Banks News Updates
Philippines Can Keep Loose Monetary Policy, Central Bank Says (Bloomberg)
21 December 2009
Dec. 22 (Bloomberg) -- The Philippine central bank has scope to keep borrowing costs at a record low as inflation is manageable and economic growth tepid, Governor Amando Tetangco said today.
China’s Zhou Says Bank Reserve Requirements Are Important Tool (Bloomberg)
21 December 2009
Dec. 22 (Bloomberg) -- Chinese central bank Governor Zhou Xiaochuan said that reserve requirements for lenders remain an important tool, fueling speculation they may be increased to limit the risk of asset bubbles.
France says will keep using stolen Swiss bank tax data (Reuters via Yahoo! News)
21 December 2009
France will continue to use data stolen from a Geneva private bank in its drive against tax evasion, its budget minister said on Tuesday, a day after French officials agreed to return the client lists to Switzerland.
Regulator drops bank charges case (BBC News)
21 December 2009
The Office of Fair Trading decides not to take any further court action over the fairness of bank overdraft charges.
Deutsche Bank Sees 10% Sal. Oppenheim Growth, Handelsblatt Says (Bloomberg)
21 December 2009
Dec. 22 (Bloomberg) -- Sal. Oppenheim Jr. & Cie. KGaA has the potential to add 10 percent in net new money annually after an initial phase of focusing on existing clients, Handelsblatt reported, citing an interview with Pierre de Weck , Deutsche Bank AG’s head of private-wealth management.
National Bank of Fujairah Appoints Vincent Cook as CEO (Bloomberg)
21 December 2009
Dec. 22 (Bloomberg) -- National Bank of Fujairah, a United Arab Emirates-based commercial bank, appointed Vincent Cook as its chief executive officer, according to a company statement today to the Abu Dhabi bourse Web site.
Zhou Says Central Bank May Still Need to Use Reserve Ratios (Bloomberg)
21 December 2009
Dec. 22 (Bloomberg) -- Chinese central bank Governor Zhou Xiaochuan said reserve requirements for banks remain an important monetary policy tool. He said that surpluses in international payments mean that the central bank still needs tools such as the requirements.
Wendie S. Harper - phillyBurbs.com
21 December 2009
Wendie S. HarperphillyBurbs.comIn lieu of flowers, memorial donations in Mrs. Harper's name may be made to the Harper Children Scholarship Fund, c/o National Penn Bank, 96 South Main S., ...
Rise in robberies prompts push by Fresno police - Fresno Bee
21 December 2009
Rise in robberies prompts push by Fresno policeFresno BeeHe said undocumented immigrants can open bank accounts without being arrested or deported. So far this year, there have been 1060 robberies -- 127 involving ...
Israel to continue prisoner swap talks with Hamas - Raw Story
21 December 2009
Israel to continue prisoner swap talks with HamasRaw StoryThe premier insists that no militants convicted of involvement in deadly attacks against Israeli civilians be allowed to return to the West Bank, ...
ABCP saga ends with $138.8-million in fines - The Province
21 December 2009
ABCP saga ends with $138.8-million in finesThe ProvinceNational Bank Financial Inc. has agreed to pay $75-million, while Canadian Imperial Bank of Commerce and its capital markets arm will hand over $22-million ...
Nigeria: Linkage Assurance's N2.5 Billlion Income Points to Brighter Future - AllAfrica.com
21 December 2009
Nigeria: Linkage Assurance's N2.5 Billlion Income Points to Brighter FutureAllAfrica.com... Trust bank, drew the wrath of the shareholders as they pushed for its immediate recovery as to make room for the payment of dividends by the company. ...
Nigeria: Unity Kapital Assurance Lists 12.3 Billion Shares On NSE - AllAfrica.com
21 December 2009
Nigeria: Unity Kapital Assurance Lists 12.3 Billion Shares On NSEAllAfrica.com... each in favour of Unity Kapital Assurance Plc, a subsidiary company of Unity Bank Nigeria Plc, in its official list at the price of N2.50 per share. ...
Prisoner swap talks enter critical phase in Israel - WOI
21 December 2009
Prisoner swap talks enter critical phase in IsraelWOIIsrael also wants the most hard-core prisoners deported outside the West Bank. After more than four hours of talks, Netanyahu's office released a statement ...