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10 Jan 12 - Business Banking News
ANZ rate move to disturb summer's calm
Such a move would make it three rate cuts in as many meetings, and heap pressure on all the commercial banks to follow suit - including the ANZ.
FIDF shift carries pitfalls for commercial banking
The cabinet yesterday approved a draft decree saying the central bank will supervise the FIDF and be allowed to raise fees to up to 1% on deposits at commercial banks. The market reacted negatively even though the government insisted the new rate ...
HSBC's Bottomley to Succeed Watkinson in North America Role
“Steve will lead a growing commercial banking business here, which is at the center of HSBC's strategy in the region,” Dorner said in the statement.
China's city, rural bank at IPO approval door
By Zhao Jingting and Lu Yuan BEIJING ( Caixin Online ) - Regulators appear ready to reopen the door for commercial bank listings by inviting the nation's smaller banks to go public in 2012.
Bankers' opposition to Volcker rule is no surprise
Firms that looked on the outside to be garden-variety commercial banks borrowing from depositors and lending to businesses, such as Bank of America and Citigroup, were going to town with a blank check from the government.
Banks to review interest rates
By Henry Mukasa Commercial banks have offered to review interest rates on old loans for clients which shot up after the Central bank hiked its lending rates to the financial institutions.
Jasjit Bhattal resigned from Nomura today Source: Supplied
The bank, however, has gained little traction in the high-profile business of investment banking. Revenue in that area slid 28 per cent in 2011 to $US908 million, according to Dealogic estimates, even as the overall fee pool was broadly stable.
Wall Street considers pay freeze on junior bankers
Word of lower entry-level pay at one bank can hinder recruiting at top business schools, which is why the biggest banks rarely consider such pay freezes. A plunge in trading revenue last year, stagnating economic growth and Europe's sovereign-debt ...
Michael J. Sykes Joins Bank of Hampton Roads Real Estate Lending Unit
The Company's primary subsidiaries are Bank of Hampton Roads, which opened for business in 1987, and Shore Bank, which opened in 1961 (the "Banks").
Big Banks Face Inquiry Over Home Insurance
The banks, in separate negotiations with federal and state authorities over suspected foreclosure abuses, have been trying to negotiate a settlement with state and federal officials to avoid future investigations, but it is not clear if businesses like ...
bank deposits decline by 0.8%
"Money supply aggregate, M2, which comprises M1 and quasi-monetary deposits [resident time and savings deposits in dirhams, commercial prepayments in dirhams and resident deposits in foreign currencies], increased by 0.4 per cent from Dh818.9 billion ...
FICO Powers Philippines' Bank of Commerce Consumer Lending Business
Historically a commercial bank, Bank of Commerce established a consumer banking division in 2010 and has begun introducing personal loans, credit cards, mortgages and auto loans.
Vestjysk Bank Hits Two-Decade Low as Rescue Options Dwindle
The call raises questions about the banking industry's commitment to solving Denmark's banking crisis, Ole Sohn, Denmark's minister of business and growth, said in an interview with Ritzau Finans. Denmark passed its fourth bank rescue package last year ...
Royal Bank of Scotland rises as UBS suggests sale of Citizens, while Aviva ...
Royal Bank of Scotland is widely expected to announce an overhaul of its investment banking business this week, putting parts of the division up for sale and possibly cutting thousands of jobs.
MetLife Exits Mortgage Business, Most of 4300 Will Lose Jobs
The Federal Reserve, which oversees MetLife because of its size and banking operations, rejected its plan last year to raise the dividend and resume share buybacks.
European Central Bank poised to hold rates steady, new personnel means ...
Rate cuts can spur growth by making borrowing cheaper for businesses and consumers. Analysts at Bank of America-Merrill Lynch think sagging growth will lead the ECB to cut quickly by a quarter point both Thursday and at the February meeting to “take ...
Banks assume a licence to print profits
These suggest the banks are not the benevolent bunch they might claim to be. Most glaringly, all signs suggest the industry is far more profitable than it probably should be, considering its level of risk.
UniCredit Plunge Seen Deterring EU Banks From Stock Sales
Banks are selling profitable businesses and curbing lending to improve capital ratios and avoid government bailouts, even after the European Central Bank provided unprecedented three- year loans to avert a credit crunch. Italian banks borrowed 210 ...
Sir Richard Branson: 'Bankers were greedy, they're discredited. With me ...
Later, on the train back to London, Sir Richard told me how he plans to turn banking on its head: "Bankers have been discredited and they have run their businesses badly. It was their greed that could so easily have caused the greatest crash since 1929 ...
Libya economy banks on cash for recovery
By Katy Watson Middle East business reporter, BBC News, Tripoli In Martyrs' Square in Tripoli, the symbolic centre of Libya's uprising, the facade of the National Commercial Bank still bears the marks of fighting. The bullet holes are a stark reminder ...
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