Banks News Updates
China to Raise Reserve Ratio as Bills Due, Deutsche Bank Says (BusinessWeek)
1 March 2010
China may raise the amount of funds banks must set aside as reserves for a third time this year as a record amount of maturing bills in March floods the banking system with cash, according to Deutsche Bank AG.
Celesio May Be Target as Phoenix Sale Fades, DZ Bank Says (Bloomberg)
1 March 2010
March 2 (Bloomberg) -- Celesio AG, the biggest publicly traded drug wholesaler in Europe, may be a takeover target as the likelihood of a sale of German competitor Phoenix Pharmahandel GmbH fades, DZ Bank AG analyst Thomas Maul wrote in a note to clients today.
Aareal Bank May Buy WestLB’s Westimmo Unit, FT Deutschland Says (Bloomberg)
1 March 2010
March 1 (Bloomberg) -- Aareal Bank AG has made a non- binding offer for Westdeutschen Immobilienbank, a unit of state- owned bank WestLB AG , Financial Times Deutschland reported, citing unidentified people in the finance industry.
Commonwealth, ANZ Bank Match RBA’s Interest-Rate Rise (Update1) (Bloomberg)
1 March 2010
March 2 (Bloomberg) -- Commonwealth Bank of Australia and Australia & New Zealand Banking Group Ltd. will raise borrowing costs at the same pace as the central bank’s increase today, after drawing criticism in December for increasing loan rates too fast.
Kirk targets Giannoulias family bank loans (Chicago Tribune)
1 March 2010
Bank’s woes should be a concern for voters, he says Republican U.S. Senate candidate Mark Kirk said Monday the fate of his Democratic rival's family bank should be an issue of concern for voters.
Japan Bank Approaches Vietnam, Mongolia for Samurai Bond Sales (Bloomberg)
1 March 2010
March 2 (Bloomberg) -- Japan Bank for International Cooperation , the state-run lender that backed a 100 billion yen ($1.1 billion) Samurai bond issue by the Philippines last month, approached Vietnam and Mongolia to discuss similar sales.
Kirk talks tough on Giannoulias bank troubles (AP via Yahoo! News)
1 March 2010
Republican Senate candidate Mark Kirk touted ways to help small businesses on Monday, while talking tough about Democratic opponent Alexi Giannoulias, whose struggling family bank is being closely watched by regulators.
GBP pounded to one−year lows amid concerns about politics, debt; M&A/dividend ... - FXstreet.com The Forex Market
1 March 2010
GBP pounded to one−year lows amid concerns about politics, debt; M&A/dividend ...FXstreet.com The Forex MarketIn the North American session, Bank of Canada reviews rates but is broadly expected to maintain a steady hand. Yesterday's strong GDP numbers gave the CAD a ...
Election Risks, Debt and Inflation Push British Pound Below £/$1.50 Towards ... - The Market Oracle
1 March 2010
Election Risks, Debt and Inflation Push British Pound Below £/$1.50 Towards ...The Market OracleUK Debt - The Bank of England Says No More QE My analysis says it will print a further £75 billion before the end of 2010 (08 Jan 2010 - Bank of England UK ...
Industrial metals (copper, aluminium, nickel, etc.) daily review (March 02, 2010) - Stock Markets Review
1 March 2010
Industrial metals (copper, aluminium, nickel, etc.) daily review (March 02, 2010)Stock Markets ReviewHSBC's China Manufacturing PMI fell to 55.8 from 57.4 over the same period, according to the bank. Industrial metals are trading a higher on international ...
Gold and silver daily review (March 02, 2010) - Stock Markets Review
1 March 2010
Gold and silver daily review (March 02, 2010)Stock Markets ReviewTanzania's gold exports increased 5 percent to 34 tonnes while earnings were up 15 percent to $1.076 billion in 2009, according to central bank's statistics ...
EU urges Greece to agree new austerity plan - EurActiv
1 March 2010
EU urges Greece to agree new austerity planEurActivGreek bank shares rose by 4% on hopes of a deal. Fellow eurozone southern rim countries Portugal, Spain and Italy also saw their debt spreads over benchmark ...
Photos of suspects released - Manila Bulletin
1 March 2010
Photos of suspects releasedManila Bulletin... a bomb inside the comfort room of the City Hall here and another one near the Central Bank last week were released by the authorities Tuesday morning. ...
Hana Daetoo Securities Utilizes Numerix Portfolio - RFPConnect.com
1 March 2010
Hana Daetoo Securities Utilizes Numerix PortfolioRFPConnect.comHana Daetoo Securities is the investment banking arm of the Hana Financial Group (HFG) which owns Hana Bank, the bank in Korea. Hana Daetoo Securities will ...