Banks News Updates
Bank Of Korea: To Extend $20 Billion Currency Swap Facility With Japan Until April 30 (Fox News)
18 January 2010
Bank Of Korea: To Extend $20 Billion Currency Swap Facility With Japan Until April 30...
German Private Banks to Set Up ‘Bad Bank,’ Handelsblatt Says (Bloomberg)
18 January 2010
Jan. 19 (Bloomberg) -- Germany’s BdB private banking association is planning to set up its own “bad bank,” Handelsblatt reported , citing unidentified people in the financial industry.
Old Mutual May Raise Stake in Nigeria’s Oceanic Bank (Update1) (Bloomberg)
18 January 2010
The Old Mutual unit “has been in discussions with various regulatory bodies, including the Central Bank of Nigeria, as well as potential strategic partners, about various initiatives in relation to its investment, including potentially increasing it,” Matthew Gregorowski , spokesman for London-based Old Mutual, said in an e-mailed response to q...
Bank of America May Post Loss on TARP Payment, Loan Defaults (BusinessWeek)
18 January 2010
Bank of America Corp., the largest U.S. lender, may report its third loss in the past five quarters as its new chief executive officer tallies costs from consumer loan defaults and repaying bailout funds.
Dubai Group May Sell Stake in Bank Islam Malaysia, Reserve Says (Bloomberg)
18 January 2010
Jan. 19 (Bloomberg) -- Dubai Group LLC, an investment company owned by the Dubai ruler, may sell its stake in Bank Islam Malaysia Bhd. for 1 billion ringgit, Malaysian Reserve reported, citing unidentified people familiar with the plan.
Qatar Commercial Bank Quarterly Net Rises 33%, Below Forecast (Bloomberg)
18 January 2010
Jan. 19 (Bloomberg) -- Commercial Bank of Qatar , the Gulf country’s second-biggest bank by assets, expects to improve its performance this year after posting a 33 percent increase in fourth-quarter profit, below analysts’ estimates.
Despite recession, bank robberies dropped 20% in '09 (USA Today)
18 January 2010
Bank robberies plunged nearly 20% last year even as Americans grappled with a recession and unemployment.
Insubordinate soldier's wife says his dismissal political - Ynetnews
18 January 2010
Insubordinate soldier's wife says his dismissal politicalYnetnews... remorse for carrying a sign protesting the evacuation of West Bank settlements was political. ceremony and referred to his conduct as "disgraceful. ...
Project Finance: The question of liquidity is where to get it from - AME Info
18 January 2010
Project Finance: The question of liquidity is where to get it fromAME InfoOver the years it has received the support of reputed entities which include The World Bank's MIGA, ICIEC and IPFA. Over the years, renowned experts have ...
Barclays Names Davies As Asia Ex-Japan Head Of Generalist Sales - Easy Bourse
18 January 2010
Barclays Names Davies As Asia Ex-Japan Head Of Generalist SalesEasy BourseMost recently Bank of America Merrill Lynch's head of Pacific Rim equity distribution, Davies will be responsible for expanding Barclays' equity business in ...
Don't Hose LA - City Watch
18 January 2010
Don't Hose LACity WatchThis resulted in a gift of about $1 billion to an investment group led by Morgan Stanley, a New York City investment bank. (Check out Hoffman's report. ...
ShoreBank seeks financial rescue from state of Illinois - Crain's Chicago Business
18 January 2010
ShoreBank seeks financial rescue from state of IllinoisCrain's Chicago BusinessThe state of Illinois is considering an unprecedented bailout of ShoreBank, the struggling South Side bank acclaimed for its commitment to lending in ...
Russian bank balances rise to 479.9 bln rbls - Interactive Investor
18 January 2010
Russian bank balances rise to 479.9 bln rblsInteractive InvestorInteractive Investor Trading Limited, trading as "Interactive Investor", is authorised and regulated by the Financial Services Authority. ...
Siemens investing USD 50 mn in DB Masdar Clean Tech Fund - Trading Markets (press release)
18 January 2010
Siemens investing USD 50 mn in DB Masdar Clean Tech FundTrading Markets (press release)Siemens Venture Capital (SVC) is investing USD 50 mn in the DB Masdar Clean Tech Fund that is being set up by Masdar and Deutsche Bank. ...