Search Results for 'Banks'

Stress tests to reveal extra funds needed by Irish banks

The Minister for Finance will propose a ground-breaking restructuring of the banks today as the results of Central Bank stress tests will signal the virtual nationalisation of the Irish banking sector. The results of the tests will lead [...]

Posted On : Mar, 31 2011 | Comments : 0

RBA Warns Australian Banks Lowering Mortgage Lending Standar...

The central bank is warning that Australian lenders have begun to lower their mortgage lending standards as they seek to achieve the turbo charged pre financial crisis growth rates, an objective the RBA says is unrealistic. The Rese [...]

Posted On : Mar, 28 2011 | Comments : 0

Cutting costs: SBP allows banks to send e-statements

In a notification issued on Thursday, SBP also asked banks to send SMS alerts to credit card holders’ mobile numbers, informing them that e-statements have been emailed. SMS alerts must also include vital billing information, inclu [...]

Posted On : Mar, 25 2011 | Comments : 0

FBR mulls hiking tax rate on banks to 40 percent

The Federal Board of Revenue (FBR) has planned to increase the rate of income tax on the banking sector because of higher spread between the deposit and lending rates in Pakistan compared with other countries, a senior tax official said [...]

Posted On : Mar, 08 2011 | Comments : 0

Southee banks on lessons learnt in subcontinent

New Zealand's horror run of results in the subcontinent over the last year has some benefits at least. Since the tri-series with India and Sri Lanka in Dambulla in August last year, New Zealand have lost 12 of 16 ODIs in Sri Lanka, B [...]

Posted On : Mar, 07 2011 | Comments : 0

Central Bank publishes list of bonds outstanding to banks

THE Central Bank yesterday attempted to clear up the discourse surrounding bank bondholders by publishing a full list of all bonds outstanding to Irish banks. The release confirmed that Irish banks owe bondholders more than €63bn, b [...]

Posted On : Mar, 03 2011 | Comments : 0

China has slapped punitive reserves on multiple banks

This approach, formally known as "dynamic differentiated required reserve ratios", has been effective in restraining lending by banks and will be continued as a core part of the government's efforts to control inflation, Xi [...]

Posted On : Feb, 23 2011 | Comments : 0

Chinese banks average CAR 12.2 pct at end-2010

The core capital adequacy ratio with Chinese banks rose an average 0.9 percentage point to 10.1 percent at the end of last year, CBRC added. According to CBRC rules, top lenders such as Industrial & Commercial Bank of China (60 [...]

Posted On : Feb, 18 2011 | Comments : 0

BRIEF-Moody's:Russian banks' profitability likely to be rest...

Russian banks' profitability likely to be restored.

Posted On : Feb, 17 2011 | Comments : 0

CMB, city banks to pilot deposit rate liberalization

China has launched a trial program allowing a limited number of banks to independently set deposit rates, Reuters reported, citing state media. Some city commercial banks and China Merchants Bank (CMB; 600036.SH), will compete for large [...]

Posted On : Feb, 15 2011 | Comments : 0

Egyptian Banks To Close Monday, Tuesday Amid Strikes -Centra...

The Central Bank of Egypt said late Sunday that banks in Egypt will close on Monday and Tuesday due to workers' strikes and the birth of Prophet Mohammad. "Amidst the strikes of worker in some authorities, including public banks [...]

Posted On : Feb, 14 2011 | Comments : 0

China regional banks told to hike reserves: report

China's central bank has ordered some small and medium-sized banks to raise their reserves in the latest in a series of such hikes aimed at reining in inflation, according to state media. The reserve requirement ratio hike, which eff [...]

Posted On : Feb, 11 2011 | Comments : 0

Big banks cautious after quarterly earnings

It has been a tough few months for the NAB - a computer glitch seized customers' bank accounts and it is facing a class action lawsuit from investors. But chief executive Cameron Clyne was putting a good spin on things at an investor [...]

Posted On : Feb, 08 2011 | Comments : 0

Egypt Banks to Open Amid Concern Deposit-Run May Weaken Poun...

Egypt’s banks will open today for the first time in more than a week amid investor concern that a possible run on deposits may weaken the currency and raise government borrowing costs. Yields on Egypt’s treasury bills may sur [...]