Banks News Updates
Daimler to Join Deutsche Bank Financing Fund, Handelsblatt Says (Bloomberg)
31 January 2010
Feb. 1 (Bloomberg) -- Daimler AG may join a Deutsche Bank AG fund that will help ease financing for mid-size businesses in Germany, the Handelsblatt newspaper reported today, citing an unidentified company official.
HSBC says no plan to buy major stake in Chinese bank (AFP via Yahoo! News)
31 January 2010
HSBC on Monday dismissed a report that it planned a major investment in one of China's top three lenders, saying it was comfortable with its 19 percent stake in Bank of Communications.
Russia May Cut Rate to 7.5% This Quarter, Deutsche Bank Says (Bloomberg)
31 January 2010
Feb. 1 (Bloomberg) -- Russia’s benchmark interest rate may fall 1.5 percentage points this quarter, according to Deutsche Bank AG, before the central bank reverses direction to focus on pacing a recovery fueled by last year’s 83 percent surge in oil.
Ex-Millennium’s Sullivan In Talks to Join Hedge Fund, Bank (Bloomberg)
31 January 2010
Feb. 1 (Bloomberg) -- James Sullivan , a former managing director of Millennium Management LLC’s Asian business, said he has been in talks to join another hedge fund or bank since leaving the firm in December.
Bank of America, Goldman, Morgan Stanley Cut PAC Giving in 2009 (Bloomberg via Yahoo! News)
31 January 2010
Feb. 1 (Bloomberg) -- Nine of the 10 biggest U.S. banks by assets, including Bank of America Corp., Citigroup Inc. and Morgan Stanley, reduced their political giving last year, Federal Election Commission reports show.
Shikhar Balwani's This Week in India: Should you bank on India’s banks? (Market Watch)
31 January 2010
Indian banks may have been spared some policy pain from the central bank, but they face concerns about higher loss-provisioning requirements and rising bad loans.
Bank Research Consensus Weekly 02.01.10 (Daily FX via Yahoo! Finance)
31 January 2010
A notable feature of the global economic downturn over the past two years has been the marked weakening in money supply growth. Despite unprecedented policy stimulus, the deposits held by the private sector and the amount of bank borrowing undertaken have both slowed sharply.
Davos 2010: No glitz, no politics, but down to business - BBC News
31 January 2010
BBC NewsDavos 2010: No glitz, no politics, but down to businessBBC NewsBanking reform - with bankers and regulators probing and prodding each other in the search for a solution that - in the words of Standard Chartered bank ...
JPMorgan Buy of RBS Sempra Hits Snag - TheStreet.com
31 January 2010
JPMorgan Buy of RBS Sempra Hits SnagTheStreet.comThe bank is said to remain committed to buying RBS Sempra's European operations and its global oil trading group, which together account for about 50% of ...
Leeds man of 60 dead in flat blaze - Yorkshire Evening Post
31 January 2010
Leeds man of 60 dead in flat blazeYorkshire Evening PostThe man, who has not yet been formally identified, was found by firefighters in his top-floor flat in Kendal Bank, Burley, at 8.30pm on Friday, January 29. ...
Namibia: Sheep Farmers Want to March On State House - AllAfrica.com
31 January 2010
Namibia: Sheep Farmers Want to March On State HouseAllAfrica.com... abattoirs decide what to pay for the producer's products," said Foster. This, he said, led to many farmers having to rely on bank overdrafts to stay afloat.
Interview with Andrey Nesterenko - RT
31 January 2010
RTInterview with Andrey NesterenkoRT... also included foreign ministers from the G8, China, the Gulf Cooperation Council, several regional countries, and UN, IMF, and World Bank leaders. ...
Households pay higher interest than firms - Korea Herald
31 January 2010
Households pay higher interest than firmsKorea HeraldKorean banks charged individual borrowers with higher interest rates than they did corporate borrowers, central bank data showed yesterday. ...
European Stock-Index Futures Decline; Asian Shares Retreat - BusinessWeek
31 January 2010
European Stock-Index Futures Decline; Asian Shares RetreatBusinessWeekSteelmakers including ArcelorMittal, the world's largest, may be active after China's central bank deputy governor said the government plans to curb ...