Banks News Updates
Philippine Central Bank Sees Momentum for Exit Plan (Update1) (BusinessWeek)
25 February 2010
The Philippine central bank will likely proceed with its plan to exit stimulus policies by withdrawing measures introduced to boost money supply during the global financial crisis, Assistant Governor Cyd Amador said.
Bank of America to Combine Online Brokers (TheStreet.com)
25 February 2010
Bank of America is consolidating its online brokerage with Merrill Lynch's Web offering as it looks to focus on more emerging affluent investors, a report says.
Pudong Bank May Sell Stake to China Mobile, Says Guotai Analyst (Bloomberg)
25 February 2010
Feb. 26 (Bloomberg) -- Shanghai Pudong Development Bank Co., part-owned by Citigroup Inc., may raise about 40 billion yuan ($5.9 billion) selling a stake to China Mobile, Guotai Junan Securities Co. said in a research note today.
Bank of Botswana Adopting Neutral Monetary Policy Stance (Bloomberg)
25 February 2010
Feb. 25 (Bloomberg) -- Bank of Botswana Governor Linah Mohohlo said the outlook for both inflation and output suggests a largely neutral monetary policy stance by the central bank in the medium term, a departure from the expansionary policy that the bank implemented in 2009.
Russia’s Alfa Bank Said to Plan Bond Sale in U.S. Dollars (Bloomberg)
25 February 2010
Feb. 26 (Bloomberg) -- Alfa Bank plans to sell bonds denominated in U.S. dollars, according to a person familiar with the matter.
United Overseas Bank Profit Rises 57%, Tops Analysts’ Estimates (Bloomberg)
25 February 2010
Feb. 26 (Bloomberg) -- United Overseas Bank Ltd., Singapore’s second-largest lender by market value, said fourth- quarter profit gained 57 percent, beating analysts’ estimates, on lower impairment charges.
Indonesia Bank Row May Hinder Cut in $11 Billion Fuel Subsidies (BusinessWeek)
25 February 2010
Indonesia may delay raising energy prices as a dispute over a 2008 bank bailout divides President Susilo Bambang Yudhoyono’s coalition, PT Bank Danamon said, undermining efforts to rein in almost $11 billion in subsidies.
Banking Federation chief defends BoI interest rate rise - Ireland Online
25 February 2010
Banking Federation chief defends BoI interest rate riseIreland OnlineBank of Ireland announced yesterday that they were raising interest charges on a number of products. Other banks are expected to follow suit in the coming ...
Living Bulgaria: Diary of a nomad - Sofia Echo
25 February 2010
Living Bulgaria: Diary of a nomadSofia EchoMy bank balance has also improved. I spent some time polishing and servicing my treasured 1930 BMW Dixi that I found and restored a few years back in ...
Japan factory output rises for 11th straight monthFebruary 26, 2010 1:50 am - Fort Wayne Journal Gazette
25 February 2010
Japan factory output rises for 11th straight monthFebruary 26, 2010 1:50 amFort Wayne Journal GazetteRecently, the country - Japan's biggest export market - has been taking steps to curtail bank lending to cool down its economy to prevent overheating. ...
Court documents: Official admitted Webster theft - Waterbury Republican American
25 February 2010
Court documents: Official admitted Webster theftWaterbury Republican American8 by federal authorities and charged with conspiring to defraud Waterbury-based Webster Bank out of more than $12 million. Egan's company, which a judge has ...
Afghans give US soldiers a run for their money - Forbes
25 February 2010
Afghans give US soldiers a run for their moneyForbesHickok, of Puyallup, Washington, sat beside him, plucking fresh bank notes from a black zip-up bag. "Depends on how you look at it, I guess," said Shields. ...
Lloyds reports £6.3bn loss - The Guardian
25 February 2010
The GuardianLloyds reports £6.3bn lossThe GuardianThe taxpayer owns 41% of the bank. Eric Daniels, chief executive of Lloyds, has already drawn a line under the scale of the losses and today reiterated that ...
Father: Suspect may have contacted students online - WTOL.com
25 February 2010
Father: Suspect may have contacted students onlineWTOL.comAnonymous tips to a phone bank set up after Columbine allowed officials to prevent 28 planned school attacks in Colorado, respond to more than 400 threats ...