Archive for September, 2014

postheadericon German Savers Turn to Foreign Banks – Wall Street Journal


Wall Street Journal
German Savers Turn to Foreign Banks
Wall Street Journal
Household current-account deposits with foreign banks operating in Germany have jumped nearly 80% since 2010 to about €190 billion ($246 billion), German central bank data show. Attracting the most cash are large banks from the Netherlands, with ING …

postheadericon Scotland has to be braver to build strong banks – Financial Times


MarketWatch
Scotland has to be braver to build strong banks
Financial Times
On Thursday, Scotland may set out on the bumpy path to independence from the rest of the UK. Its banking system is likely to work only if it is braver and more far-sighted than Alex Salmond, the Scottish National party leader, during the campaign
What Happens to British Banks If Scotland Votes to Separate? Q&ABloomberg
Scottish banks, before the big vote, show their true colorsMarketWatch
Fears of a run on ATMs if Scotland goes independentDaily Mail
ATM Marketplace (press release) (blog) -International Business Times UK -RIA Novosti
all 53 news articles »

postheadericon Hidili Settles for Trimmed Buyback as Banks Limit Funding – Bloomberg

Hidili Settles for Trimmed Buyback as Banks Limit Funding
Bloomberg
Hidili Industry International Development Ltd. (1393), the Chinese coal miner at risk of defaulting on its debt, will buy back only 60 percent of its dollar bonds because banks won't lend money to purchase any more. Hidili earlier this week offered

and more »

postheadericon Employee Salaries at Smaller Banks Growing 2.5% to 3% – Wall Street Journal

Employee Salaries at Smaller Banks Growing 2.5% to 3%
Wall Street Journal
Employee salaries at smaller banks have grown consistently around 2.5% to 3% in recent years, but the steady pickup masks sharp differences in the pay outlook for various jobs, a new study to be released this week shows. The annual change in average …

postheadericon New York Banks Also Handled Arab Bank’s Alleged Terror Payments – Forbes


Forbes
New York Banks Also Handled Arab Bank's Alleged Terror Payments
Forbes
The evidence wasn't offered to show complicity by the larger banks in financing terrorism, but to show that the global banking system is complex and relies on automated systems to check against questionable transactions. As the trial enters its sixth

and more »

postheadericon Banks, Credit Unions Start Reissuing Cards Following Home Depot Breach – Wall Street Journal

Banks, Credit Unions Start Reissuing Cards Following Home Depot Breach
Wall Street Journal
It wasn't immediately clear how many cards have been reissued, if the institutions had actually seen fraudulent transactions on those cards, or whether the cards were just at risk for fraud. Home Depot said last week that its payment systems were

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postheadericon Justice Department Urges Banks to Implicate Employees – New York Times


New York Times
Justice Department Urges Banks to Implicate Employees
New York Times
The Justice Department has a suggestion for banks hoping to avoid criminal charges: Rat out your employees. Marshall L. Miller, the No. 2 official in the Justice Department's criminal division, detailed in a speech on Wednesday how banks would either

and more »

postheadericon China Central Bank Appears to Inject $81 Billion Into Top Lenders – New York Times


Reuters
China Central Bank Appears to Inject $81 Billion Into Top Lenders
New York Times
China's central bank has lent 100 billion renminbi, or $16.2 billion, to each of the country's five main, state-controlled banks, bankers and economists said Wednesday, although the central bank and the five banks involved stayed silent. The seemingly
PBOC Lowers Banks' Borrowing Costs, Cuts 14-Day Repo RateWall Street Journal
China central bank struggles as borrowers hold offMarketWatch
China central bank injects $81 billion into major banks to support economy Reuters
RT -Bloomberg
all 237 news articles »

postheadericon China’s Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown – Wall Street Journal


Wall Street Journal
China's Central Bank Injects $81 Billion Into Top Banks to Counter Slowdown
Wall Street Journal
BEIJING—China's central bank is injecting 500 billion yuan ($81 billion) into the country's five major state-owned banks as it moves to counter slower-than-expected growth in the world's No. 2 economy, according to a senior Chinese banking executive.

postheadericon ECB’s Cheap Loans Are Met With Weak Demand From Banks – New York Times


Fox News
ECB's Cheap Loans Are Met With Weak Demand From Banks
New York Times
FRANKFURT — Banks borrowed less than expected from the European Central Bank on Thursday in a disappointing start for a program intended to encourage more lending to businesses and households, and pump money into the ailing eurozone economy.
European Central Bank hands out first batch of cheap loans to banks in Fox News
ECB doles out cheap loans to banks, fuels QE hopesCNBC
Banks in Italy and Spain Take at Least 40% of ECB LoansBloomberg
Reuters
all 178 news articles »

postheadericon Asian stocks mostly down after Fed meeting – Yahoo News


Yahoo News
Asian stocks mostly down after Fed meeting
Yahoo News
SEOUL, South Korea (AP) — Asian stock markets mostly fell Thursday after the U.S. Federal Reserve increased its estimate for the level of the central bank's benchmark interest rate by the end of 2015, surprising investors who expected a slower pace of
Thank Janet Yellen: stocks hit new recordKETV Omaha
Dow rises to record finish as Fed sticks to scriptCNBC
US stocks edge higher after Federal Reserve says no change in interest rate policyNewser
Lynchburg News and Advance
all 2,485 news articles »

postheadericon London Stock Exchange Shareholders Approve Deal for Russell Investments – New York Times

London Stock Exchange Shareholders Approve Deal for Russell Investments
New York Times
LONDON – The London Stock Exchange said on Wednesday that its shareholders had voted overwhelmingly in favor of its acquisition of Russell Investments, the owner of the Russell 2000 stock market index. In June, the exchange agreed to acquire Russell …

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postheadericon Hong Kong stock exchange team visits QSE – Peninsula On-line

Hong Kong stock exchange team visits QSE
Peninsula On-line
DOHA: A delegation from the Hong Kong Exchanges and Clearing Limited, headed by James Fok, Head of Group Strategy, visited Qatar Stock Exchange (QSE) and met with Rashid bin Ali Al Mansoori, CEO of QSE, and a number of top officials of the bourse.

postheadericon Alibaba IPO seen sucking money out of Hong Kong stocks – MarketWatch


MarketWatch
Alibaba IPO seen sucking money out of Hong Kong stocks
MarketWatch
HONG KONG (MarkeWatch) — Sure, Hong Kong's stock exchange may have essentially turned down Alibaba Group's new listing by refusing to make the needed rule changes, but Chinese investors are very keen on the initial public offering … and the …
Alibaba worried about Facebook IPO as considered Nasdaq versus NYSEReuters
Alibaba Share Sale To Raise Record $25bnSky News
Alibaba Boosts IPO Price Range, Could Raise Up To $25 BillionForbes
Barron’s (blog) -Businessweek
all 872 news articles »

postheadericon As China Opens Stock Market to Foreign Investors, Bargains Await Risk Takers – Wall Street Journal


Wall Street Journal
As China Opens Stock Market to Foreign Investors, Bargains Await Risk Takers
Wall Street Journal
Foreign investors will soon be allowed to trade shares directly in China's mainland stock market, whose dismal performance has scared away even domestic investors. But hidden amid the gloom are some potential bargains and healthy yields for investors …

and more »

postheadericon Turkey Stock Exchange Lifts Trading Ban on Bank Asya – Wall Street Journal


Yahoo News UK
Turkey Stock Exchange Lifts Trading Ban on Bank Asya
Wall Street Journal
Stocks of the lender formally known as Asya Katilim Bankasi AS slumped 11.2% to 1.1 liras ($0.5) in the first session. Bourse Istanbul didn't say why it allowed the shares to trade again. The exchange had said Aug. 7 that the temporary ban was put in
Bank Asya resumes trade after ban liftedToday’s Zaman
Bank Asya moves to save capital as president calls on watchdog to interveneHurriyet Daily News
Turkey's Asya in FreefallBalkans.com Business News

all 106 news articles »

postheadericon 2014 could set record for value of IPOs on London stock exchange main market – The Guardian


The Guardian
2014 could set record for value of IPOs on London stock exchange main market
The Guardian
Justin Cooper, the chief executive of Capita-owned Shareholder Solutions, said: "The IPO goldrush in the first half of 2014 came hot on the heels of a sharp upturn in share prices, as the stock market soared at the end of 2013. "However, despite a
London's IPO market set for record yearTelegraph.co.uk

all 19 news articles »

postheadericon New Owner Changing World’s Most Famous Stock Exchange – DailyFinance


AzerNews
New Owner Changing World's Most Famous Stock Exchange
DailyFinance
Dow Jones Industrial Average Closes Up, Tech Stocks Drop Sharply Andrew Burton/Getty Images Most of the general public has never heard of the blandly named Intercontinental Exchange (ICE). But almost everybody is well aware of the New York Stock …
Insider Selling: Intercontinental Exchange General Counsel Sells 3505 Shares WKRB News
Intercontinental Exchange General Counsel Johnathan H. Short Sells 3505 Watch List News (press release)

all 5 news articles »

postheadericon Corner the fantasy football market with Stadium Stock Exchange – tuaw.com

Corner the fantasy football market with Stadium Stock Exchange
tuaw.com
At this time of year it appears just about everyone is involved in fantasy football in one way or another. You can enter a league and draft or buy your individual players who score points for you. In an app I reviewed earlier, Big Play Scoring, users

postheadericon Alibaba: New York Stock Exchange gears up for record-breaking float – Evening Standard


Evening Standard
Alibaba: New York Stock Exchange gears up for record-breaking float
Evening Standard
Tomorrow — after months of speculation and a two-week globe-trotting roadshow — Alibaba will finally make its stock-market debut on the Big Board, the New York Stock Exchange. The final price will be set tonight, but if the top of the $66-to-$68-a
Chinese online giant Alibaba set to break stock exchange recordITV News
Alibaba weighs up its share price as world's biggest IPO loomsThe Guardian
Alibaba post-IPO structure gives insiders controlU.S. News & World Report
Reuters UK -Chinadaily USA -Economic Times
all 396 news articles »

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