Search Results for 'Bank'

U.S. Banks Tally Their Exposure to Europe’s Debt Maelstrom

After a hurricane, homeowners check nervously to see if their insurance will cover all of their damages. With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is goi [...]

Posted On : Jan, 30 2012 | Comments : 0

Central Bank Becomes an Unlikely Hero in Euro Crisis

BERLIN — Throughout the month, countries caught in the eye of the European financial storm, including Italy, Spain and France, have repeatedly defied expectations, selling big batches of bonds to the public at interest rates signifi [...]

Posted On : Jan, 21 2012 | Comments : 0

Sensex maintains uptrend; banks, metals, power rally

The market continued to trade higher since the morning, led by power, metals, banks, auto and realty sectors. Reliance Industries and L&T too were playing supportive role. The Nifty sustained above the 5000 level quite nicely, which went [...]

Posted On : Jan, 19 2012 | Comments : 0

China banks lend RCOM $1.2bn

In a positive move for the debt-laden telecom major , Reliance Communications (RCOM) has tied up with a clutch of Chinese banks to refinance the maturity value of its outstanding FCCBs (foreign currency convertible bonds) worth $1.18 bill [...]

Posted On : Jan, 18 2012 | Comments : 0

Nifty rangebound; banks, metals, oil & gas gain

The National Stock Exchange's Nifty continued to move in a range led by gains in banks, metals and oil & gas space. According to analysts, the short-term trend is positive and traders are advised not to go short in the first week as t [...]

Posted On : Dec, 30 2011 | Comments : 0

Asian stocks mostly down on Europe bank worries

Asian stock markets were mostly lower Thursday amid new signs of pressure on Europe's banking system and a downturn on Wall Street. Benchmark oil lingered above $99 per barrel while the dollar rose against the euro but fell against th [...]

Posted On : Dec, 29 2011 | Comments : 0

Pakistan's banks face decline in credit quality

Dubai: The State Bank of Pakistan (SBP), Pakistan's central bank, has recently warned that the banks in the country are facing deteriorating credit quality despite a strong trend of banks investing heavily in government debt. Accor [...]

Posted On : Dec, 26 2011 | Comments : 0

European Banks Rush to Grasp Lifeline

Hundreds of euro-zone lenders took out €489.19 billion ($640 billion) in low-interest loans from the European Central Bank on Wednesday, as the currency area extended a massive financial lifeline to its struggling banking industry. [...]

Posted On : Dec, 22 2011 | Comments : 0

US money funds cut lending to EU banks

The biggest US money market funds have cut their lending to European banks to another record low while increasing their holdings of US government debt to levels reminiscent of those seen during the financial crisis. The 10 largest funds t [...]

Posted On : Dec, 21 2011 | Comments : 0

Banks to take a holiday

ANZ and National Australia Bank have warned customers not to expect payments to be processed through Christmas, in the latest inconvenience a week after a high-profile outage and a security flaw limited services. ANZ, in a note to custom [...]

Posted On : Dec, 19 2011 | Comments : 0

Banks tap more funding from ECB

Eurozone banks are increasingly tapping emergency central bank funding in a sign of growing problems in the region’s financial system. Eurozone banks deposited €346.4bn, the most since June 2010, at the European Central Bank on [...]

Posted On : Dec, 14 2011 | Comments : 0

Europe’s bank meltdown will hit home here

No, I’m not talking about some new sale on airfare. I'm talking about your bank account. In less than six months our personal wealth has gone from having some, but mostly indirect, connection to Europe, to being held hostage by [...]

Posted On : Dec, 13 2011 | Comments : 0

European Banks Hunt for Ways to Raise Cash

As Europe continues to grapple with its sovereign debt crisis, many of the Continent’s banks are facing increased financing costs and limited access to much-needed cash, according to the Bank for International Settlements, an associ [...]

Posted On : Dec, 12 2011 | Comments : 0

ECB Curbs Bar Some Banks

As the European Central Bank prepares to meet for the first time since last week's move to ease the funding strains on Europe's troubled banks, Wall Street is speculating about whether it may do even more. The world's centr [...]