Search Results for 'Bank'

Hong Kong Banks Face Higher Credit Risks in Midterm, KPMG Sa...

Hong Kong banks’ credit quality may be at risk over the medium term because of short supply of the local currency caused by strong loan growth last year and rising yuan demand, KPMG LLP said. The city’s banks expanded their [...]

Posted On : Oct, 03 2011 | Comments : 0

Banks will now screen Microfinance institutions' salary pack...

The astronomical pay packages of promoters of microfinance institutions (MFIs) will come under intense scrutiny of banks that have extended funds to bail out the sector once touted as the torchbearer of financial inclusion. Lenders inv [...]

Posted On : Sep, 29 2011 | Comments : 0

China Banks Shunned as Investors Eye 2003 Low in Credit Bust

The cheapest Chinese bank stocks since 2004 may drop further as the three-year credit boom that created the world’s most profitable lenders shows signs of turning into a bust. The MSCI China Financials Index sank 24 percent this [...]

Posted On : Sep, 27 2011 | Comments : 0

Banks prepare for Greek default, want EU help

So gloomy were bankers from major financial institutions, attending a conference on the sidelines of the International Monetary Fund/World Bank sessions, that they compared the risks of financial market contagion to the collapse of Lehman [...]

Posted On : Sep, 26 2011 | Comments : 0

Banks' credit growth outpaces deposits on festive demand

While credit grew 0.7 percent to 40,742.95 billion rupees, deposits stood at 55,220.35 billion rupees, a growth of 0.2 percent during the two weeks, data relesed by the RBI on Wednesday showed. "We have certainly started seeing [...]

Posted On : Sep, 22 2011 | Comments : 0

Italian Banks, Enel Brace for Rating Cut After S&P Downgrade

Italian banks including Intesa Sanpaolo SpA (ISP) and state-controlled companies such as Enel SpA (ENEL) may have their credit ratings lowered by Standard & Poor’s after the company downgraded Italy for the first-time in five years. [...]

Posted On : Sep, 21 2011 | Comments : 0

Bank of America Steers Brokerage Clients to Credit for Rewar...

Bank of America Corp. is pushing some of its brokerage clients who want to keep their debit rewards to switch to credit cards following U.S. caps on debit- card transaction fees. Customers who have the Visa Inc. signature rewards debit [...]

Posted On : Sep, 20 2011 | Comments : 0

Central banks return as gold buyers

European central banks have become net buyers of gold for the first time in more than two decades, the latest sign of how the turbulence in the currency and debt markets has revolutionised the bullion market. The purchases are minuscul [...]

Posted On : Sep, 19 2011 | Comments : 0

SBP warns banks to maintain cheque books’ standard

The State Bank of Pakistan (SBP) on Thursday warned banks against using substandard material for printing cheque books and said penal action can be taken on violating instructions. The central bank in a letter sent to presidents and chief [...]

Posted On : Sep, 17 2011 | Comments : 0

Chinese bank opens in Mumbai

Industrial and Commercial Bank of China (ICBC), the world's largest banks in terms of profit, market capitalisation and customer deposits, on Thursday opened its first branch in Mumbai. Initially, the bank, whose total assets stood at [...]

Posted On : Sep, 16 2011 | Comments : 0

EU warned of credit crunch threat, French banks hit

European finance ministers have been warned confidentially of the danger of a renewed credit crunch as a "systemic" crisis in euro zone sovereign debt spills over to banks, according to documents obtained by Reuters on Wednesday [...]

Posted On : Sep, 15 2011 | Comments : 0

Banks already dealing with the Greek inevitability

Hands up anyone who thinks a Greek debt default is inevitable. OK, absolutely everyone can all put their hands down. That’s what Europe’s banks think too – and have for quite a while now. While the threat of European sov [...]

Posted On : Sep, 13 2011 | Comments : 0

Bank Chief Has Big Job to Reassure Stockholders

Like a magician facing a weary audience, Bank of America faces pressure to pull another rabbit out of its hat. In just the last few weeks, the company has announced a management shake-up, a $5 billion investment by Warren E. Buffett, and [...]

Posted On : Sep, 12 2011 | Comments : 0

Sri Lanka Central Bank says its exchange rates policy approp...

Sri Lanka Central Bank CBSL dismissing the IMF statement on the country's exchange rate policy said that the exchange rate policy of the Central Bank has been consistent where Central Bank intervenes in both sides of the m [...]