Blogs Posts in Gossips category; 55 blog posts

National Australia Bank to review UK operatio

SYDNEY, Feb 7 (Reuters) - National Australia Bank , the country's top lender, opened the door for the sale of its underperforming UK operation worth about $4.5 billion after a rise in bad debt charges and sluggish growth. NAB said [...]

Posted On : Feb, 07 2012 | Comments : 0

Meezan Bank holds Shariah Supervisory Board meeting

The 18th Shariah Supervisory Board meeting of Meezan Bank Limited was held at the Darul Uloom Korangi here on Thursday. A statement issued here said that the meeting was chaired by Justice (Retd) Muhammad Taqi Usmani. Other members of the [...]

Posted On : Jan, 06 2012 | Comments : 0

MAJOR COMPANIES DECLARE RESULTS

Meezan Bank Limited has announced 130 percent growth in the net profit to Rs2.29 billion for the nine months ended on September 30 against Rs995 million net profit during the corresponding months last year, a statement said on Monday. [...]

Posted On : Nov, 01 2011 | Comments : 0

Banking sources: Egypt to extend tenure of central bank chie...

Egypt’s ruling Supreme Council of the Armed Forces (SCAF) is leaning toward extending the tenure of Central Bank of Egypt (CBE) Governor Farouk al-Oqda for an additional four years, banking sources have said. Oqda has held the po [...]

Posted On : Oct, 10 2011 | Comments : 0

Nothing is wrong with Islamic banking –Cleric

Three of the main issues generating controversies in the country at the moment are whether or not Nigeria should embrace Islamic banking; the six-year single tenure for the president and governors, and the raging Boko Haram violence. Whil [...]

Posted On : Aug, 25 2011 | Comments : 0

Sensex up by 216 points on rise in banking, metal and realty

Fresh buying at banking, metal and realty counters pushed up the BSE benchmark Sensex by 216 points in early trade today despite mixed global cues. The BSE benchmark Sensex resumed higher at 18,362.45 and shot up further to 18,563.75 befo [...]

Posted On : May, 13 2011 | Comments : 0

Gulliver: Commercial banking is our DNA

HSBC unveiled a strategic overhaul yesterday that will see the bank cut up to $3.5bn (£2.14bn) in costs, cut “subscale” retail operations and review its presence in 39 countries. “We are not going to try to be a [...]

Posted On : May, 12 2011 | Comments : 0

Japan Banking Lobby Urges Kan to Unveil Tepco Rescue Plan

Japan should develop a plan to provide financial support for Tokyo Electric Power Co. before banks including Sumitomo Mitsui Financial Group Inc. (8316) resume lending to the owner of the crippled nuclear plant, the nation’s bankin [...]

Posted On : Apr, 06 2011 | Comments : 0

Raghuram Rajan against giving banking licence to cos

Former IMF chief economist Raghuram Rajan is not in favour of the government giving banking licence to corporate houses. "I think the old RBI policy of not allowing corporates banking licence was good one. I still stand by that. Whe [...]

Posted On : Apr, 02 2011 | Comments : 0

Top Islamic banking forum a big success

This year's World Islamic Banking Conference (WIBC) has been the biggest event of its kind ever, the organiser claimed yesterday. On the closing day of the conference, Mega Events managing director David McLean, who has organised all [...]

Posted On : Nov, 25 2010 | Comments : 0

China Tells Banks to Take Back Trust Firms Loans, People Say

China’s banking regulator has ordered lenders to set aside provisions for loans they’ve transferred to trust companies to cushion against potential risks, three people with knowledge of the situation said. The loans must be t [...]

Posted On : Aug, 10 2010 | Comments : 0

Bendigo and Adelaide Bank has supported the Australian bulls

Commonwealth Bank Bendigo and Adelaide Bank reported an increase in net profit for the fiscal year ending June 30 to A $ 83,8 million to A $ 242,6 million ($ 223 million). Analysts on average expected profit at A $ 264,3 million, almost [...]

Posted On : Aug, 09 2010 | Comments : 0

Central bank may further increase discount rate by 100bps th...

The State Bank of Pakistan (SBP) may hike discount rate by a further 100 basis points (bps) in the current fiscal year (starting in July 2010), taking the overnight deposit and lending rates to 11 percent and 14 percent, respectively. [...]

Posted On : Aug, 06 2010 | Comments : 0

Banking figures 'confirm decline of small business lending',...

The Forum of Private Business is responding to the latest figures from the British Bankers' Association (BBA), which show that lending to the UK's small firms is in decline. The banking trade association's figures indicating [...]