Search Results for 'Bank'

'Saudi banks can weather euro zone debt crisis shocks'

This stable outlook for the Saudi banking system is further supported by Moody's Investors Service's new report published Monday. The report says that the outlook for the Saudi banking system remains stable based on the country [...]

Posted On : Dec, 06 2011 | Comments : 0

ANZ bank fees could be illegal: Federal Court

The Federal Court has ruled Australia's largest class action, against the ANZ bank, can proceed. About 34,000 customers involved in the lawsuit had a partial win this morning when the court ruled some bank fees could be considered il [...]

Posted On : Dec, 05 2011 | Comments : 0

Bank of England says joint action only ‘temporary relief’

LONDON: Bank of England Governor Mervyn King said on Thursday that the coordinated central bank action was only “temporary relief,” as he confirmed the BoE had “contingency plans” in case of a Eurozone breakup. Kin [...]

Posted On : Dec, 03 2011 | Comments : 0

Australia's banks upbeat despite downgrade by S&P

None of the other big four banks commented on their funding requirements, although National Australia Bank said further improvement in its capital ratios "is a near-term objective". Investment bank Macquarie Group, which was [...]

Posted On : Dec, 02 2011 | Comments : 0

Commercial banks seen cutting rates by 50 bps

Analysts were split over whether Pakistan’s central bank on Wednesday would cut interest rates by 50 basis points to promote economic growth amid easing inflation, analysts polled by Reuters said. Six of the 11 analysts polled ex [...]

Posted On : Nov, 29 2011 | Comments : 0

Central Banks Ease Most Since '09 to Avert Europe-Led Slump?

Central banks across five continents are undertaking the broadest reduction in borrowing costs since 2009 to avert a global economic slump stemming from Europe’s sovereign-debt turmoil. The U.S., the U.K. and nine other nations, [...]

Posted On : Nov, 28 2011 | Comments : 0

Banks Build Contingency for Breakup of the Euro

For the growing chorus of observers who fear that a breakup of the euro zone might be at hand, Chancellor Angela Merkel of Germany has a pointed rebuke: It’s never going to happen. But some banks are no longer so sure, especially as [...]

Posted On : Nov, 26 2011 | Comments : 0

Rupee inches up as PSU banks sell dollars

In order to stem the growth of the strengthening dollar, state run banks started selling dollars around 52.55 per dollar levels on behalf of the Reserve Bank, reports CNBC-TV18 quoting sources. Dealers are also saying that non-public sect [...]

Posted On : Nov, 24 2011 | Comments : 0

Europe’s Banks Relying on Money From E.C.B.

Banks clamored for emergency funds from the European Central Bank on Tuesday, borrowing the most since early 2009 in a clear sign that the euro region’s financial institutions are having trouble obtaining credit at reasonable rates [...]

Posted On : Nov, 23 2011 | Comments : 0

World Bank Says Asia Has Room for Stimulus to Limit Europe H...

Most Asian nations have room to use fiscal stimulus to protect their economies from a deterioration of the European debt crisis that may have “substantial” spillovers on the region, the World Bank said. Developing East Asia [...]

Posted On : Nov, 22 2011 | Comments : 0

Banks put the bounce on bad pubs

Banks are also considering appointing their own managers at unruly pubs under tough new lending rules to shield themselves from losses caused by the state government crackdown. Under the new rules due to become law before the end of the y [...]

Posted On : Nov, 19 2011 | Comments : 0

Bank's stark warning on household lending raises new credit ...

Fears of a further credit crunch intensified last night after a stark warning that British banks are struggling to raise money for loans to households and businesses. The Bank of England said the crisis in the eurozone and slowdown in the [...]

Posted On : Nov, 17 2011 | Comments : 0

Banks' deposits with ECB up but off recent peaks

Euro-zone banks' overnight deposits with the European Central Bank rose somewhat Friday but were off the recent peaks, while markets are watching closely the ECB's weekly data on government bond purchases due later Monday and the [...]

Posted On : Nov, 14 2011 | Comments : 0

Banks to dump more Italian debt: IFR

Still reeling from heavy losses on money they lent to Greece, lenders are keen not to make the same mistake twice. Then, under the pressure of governments and a hope that credit default swaps would protect them against heavy losses, they [...]