Charleston Business Daily - Banking And Finance News

Banking And Finance News

Who are the Bank of Baroda, Raphaels Bank and Aldermore? Wednesday, July 28, 2010 @ 12:01AMTopping the best buy tables are unknown banks such as the Bank of Baroda, Raphaels Bank, Aldermore and AK Bank.
Speech by the Chancellor of the Exchequer, the Rt Hon George Osborne MP, UK and India: a new economic partnership, Taj ... Tuesday, July 27, 2010 @ 11:59PMWelcome everyone. I want to thank the Indian Banks’ Association, as well as UK Trade and Investment, for hosting this speech. And I also want to thank OP Bhatt for the kind introduction.
China and bust? Tuesday, July 27, 2010 @ 11:55PMFrom Ed …the private sector in the west is in a higher savings and slower growth mode. The only way that the government can net save at the same time is via an increase in net exports to the emerging economies. The FT’s Geoff Dyer is right when he writes the “G20 [...]
Daiwa Cedes Bond Underwriting to Nikko After JV Ends Tuesday, July 27, 2010 @ 11:54PMDaiwa Securities Group Inc., Japan’s second-biggest brokerage, fell behind Nikko Cordial Securities Inc. in bond underwriting fees for the first time, after ending a joint venture with Nikko’s parent, Sumitomo Mitsui Financial Group Inc.
QNB gets approval to open branch in Lebanon Tuesday, July 27, 2010 @ 11:53PMQNB gets approval to open branch in Lebanon
10 things where Paul Octopus can make a difference Tuesday, July 27, 2010 @ 11:50PMFrom match-making for young Indians to choosing the Indian cricket team to rescuing nations from economic ruin, many commentators feel Paul could be very useful. Will the octopus please help?
Wolters Kluwer Extends Maturity Profile Tuesday, July 27, 2010 @ 11:35PMALPHEN AAN DEN RIJN, NETHERLANDS--(Marketwire - July 28, 2010) -
Consumer credit slide contrasts with inflation threat Tuesday, July 27, 2010 @ 6:33PMAs economists ponder today's inflation figures, a steep fall in consumer credit is showing the economy is far from full steam ahead.
Philippine Property Stock Valuations May Rise on REITs, First Metro Says Tuesday, July 27, 2010 @ 6:27PMThe Philippines’s plan to offer tax breaks for real estate investment trusts may boost the valuation of property stocks and offer a new avenue for fundraising, according to the nation’s second-best performing fund manager.
CBN Boosts Real Sector with N130bn Tuesday, July 27, 2010 @ 6:19PMThe Central Bank of Nigeria (CBN) said yesterday that it has released over N130 billion to small and medium scale enterprises (SMEs) through the Bank of Industry (BOI).
Corporate law enforcer rejects bank probe claims Tuesday, July 27, 2010 @ 6:15PMTHE enforcer of corporate law has rejected accusations that investigations into the banking sector have not been prioritised because the office is reacting to the will of Government.
Croak hired to fill VISD finance vacancy Tuesday, July 27, 2010 @ 6:04PMDavid Croak has been hired as the new VISD executive director of business and finance.
IMF Directors Split Over Whether China’s Yuan Is Undervalued Tuesday, July 27, 2010 @ 6:04PMInternational Monetary Fund directors split over whether the yuan is undervalued, reflecting similar differences between U.S. and Chinese officials over the nation’s exchange-rate regime.
Too Cash-Strapped For A Boom - How Italy's Permanent Crisis Saved It From The Downturn Tuesday, July 27, 2010 @ 6:03PMIn theory, Italy, with its huge public debt, should be one of the euro zone's problem children. In reality, the country has come through the current crisis relatively unscathed. Can the rest of Europe learn something from its southern neighbor?
Branson's back for another crack at finance market Tuesday, July 27, 2010 @ 5:57PMSEVEN years ago, Richard Branson flew into Australia, blondes on his arm, toothy grin on his face, idly promising to take on the big banks.
Shares make gains in morning trade Tuesday, July 27, 2010 @ 5:53PMPGG Wrightson, New Zealand's biggest rural services company, led gainers on the NZX 50 Index on the prospects of a windfall gain from the sale of its stake in NZ Farming Systems Uruguay.
Regulator sees no risks from local govt loans Tuesday, July 27, 2010 @ 5:39PMThe China Banking Regulatory Commission (CBRC) said on Tuesday that nearly one-fifth of the bank loans disbursed to local governments are questionable, but will not cause any systemic risks to the banking sector.
Banks 'could be forced to lend' Sunday, July 25, 2010 @ 4:08PMBanks could be forced to divert cash from bonuses and shareholder dividends to boost lending to recession-hit businesses, the Government is to announce.
EU govts relieved by stress tests Sunday, July 25, 2010 @ 4:01PMEU has sighed with relief after all but a handful of the continent's banks passed financial stress tests.
EU, IMF experts set for new Greece visit Sunday, July 25, 2010 @ 3:53PMA team of European and IMF experts will on Monday begin a second visit to Greece to assess the impact of government austerity measures aimed at taming the country's debt crisis, the finance ministry said.
Winners and losers from economic concentration Sunday, July 25, 2010 @ 3:16PMThe prime minister has promised to do something about it, though nothing concrete has actually been done. Meanwhile, the public may feel the issue to be a general one, not a problem that impacts them personally. But it does. Just look at how we spend money.
Emerging Capital Partners Closes Africa Fund III at $613 Million Sunday, July 25, 2010 @ 3:05PMEmerging Capital Partners , an international private equity firm focused on investing across the African continent, announced today the final close of its ECP Africa Fund III PCC with total commitments of over $613 million. Â Africa Fund III, one of the largest funds ever raised for investment across the African continent, marks the seventh fund managed by ECP, bringing the firm's total capital ...
Banks told: lend more or lose bonuses Sunday, July 25, 2010 @ 3:04PMBankers are to be forced to lend to businesses or risk losing their bonuses under plans to be outlined by Vince Cable, the Business Secretary.
Banks' NPAs at alarming level, real estate a worry Sunday, July 25, 2010 @ 2:45PMBanks' NPAs at alarming level, real estate a worryBanks' NPAs at alarming level, real estate a worry
Bank manager to front court over missing money Sunday, July 25, 2010 @ 2:26PMA far north Queensland bank manager who disappeared during an investigation into missing money will appear in court today after being found on the weekend.
Banks 'could be forced to lend' Sunday, July 25, 2010 @ 1:36PMBanks could be forced to divert cash from bonuses and shareholder dividends to boost lending to recession-hit businesses, the Government is to announce. Related Stories Bank Holiday crackdown on the roads Poor visibility for pilgrims' climb UK Youth Parliament at NI Assembly Motorcyclist dies in Belfast crash Gillian Duffy backs David Miliband
Column : Pranab rises above the turf wars Sunday, July 25, 2010 @ 1:12PMThere was an impression that finance minister Pranab Mukherjee had sprung a nasty surprise to many by delivering .....
Federal Bank opens branch Friday, July 23, 2010 @ 7:17AMAgencies New Delhi, July 23: Private sector lender Federal Bank today inaugurated its first corporate banking branch in the capital to offer total financial solution to corporate.
Gone with the wand Friday, July 23, 2010 @ 7:13AMIt took just minutes to reveal the private reality of what had been a very public face.
Smoke and mirrors Friday, July 23, 2010 @ 7:03AMBabcock & Brown’s conjuring act was laid bare in the Federal Court this week, write Michael Evans and Danny John.
Gone with the wand Friday, July 23, 2010 @ 7:00AMThe opening questions appeared innocuous enough. You were the managing director of Babcock & Brown? Yes. Between 2004 and 2007, you were variously described in Babcock & Brown annual reports as its managing director, chief executive officer and group chief executive? Yes.
China Banks Said to See Risks in 23% of $1.1 Trillion Public-Project Loans Friday, July 23, 2010 @ 6:59AMChinese banks may struggle to recoup about 23 percent of the 7.7 trillion yuan ($1.1 trillion) they’ve lent to finance local government infrastructure projects, according to a person with knowledge of data collected by the nation’s regulator.
German officials not worried about stress test results Friday, July 23, 2010 @ 6:56AM(FRANKFURT ) - German officials were at ease on Friday as they waited for results of bank stress tests aimed at determining the health of Europe's financial sector.
1STLEAD:Europe bids to reassure markets as stress tests loom Friday, July 23, 2010 @ 6:29AMBrussels - European Union officials on Friday tried to reassure markets that the bloc's banking sector is in good shape, hours before regulators publish "stress tests" which some lenders are expected to fail.
ICICI Bank creeps up on Bay Street Friday, July 23, 2010 @ 6:24AMIn less than a decade ICICI Bank Canada, a subsidiary of India’s largest private sector lender, has grown from nothing to a formidable player in online banking, sparking rumours that it might buy one of the smaller domestic players
Markets rebound Friday, July 23, 2010 @ 6:14AMKUALA LUMPUR: Asian markets including Bursa Malaysia closed higher on Friday, July 23, as sentiment was underpinned by the firm overnight close on Wall Street, though there was a wary eye cast on the European bank stress tests results due later in the day.The FBM KLCI closed 9.63 points higher at 1,345.68. Turnover neared the one billion units done, at 993.351 million shares worth RM1.430 ...
Bermuda Participates in Captive Summit Mexico 2010 Friday, July 23, 2010 @ 6:09AMHAMILTON, Bermuda----Bermuda is reinforcing and promoting its strong, secure international business message to the Latin American market this week.
New rules, big changes coming for financial world Saturday, July 10, 2010 @ 3:40PMBig changes are in store for the financial world from a government crackdown more than a year in the making.
New rules, big changes coming for financial world Saturday, July 10, 2010 @ 3:40PMBig changes are in store for the financial world from a government crackdown more than a year in the making. Democratic leaders in the Senate are trying to secure the final votes needed to pass legislation this coming week that would impose the most sweeping rules on banks and Wall Street since the Great Depression.
Zimbabwe's Leading Sunday Newspaper Saturday, July 10, 2010 @ 3:15PMTHE Reserve Bank of Zimbabwe (RBZ) tapped into the international reserves backing the statutory reserves of banks and sold its shares on the Zimbabwe Stock Exchange to finance its operations from January last year to March this year without board oversight, a report by the International Monetary Fund (IMF) shows.
Osborne defies EU over base for regulator Saturday, July 10, 2010 @ 2:58PMGeorge Osborne is to demand that one of the three new "super-regulators" planned by the European Union is based in London, after the European Parliament said that all three should be in Frankfurt.
Man Flown to Hospital After Farm Accident Saturday, July 10, 2010 @ 2:45PMA Gallia County man has been air-lifted to a hospital after an accident on some farming equipment.
Now hiring: Local job market starting to recover Saturday, July 10, 2010 @ 1:54PMIt’s not a scientific survey, but 10 Colorado Springs-area employers contacted by The Gazette recently are doing something that many job hunters haven’t seen in a while — they’re hiring. And in some cases, they’re adding hundreds of...
Man Misuses Funds Meant to Bring Internet to Rural Areas of W.Va, Ohio Saturday, July 10, 2010 @ 1:00PMAn Ohio computer executive has been convicted for misleading investigators about a scheme to misuse public funds intended to bring broadband Internet service to rural areas of West Virginia and Ohio.
Alcoa-Saudi JV raises $4.5bn funds for mega plant Saturday, July 10, 2010 @ 10:56AMThe $5bn aluminium smelter will be 65% financed by debt and 35% by equity.
ReadWriteWeb Events Guide, 10 July 2010 Saturday, July 10, 2010 @ 10:23AMWe're always on the lookout for upcoming Web tech events from around world. Know of any we're missing? Let us know in the comments. You can import individual events in the Events Guide into Google Calendar using the link beside each entry, or download the entire thing as an iCal file (which is importable into Google Calendar, Outlook, Windows Live Calendar, etc.) or even view it as a world map ...
Wall Street Whispers: What Wells Fargo's Move Really Means Saturday, July 10, 2010 @ 10:13AMWells Fargo is exiting subprime, charging for a service that used to be free and whittling down its massive branch network. For investors, none of this is bad news.
Erik Nielsen On Europe Past And (Immediate And Rosy) Future Sunday, May 30, 2010 @ 7:43PMGoldman's Erik Nielsen has yet to disclose if he is joining his Euro-pal Jim O'Neill in declaring all out war on the bears (for those unsure about the reference see here , and FYI Jim, the grizzlies send their love... and in keeping with the animal references, they don't really give a rats ass about the occasional dead cat bounce). What he has no problem disclosing, however, is his latest round ...
CBN Provides Finance for Aviation Sector Sunday, May 30, 2010 @ 7:40PMThe Central Bank of Nigeria (CBN) is providing financial assistance to airlines to end the crisis rocking the aviation sector.
A chill wind through house prices Sunday, May 30, 2010 @ 6:39PMAustralia's housing market is showing signs of cooling as interest rates rise. But not all regions and areas are losing their heat equally. 31 May 2010 11:29 AM