Search Results for 'Banks'

Sensex surges; realty, metals, banks, oil & gas lead

Benchmarks gained momentum after a sluggish starts as investors bought stocks at lower levels. According to dealers, the upmove seem to be on the back of short coverings and traders should remain cautious in a volatile market. &ldqu [...]

Posted On : Feb, 03 2011 | Comments : 0

Banks lose €40bn over a month in deposits flight

AN unprecedented €40bn of deposits was withdrawn from Irish banks in December, dwarfing the flight in deposits earlier in 2010. December's massive deposit exodus means a total of almost €110bn has been taken out of Ireland& [...]

Posted On : Feb, 02 2011 | Comments : 0

Splitting banks would cut value, says UKFI

UK Financial Investments chairman Sir David Cooksey told MPs: “The sort of thing that would clearly make a difference to the value of, say, the Royal Bank of Scotland is whether there is a demand to break it up into separate invest [...]

Posted On : Jan, 28 2011 | Comments : 0

Chinese banks hike lending rates 10-45%

Some Chinese banks have hiked interest rates on loans by as much as 45 percent in a drastic move to rein in credit growth after a lending surge this month, state media reported Wednesday. State-owned banks had handed out 1.2 trillio [...]

Posted On : Jan, 26 2011 | Comments : 0

China banks cut bad loans, raised provisions in 2010

Jan 25 (Reuters) - Chinese banks finished 2010 in a stronger position than they started, chipping away at their bad debt holdings and beefing up provisions in case their asset quality deteriorates, a new set of official data shows. But a [...]

Posted On : Jan, 25 2011 | Comments : 0

Sundance familiar territory for Elizabeth Banks

Returning to her roots at Sundance this year in two comedies, "My Idiot Brother" and "The Details," the native New Englander reflects on her favorite co-stars of all time, studying Shakespeare and swapping emails with [...]

Posted On : Jan, 24 2011 | Comments : 0

Gulf Arab Banks’ Loan Losses to Drop This Year, Fitch Says

Gulf Arab banks, including those in Saudi Arabia and the United Arab Emirates, are likely to report lower loan and investment losses in 2011 because impairments due to the global credit crisis have peaked, Fitch Ratings said. " [...]

Posted On : Jan, 23 2011 | Comments : 0

Euro Cup 2011: How Long Can Embattled Banks Play Kick the Ca...

European financial markets of all stripes enjoyed another nice bounce Tuesday in the face of widespread skepticism that European officials are doing little more than papering over their problems with talks aimed at expanding the continen [...]

Posted On : Jan, 19 2011 | Comments : 0

Banks Consider Australia Flood Costs

Australian government officials have begun tapping bankers for advice on how to meet flood costs that could total 15 billion Australian dollars (US$14.8 billion) in Queensland, a region that accounts for a fifth of the nation's econo [...]

Posted On : Jan, 17 2011 | Comments : 0

UK Banks Offering Yuan Conversion Services In UK

U.K. financial institutions recently started offering yuan conversion services in the U.K., following similar moves by U.K.-based Chinese lenders such as Bank of China Ltd. (3988.HK), the central bank-run Financial News reported Friday, [...]

Posted On : Jan, 14 2011 | Comments : 0

Banks Repossess 1 Million Homes in 2010

Lenders are poised to take back more homes this year than any other since the U.S. housing meltdown began in 2006. About 5 million borrowers are at least two months behind on their mortgages and more will miss payments as they struggle w [...]

Posted On : Jan, 13 2011 | Comments : 0

China banks may profit despite tighter policy

Data released Tuesday showed Chinese banks extended 480.7 billion yuan ($72.6 billion) of loans in December, beating the median estimate of 380 billion yuan in a Dow Jones Newswires survey of economists. For the full year, lending g [...]

Posted On : Jan, 12 2011 | Comments : 0

Asian Shares Mostly Lower; Banks Weak In Shanghai

Asian stock markets were mostly lower Monday with banks falling in Shanghai on concerns about further interest rate hikes, while severe flooding in Australia's Queensland state continued to trouble the Sydney market. Investor se [...]

Posted On : Jan, 10 2011 | Comments : 0

2 US banks get approval for China securities JVs

Two U.S. investment banks say they've been given the green light in China to operate domestic securities businesses with local partners. JP Morgan Chase & Co. said Friday that the China Securities Regulatory Commission approved i [...]