Search Results for 'po'

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

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

China Bank Crisis Led by Debt Seen by 61% in Global Poll

Most global investors predict China will face a banking crisis within the next five years, paring their appetite for the nation’s shares and eroding confidence in its leadership, a Bloomberg Global Poll indicated. Sixty-one perce [...]

Posted On : Dec, 09 2011 | Comments : 0

The next decade for Indian banking — opportunities galore

India is a land of great opportunity. The rapid changes of the last decade are a precursor to the much greater growth and prosperity that we can achieve in the coming years. The coming decade has the potential to take India’s econom [...]

Posted On : Dec, 01 2011 | Comments : 0

Move to have more power over banks ‘prudential:’ Flaherty

As Canadian banks increasingly buy assets around the world, Ottawa has grown concerned about them allocating too much of their capital outside Canada, backstopping foreign operations at the cost of Canadian ones. Those concerns prompte [...]

Posted On : Nov, 26 2011 | Comments : 0

‘Opportunity in private banking space growing’

With per capita incomes rising and the affluent among the rural population growing, the Indian private banking AUM ( assets under management) has grown by 25 per cent in the last three years. An expectation that this growth would continue [...]

Posted On : Nov, 06 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

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

Corporates get entry into banking with riders

The Reserve Bank of India has allowed private sector groups to seek banking licences through a wholly-owned non-operative holding company (NOHC) to be registered with the RBI as a non-banking finance company. In its draft guidelines for l [...]

Posted On : Aug, 30 2011 | Comments : 0

Capital One's Deals Forge Strategy For Post-Crisis Banking

Capital One Financial Corp. (COF) has found a way to grow despite the lingering hangover from the financial crisis. Its method: Do deals. While the Dow Jones Industrial Average fell 1.5% last week, the McLean, Va., ban [...]

Posted On : Aug, 16 2011 | Comments : 0

Banking companies oppose nationalisation

It says ANC Youth League president Julius Malema's repeated calls for nationalisation are "worrying". Sandisiwe Gugushe, spokesman for the Banking Association of South Africa, said it would continue to debate nationalisation [...]

Posted On : Jun, 29 2011 | Comments : 0

Lloyds Opposition to Branch Sales Risks Probe

Lloyds Banking Group Plc (LLOY) should recognize it risks a protracted and costly competition investigation if it ignores pressure to sell more assets, according to a person with knowledge of the situation. While the bank last week off [...]

Posted On : Jun, 15 2011 | Comments : 0

Banking industry posts double-digit profit growth

The consolidated income of universal and commercial banks in the country continued to register double-digit growth, supporting projections by regulators that industry profit would rise this year as demand for bank products and services in [...]

Posted On : May, 30 2011 | Comments : 0

Banking on savings deposits

Most of the discussions on the Reserve Bank of India's (RBI) 'Discussion Paper' on deregulating the interest rate paid by banks on savings deposits have focused on the micro level; on what deregulation could mean for individua [...]