Search Results for 'Bank'

Foreign Investors Steer Clear of Korean Banks

Hong Sung Sook, a Seoul housewife, says she’s getting ready to pull $100,000 of savings out of Standard Chartered’s South Korean unit and put it in a local bank. The reason? Standard Chartered’s efforts to base pay on pe [...]

Posted On : Sep, 09 2011 | Comments : 0

Did Krawcheck ever have a chance at Bank of America?

Sometimes you have to wonder: Do banks hire Sallie Krawcheck just so they can fire her when times get tough? It almost seems to be her role to repeatedly rise to become "the most powerful woman on Wall Street" only to be cut loo [...]

Posted On : Sep, 08 2011 | Comments : 0

China money rates jump as banks begin paying extra reserves

China's money market rates jumped on Monday morning as banks began meeting extra reserve rules due to a new policy that has expanded the base for bank reserve requirements. China had widened the base for calculating banks' rese [...]

Posted On : Sep, 05 2011 | Comments : 0

'Draconian' UK bank reforms will push lenders into a crisis

Less than two weeks before the publication of the final report of the Independent Commission on Banking, senior politicians and financiers have warned that its recommendations could imperil Britain's banks. Andrew Tyrie MP, the cha [...]

Posted On : Sep, 01 2011 | Comments : 0

Bank loans pick up, credit offtake slow

With the busy season approaching and interest rates hardening in foreign countries, domestic loan demand is showing early signs of revival. According to the Reserve Bank of India (RBI), bank loans have risen 20 per cent this year till now [...]

Posted On : Aug, 25 2011 | Comments : 0

Banking in a troubled city

“Our cash deposit generation, day-to-day lending, inland transfer of money, bank-to-bank clearance of cheques, opening of letters of credit and issuance of bank guarantees, you name anything, all witnessed a slowdown,” said pr [...]

Posted On : Aug, 23 2011 | Comments : 0

Corporation Bank CMD counters CVC charges

Corporation Bank Chairman and Managing Director Ramnath Pradeep today refuted charges of inappropriately sanctioning big-ticket loans, saying if the allegations were true, the bank's net non-performing assets (NPAs) would not have bee [...]

Posted On : Aug, 21 2011 | Comments : 0

WSJ: Renewed Fears Europe's Banks Too Weak To Withstand Debt...

A dramatic sell-off in European financial markets on Thursday renewed fears that Europe's banks are too weak to withstand the Continent's debt crisis, increasing the chances that the region's leaders will be forced to pursue r [...]

Posted On : Aug, 19 2011 | Comments : 0

New bank licences: Replace dogma with safeguards

Differences between the finance ministry and the Reserve Bank of India (RBI) on new bank licences have, reportedly, been narrowed down. Only two outstanding issues, the extent of foreign ownership and the time within which promoters have [...]

Posted On : Aug, 18 2011 | Comments : 0

First Chinese bank to operate from August 18

Despite growing trade relations there has been no direct financial or banking link between the two countries that have over 50 years of friendship. National Bank opened a branch in China few years back but the trade people say it was not [...]

Posted On : Aug, 17 2011 | Comments : 0

Bank job cuts set to weigh on Michael Page

Michael Page shares plunged on Monday after the white-collar recruiter said financial services hiring in Britain had stalled in the past three weeks amidst a wave of job cuts by its banking clients. “It’s been two to three wee [...]

Posted On : Aug, 16 2011 | Comments : 0

BD Islamic banks seek Sharia market

The Islamic banks in Bangladesh are seeking a Shariah-compliant money market and separate laws to govern the fast expanding Islamic banking in the Muslim-majority country. “We have already raised the issue and discussed with the sen [...]

Posted On : Aug, 15 2011 | Comments : 0

Banks become integral part of financial services industry

The banking sector has become an integral part of the country’s financial services industry. The sector has witnessed phenomenal growth in all fields, including the deposit base, outreach and use of technology in the 64 years since [...]

Posted On : Aug, 14 2011 | Comments : 0

French banks weigh on bourses

Europe’s benchmark struggled this week, led downwards by French banks before a ban on short selling helped shares to rise again. French banks fell sharply midweek amid fears of a French downgrade, dragging down European shares. Soci [...]