Search Results for 'Bank'

Saab 'close to bankruptcy' as bridge loan talks drag on

The administrator in charge of Saab's restructuring under court protection could pull the plug on the process as early as Tuesday, paving the way for declaring the carmaker bankrupt, daily newspaper Svenska Dagbladet reported. Sa [...]

Posted On : Oct, 20 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

U.S. bank accounting rule has big earnings impact

They expect it to continue to be a factor as more banks report earnings in the coming weeks. Last week, JPMorgan Chase & Co reported an identical gain. Other banks that use the same accounting treatment include Goldman Sachs, Morgan Stanl [...]

Posted On : Oct, 18 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

State Bank notifies five-day working week

The State Bank of Pakistan (SBP) on Friday notified five days working week for the central bank and all banks. However, to facilitate the business community, selected branches of banks are allowed to conduct operations on Saturdays, it sa [...]

Posted On : Oct, 15 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

State Bank of India rated lower: Does the Indian care?

Indian villages need banking services badly. They still store their paper money beneath mattresses over there. Now who best to provide banking services to people whose complete yearly turnover in their savings bank totals Rs 10,000 or [...]

Posted On : Oct, 10 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 [...]

Posted On : Oct, 06 2011 | Comments : 0

EU preparing bank rescues amid Greece doubts

Hours earlier French-Belgian municipal lender Dexia SA became the first European bank to have to be bailed out due to the euro zone's sovereign debt crisis. "Everyone said the big concern is that worrying developments on the f [...]

Posted On : Oct, 05 2011 | Comments : 0

Indian Banks: Healthy, But Precarious

cT he past three months have been tough for Indian banking. High interest rates and threats of a global recession have taken their toll on bank stocks. The NSE banking index fell 15 percent compared with the Nifty’s 11 percent slide [...]