Search Results for 'Bank'

Asian Shares Mostly Lower; Banks Weak In Shanghai

Asian stock markets were mostly lower Monday with banks falling in Shanghai on concerns about further interest rate hikes, while severe flooding in Australia's Queensland state continued to trouble the Sydney market. Investor se [...]

Posted On : Jan, 10 2011 | Comments : 0

Bank stocks take a hit on shrinking margin fears

Bank stocks have begun the year on a weak note with heavyweights falling 8-9 % during the week. The decline reflects fears that interest margins may get crunched as cost of funds rises for banks even as competition forces them to hold on [...]

Posted On : Jan, 08 2011 | Comments : 0

2 US banks get approval for China securities JVs

Two U.S. investment banks say they've been given the green light in China to operate domestic securities businesses with local partners. JP Morgan Chase & Co. said Friday that the China Securities Regulatory Commission approved i [...]

Posted On : Jan, 07 2011 | Comments : 0

FBI investigating possible bank robbery ring

One bank robbery on Wednesday in Burlington could turn out to be a hit by a major organized crime crew. The FBI violent crimes task force has been chasing a group of organized bank robbers for nearly a month now. Since Dec. 15 they'v [...]

Posted On : Jan, 06 2011 | Comments : 0

FDIC Sues Ex-Bank Executives for $2.5 Billion

The Federal Deposit Insurance Corp. said Tuesday it is seeking to recover $2.5 billion by suing former executives of failed U.S. banks. The agency said it has authorized professional liability lawsuits against 109 such officials, who wer [...]

Posted On : Jan, 05 2011 | Comments : 0

Sindh Bank to boost agriculture productivity, industrial sec...

Chief Minister Sindh, Syed Qaim Ali Shah, has said objectives of Sindh Bank is to help the people and commonman in their efforts to boost-up agriculture productivity and industrial sector aimed at to have development in backward areas an [...]

Posted On : Jan, 04 2011 | Comments : 0

ICICI Bank announces upward hike in its base rate by half a ...

Leading Private lender ICICI Bank announced an upward hike in its Base rate by half a per cent to 8.25 per cent, effective from January 3, 2011. The Bank in a release here said it had also revised the benchmark prime lending rate by 0.25 [...]

Posted On : Jan, 03 2011 | Comments : 0

New Year, new, higher EMI: Banks hike rates up to 50 bps

Banks including the State Bank of India (SBI) raised loan rates on Friday. SBI’s base rate went up by 40 basis points to 8 per cent, and ICICI Bank hiked its base rate and benchmark prime lending rate (BPLR) by 50 basis points to 8 [...]

Posted On : Jan, 01 2011 | Comments : 0

Banks engrossed with interest rates only this year

The tight monetary policy measures adopted by Reserve Bank of India the whole year has kept banks engrossed in interest rates for the major part of 2010. Towering inflation figures are in fact an indicative that the rate game would conti [...]

Posted On : Dec, 29 2010 | Comments : 0

SBP stresses upon banks to tackle rising NPLs

The State Bank of Pakistan (SBP) has stressed upon the banks to devise ingenious strategies to deal with the high level of Non-Performing Loans (NPLs). Due to NPLs, the promising businesses are facing transitory difficulties due to a con [...]

Posted On : Dec, 28 2010 | Comments : 0

China Stocks: Bank of China, China Eastern, Guizhou Panjiang

The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, added 19.75, or 0.7 percent, to 2,854.91 at the 11:30 a.m. break. The CSI 300 Index rose 0.9 percent to 3,191.35. Banks: Industrial & Commercial [...]

Posted On : Dec, 27 2010 | Comments : 0

Banks will reclaim losses from consumers

Q: I recently read the Federal Reserve has proposed a sharp reduction in the fees bank charge retailers for debit card transactions. Won't that benefit the consumer, as retailers won't be paying as much to credit card companies f [...]

Posted On : Dec, 26 2010 | Comments : 0

Sindh Bank declared as scheduled bank

State Bank of Pakistan has declared the “Sindh Bank Limited” as a scheduled bank with effect from December 24, 2010 which is certainly a major event of the year towards economic empowerment of the province of Sindh. Gene [...]

Posted On : Dec, 25 2010 | Comments : 0

Banks wrote off Rs74.38 bn loans in 08-09, NA told

At a time when Pakistan’s economy is in shackles after accepting hard conditions of the donors for getting new loans and its borrowing from the State Bank of Pakistan (SBP) has gone to Rs281 billion till November this year, the gov [...]