Blogs Posts in NEWS category; 601 blog posts

Bank of China Shares Rise on Dividend Savings: Hong Kong Mov...

Bank of China Ltd. led Chinese banking shares higher in Hong Kong after their state-backed shareholder allowed the nation’s biggest lenders to cut dividend payouts, shoring up capital while avoiding share sales. Bank of China, th [...]

Posted On : Feb, 06 2012 | Comments : 0

Bank of England governance plan criticised

The Treasury Committee said the Bank's current governing body, the Court of the Bank of England, was antiquated and improvement plans were not sufficient. The central bank is to take powers back from the Financial Services Authority a [...]

Posted On : Jan, 23 2012 | Comments : 0

SBP injects Rs242.45bn into banking system

KARACHI: The State Bank of Pakistan (SBP) has injected over Rs242 billion into the money market as banks are facing liquidity shortage due to investment in the government securities. The central bank on Friday injected Rs242.45 billion [...]

Posted On : Jan, 21 2012 | Comments : 0

Australian Banks Brace Themselves For More Cuts

MELBOURNE—With Europe's problems threatening to spill over into a repeat of the 2008 financial crisis, lenders in Australia–one of the few countries to skirt a recession through that dark period–are preparing for the [...]

Posted On : Jan, 19 2012 | Comments : 0

SC new Islamic banking branch opened

Karachi—As part of Standard Chartered’s commitment to provide high quality Shariah-compliant banking products and services to its customers, the Bank inaugurated its Islamic Banking (Saadiq) branch at Khayaban-e-Hafiz, DHA, Ka [...]

Posted On : Jan, 17 2012 | Comments : 0

Islamic Banking fast gaining ground in Pakistan

LAHORE: Takaful, the Islamic mode of insurance, for being very transparent, is emerging globally as a very viable model and being used successfully as engine of growth in a number of Muslim countries. This was stated by Chief Executive [...]

Posted On : Jan, 15 2012 | Comments : 0

Nomura banking chief Jesse Bhattal resigns amid deep losses

Nomura Holdings's wholesale banking unit chief Jesse Bhattal resigned as Japan's biggest brokerage failed to absorb costs linked to overseas operations acquired from Lehman Brothers Holdings. Bhattal, who was also deputy presid [...]

Posted On : Jan, 11 2012 | Comments : 0

Bank of America severing some small-business credit lines

Bank of America Corp., under pressure to raise capital and cut risks, is severing lines of credit to some small-business owners who have used them to stay afloat. The Charlotte, N.C., bank is demanding that these customers pay off thei [...]

Posted On : Jan, 03 2012 | Comments : 0

Banking habits set to change as Lagos commences cash-lite po...

As the Nigerian economy gears up to move into cashless mode which commences effectively in Lagos today, there are strong indications that banking habits will change, initially to apathy and later to full embracement. But, while this [...]

Posted On : Jan, 02 2012 | Comments : 0

Banking wipeout leads Europe's stocks down

European shares rose on Friday but still recorded their biggest annual drop since the onset of the financial crisis as debt tensions in the euro zone strained the financial sector and threatened to derail a fragile economic recovery. T [...]

Posted On : Dec, 31 2011 | Comments : 0

Banks Face Off For Facebook IPO

This year has been lackluster for Wall Street bankers. But next year, there's Facebook Inc. Up for grabs is the lead investment-banking role in the social-networking site's initial public offering, and long-time rivals Goldman Sac [...]

Posted On : Dec, 30 2011 | Comments : 0

E-Banking transactions jump 19% in 2nd HFY11

KARACHI: The value of e-Banking transactions aggregated to Rs 12 trillion during the second half of fiscal year 2011 (FY11) showing an increase of 19.0 percent as compared to the first half of the year, says State Bank of Pakistan’s [...]

Posted On : Dec, 29 2011 | Comments : 0

Meezan Bank to provide financing to Linde Pakistan

karachi—Meezan Bank Ltd. and Linde Pakistan Ltd. (formerly known as BOC Pakistan Limited) have entered into a Diminishing Musharakah Agreement for the setup of a new state-of-the-art Air Separation Plant and related supply chain equ [...]

Posted On : Dec, 28 2011 | Comments : 0

Chinese banks under pressure to raise cash next year: China ...

SHANGHAI: China's listed banks are expected to raise over 100 billion yuan ($15.78 billion) through equity financing next year as they face pressure to replenish capital due to rapid loan growth and tighter regulation, the China Secur [...]