Blogs Posts in NEWS category; 601 blog posts

Markets trade flat, banking shares weigh

Markets were trading flat on Tuesday morning, tracking lacklustre cues from Asia and as some amount of profit booking seeped in banking and metal shares after the rally on Monday. The Nifty reclaimed 5,000 mark and touched a high of 5, [...]

Posted On : Sep, 28 2011 | Comments : 0

In European Banking Crisis, Inaction Isn't an Option

With the old Continent's sovereign-debt crisis barreling into the unknown, every investor, saver and banker should be scared, no matter where they reside. As a big hedge-fund manager told me last week: "We never, ever, thought th [...]

Posted On : Sep, 27 2011 | Comments : 0

SBP wants banking services for all

The State Bank of Pakistan (SBP) is committed to use all possible means to make the banking services accessible to all segments of the society. This was stated by Managing Director of SBP Banking Services Corporation Qasim Nawaz while ina [...]

Posted On : Sep, 26 2011 | Comments : 0

China’s Banking Regulator Evaluates Trust Loans to Developer...

China’s banking regulator is looking into financing of developers through trust companies as part of a broader evaluation of real estate lending, a person familiar with the matter said. The inquiries by the China Banking Regulato [...]

Posted On : Sep, 23 2011 | Comments : 0

RIL, banking stocks decline

Key benchmark indices hit fresh intraday lows in mid-morning trade as Asian shares tumbled. Asian stocks slumped on data showing a further slowdown in China's manufacturing sector and on Federal Reserve's assessment that the US ec [...]

Posted On : Sep, 22 2011 | Comments : 0

Banking stocks should help market in next few weeks: Mitesh ...

Mitesh Thacker: We cannot keep banking out of the scenario. It is good that among the banking stocks, heavyweights are doing better. So if we were to segregate the entire banking space, we would see that private sector stocks like HDFC Ba [...]

Posted On : Sep, 21 2011 | Comments : 0

Banking sector profit rises by 20 percent

The banking sector profit surged by 20 percent to Rs47.4 billion during the first half of 2011 against Rs39.3 billion in the corresponding period last year, a brokerage house report revealed on Monday. The profit is driven by higher ne [...]

Posted On : Sep, 20 2011 | Comments : 0

What price another French banking battle?

At one point last week SocGen’s market capitalisation dipped below €11bn, less than half its value in 1999, when it was locked in a three-way battle royale with BNP to acquire Paribas. For many years after the failure of tha [...]

Posted On : Sep, 19 2011 | Comments : 0

Banking regulation under new scrutiny after UBS loss

The loss of £1.3bn is a huge blow to the Swiss banking giant, which was already suffering in the global market. Oswald Gruebel, UBS chief executive called the loss "distressing" and said he "will spare no effort to es [...]

Posted On : Sep, 17 2011 | Comments : 0

Banking sector: State-run banks IDBI, Union Bank, PNB, Canar...

A convergence of high interest rates, volatile bond prices and an equally volatile stock market has led to bank stocks being pummelled to such an extent that the stocks of top banks have slumped to their lowest valuation in five years. Th [...]

Posted On : Sep, 15 2011 | Comments : 0

What banking reform means for you

The banking report from Sir John Vickers and the ICB didn't stop at demanding banks be broken up to protect consumers from failure. Elsewhere in the tome was a plan to radically change the way banks charge for their products. So wh [...]

Posted On : Sep, 13 2011 | Comments : 0

Coalition divides over 50p tax rate and banking reforms befo...

Coalition tensions have erupted over the 50p tax rate and the landmark report by Sir John Vickers to force banks to place a firewall between retail operations and their riskier "casino" investment arms. As Vickers prepared to [...]

Posted On : Sep, 12 2011 | Comments : 0

Banking on U.S. Infrastructure Revival

U.S. President Barack Obama is expected to propose an employment stimulus package worth over $300 billion (Bloomberg) in a speech to both houses of Congress on Thursday. The plan will aim to create new jobs through a combination of tax cu [...]

Posted On : Sep, 09 2011 | Comments : 0

Islamic finance spreads in Nigeria

Home to some 70 million Muslims, Nigeria is stepping up efforts to capitalize on the growing popularity of the one of the world's fastest-growing financial sectors: Islamic banking. Earlier this year the Central Bank of Nigeria announ [...]