Blogs Posts in Gossips category; 55 blog posts

Banking stocks propel FBM KLCI to a two-year high

Banking stocks are the big winners of a higher interest rate, with their share prices up sharply for a second straight day on expectation that bottomlines will be boosted by fatter margins amid a recovering economy. Local sentiment was b [...]

Posted On : Mar, 09 2010 | Comments : 0

British banking faces major makeover

Britain's retail banking sector is in the midst of a major makeover as lenders post sharply-improved earnings, bosses relinquish bonuses and new players prepare to join a recovering market. Half-way into the earnings season, analysts [...]

Posted On : Mar, 01 2010 | Comments : 0

Royal Bank Of Scotland CEO Stephen Hester Said To Forgo 2009...

Royal Bank of Scotland Group plc (RBS: News ,RBS.L: News ) Chief Executive Officer Stephen Hester will forgo about GBP 1.6 million or US$2.5 million bonus for 2009 amid public outcry, according to reports. The Edinburgh, Scot [...]

Posted On : Feb, 22 2010 | Comments : 0

Bank of America's Secret of Success: Real-Estate Banking

Bank of America Corp.'s shotgun marriage to Merrill Lynch & Co. has produced plenty of ill will, and big profits in real-estate investment banking. The Charlotte, N.C., bank blew away the competition last year in the business of underw [...]

Posted On : Jan, 13 2010 | Comments : 0

British banking ratings 'unaffected' by Dubai

International ratings agency Fitch said on Tuesday that the outlook for major British banks was "unaffected" by their exposure to the Middle East following Dubai's debt woes. However Fitch said HSBC and Standard Chartered, the two [...]

Posted On : Dec, 02 2009 | Comments : 0

Take a punt on how much further British banking stocks can r...

THE Bank of England’s secret deal which saw it lend ailing Royal Bank of Scotland and HBOS an astonishing £61.6bn last October was a timely reminder of just how bad the situation was this time last year.The global financial syst [...]

Posted On : Nov, 26 2009 | Comments : 0

Banking Committee Chairman Chris Dodd, a Favorite of Wall St...

Position Chris Dodd is a native of Connecticut and the state's longest-serving U.S. senator, at nearly 30 years. His father, Thomas Dodd, also represented Connecticut for more than a decade as a Democratic senator, from 1959 to 1971. After [...]

Posted On : Nov, 24 2009 | Comments : 0

Sean O'Grady: Bank's plan is perfect, and flawed

Just as the world suffered grievously from the banking sector's ability to invent complex securities that no one understood, and thus were impossible to manage or value, are we now about to create a regulatory system that is also too compli [...]

Posted On : Nov, 23 2009 | Comments : 0

UK proposes tough new banking laws

The British government on Thursday published proposals for tough new banking laws that would give the country's main financial watchdog the power to claw back bonuses that breach internationally agreed rules.The proposals also widen the rem [...]

Posted On : Nov, 20 2009 | Comments : 0

CBN traces 60 shops in Dubai to sacked bank chief

The Governor of the nation's Central Bank, Sanusi Lamido Sanusi, stated yesterday that the bank has traced about 60 shops in Dubai to one of the sacked bank chief executive officers. Mr. Sanusi disclosed this in his presentation at the nint [...]

Posted On : Nov, 17 2009 | Comments : 0

HSBC merges markets, banking operations

One of the world's biggest banks HSBC Holding Plc has merged its global markets and banking operations in Australia, appointing one executive to lead the combined division. HSBC Bank Australia appointed Tony Cripps, who has been with the ba [...]

Posted On : Nov, 16 2009 | Comments : 0

Deutsche Bank's quarterly profits surge

Deutsche Bank, Germany's largest bank, yesterday said that its most valuable investment banking activities had given a sharp boost to its quarterly net profit. The bank's best-ever third quarter for debt and equities sales and trading - com [...]

Posted On : Oct, 31 2009 | Comments : 0

Central bank lowers rate, but signals further cuts unlikely

The central bank on Wednesday cut its benchmark interest rate for the ninth consecutive month, but signaled further cuts this year were unlikely as inflation was likely to pick up again. Bank Indonesia (BI) cut its rate by 25 basis points [...]