Search Results for 'Bank'

Bank deposits grow 9pc to reach Rs5.6tr

The commercial banks’ deposits in the country have registered a growth of 9 percent during Jan-June 2011 to reach Rs5.6 trillion or $65 billion amid strong inflows of workers’ remittances and improving exports target. The g [...]

Posted On : Jul, 13 2011 | Comments : 0

Deutsche Bank May Risk Co-CEO Pitfalls

Deutsche Bank AG (DBK) is likely to risk the pitfalls of dual chiefs to keep investment-banking head Anshu Jain while allaying doubts in Germany about his ability to fulfill the political role of leading the nation’s biggest bank. [...]

Posted On : Jul, 11 2011 | Comments : 0

Australia central bank holds rates steady

The dovish views from the Reserve Bank of Australia, one of the most aggressive central banks to tighten policy in the wake of the global financial crisis, illustrates that Australia’s once-in-a-century mining boom isn’t enoug [...]

Posted On : Jul, 06 2011 | Comments : 0

MCB Bank wins CFA awards

The MCB Bank has proven its great success as it stands tall by winning not one, but two precious awards for “The Best Bank of the Year” and “The Most Stable Bank of the Year” by the Chartered Financial Analyst Asso [...]

Posted On : Jul, 05 2011 | Comments : 0

S.&P. Warns Bank Plan Would Cause Greek Default

Greece risks being judged in default on its debt obligations if banks are forced to bear part of the pain, Standard & Poor’s said Monday, suggesting that current proposals for rescuing the euro zone’s weakest member may have t [...]

Posted On : Jul, 04 2011 | Comments : 0

Auto and bank stocks attract MFs at cheaper valuations

Fund houses prefer value-based buying during June correction in equity markets. Fund managers are back to buying banking and automobile stocks, after a steep correction this month made valuations cheaper and hence attractive. The prefe [...]

Posted On : Jun, 30 2011 | Comments : 0

Islamabad banks on domestic borrowing for budget deficit

Islamabad is banking on domestic borrowing to finance an over Rs.1 trillion budget deficit, an official said. The government is relying on domestic borrowing after it failed to get $1.2 billion through international bonds and coalition su [...]

Posted On : Jun, 29 2011 | Comments : 0

Deutsche Bank CEO: No Solution on Greece Yet - Reuters

Banks are working with European governments to consider the accounting impact of a Greek debt restructuring but a solution has yet to be found for Greece, Deutsche Bank AG (DB) Chief Executive Josef Ackermann told a conference organized b [...]

Posted On : Jun, 28 2011 | Comments : 0

Deutsche Bank, UniCredit May Have to Raise Additional Capita...

Deutsche Bank AG (DBK), Germany’s biggest lender, and UniCredit SpA (UCG) are among European banks that may have to raise additional capital after regulators dismissed lenders’ threats that stiffer rules may stunt economic gro [...]

Posted On : Jun, 27 2011 | Comments : 0

Banks utilise deposits in treasury securities

Banks have been utilizing bulk of their deposits collected over the past 18-24 months in treasury securities as the government continues to raise funds at relatively attractively yields, banking experts said. According to them, this cont [...]

Posted On : Jun, 20 2011 | Comments : 0

U.K. Bank Revamp Is a Leap in the Dark

George Osborne has taken a major gamble. The U.K. chancellor of the exchequer's decision to endorse a half-formed proposal to force banks to separate their U.K. retail operations from their investment-banking arms is a leap in the dar [...]

Posted On : Jun, 17 2011 | Comments : 0

SBP, banks & SCI-Pak to develop network

The State Bank of Pakistan, commercial banks and SCI-Pak may jointly develop an Energy & Resource Efficient (E&RE) network/ platform to address the financial needs of Small & Medium Enterprises (SMEs). This consensus was arrived at a Roun [...]

Posted On : Jun, 16 2011 | Comments : 0

TEXT-Fitch upgrades various Panamanian banks

Following the recent rating action taken on Panama, Fitch Ratings has today upgraded the ratings of various Panamanian banks. On June 2, 2011, Fitch upgraded Panama's Sovereign Issuer Default Ratings (IDRs) to 'BBB' and its co [...]

Posted On : Jun, 15 2011 | Comments : 0

U.S. banks prepare to lower use of Treasuries

The decision comes as a precaution against any turbulence that could follow if conflicting Republicans and Democrats fail to increase soon the U.S. debt ceiling, the newspaper said, citing a senior bank chief. The report did not provide n [...]