Search Results for 'Bank'

Splitting banks would cut value, says UKFI

UK Financial Investments chairman Sir David Cooksey told MPs: “The sort of thing that would clearly make a difference to the value of, say, the Royal Bank of Scotland is whether there is a demand to break it up into separate invest [...]

Posted On : Jan, 28 2011 | Comments : 0

Chinese banks hike lending rates 10-45%

Some Chinese banks have hiked interest rates on loans by as much as 45 percent in a drastic move to rein in credit growth after a lending surge this month, state media reported Wednesday. State-owned banks had handed out 1.2 trillio [...]

Posted On : Jan, 26 2011 | Comments : 0

China banks cut bad loans, raised provisions in 2010

Jan 25 (Reuters) - Chinese banks finished 2010 in a stronger position than they started, chipping away at their bad debt holdings and beefing up provisions in case their asset quality deteriorates, a new set of official data shows. But a [...]

Posted On : Jan, 25 2011 | Comments : 0

Sundance familiar territory for Elizabeth Banks

Returning to her roots at Sundance this year in two comedies, "My Idiot Brother" and "The Details," the native New Englander reflects on her favorite co-stars of all time, studying Shakespeare and swapping emails with [...]

Posted On : Jan, 24 2011 | Comments : 0

Gulf Arab Banks’ Loan Losses to Drop This Year, Fitch Says

Gulf Arab banks, including those in Saudi Arabia and the United Arab Emirates, are likely to report lower loan and investment losses in 2011 because impairments due to the global credit crisis have peaked, Fitch Ratings said. " [...]

Posted On : Jan, 23 2011 | Comments : 0

Central bank set to soften rules to promote branchless banki...

Pakistan’s central bank is set to soften its regulatory framework to promote branchless banking in the country, Governor Shahid Kardar said on Thursday. “The central bank is open to ideas and suggestions from the private sect [...]

Posted On : Jan, 21 2011 | Comments : 0

Stay invested in Axis Bank, ICICI Bank: Edelweiss Capital

Stay invested in Axis Bank, ICICI Bank and HDFC Bank, says Naresh Kothari, President of Edelweiss Capital. Kothari told CNBC-TV18, "I think about 29% of the banking sector is being owned or was owned by FII’s in September end [...]

Posted On : Jan, 20 2011 | Comments : 0

Euro Cup 2011: How Long Can Embattled Banks Play Kick the Ca...

European financial markets of all stripes enjoyed another nice bounce Tuesday in the face of widespread skepticism that European officials are doing little more than papering over their problems with talks aimed at expanding the continen [...]

Posted On : Jan, 19 2011 | Comments : 0

Banks Consider Australia Flood Costs

Australian government officials have begun tapping bankers for advice on how to meet flood costs that could total 15 billion Australian dollars (US$14.8 billion) in Queensland, a region that accounts for a fifth of the nation's econo [...]

Posted On : Jan, 17 2011 | Comments : 0

China to raise bank reserve ratio again

The People's Bank of China has said that it will raise the banks' reserve requirement ratio by 50 basis points from Jan 20. After this hike, the major banks will have to set aside 19 per cent of their reserves and small and mediu [...]

Posted On : Jan, 15 2011 | Comments : 0

UK Banks Offering Yuan Conversion Services In UK

U.K. financial institutions recently started offering yuan conversion services in the U.K., following similar moves by U.K.-based Chinese lenders such as Bank of China Ltd. (3988.HK), the central bank-run Financial News reported Friday, [...]

Posted On : Jan, 14 2011 | Comments : 0

Banks Repossess 1 Million Homes in 2010

Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and more will miss payments as they struggle w [...]

Posted On : Jan, 13 2011 | Comments : 0

China banks may profit despite tighter policy

Data released Tuesday showed Chinese banks extended 480.7 billion yuan ($72.6 billion) of loans in December, beating the median estimate of 380 billion yuan in a Dow Jones Newswires survey of economists. For the full year, lending g [...]

Posted On : Jan, 12 2011 | Comments : 0

China’s bank lending, forex reserves surge

China’s foreign-exchange reserves grew by $199 billion in the December-ended quarter, boosting the stockpile to $2.85 trillion dollars, a rise of 18.6% from the $2.4 trillion recorded at end 2009, the People’s Bank of China s [...]