Search Results for 'Banks'

Bank Transfer Day: Marches Planned on Banks Nationwide

Today is Bank Transfer Day -- a deadline of sorts to a movement calling for people to shift their funds from for-profit banking institutions to not-for-profit credit unions before Nov. 5. More than 82,000 people have RSVPed to the move [...]

Posted On : Nov, 06 2011 | Comments : 0

Banks Conduct Greek 'Fire Drills'

Banks across Europe are starting to take seriously what until now seemed only remotely possible: the withdrawal of Greece from the euro currency. As the fate of Greece's future in the euro zone hangs in the balance, European banks and [...]

Posted On : Nov, 04 2011 | Comments : 0

Banks fit to pass on cash rates cut

AUSTRALIA'S banks are flush with funds ahead of an expected cut in the Reserve Bank's cash rate today and in a position to pass on in full a saving to a typical mortgage holder of $49 a month. Prudential Regulation Authority figur [...]

Posted On : Nov, 01 2011 | Comments : 0

Euro, Dollar Look To Central Banks

Both the dollar and euro are vulnerable to monetary policy decisions this week, although the Federal Reserve poses a bigger risk to the greenback than the European Central Bank does to the common currency. A blitz of data and policy me [...]

Posted On : Oct, 31 2011 | Comments : 0

RBI warns banks against floating rate manipulation, prepayme...

The Reserve Bank of India (RBI) has warned banks against taking customers for a ride by manipulating interest rates on floating rate loans. The regulator also wants them to voluntarily waive the prepayment penalty on home loans. At the [...]

Posted On : Oct, 26 2011 | Comments : 0

Banks face penalties in return for bail-outs

Distressed European Union banks that tap national governments or the region’s €440bn rescue fund for capital will be subject to state-aid penalties, involving compulsory restructuring or – in the worst case – orderl [...]

Posted On : Oct, 21 2011 | Comments : 0

Central banks may need to burst bubbles: Bernanke

"The possibility that monetary policy could be used directly to support financial stability goals, at least on the margin, should not be ruled out," he said at a conference at the Boston Federal Reserve Bank. Bernanke did not di [...]

Posted On : Oct, 19 2011 | Comments : 0

Banks' Q2 earnings to rise by 10%, say analysts

Public and private sector banks experienced an average growth rate of 10% in earnings in the second quarter this fiscal due to a slowdown in credit demand, according to analysts. However, public sector lenders are likely to have experi [...]

Posted On : Oct, 17 2011 | Comments : 0

German banks attack recapitalisation plan

Germany’s entire banking industry has joined forces to resist any compulsory recapitalisation of banks, urging Berlin to resist European moves to impose higher capital requirements across the board. In a furious letter to Wolfgang [...]

Posted On : Oct, 14 2011 | Comments : 0

EU banks could shrink to hit capital rules

Leading European banks say they would rather sell assets than raise expensive new capital to meet compulsory demands from the European Union for higher capital ratios, threatening a further contraction of credit to the enfeebled eurozone [...]

Posted On : Oct, 13 2011 | Comments : 0

EU banks face higher capital thresholds

European authorities plan to set a higher than expected capital threshold for the region’s banks and give them six to nine months to achieve that level or face government recapitalisations under the auspices of the eurozone’s [...]

Posted On : Oct, 12 2011 | Comments : 0

More Pain for Europe Banks

Europe's troubled financial sector showed further strains Monday as the sovereign-debt crisis claimed its first banking victim and banks in Austria and Greece showed signs of distress, increasing pressure on euro-zone governments to c [...]

Posted On : Oct, 11 2011 | Comments : 0

Central Banks Step Up Battle to Contain Crisis

The central banks for the U.K. and the euro zone scrambled to inject new life into their fading economies, both acting Thursday to try to stave off recession or a credit crunch while awaiting the next moves of the region's embattled g [...]

Posted On : Oct, 07 2011 | Comments : 0

Banks face new European stress tests

Europe’s top banking regulator has started to re-examine the strength of the region’s banks, modelling a big writedown of all peripheral eurozone sovereign debt. The exercise, conducted by the European Banking Authority, could [...]