Search Results for 'Banks'

Banks 'reap profit from existing customers'

RESEARCH showing that banks charge their home-loan customers a higher variable rate than the average offered to new borrowers has ignited a controversy over the cost of switching mortgages.The research, commissioned by The Australian from i [...]

Posted On : Oct, 06 2009 | Comments : 0

IMF Says European Central Banks Should Keep Rates Low for No...

The International Monetary Fund said central banks in Europe should keep interest rates low and possibly extend non-standard stimulus measures because the region’s economic recovery is likely to be “slow and fragile.” &ld [...]

Posted On : Oct, 03 2009 | Comments : 0

Big banks to reduce unpopular overdraft fees

For millions of consumers, the cost of overdrawing a checking account is about to become a little less painful. Facing harsh criticism for raising fees amid a severe recession, and with Congressional legislation looming, several of th [...]

Posted On : Sep, 24 2009 | Comments : 0

Banks cut borrowing from Fed as credit eases

Banks reduced their borrowing from the Federal Reserve's emergency lending facility over the past week, and cut back their use of other programs designed to ease the financial crisis. The reductions indicate that banks are having an easier [...]

Posted On : Sep, 18 2009 | Comments : 0

Liverpool banks $130 million shirt deal

Liverpool Football Club unveiled a four-year sponsorship deal with Asia-focused bank Standard Chartered on Monday, estimated to be worth up to £80 million ($133 million) for the English soccer club. Financial details were not disclose [...]

Posted On : Sep, 15 2009 | Comments : 0

Banks cut borrowing from Fed; credit woes easing

Banks trimmed their borrowing over the past week from the Federal Reserve's emergency lending facility and cut back on other programs intended to ease the financial crisis, adding to evidence that credit markets are thawing. In a weekly re [...]

Posted On : Sep, 11 2009 | Comments : 0

Banks Face Loss of Debt Guarantee

The Federal Deposit Insurance Corp. is preparing to wind down an emergency program it launched last year, which could become an early test of how the banking industry will fare without extraordinary government assistance. The FDIC's progra [...]

Posted On : Sep, 10 2009 | Comments : 0

Experts believe more banks may fail audit

Following the recent upheaval in the Nigerian banking sector and the inconsistencies in the disclosure of banks’ balance sheets by the Central Bank, industry experts have predicted that more banks are likely to fail the next phase of [...]

Posted On : Aug, 24 2009 | Comments : 0

Indonesia's largest banks post huge growth in H1

Indonesia's largest state-run and private banks, Bank Mandiri and Bank Central Asia (BCA), booked tremendous operation growths in the first half this year, the Jakarta Post reported here on Thursday. Bank Central Asia (BCA), booked a [...]

Posted On : Jul, 30 2009 | Comments : 0

2 banks refused credit for rental power projects

Two leading banks had explicitly refused to finance rental power projects in a meeting held early this month, banking sources told Daily Times on Monday. Sources said that a foreign bank and a privatised bank had said a clear 'no' to the go [...]

Posted On : Jul, 28 2009 | Comments : 0

Banks ask employers to recover dues from credit card holders

In their constant pursuit of recovering dues from credit card customers, banks are empowering themselves with a tool that allows them to ask employers to deduct the outstanding amount from the salary. Employees who may have defaulted on pa [...]

Posted On : Jul, 27 2009 | Comments : 0

Sensex pares gains; banks, oil&gas weigh

Indian markets gave away intra-day gains and were in the negative terrain as traders booked profits at higher levels. Selling was seen in banks, oil&gas and FMCG space while auto and IT held fort. “Indian stocks should manage to [...]

Posted On : Jul, 25 2009 | Comments : 0

Banks cut borrowing from Fed emergency program

Banks trimmed borrowing from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis, a sign that some credit problems are easing. The Fed said Thursday tha [...]

Posted On : Jul, 24 2009 | Comments : 0

Central banks vow to keep lid on rates

he U.S. and Canadian central banks are promising to keep borrowing rates at record lows well into next year as they seek to foster a recovery that both institutions say won't hit its stride until 2011. Both the U.S. Federal Reserve Board an [...]