Blogs Posts in NEWS category; 601 blog posts

Bank Lending Growth To Remain Strong This Year, Says Public ...

Growth in bank lending is expected to remain strong this year on healthy loan demand, a sustainable economic recovery and ample credit supply, says Public Bank Bhd. It said loan demand from households and businesses is expected to r [...]

Posted On : Mar, 01 2011 | Comments : 0

U.A.E. Central Bank Would Like 85% Loan-Deposit Ratio, Gulf ...

The United Arab Emirates central bank would be happy to see a loan-to-deposit ratio of 85 percent for the country’s banking system, Gulf News reported, citing governor Sultan Bin Nasser al-Suwaidi. Banks in the federation had a loa [...]

Posted On : Feb, 28 2011 | Comments : 0

RBS cuts annual loss to £1.1bn

Royal Bank of Scotland, the part-nationalised bank, sharply reduced losses last year and said its recovery was ahead of schedule, despite an uptick in loan impairments in the final quarter. The bank posted a net loss of £1.1bn [...]

Posted On : Feb, 24 2011 | Comments : 0

Banking Industry Unites on ‘Swipe’ Fees, Presses Fed for Cha...

Trade groups representing banks such as JPMorgan Chase & Co. and Bank of America Corp. urged the Federal Reserve to delay and revise its proposed caps on debit- card “swipe” fees to study the rules’ impact on smalle [...]

Posted On : Feb, 23 2011 | Comments : 0

Bank of America Card Unit Takes $20.3 Billion Regulatory Cha...

Bank of America Corp. on Monday said its credit-card subsidiary was restating eight quarters of reports to regulators because it took a $20.3 billion write-down due to deteriorating credit and new regulations over the past two years. [...]

Posted On : Feb, 22 2011 | Comments : 0

Banking on a business-led recovery

As the country’s major banks get ready to report earnings this week, investors are taking a closer look at two areas of the balance sheet – commercial loans and consumer lending. Each will have something to say about what kin [...]

Posted On : Feb, 21 2011 | Comments : 0

National Bank of Greece Caps Alpha Bank Bid

National Bank of Greece SA, the country's largest bank by assets, may be ready to slightly sweeten the bid in its friendly takeover of Alpha Bank, but isn't prepared to double the premium that Alpha is demanding, a senior person [...]

Posted On : Feb, 20 2011 | Comments : 0

San Luis Trust Bank of California Fails And Sold To Bank Wit...

San Luis Trust Bank, FSB, San Luis Obispo, California, was closed today by the Office of Thrift Supervision which appointed the FDIC as receiver. The FDIC sold the failed bank to First California Bank, Westlake Village, California. [...]

Posted On : Feb, 19 2011 | Comments : 0

Banking rally offset weaker mining stocks to push Footsie ne...

LONDON’S BANKING stocks continued their good run yesterday, helping keep the FTSE 100 within reach of the 6,100-point mark. Evolution Securities added RBS to its “core buy portfolio”, saying it was a “clear benefi [...]

Posted On : Feb, 18 2011 | Comments : 0

Banking rally protects FTSE 100 from losses

London’s banking stocks continued their good run on Thursday, helping keep the FTSE 100 within reach of the 6,100-point mark. The strong showing, sparked by well-received earnings news from Barclays on Tuesday, moved into a third c [...]

Posted On : Feb, 17 2011 | Comments : 0

Nifty will cross 5500 if banking stocks continue to lead: As...

May be we could be sideways for a couple of days but really now the onus is on banking. If banking stocks continues the way they have been rallying for the last 3 days I think the Nifty will cross 5500 and may be will go even higher beca [...]

Posted On : Feb, 16 2011 | Comments : 0

Labour dispute to shut down Union Bank

The Association of Senior Staff of Banks, Insurance and Financial Institutions (ASSBIFI) has directed members who work for Union Bank to embark on an indefinite strike starting tomorrow. According to the association’s general secre [...]

Posted On : Feb, 15 2011 | Comments : 0

Labour pickets Union Bank

All 386 branches of Union Bank across the nation are to be shut down today as the Nigeria Labour Congress (NLC) has vowed to go ahead with its planned picketing of the 94-year old financial institution. Obukese Orere, secretary gene [...]

Posted On : Feb, 14 2011 | Comments : 0

Investment banking woe for Barclays

BARCLAYS chief executive Bob Diamond is expected to reveal a further fall in revenue at the bank's investment banking division Barcap this week. It will be offset by improved group performance because of a fall in bad debt charges, b [...]