Search Results for 'US'

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

National Australia Bank to review UK operatio

SYDNEY, Feb 7 (Reuters) - National Australia Bank , the country's top lender, opened the door for the sale of its underperforming UK operation worth about $4.5 billion after a rise in bad debt charges and sluggish growth. NAB said [...]

Posted On : Feb, 07 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

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

Central Banks Pushed to Act Amid Funding Squeeze

The squeeze that has driven funding costs for European banks to the highest since the aftermath of Lehman Brothers Holding Inc.’s collapse is prompting economists and traders to urge central banks to do more to fight the worsening d [...]

Posted On : Nov, 30 2011 | Comments : 0

Eurozone banks stressed by anxious governments

You would expect that to happen, given the way that banks both provide financial support to governments and are supported by them (as I discussed yesterday). To repeat: banks are encouraged by financial regulation to be big investors i [...]

Posted On : Nov, 24 2011 | Comments : 0

Banks allowed to refuse lobbyist’s business: court

Ari Ben-Menashe, the lobbyist whose dealings prompted Canada’s top spy watchdog to resign last week, is about to lose his banking privileges in Canada after a judge refused to intervene Friday. Quebec Superior Court Justice Richa [...]

Posted On : Nov, 19 2011 | Comments : 0

Europe’s Banks Should Keep Dumping Italian Bonds to Cut Risk...

Europe’s banks need to keep dumping Italian bonds and other assets tainted by the region’s debt woes to avoid being sucked into the epicenter of the crisis, said Christian Clausen, president of the European Banking Federation [...]

Posted On : Nov, 14 2011 | Comments : 0

Australia's ANZ Banking Group posts $5.5 B profit

One of Australia's largest banks, ANZ Banking Group, on Thursday posted a 19 percent rise in annual profit to 5.36 billion Australian dollars ($5.54 billion), boosted by a fall in bad debts. Australian banks proved resilient against t [...]

Posted On : Nov, 03 2011 | Comments : 0

Online banking keeps customers hook for fees

Customers frustrated by banks’ controversial new fees are finding out what industry insiders have known for years: It is not so easy to disentangle your life from your bank. The Internet banking services that have been sold to custo [...]

Posted On : Oct, 17 2011 | Comments : 0

Banking Industry Revamp Moves Step Closer to Law

Wall Street is bracing for major changes from a new rule that would overhaul how the banking industry conducts its trading. The Federal Deposit Insurance Corporation unanimously approved on Tuesday an initial version of the regulation, [...]

Posted On : Oct, 12 2011 | Comments : 0

Summer of Banking Delusion Brings Crisis to Europe’s Core: V...

Once upon a time, like this summer, Dexia SA (DEXB), the French-Belgian bank, was stable. By the measures global regulators deem important, its capital ratio stood at 11.4 percent of risk-weighted assets, according to data compiled by Blo [...]

Posted On : Oct, 07 2011 | Comments : 0

European banking authority to discuss Dexia Weds

he European Banking Authority will discuss Franco-Belgian bank Dexia's funding problems on Wednesday in a bid to stop them spreading to other lenders, the watchdog's chairman Andrea Enria said on Tuesday. The EBA board of super [...]

Posted On : Oct, 05 2011 | Comments : 0

Banking rules make free checking accounts elusive

Free banking services are not going away; they are just getting harder to find. On Friday, Bank of America announced it would begin charging most customers $5 a month for debit card usage next year, a move other big banks are testing. [...]