Banks News Updates
Bank Indonesia: Face Inflation Risks In 1st Half, No Cause For Concern (Fox News)
11 February 2010
Bank Indonesia: Face Inflation Risks In 1st Half, No Cause For Concern...
Ross Said to Get $1.1 Billion From Einhorn, Elliott to Buy Bank (Bloomberg)
11 February 2010
Feb. 12 (Bloomberg) -- Billionaire investor Stephen Ross and two partners raised about $1.1 billion from investors including David Einhorn’s Greenlight Capital Inc. to help their SJB National Bank acquire a seized U.S. lender, according to a person with knowledge of the matter.
Guoco Raises Stake in Bank of East Asia to 8.03% (Update1) (BusinessWeek)
11 February 2010
Guoco Group Ltd., the developer controlled by Malaysian billionaire Quek Leng Chan, increased its holding in Bank of East Asia Ltd. to 8.03 percent from 7.98 percent, according to a filing with the Hong Kong Stock Exchange.
Guoco Raises Stake in Bank of East Asia to 8.03% (Update1) (Bloomberg)
11 February 2010
Feb. 12 (Bloomberg) -- Guoco Group Ltd. , the developer controlled by Malaysian billionaire Quek Leng Chan , increased its holding in Bank of East Asia Ltd.
Bank of America Judge Poses 8 Questions on Settlement With SEC (Bloomberg)
11 February 2010
Feb. 12 (Bloomberg) -- The judge overseeing Bank of America Corp. ’s proposed $150 million settlement with the U.S. Securities and Exchange Commission posed eight questions for attorneys to answer before he decides whether to accept it.
China's Agricultural Bank signals IPO delay (Market Watch)
11 February 2010
Agricultural Bank of China reportedly says it has no plans to proceed with a planned initial public offering at this time, as it gauges market conditions as too weak.
Europe Rejects U.S. Deal on Bank Data (New York Times)
11 February 2010
Europe rejected an agreement with the U.S. to share information on bank transfers in order to track suspected terrorists, fearing for citizens’ privacy rights.
Bristol police raid second massive drugs factory - Bristol Evening Post
11 February 2010
Bristol police raid second massive drugs factoryBristol Evening PostThe find came a day after plants capable of producing more than £1 million of the Class B drug were found growing inside a disused bank in East Street, ...
German recovery stalled in fourth quarter 2009 - Reuters
11 February 2010
German recovery stalled in fourth quarter 2009Reuters... the record-breaking cold weather, which is a burden to construction in particular, is dragging on a long time," said Gerd Hassel, economist at BHF-Bank. ...
Man who helped put body in cement gets 9-year term - Bradenton Herald
11 February 2010
Man who helped put body in cement gets 9-year termBradenton HeraldElizarraraz and Brooks drained Andrews' bank account of $3591 and bought merchandise from retail stores. "This is simply greed," he said. ...
Industrial output surges in Dec; stimulus unwind likely - Reuters India
11 February 2010
Industrial output surges in Dec; stimulus unwind likelyReuters India... in further evidence of a strong economic recovery that could allow the government to follow the Reserve Bank of India in withdrawing stimulus. ...
Valentine's Day - Review St. Louis (blog)
11 February 2010
Valentine's DayReview St. Louis (blog)Now, this film is bound to bring in the bank for a number of reasons; lots of big name stars, appropriately timed release over the romantic holiday weekend, ...
India factory output surges 16.8 pct in Dec, 12th month of expansion and ... - CanadianBusiness.com
11 February 2010
India factory output surges 16.8 pct in Dec, 12th month of expansion and ...CanadianBusiness.comThe sharp rise is the biggest in at least five years, and will likely encourage the government to follow the central bank's lead in unwinding hefty stimulus ...
"Kenya Commercial Banking Report Q1 2010" now available at Fast Market Research - Live-PR.com (press release)
11 February 2010
"Kenya Commercial Banking Report Q1 2010" now available at Fast Market ResearchLive-PR.com (press release)Hydrocarbon revenues have swollen bank balances across the Gulf region, with significant amounts of capital and liquidity finding its way to North Africa as ...