Search Results for 'Bank'

US airlines sue Exim Bank over AI loan

WASHINGTON: The US airline industry has sued the Export Import Bank (Exim) alleging that its financial support to Indian national carrier Air India, which itself is in deep red, will harm the American airlines. In a revised complaint f [...]

Posted On : Feb, 21 2012 | Comments : 0

China Banking Shares Rise on Reserve Ratio Cut: Hong Kong Mo...

Feb. 20 (Bloomberg) -- Chinese banking shares climbed after the central bank reduced the proportion of deposits they must set aside, cutting the ratio for the second time in three months to fuel lending and sustain economic growth. Ind [...]

Posted On : Feb, 20 2012 | Comments : 0

World Bank’s role

Robert Zoellick has been a steadying force at the World Bank since he took over in 2007, after the abrupt departure of Paul Wolfowitz in an ethics scandal. He has restored a sense of pride and shared mission in an institution created 68 y [...]

Posted On : Feb, 17 2012 | Comments : 0

Banks and industrials lead rally for stocks after Greek cost...

Investors shook off their worries about Greece on Monday and got back to their routine of little-by-little gains. The Dow Jones industrial average climbed 73 points — nothing flashy, but enough to regain most of what it lost with an [...]

Posted On : Feb, 14 2012 | Comments : 0

Swiss banks seen as victims of own tradition

The banks had thought that they could always count on banking secrecy – a tradition that Switzerland still retains. Security, quality and trust… and banking secrecy. These are the qualities that have made the Swiss financial [...]

Posted On : Feb, 11 2012 | Comments : 0

RBS chief Stephen Hester tells bank staff to prove critics w...

Breaking his silence after the furore over his near £1m bonus and Fred Goodwin’s knighthood, Mr Hester emailed employees admitting that such political and media attention “makes the job harder”. Mr Hester waived hi [...]

Posted On : Feb, 08 2012 | Comments : 0

U.S. Banks Tally Their Exposure to Europe’s Debt Maelstrom

After a hurricane, homeowners check nervously to see if their insurance will cover all of their damages. With the European financial crisis still threatening a trail of defaults, United States banks are betting that their insurance is goi [...]

Posted On : Jan, 30 2012 | Comments : 0

Central Bank Becomes an Unlikely Hero in Euro Crisis

BERLIN — Throughout the month, countries caught in the eye of the European financial storm, including Italy, Spain and France, have repeatedly defied expectations, selling big batches of bonds to the public at interest rates signifi [...]

Posted On : Jan, 21 2012 | Comments : 0

Sensex maintains uptrend; banks, metals, power rally

The market continued to trade higher since the morning, led by power, metals, banks, auto and realty sectors. Reliance Industries and L&T too were playing supportive role. The Nifty sustained above the 5000 level quite nicely, which went [...]

Posted On : Jan, 19 2012 | Comments : 0

China banks lend RCOM $1.2bn

In a positive move for the debt-laden telecom major , Reliance Communications (RCOM) has tied up with a clutch of Chinese banks to refinance the maturity value of its outstanding FCCBs (foreign currency convertible bonds) worth $1.18 bill [...]

Posted On : Jan, 18 2012 | Comments : 0

Nifty rangebound; banks, metals, oil & gas gain

The National Stock Exchange's Nifty continued to move in a range led by gains in banks, metals and oil & gas space. According to analysts, the short-term trend is positive and traders are advised not to go short in the first week as t [...]

Posted On : Dec, 30 2011 | Comments : 0

Asian stocks mostly down on Europe bank worries

Asian stock markets were mostly lower Thursday amid new signs of pressure on Europe's banking system and a downturn on Wall Street. Benchmark oil lingered above $99 per barrel while the dollar rose against the euro but fell against th [...]

Posted On : Dec, 29 2011 | Comments : 0

Pakistan's banks face decline in credit quality

Dubai: The State Bank of Pakistan (SBP), Pakistan's central bank, has recently warned that the banks in the country are facing deteriorating credit quality despite a strong trend of banks investing heavily in government debt. Accor [...]

Posted On : Dec, 26 2011 | Comments : 0

European Banks Rush to Grasp Lifeline

Hundreds of euro-zone lenders took out €489.19 billion ($640 billion) in low-interest loans from the European Central Bank on Wednesday, as the currency area extended a massive financial lifeline to its struggling banking industry. [...]