Search Results for 'Bank'

Key and Banks take tea in Epsom

National Party leader John Key and Act's Epsom candidate John Banks have sat down for a symbolic 'cup of tea'. Key met with Banks to indicate his support for the Act candidate over his own National candidate, Paul Goldsmith. T [...]

Posted On : Nov, 11 2011 | Comments : 0

Bank Capital Rules Backed

Facing down bankers unhappy over rising capital requirements, a top regulator defended stronger standards for the biggest financial firms and rejected claims that new rules are adding excessively to market uncertainty. Federal Reserve [...]

Posted On : Nov, 10 2011 | Comments : 0

U.S. Banks Pull Back on Europe Lending, Survey Shows

U.S. banks tightened their standards for loans to European banks and fewer relaxed lending standards to businesses in the third quarter, the Federal Reserve said Monday. The Fed's quarterly senior-loan-officer survey, based on 51 d [...]

Posted On : Nov, 08 2011 | Comments : 0

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

EU’s Bank Capital Plan Has ‘Serious Problems,’ IIF Says

The European Union’s plan for recapitalizing banks has “serious problems” that will hurt economic growth and make it harder for some nations to borrow, the Institute of International Finance said. There is a “cl [...]

Posted On : Nov, 03 2011 | Comments : 0

Ratnakar Bank increases savings account interest rate to 5.5...

Ratnakar Bank today announced an upward revision of its savings account interest rate from 4% to 5.5%. They are among the first few private banks to make such an announcement. The change in interest rate is effective from today November 1 [...]

Posted On : Nov, 02 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

Bank of America scaling back debit card fees

Bank of America Corp, after receiving heavy public criticism for a planned $5 per-month debit card fee, is likely to give customers more ways to avoid the fee, a person familiar with the bank's plans said Friday. The second largest [...]

Posted On : Oct, 29 2011 | Comments : 0

EU Bank Debt-Guarantee Plan May Struggle to Thaw Funding Mar...

Oct. 28 (Bloomberg) -- European banks, which need to refinance more than $1 trillion of debt next year, may struggle to fund themselves until policy makers follow through on a pledge to guarantee their bond sales. European Union leader [...]

Posted On : Oct, 28 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

EU bank plan may include aid pledged to bailout states: sour...

If over a third of the EU's bank recapitalisation drive, which investors hoped would inject more than 100 billion euros of fresh money, is accounted for under old bailout programmes markets are likely to react with disappointment. [...]

Posted On : Oct, 24 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 [...]