Archive for November, 2014

postheadericon Banks to arrange $1.5 billion loan for Egypt to repay foreign energy firms – Reuters

Banks to arrange $1.5 billion loan for Egypt to repay foreign energy firms
Reuters
L), National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies, a statement from the banks said on Friday. Egypt hopes the

and more »

postheadericon After record deal, more India bank takeovers on cards – Reuters


Reuters
After record deal, more India bank takeovers on cards
Reuters
The Indian banking sector is fragmented, with 46 commercial banks jostling for business with dozens of foreign banks as well as rural and co-operative lenders. State banks control 80 percent of the market, leaving relatively small shares for private
Your neighbourhood supermarket can now turn into a bankQuartz
Reserve Bank of India Calls for Applications for 2 New Types of BanksWall Street Journal
India Allows Supermarkets, Mobile-Phone Companies to Start BanksBloomberg
Firstpost -The Hindu
all 218 news articles »

postheadericon Brazil Staggers but Its Private Banks March On – Barron’s

Brazil Staggers but Its Private Banks March On
Barron’s
Bank stocks are supposed to suffer when their national economies turn down, all the more so when a supposedly antimarket president has just been re-elected to investors' chagrin. Brazilian bank shares must have missed the memo. Brazil's stock market as

postheadericon FBI: Two Los Angeles-area banks robbed hours apart – Los Angeles Times

FBI: Two Los Angeles-area banks robbed hours apart
Los Angeles Times
FBI officials say this robber pulled a gun on bank customers and a teller before making off with cash. Authorities described the second robber as a 6-foot-tall white man about 45 years old weighing between 180 and 190 pounds. He was described as having …

and more »

postheadericon European Banks Told Likely Capital Criteria – Wall Street Journal


Reuters UK
European Banks Told Likely Capital Criteria
Wall Street Journal
BRUSSELS—The European Union's banking watchdog on Friday set out its proposed criteria determining how much equity and debt that can be written off in a crisis will have to be held by banks under the bloc's new rules on winding down lenders.
EU banks have until 2020 to build up bigger safety bufferReuters UK

all 10 news articles »

postheadericon Shunned by banks, legitimate pot shops must deal in risky cash – Los Angeles Times

Shunned by banks, legitimate pot shops must deal in risky cash
Los Angeles Times
OAKLAND — The suppliers arrive at one of the nation's largest marijuana dispensaries carrying hundreds of pounds of cannabis in duffel bags, knapsacks and baby diaper totes. They leave with those same carriers stuffed with wads of cash. Harborside …

and more »

postheadericon Partners in Law (and Life) Go to Bat for Banks – Wall Street Journal


Wall Street Journal
Partners in Law (and Life) Go to Bat for Banks
Wall Street Journal
One of the law firm's partners, Karen Seymour, steered France's largest lender by assets through rough waters that some feared might take down the whole bank or at least leave it substantially damaged. BNP ultimately pleaded guilty in June to

and more »

postheadericon Nostalgia for Gold Pressures Central Banks in Europe – Wall Street Journal


Wall Street Journal
Nostalgia for Gold Pressures Central Banks in Europe
Wall Street Journal
This trend is especially pronounced in Europe, where central banks face public pressure to buy more gold or bring back home what they hold in vaults overseas. Gold hasn't played a significant role in global monetary policy for decades and central
Ron Paul and other gold bugs keep fingers crossed for Swiss vote that could The Guardian

all 463 news articles »

postheadericon China Plan for Deposit Insurance Raises Worries About Bank Failures – Wall Street Journal


Wall Street Journal
China Plan for Deposit Insurance Raises Worries About Bank Failures
Wall Street Journal
BEIJING—China's plan to use bank-deposit insurance to shake up its state-dominated banking system could backfire, as millions of savers could pull money out of smaller lenders, possibly resulting in fewer loans for businesses. Li Ling, a 35-year-old

postheadericon China Close to Launching Bank Deposit Insurance – Wall Street Journal


Wall Street Journal
China Close to Launching Bank Deposit Insurance
Wall Street Journal
Senior officials from the central bank's branches all over the country attended a conference Thursday at the Beijing headquarters of the central bank to discuss details for implementing the deposit-insurance plan, according to central-bank officials
China's Deposit Insurance Seen as Risk for Small BanksBloomberg
Banking tricks blunt China's drive to increase lendingCNBC
Here Are Some Tricks Chinese Banks Use To Manipulate Their Lending StatsBusiness Insider
Reuters
all 117 news articles »

postheadericon Banks to arrange $1.5 billion loan for Egypt to repay foreign energy firms – Reuters

Banks to arrange $1.5 billion loan for Egypt to repay foreign energy firms
Reuters
L), National Bank of Egypt and National Bank of Abu Dhabi will arrange a $1.5 billion syndicated loan to Egypt's state oil company in order for the country to pay back foreign energy companies, a statement from the banks said on Friday. Egypt hopes the

and more »

postheadericon After record deal, more India bank takeovers on cards – Reuters


Reuters
After record deal, more India bank takeovers on cards
Reuters
The Indian banking sector is fragmented, with 46 commercial banks jostling for business with dozens of foreign banks as well as rural and co-operative lenders. State banks control 80 percent of the market, leaving relatively small shares for private
Your neighbourhood supermarket can now turn into a bankQuartz
Reserve Bank of India Calls for Applications for 2 New Types of BanksWall Street Journal
India Allows Supermarkets, Mobile-Phone Companies to Start BanksBloomberg
Firstpost -The Hindu
all 218 news articles »

postheadericon Brazil Staggers but Its Private Banks March On – Barron’s

Brazil Staggers but Its Private Banks March On
Barron’s
Bank stocks are supposed to suffer when their national economies turn down, all the more so when a supposedly antimarket president has just been re-elected to investors' chagrin. Brazilian bank shares must have missed the memo. Brazil's stock market as

postheadericon FBI: Two Los Angeles-area banks robbed hours apart – Los Angeles Times

FBI: Two Los Angeles-area banks robbed hours apart
Los Angeles Times
FBI officials say this robber pulled a gun on bank customers and a teller before making off with cash. Authorities described the second robber as a 6-foot-tall white man about 45 years old weighing between 180 and 190 pounds. He was described as having …

and more »

postheadericon European Banks Told Likely Capital Criteria – Wall Street Journal


Reuters UK
European Banks Told Likely Capital Criteria
Wall Street Journal
BRUSSELS—The European Union's banking watchdog on Friday set out its proposed criteria determining how much equity and debt that can be written off in a crisis will have to be held by banks under the bloc's new rules on winding down lenders.
EU banks have until 2020 to build up bigger safety bufferReuters

all 10 news articles »

postheadericon Shunned by banks, legitimate pot shops must deal in risky cash – Los Angeles Times

Shunned by banks, legitimate pot shops must deal in risky cash
Los Angeles Times
OAKLAND — The suppliers arrive at one of the nation's largest marijuana dispensaries carrying hundreds of pounds of cannabis in duffel bags, knapsacks and baby diaper totes. They leave with those same carriers stuffed with wads of cash. Harborside …

and more »

postheadericon Partners in Law (and Life) Go to Bat for Banks – Wall Street Journal


Wall Street Journal
Partners in Law (and Life) Go to Bat for Banks
Wall Street Journal
One of the law firm's partners, Karen Seymour, steered France's largest lender by assets through rough waters that some feared might take down the whole bank or at least leave it substantially damaged. BNP ultimately pleaded guilty in June to

and more »

postheadericon Nostalgia for Gold Pressures Central Banks in Europe – Wall Street Journal


Wall Street Journal
Nostalgia for Gold Pressures Central Banks in Europe
Wall Street Journal
This trend is especially pronounced in Europe, where central banks face public pressure to buy more gold or bring back home what they hold in vaults overseas. Gold hasn't played a significant role in global monetary policy for decades and central
Ron Paul and other gold bugs keep fingers crossed for Swiss vote that could The Guardian

all 463 news articles »

postheadericon China Plan for Deposit Insurance Raises Worries About Bank Failures – Wall Street Journal


Wall Street Journal
China Plan for Deposit Insurance Raises Worries About Bank Failures
Wall Street Journal
BEIJING—China's plan to use bank-deposit insurance to shake up its state-dominated banking system could backfire, as millions of savers could pull money out of smaller lenders, possibly resulting in fewer loans for businesses. Li Ling, a 35-year-old

postheadericon China Close to Launching Bank Deposit Insurance – Wall Street Journal


Wall Street Journal
China Close to Launching Bank Deposit Insurance
Wall Street Journal
Senior officials from the central bank's branches all over the country attended a conference Thursday at the Beijing headquarters of the central bank to discuss details for implementing the deposit-insurance plan, according to central-bank officials
China's Deposit Insurance Seen as Risk for Small BanksBloomberg
Banking tricks blunt China's drive to increase lendingCNBC
Here Are Some Tricks Chinese Banks Use To Manipulate Their Lending StatsBusiness Insider
Reuters
all 117 news articles »

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