Search Results for 'Bank'

European banks rally after early tumble

Shares in European banks fell sharply before rallying after several countries imposed a ban on short selling of financial stocks. European equity markets initially tumbled as banks came under attack in spite of the joint ban on short sell [...]

Posted On : Aug, 12 2011 | Comments : 0

LS passes subsidiary banks bill, gives more power to Centre

The Lok Sabha today approved a bill that will empower the central government to deal with the issues concerning subsidiary banks of the State Bank of India. The Lower House passed the State Bank of India (Subsidiary Banks) Amendment Bill [...]

Posted On : Aug, 11 2011 | Comments : 0

Stock Market: Bank of America shares fall to lowest point in...

Financial firms felt the brunt of the bloodbath in the markets Monday, with Bank of America leading in the sell-off as it confronted renewed fears over its financial health. Shares in the banking giant tumbled 20.3 percent to $6.51 a s [...]

Posted On : Aug, 09 2011 | Comments : 0

AIG to sue Bank of America over mortgages

American International Group plans to sue Bank of America over hundreds of mortgage-backed securities, adding to the surge of investors seeking compensation for the troubled mortgages that led to the financial crisis. AIG seeks to rec [...]

Posted On : Aug, 08 2011 | Comments : 0

City banks vulnerable targets

Tuesday's Rs 17 lakh robbery in front of Punjab National Bank's HAL branch is not the first one making a mockery of the prevailing law and order situation in the state capital. To start with, on June 8, 2005, three miscreants d [...]

Posted On : Aug, 03 2011 | Comments : 0

Nifty under pressure; Realty, banks, tech down

Indian markets were witnessing selling pressure, in line with other peers, as weak manufacturing data from the US spooked sentiments. Realty, banks and technology were the worst hit while pharmaceutical space was marginally higher. &qu [...]

Posted On : Aug, 02 2011 | Comments : 0

Asia's Factories Slow as Central Banks Tighten

Manufacturing growth in much of Asia slowed further in July and even contracted in China, signaling that previous monetary tightening and sluggish economies globally are pinching Asian growth. According to one closely watched release, [...]

Posted On : Aug, 01 2011 | Comments : 0

Efforts to repair economy and banks cited as reasons for inv...

TWO INVESTORS in the group taking a 34.9 per cent stake in Bank of Ireland have said that they invested in the bank on the basis of the Government’s efforts to repair the economy and the banks. Prem Watsa, founder of Canadian ins [...]

Posted On : Jul, 28 2011 | Comments : 0

India central bank raises key interest rate

India's central bank raised its key interest rate by half a percentage point Tuesday, the 11th hike in less than a year and a half, as it warned that inflation remains the country's main economic concern. The bank raised its sh [...]

Posted On : Jul, 26 2011 | Comments : 0

Bank of Ireland to Avoid State Control

Ireland agreed to sell as much as 37 percent of Bank of Ireland Plc to an investor group for 1.12 billion euros ($1.61 billion), a day before a rights offering was set to give the government majority ownership of the lender. Private in [...]

Posted On : Jul, 25 2011 | Comments : 0

Indian banks see pressure on margins easing?

Private lenders YES Bank and Kotak Mahindra Bank saw net interest margins falling in the June quarter weighed by high borrowing costs, but analysts said the pressure is likely to ease in the second half of the fiscal. Robust deposit mo [...]

Posted On : Jul, 21 2011 | Comments : 0

Brussels unveils tough bank capital rules

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Posted On : Jul, 20 2011 | Comments : 0

The charade of EU bank stress tests

News reports at the end of last week informed the financial markets that the European Banking Authority (“EBA”) failed only eight of the 90 banks examined in the most recent round of stress tests. These eight unfortunates &ldq [...]

Posted On : Jul, 19 2011 | Comments : 0

Swiss banks owe Indian holders over $2bn: Swiss Central Bank

Swiss Central Bank estimates the total liabilities of Swiss banks towards Indian holders at about $ 2.5 billion in 2010 as against projections of about $ 1.5 trillion by political parties and non-governmental organisations. "The Swis [...]