Banks News Updates
India's central bank hikes reserve requirements (AP via Yahoo! Finance)
28 January 2010
India's central bank has hiked cash reserve requirements for lenders but left key interest rates unchanged as it tries to contain inflation without undermining an economic recovery.
Indian Bonds Fall as Central Bank Raises Cash Reserve Ratio (Bloomberg)
28 January 2010
Jan. 29 (Bloomberg) -- India’s 10-year bonds fell after the central bank increased banks’ cash reserve requirements more than economists estimated.
Kan Urges Bank of Japan to Help Overcome Deflation (Update1) (Bloomberg)
28 January 2010
Jan. 29 (Bloomberg) -- Japanese Finance Minister Naoto Kan reiterated his call on the central bank to support an economy under threat from falling prices and a strengthening yen.
Bank of New York Close to Buying PNC Unit (TheStreet.com)
28 January 2010
Bank of New York Mellon is close to acquiring PNC Global Investment Servicing for about $2.5 billion, a report says.
Police: Pa. man told TV station he would rob bank (AP via Yahoo! News)
28 January 2010
Police in eastern Pennsylvania say a man frustrated with bank overdraft charges threatened to rob the branch and invited a TV station to film him doing it.
Report: Bank of NY Mellon in talks to buy PNC unit (AP via Yahoo! News)
28 January 2010
Bank of New York Mellon Corp. is in talks with PNC Financial Services Group Inc. to buy one of PNC's business units for close to $2.5 billion, The Wall Street Journal reported, citing people familiar with the matter.
Sector Snap: Modest gains seen in bank stocks (AP via Yahoo! News)
28 January 2010
Bank stocks rose modestly Thursday as some investors said the tone of President Barack Obama's State of the Union address was positive for banks.
Sensex off lows; down 195 pts - Myiris.com
28 January 2010
Sensex off lows; down 195 ptsMyiris.comHowever, ICICI Bank contributed rise of 16.98 points in the Sensex. It was followed by Bharat Heavy Electricals (8.63 points), Housing Development Finance ...and more »...
eBay apology over Dad's Army row - The Press Association
28 January 2010
eBay apology over Dad's Army rowThe Press AssociationOfficials at eBay conceded that the game, based on the much-loved television series and being offered for sale by retired bank official David Davidson, ...and more »...
Indian Stocks Slide to Three-Month Low on Credit Tightening - Bloomberg
28 January 2010
Indian Stocks Slide to Three-Month Low on Credit TighteningBloomberg29 (Bloomberg) -- India's stocks slid to their lowest level in almost three months as the central bank tightened credit by more than economists expected ...and more »...
Resona Holdings 9Mos Grp Net Pft Y121.12B Vs Y114.66B Pft Yr Earlier - Wall Street Journal
28 January 2010
Resona Holdings 9Mos Grp Net Pft Y121.12B Vs Y114.66B Pft Yr EarlierWall Street JournalJapan's fourth-largest bank by assets posted a group net profit of Y121.12 billion for the April-December period, compared with Y114.66 billion in the ...
India RBI begins tightening cycle, ups banks' reserve ratio - MarketWatch
28 January 2010
India RBI begins tightening cycle, ups banks' reserve ratioMarketWatch"The Reserve Bank will continue to monitor macroeconomic conditions, particularly the price situation closely and take further action as warranted," said ...and more »...
US EXIM Bank, Air India sign $1 bn financing deal - NDTV.com
28 January 2010
US EXIM Bank, Air India sign $1 bn financing dealNDTV.comPTI The Export-Import Bank of the US and NACIL, the holding company of national carrier Air India, have signed an agreement worth $1.1 billion to support ...and more »...
Asia Shares Slide on Resources - New York Times
28 January 2010
Asia Shares Slide on ResourcesNew York Times... after 11 weeks of inflows as investors pared back their exposure amid fears of slowing growth in China, where authorities are reining in bank lending. ...