Banks News Updates
Overseer: Bank bailout program has mixed results (Market Watch)
30 January 2010
The government’s $700 billion bank bailout bill has met its goal of helping bring the financial markets back from the brink, but has so far failed to increase bank lending, a key government overseer says in a generally critical review of the program.
Bank of Sharjah to Start $200 Million Property Fund, 24/7 Says (Bloomberg)
30 January 2010
Jan. 31 (Bloomberg) -- Bank of Sharjah PJSC, a commercial lender in the United Arab Emirates, is considering a plan to start a $200 million fund in February to invest in the real-estate industry, Emirates Business 24/7 reported, citing Executive Director and General Manager Varouj Nerguizian.
UPDATE: National Australia Bank Rules Out Rate Hike Above RBA Move (Fox News)
30 January 2010
UPDATE: National Australia Bank Rules Out Rate Hike Above RBA Move...
Concerns raised over bank access (BBC News)
30 January 2010
People are being wrongly refused basic bank accounts on the basis of their credit history, Radio 4's Money Box learns.
As Lender, Giannoulias Impacted Bank Woes (New York Times)
30 January 2010
The near-failure of Broadway Bank, which is the source of wealth that made Alexi Giannoulias a viable candidate, is threatening to make him a political non-entity again.
TV Review: Rip Torn arrested for alleged bank break-in (Entertainment Weekly)
30 January 2010
Actor Rip Torn, 79, was arrested Friday night on charges of burglary and criminal trespassing after officials allegedly found him carrying a loaded revolver inside a bank in Salisbury, Conn., according to the Register Citizen newspaper.
Rip Torn arrested for alleged bank break-in (Entertainment Weekly)
30 January 2010
By Adam Markovitz Officials found the actor carrying a loaded revolver inside a bank in Salisbury, Conn., according to a local newspaper report...
TT-born US military leader grounded in Catholic school lessons - Trinidad News
30 January 2010
TT-born US military leader grounded in Catholic school lessonsTrinidad NewsWhile earning a business administration degree, Solomon worked in a bank and re-enlisted for another three-year stint with the Maryland Air National Guard. ...
No dues, no large deal - Toronto Sun
30 January 2010
No dues, no large dealToronto SunBurke is not going to empty the bank for his rookie netminder. In his mind, while there is a bright future waiting for Gustavsson, he still is an unknown, ...
Who helped corporate rich get richer? You did - Los Angeles Times
30 January 2010
Who helped corporate rich get richer? You didLos Angeles TimesLast year, the massive sums raised from corporate bond sales allowed some companies to pay off bank loans or bonds previously issued at higher interest ...
Zhu says China to keep yuan policy, fight inflation - Korea Herald
30 January 2010
Zhu says China to keep yuan policy, fight inflationKorea HeraldPeople's Bank of China Deputy Governor Zhu Min said his government's main goal is capping inflation and signaled officials have no immediate plans to change ...and more »...
Bad debt ratio falls sharply at local banks - Korea Herald
30 January 2010
Bad debt ratio falls sharply at local banksKorea HeraldBad debts at Korea's banks declined sharply in December from six months earlier as lenders doubled their sell-offs of troubled loans in a bid to clear ...and more »...
Conglomerates' cash holdings swell - Korea Herald
30 January 2010
Conglomerates' cash holdings swellKorea HeraldCash holdings or reserves refer to cash and cashable assets, including bank deposits, cash equivalents and other financial instruments that come due within ...and more »...
Slow trading to shut Vietnam gold floors ahead of deadline - Thanh Nien Daily
30 January 2010
Thanh Nien DailySlow trading to shut Vietnam gold floors ahead of deadlineThanh Nien DailyEarlier this month, the State Bank of Vietnam told banks to halt lending for gold investments and said all loans made to buy the precious metal must be ...