Banks News Updates
Bank of England Says ‘Exposed’ Lenders Should Bolster Defenses (Bloomberg)
17 December 2009
Dec. 18 (Bloomberg) -- The Bank of England said lenders should use improved funding conditions to buffer themselves against further shocks and brace for 1 trillion pounds ($1.6 trillion) in liabilities maturing in the next five years.
Deutsche Bank staff to share burden of bonus tax (AFP via Yahoo! News)
17 December 2009
Global staff at Germany's largest bank, Deutsche Bank, will share the burden of a 50 percent British tax on bonuses, chairman Josef Ackermann was quoted as saying in a press report Friday.
National Australia Bank May Win Axa Asia Bidding War (Update1) (Bloomberg)
17 December 2009
Dec. 18 (Bloomberg) -- National Australia Bank Ltd., which yesterday offered A$13.3 billion ($11.8 billion) for Axa Asia Pacific Holdings Ltd., has “much deeper pockets” than AMP Ltd.
Japan central bank keeps interest rates steady (AP via Yahoo! News)
17 December 2009
Japan's central bank said Friday it was crucial for the country to beat deflation and it would not accept continued price declines.
Bank of Japan vows to step up fight against deflation (AFP via Yahoo! News)
17 December 2009
Japan's central bank said Friday it was vital for the world's number two economy to break out of deflation as it maintained its super low interest rates steady to fight consumer price falls.
Deutsche Bank to 'globalise' bonus tax pain: report (AFP via Yahoo! News)
17 December 2009
Deutsche Bank will spread the pain of Britain's tax on bankers' bonuses among its staff worldwide, becoming the first financial group to detail how it will deal with the hit, a report said Friday.
World Bank lends 182 million to Sri Lanka (AFP via Yahoo! News)
17 December 2009
The World Bank has announced a 182-million-dollar loan to help Sri Lanka assist refugees and rebuild Tamil majority provinces that were ravaged by nearly 40 years of civil war that ended earlier this year.
Deutsche Bank staff to share burden of bonus tax - Bangkok Post
17 December 2009
Deutsche Bank staff to share burden of bonus taxBangkok PostDeutsche Bank will spread the pain of Britain's tax on bankers' bonuses among its staff worldwide, becoming the first financial group to detail how it will ...
KTS helps to raise more than £2m for clients - WalesOnline
17 December 2009
KTS helps to raise more than £2m for clientsWalesOnlineMore than £600000 has been raised through EFG, which was launched at the beginning of the year in an effort to stimulate bank lending to businesses. ...
NAB admits error led to AXA news delay - Sydney Morning Herald
17 December 2009
NAB admits error led to AXA news delaySydney Morning HeraldNational Australia Bank Ltd (NAB) says a communication error resulted in it sending teleconference alerts to media and analysts ahead of the release of the ...
For investors 2009 was easy Now comes 2010 - Moneycontrol.com
17 December 2009
For investors 2009 was easy Now comes 2010Moneycontrol.comIt was essentially triggered by authorities making clear they would not let another major bank go under, a la Lehman Brothers, and by central banks pumping ...
Crash chaos as snow hits Yorkshire - Bramley Today
17 December 2009
Crash chaos as snow hits YorkshireBramley TodayA 48-year-old man had to be cut free from a Honda Civic which collided with a tractor and trailer at Whipley Bank, near Harrogate, at 6.09pm yesterday. ...
Euro recovers, shares fall on earnings jitters - Reuters South Africa
17 December 2009
Euro recovers, shares fall on earnings jittersReuters South Africa... and still believe we could see gold tumble considerably further before the year is done," Investec Bank (Australia) Ltd said in a research note. ...
M.Stanley names Japan prime broking head in Asia push - Reuters
17 December 2009
M.Stanley names Japan prime broking head in Asia pushReutersN) has appointed a new head for its prime brokerage business in Japan as the bank aims to increase the unit's head count in Asia by about a third in 2010, ...and more »...