Search Results for 'System'

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

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

Allied Irish Banks settles over ‘problematic’ Oracle softwar...

Allied Irish Banks (AIB) has reached a settlement with Oracle in a €84 million case over the implementation of a software system that the bank claimed was "beset with serious technical problems". Details of the settlement [...]

Posted On : Nov, 28 2011 | Comments : 0

Shaky underground banking system raises fears in China

Reporting from Beijing— These are humbling times for a city that flaunts its entrepreneurial success with exotic cars and luxury apartments. Wenzhou, a city in southern Zhejiang province famed for its savvy, risk-taking merchants [...]

Posted On : Oct, 14 2011 | Comments : 0

Italian Banking System More Solid Than Peers

Italian banks are sound and their solidity is "benefiting the country more than other advanced economies," Bank of Italy Governor Mario Draghi said Wednesday. Italian banking shares are down more than 25% in the past three month [...]

Posted On : Jul, 13 2011 | Comments : 0

Philippine banking system to remain stable: Fitch Ratings

Philippine banks will remain financially stable thanks to a growing local economy and relatively low asset quality risk, Fitch Ratings said Wednesday. The London-based ratings agency expects the Philippine economy to rise 5 percent to [...]

Posted On : Jul, 06 2011 | Comments : 0

ANALYSIS: New banking systems —Syed Kamran Hashmi?

The concept of deposit multiplication in fractional reserve banking has led to enormous economic growth globally in the last two centuries. Concomitantly, the landmark Bank Charter Act of 1844 by British parliament paved the way to establ [...]

Posted On : Jun, 06 2011 | Comments : 0

Banking System Remains Well-capitalised

The banking system remained well-capitalised in September with the risk-weighted capital ratio and core capital ratio at 14.8 per cent and 13.1 per cent, respectively, says Bank Negara Malaysia (BNM). In a statement Friday, the central b [...]

Posted On : Oct, 30 2010 | Comments : 0

The Broken Global Banking System

Let's be honest: the banking system is now fully dysfunctional. It has failed in its primary purpose: to act as a machine for lending into the real economy. Instead the banking system has been turned on its head, and become a borrowi [...]

Posted On : Oct, 04 2010 | Comments : 0

'Islamic banking system needs improvement'

The present Islamic banking requires improvements to bring it in full conformity with Shariah and every one has to play his role in this regard, said Muhammad Ayub, a globally recognised scholar in Islamic Economics here Friday. The State B [...]

Posted On : Jan, 23 2010 | Comments : 0

Obama Bank Curbs May Not Leave US Financial System Much Safe...

President Barack Obama’s proposal to impose limits on commercial banks may win him support on Main Street and shake up Wall Street without doing much to make the financial system safer overall. The plan, which is still lacking in det [...]

Posted On : Jan, 22 2010 | Comments : 0

Banking system NPLs reach Rs359.3b

The non-performing loans (NPLs) of the banking system witnessed an astonishing rise of 64.8 per cent during CY08, reaching Rs 359.3 billion by the end of the year. This is the biggest increase in a single year since CY97, says SBP Financial [...]