Blogs Posts in NEWS category; 568 blog posts

Global Investment Banking Revenue to Drop 4%

Investment-banking revenue will drop about 4 percent this year as commissions earned from advising on mergers, underwriting securities and trading fall, JPMorgan Cazenove analysts wrote in a note to clients. Revenue will be 13 percent low [...]

Posted On : Feb, 22 2012 | Comments : 0

Banking sector hits back at critic

The Australian banking sector has hit back after an offshore analyst cast doubts on the arguments used by the local sector for justifying lifting mortgage rates independently of the Reserve Bank this month. The Australian Bankers' As [...]

Posted On : Feb, 21 2012 | Comments : 0

AUSSIE BANKS FEEL THE PINCH

On 18 May 2011 Australians awoke to the surprising news that Moody’s Investors Service downgraded the long-term debt ratings of Australia’s pride and joy – the Big Four Banks – Australia and New Zealand Banking Gro [...]

Posted On : Feb, 20 2012 | Comments : 0

ANZ Bank Says First-Quarter Underlying Profit Increases to $...

Australia & New Zealand Banking Group Ltd. reported a 4.1 percent increase in underlying profit in the first quarter, saying credit growth is unlikely to return to pre-crisis levels in the “foreseeable future.” Unaudited unde [...]

Posted On : Feb, 17 2012 | Comments : 0

‘Banking, rail communications vital for Pakistan, India trad...

Karachi —Opening of bank branches, rail communication, and removal of non-tariff barriers are some of the important areas pointed out by trade and industry for normalization of trade between Pakistan and India. :President of India-P [...]

Posted On : Feb, 16 2012 | Comments : 0

Banking system should work for all: Swan

Federal Treasurer Wayne Swan says the latest financial results from Commonwealth Bank of Australia's (CBA) shows how "hugely profitable" it is, despite the volatile global markets. The CBA, along with the other big banks [...]

Posted On : Feb, 15 2012 | Comments : 0

China's Banks Face New Fee Regulations

BEIJING—China's banking regulator has drafted rules to stop banks from charging their customers excessive fees, which have become a focus of rising frustration in a country where customer service is seldom a priority. The new [...]

Posted On : Feb, 13 2012 | Comments : 0

American Banks Prove Inferior to Canadian Banks Led by TD

Toronto-Dominion Bank Chief Executive Officer Edmund Clark faced investor doubts when he announced in 2004 he was buying a U.S. consumer lender, challenging larger rivals such as Bank of America Corp. in the world’s largest financia [...]

Posted On : Feb, 09 2012 | Comments : 0

Lloyds Bank Benton centre to close and lose 150 jobs

The bank is cutting 150 staff at its administration centre in Manors Business Park, Benton, Newcastle, as part of restructuring that will see the closure of a further three offices nationwide, with total job losses of nearly 1,000. The [...]

Posted On : Feb, 08 2012 | Comments : 0

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 [...]