 09 2010 | Comments : 0

Failing US banks must fear government closure - Obama advise...

Failing US financial institutions must face the credible threat of government closure if reforms are to succeed, a key adviser to President Barack Obama said Tuesday. Paul Volcker, a former Federal Reserve chairman, said reforms bei [...]

Posted On : Mar, 31 2010 | Comments : 0

Stevens never doubted banks solvency

Reserve Bank of Australia (RBA) governor Glenn Stevens says he never had any doubts during the global financial crisis about the ability of Australia's banks to remain solvent. In the second part of a pre-recorded interview with [...]