Banks News Updates
Sri Lanka’s Cabraal Open to Higher Bank Reserve Ratio (Update1) (Bloomberg)
1 February 2010
Feb. 2 (Bloomberg) -- Sri Lanka’s central bank said asking lenders to set aside more money may be an option after inflation accelerated to an 11-month high, signaling it may join policy makers across the region in withdrawing monetary stimulus.
Bank of America, Microsoft, Exxon May Face Obama Tax Increases (Bloomberg)
1 February 2010
Obama wants to impose a fee on 50 of the biggest financial companies, costing $90 billion to firms such as JPMorgan Chase & Co. and Bank of America . His budget also proposes ending tax breaks for oil companies led by Exxon , the largest U.S. company, and taxing overseas profits for companies such as Microsoft, the world’s largest software maker.
Merkel’s Coalition Jostles Over Ackermann Bank-Rescue Proposal (Bloomberg)
1 February 2010
Feb. 2 (Bloomberg) -- Chancellor Angela Merkel ’s coalition is divided over a bailout fund for banks proposed by Deutsche Bank AG Chief Executive Officer Josef Ackermann , with parties split on whether taxpayers should shoulder some of the cost.
Bank of America, Microsoft, Exxon May Face Obama Tax Increases (BusinessWeek)
1 February 2010
Bank of America Corp., Exxon Mobil Corp. and Microsoft Corp. would be among companies paying $400 billion in additional taxes under President Barack Obama’s $3.8 trillion budget.
Germany May Buy Stolen Swiss Bank Account Data, Merkel Says (Bloomberg)
1 February 2010
Feb. 2 (Bloomberg) -- German Chancellor Angela Merkel said she would be willing to buy stolen information relating to Swiss bank accounts to crack down on tax dodgers, sparking dissension in her government and criticism in Switzerland.
Australian Dollar Drops After Central Bank Leaves Rates On Hold (Bloomberg)
1 February 2010
Feb. 2 (Bloomberg) -- The Australian dollar dropped and two-year government bonds rose after the central bank unexpectedly left borrowing costs unchanged, ending a record set of interest-rate increases. New Zealand’s currency also fell.
African Development Bank Said to Plan Sale of Bonds in Dollars (Bloomberg)
1 February 2010
Feb. 2 (Bloomberg) -- The African Development Bank plans to sell three-year bonds denominated in U.S. dollars, according to a person familiar with the matter.
Cobalt Mortgage buys Bellevue firm - Seattle Daily Journal of Commerce (subscription)
1 February 2010
Cobalt Mortgage buys Bellevue firmSeattle Daily Journal of Commerce (subscription)Cobalt said this makes it the third largest retail mortgage lender in King County, behind Wells Fargo and Bank of America. Keith Tibbles, president of ...
Not on your pocket, but in your pocket - Marketing Web
1 February 2010
Not on your pocket, but in your pocketMarketing WebStandard Bank was the first to market this in South Africa, and a range of new age gift cards is now available that can be swiped anywhere that Mastercard ...
Obama plans cuts to cleanup funds for coal mines - Helena Independent Record
1 February 2010
Obama plans cuts to cleanup funds for coal minesHelena Independent RecordMike Enzi, R-Wyo., said deciding to eliminate the mine cleanup program is like a bank manager telling customers they can't withdraw money from a savings ...
Won Looks Poised to Rally Further - Wall Street Journal
1 February 2010
Won Looks Poised to Rally FurtherWall Street JournalThe won's strong showing last year came despite continued central bank sales of won to slow down its gains, but the prospect of even stronger intervention ...
Germany Says Will Buy Stolen Swiss Bank Account Data - Wealth Briefing (subscription)
1 February 2010
Germany Says Will Buy Stolen Swiss Bank Account DataWealth Briefing (subscription)The German government, which has already bought stolen information from a Liechtenstein private bank while chasing suspected tax evaders, said yesterday it ...
Asia Shares Up Off 3 - Month Lows - New York Times
1 February 2010
Asia Shares Up Off 3 - Month LowsNew York TimesBut the Australian dollar sank, pulling down the euro, after the country's central bank left interest rates unchanged in a move that stunned markets and ...
MFP sells Gov't discount bonds worth nearly 100 million euros - Financiarul
1 February 2010
MFP sells Gov't discount bonds worth nearly 100 million eurosFinanciarulThe Ministry of Public Finance (MFP) raised RON 399.984 million on Monday, by a Government discount bond issue, tendered through the National Bank of ...