Banks News Updates
Deutsche Bank to Target Chinese Millionaires, Handelsblatt Says (Bloomberg)
15 February 2010
Feb. 16 (Bloomberg) -- Deutsche Bank AG wants to expand its business with wealthy private customers in Asia by targeting Chinese millionaires, Handelsblatt reported, citing an interview with Robert Rankin , who heads the bank’s regional operations.
ADIB to Raise Stake in Egypt’s National Bank to ’Above 50%’ (Bloomberg)
15 February 2010
Feb. 16 (Bloomberg) -- Abu Dhabi Islamic Bank, the United Arab Emirates’ second-biggest bank complying with Islamic rules, plans to raise its stake in Egypt’s National Bank for Development to “above 50 percent,” Chief Executive Officer Tirad Mahmoud said.
JPMorgan, Bank of America Decline in Customer-Service Survey (Bloomberg)
15 February 2010
Feb. 16 (Bloomberg) -- Bank of America Corp., the largest U.S. bank by assets, ranked last among the nation’s four biggest lenders in an annual survey of customer satisfaction as it adjusts to the acquisition of Merrill Lynch & Co.
ADIB to Raise Stake to 51% in Egypt’s National Bank, 24/7 Says (Bloomberg)
15 February 2010
Feb. 16 (Bloomberg) -- Abu Dhabi Islamic Bank, the United Arab Emirates bank complying with Muslim banking rules, plans to raise its stake in Egypt’s National Bank for Development to 51 percent from 49 percent, Chief Executive Officer Tirad Mahmoud was cited as saying by Emirates Business 24/7.
Bank of Korea Says It Will Gradually Adjust Rates (Update1) (Bloomberg)
15 February 2010
Feb. 16 (Bloomberg) -- South Korea’s central bank said it will maintain low borrowing costs to support the economy and raise rates once it is confident the recovery is sustained.
Bank of Japan May Refrain From Easing Even as Deflation Deepens (Bloomberg)
15 February 2010
Feb. 16 (Bloomberg) -- The Bank of Japan will probably refrain from easing monetary policy further at a board meeting this week because the recovery remains intact even as deflation intensifies, economists said.
Bank Asset Disposals May Not Pick Up Until 2011 - Report (Fox News)
15 February 2010
Bank Asset Disposals May Not Pick Up Until 2011 - Report...
Robust demand for mobiles will continue: Report - indiablooms
15 February 2010
Robust demand for mobiles will continue: ReportindiabloomsIn the developing world, the ITU noted, there are also large numbers of people who have a mobile phone subscription but no bank account and use their phones ...and more »...
JPMorgan expected to announce $1.7 Billion Purchase of RBS Sempra Units - The FINANCIAL
15 February 2010
JPMorgan expected to announce $1.7 Billion Purchase of RBS Sempra UnitsThe FINANCIALRoyal Bank of Scotland Group Plc was forced to sell its stake in Sempra by the European Union after receiving a 45.5 billion-pound ($71 billion) ...and more »...
UK bank Barclays full-year profit more than doubles as 4Q profit soars - MSN Money
15 February 2010
UK bank Barclays full-year profit more than doubles as 4Q profit soarsMSN MoneyThe bank reported Tuesday that for the final three months of the year, Barclays report an after-tax profit to 6.9 billion pounds, compared to 824 million ...
Mobile Contactless Payments Trialled Live at Mobile World Congress 2010 - Mobile-Financial.com
15 February 2010
Mobile-Financial.comMobile Contactless Payments Trialled Live at Mobile World Congress 2010Mobile-Financial.comLa Caixa have issued accounts and have credited them with EUR75; La Caixa are also serving as the Acquiring bank for the participating merchants. ...and more »...
German Bonds May Rise as Ministers Urge Deeper Cuts From Greece - BusinessWeek
15 February 2010
German Bonds May Rise as Ministers Urge Deeper Cuts From GreeceBusinessWeek... between two- and 10- year German bonds climbed this year as investors favored shorter-dated securities amid speculation the European Central Bank will ...
European Stock-Index Futures Advance; Asian Shares Increase - BusinessWeek
15 February 2010
European Stock-Index Futures Advance; Asian Shares IncreaseBusinessWeekBarclays, the UK's second-largest bank, may climb after saying 2009 profit more than doubled, lifted by investment banking and the sale of a fund management ...
Oil steady above $74 as euro hovers near nine-month lows - Washington Post
15 February 2010
Oil steady above $74 as euro hovers near nine-month lowsWashington Post... concern mounting about the sustainability of the recovery in Europe," said Ben Westmore, a commodities analyst at the National Australia Bank. ...