Banks News Updates
Norges Bank to Lift Rate Next Month, BNP Paribas Says (Update1) (Bloomberg)
11 January 2010
Jan. 12 (Bloomberg) -- Norges Bank will raise its benchmark interest rate for a third consecutive meeting next month as policy makers seek to offset a record government stimulus and to prevent the housing market from overheating, BNP Paribas said.
New SEC Bank of America Claims Can’t Be Included in March Trial (Bloomberg)
11 January 2010
Saying the SEC’s new claims would present “a danger of juror confusion,” U.S. District Judge Jed Rakoff in New York said the commission must file a separate lawsuit to pursue new claims that Bank of America failed to disclose “extraordinary losses” by Merrill Lynch in the weeks before investors voted on the deal in 2008.
Indonesian Lawmakers Will Query Boediono Again Over Bank Rescue (BusinessWeek)
11 January 2010
Indonesian legislators today plan to question Vice President Boediono for the second time over the 2008 government rescue of PT Bank Century in a probe that has put officials who are favorites of the markets under the scrutiny of politicians.
Kangaroo Bonds Jump as Capital Rules Lower Costs for World Bank (Bloomberg)
11 January 2010
Jan. 12 (Bloomberg) -- Overseas borrowers led by the World Bank and European Investment Bank are selling the most local- currency notes in Australia for almost three years to exploit the record-low cost of swapping the proceeds for U.S. dollars.
Bank Is in Talks to Settle State Claims Over Merrill (New York Times)
11 January 2010
A year after its controversial takeover of Merrill Lynch , Bank of America is discussing settling a troublesome state inquiry into the star-crossed deal and the billions of dollars in bonuses that Merrill hurriedly paid its employees.
China's Central Bank Tightens Liquidity Further (New York Times)
11 January 2010
China's central bank on Tuesday signaled in its open market operations that it was tightening short-term liquidity at a faster-than-expected pace in response to concerns about an overheating economy.
SEC broadens charges on Bank of America (Washington Post)
11 January 2010
Federal regulators on Monday moved to expand charges against Bank of America for allegedly lying to investors during the 2008 fall financial crisis, but once again decided against charging the executives or lawyers who signed off on the company's actions.
China Yuan Steady After Central Parity Rate Little Changed - Wall Street Journal
11 January 2010
China Yuan Steady After Central Parity Rate Little ChangedWall Street JournalMy guess is the central bank won't let the yuan appreciate until the US raises its interest rates," said a Shanghai-based foreign bank trader. ...
Money, drugs motive in murder - Sioux Falls Argus Leader
11 January 2010
Money, drugs motive in murderSioux Falls Argus LeaderA Sioux Falls Public Utilities employee used a metal detector to find the shotgun in the snow bank Monday, authorities said. ...
Text Of The Bank Of France November Monthly Business Survey - Market News International
11 January 2010
Text Of The Bank Of France November Monthly Business SurveyMarket News InternationalIndustrial activity appeared to be stable overall in December, with the rise in the agri-food and consumer goods industries offsetting the slight fall in ...
City OKs Remodeling Plan For Sir Charles Building - Yankton Daily Press
11 January 2010
City OKs Remodeling Plan For Sir Charles BuildingYankton Daily PressFederal funding, as well as the assistance of First Dakota National Bank, have made the large scope of the project possible, according to Dr. Tom Stanage of ...
People's Bank of China raises rates on one−year TBills by 8 basis points to ... - FXstreet.com The Forex Market
11 January 2010
People's Bank of China raises rates on one−year TBills by 8 basis points to ...FXstreet.com The Forex MarketRhod Gilbert (1968-) People's Bank of China raises rates on one-year TBills by 8 basis points to 1.8434% and drained a record 200B yuan via 28-day repo. ...
No signs cold snap froze fish - Brazosport Facts
11 January 2010
No signs cold snap froze fishBrazosport FactsArea creeks and bayous froze at the bank, and in some cases as far as 10 feet into shallow water, Roy Edwards said. Black-mud bottoms along waterways absorb ...
Sri Lanka to invest $4 bn in conflict-hit north - TwoCircles.net
11 January 2010
Sri Lanka to invest $4 bn in conflict-hit northTwoCircles.net"We are getting foreign aid from countries like Japan, India, China, Iran, Saudi Arabia and from donor agencies like the World Bank and Asian Development ...