Search Results for 'Banks'

Dubai to meet local banks, propose no haircut - MEED

Debt-laden Dubai World, which will meet with the two local banks on its creditor committee this week, will propose that creditors get their principal investment back, magazine MEED said. The magazine, which did not name sources, said [...]

Posted On : Mar, 10 2010 | Comments : 0

Four Biggest Greek Banks Downgraded

Greece's financial instability is spreading to its private-sector banks, the latest indication that the country's credit woes are worsening. Fitch Ratings, citing concerns about Greek banks' funding costs and profitability, d [...]

Posted On : Feb, 24 2010 | Comments : 0

Banking on India's banks

The 75-basis point increase in the CRR to 5.75% didn't dampen investor sentiment much, as the central bank also raised its economic-growth outlook for the fiscal year ending March, to 7.5% from 6%, underscoring optimism that the Sout [...]

Posted On : Feb, 01 2010 | Comments : 0

Asian Currencies Fall, Paced by Won, as Banks May Stem Gains

Asian currencies fell, led by South Korea’s won, on speculation regional central banks will intervene to stem rallies this year that risk hurting a recovery in exports. The won, Philippine peso and Indonesian rupiah all strengthened t [...]

Posted On : Jan, 12 2010 | Comments : 0

Banks to take cue from RBI policy to decide rates - Kotak

Lending rates might move upward in the months ahead as credit growth picks up, but banks may take a cue from the RBI policy before effecting any change in their rate-structure, a top banker on Monday said. "It (intere [...]

Posted On : Jan, 04 2010 | Comments : 0

Chinese banks find their credit in high demand

China's state-owned banks have become a main engine of the global recovery, financing the construction of copper mines, purchase of airplanes, expansion of retail stores and other projects even as their U.S. and European counterparts scale [...]

Posted On : Jan, 02 2010 | Comments : 0

Central banks shift back to dollars, IMF data show

The IMF's Composition of Official Foreign Exchange Reserves data, known as COFER, is reported voluntarily by 140 countries. Of those who report their holdings, adjusted for currency valuation effects, the share of U.S. dollars bounced up to [...]

Posted On : Dec, 31 2009 | Comments : 0

Bailouts for banks hit 850 billion pounds

Bailouts for banks have hit 850 billion pounds in the wake of the global financial crisis, a watchdog report said Friday, amid tensions over performance pay for senior bankers. The National Audit Office said Prime Minister Gordon Brown's g [...]

Posted On : Dec, 04 2009 | Comments : 0

Tight lending still troubling banks

Businesses and consumers are continuing to see tighter lending among banks, according to the Federal Deposit Insurance Corp. The FDIC released its quarterly report on the banking industry Tuesday, which showed a decline in loan balances for [...]

Posted On : Nov, 25 2009 | Comments : 0

Sensex hits 17,000 on +ve global cues; banks, metals up

The Sensex started the first day of the week on a positive note led by positive global cues and turned back above the 17,000 mark in the early trade. The Nifty was also trading above the 5,000 mark. Metal, realty, banking and auto stocks we [...]

Posted On : Nov, 16 2009 | Comments : 0

Iberiabank Buys Two U.S. Banks as Failure Toll Climbs to 123...

Iberiabank Corp., the Louisiana- based lender that exited a federal government assistance program this year, purchased two banks as the U.S. economy’s expansion fails to halt financial-firm collapses. Iberiabank added $2.5 billion in [...]

Posted On : Nov, 14 2009 | Comments : 0

Govt in new bailout to troubled banks - reports

The government will pour up to another 40 billion pounds into bailed out lenders Royal Bank of Scotland, Lloyds Banking Group and Northern Rock ahead of a planned selloff, newspapers said Monday. The extra money will shore up the troubled [...]

Posted On : Nov, 02 2009 | Comments : 0

Obama to announce help for small banks, businesses

President Barack Obama wants smaller community banks to have greater access to the government's $700 billion financial rescue fund as the administration refocuses the bailout money on small businesses and homeowners and winds down programs [...]

Posted On : Oct, 21 2009 | Comments : 0

Shares buoyed by banks

Close Strengthening banking and resources stocks have helped push the Australian share market up nearly 1 per cent. At the close, the benchmark S&P/ASX200 index was up 45.9 points, or 1 per cent, at 4785.7, while the broader All Ordinar [...]