Banks News Updates
Japan bank lending slides as funding demand weak (Reuters via Yahoo! News)
7 February 2010
Japanese bank lending logged its biggest annual fall in more than four years in January as companies faced with overcapacity and a murky economic outlook steered clear of borrowing for capital investment purposes.
Australia to End Bank Guarantee; Debt Costs May Rise (Update1) (Bloomberg)
7 February 2010
Feb. 8 (Bloomberg) -- Australia’s government is withdrawing its guarantee on large deposits and wholesale funding that helped banks access credit after the global financial crisis, a move Bank of Queensland Ltd.
Australia to End Bank Guarantee; Debt Costs May Rise (Update1) (BusinessWeek)
7 February 2010
Australia’s government is withdrawing its guarantee on large deposits and wholesale funding that helped banks access credit after the global financial crisis, a move Bank of Queensland Ltd. said may drive up debt costs.
Japanese Bank Lending Declines Most in Four Years (Update3) (BusinessWeek)
7 February 2010
Japanese bank lending fell by the most in more than four years in January as some companies deferred capital investments and others turned to bond markets to raise funds.
Bank Research Consensus Weekly 02.08.10 (Daily FX via Yahoo! Finance)
7 February 2010
Today, Norges Bank , which along with the Bank of Israel and the Reserve Bank of Australia had started the global rate hike cycle late last year, kept its policy rate steady. Likewise, on Tuesday the RBA refrained from hiking its policy rate for a fourth time, which came as a surprise to markets.
Japanese Bank Lending Declines the Most in Four Years (Update2) (Bloomberg)
7 February 2010
Feb. 8 (Bloomberg) -- Japanese bank lending fell by the most in more than four years in January as companies returned to bond markets to raise funds.
TPG’s Bank Tabungan Loans Grow 50% as It Taps Poor (Update1) (BusinessWeek)
7 February 2010
PT Bank Tabungan Pensiunan Nasional, controlled by TPG, said lending rose more than 50 percent last year, about five times the industry average, as it gained access to the “mass market” in Indonesia.
More Stress Is Path Forward for New Bank Rules - Bloomberg
7 February 2010
More Stress Is Path Forward for New Bank RulesBloombergThe tests, recall, were an intensive effort to sift through the gobbledygook and identify exactly how bad bank balance sheets were. ...
German Bounty Tears Veil Off Swiss Secrecy: Celestine Bohlen - Bloomberg
7 February 2010
BloombergGerman Bounty Tears Veil Off Swiss Secrecy: Celestine BohlenBloombergIt's bank robbery, cry the lawyers. It is behavior unfitting of a “civilized state,” harrumphed one Swiss politician. Wait a minute. Who's talking here? ...
What is PayPal And How Can It Help My Business? - Fresh Business Thinking
7 February 2010
What is PayPal And How Can It Help My Business?Fresh Business ThinkingThey pay from their PayPal account (which is free for them to set up) which PayPal then 'refills' by drawing on their credit card, debit... ...card or bank ...
Euro Dips as Eurozone Fiscal Woes Fester - FLEXNEWS
7 February 2010
Euro Dips as Eurozone Fiscal Woes FesterFLEXNEWSAt the weekend G7 meeting of finance ministers and central bank governors, no new statement on currencies was issued, but support was rising for a levy on ...
Josh Beckett's Contract Talks a Game of Baseball Economics - NESN.com (blog)
7 February 2010
Josh Beckett's Contract Talks a Game of Baseball EconomicsNESN.com (blog)Do you take major risks hoping for a huge payoff or bank on the sure thing and opt for slow, steady growth? The Red Sox front office will take all sides of ...
Geithner Says US Will 'Never' Lose Aaa Debt Rating - BusinessWeek
7 February 2010
Geithner Says US Will 'Never' Lose Aaa Debt RatingBusinessWeekBank of Israel Governor Stanley Fischer, who was first deputy managing director at the International Monetary Fund from 1994 to 2001, said today he agreed ...
Dubai pumped $6.2b into debt-ridden giant - Geo TV
7 February 2010
Dubai pumped $6.2b into debt-ridden giantGeo TVThe Abu Dhabi-backed central bank of the United Arab Emirates also paid 10 billion dollars last February. Although Dubai World is owned by the government, ...