Banks News Updates
China Mobile Said to Hire CICC to Advise on Pudong Bank Stake (Bloomberg)
2 March 2010
March 3 (Bloomberg) -- China Mobile Communications Corp. hired China International Capital Corp. to advise the world’s biggest phone company on a bid to buy a stake in Shanghai Pudong Development Bank Co.
Bank Pekao Fourth-Quarter Profit Falls to 611.8 Million Zloty (Bloomberg)
2 March 2010
March 3 (Bloomberg) -- Bank Pekao SA, Poland’s second- largest bank, said today fourth-quarter profit fell to 611.8 million zloty from 719.3 million zloty a year earlier.
China Mobile Said to Hire CICC to Advise on Pudong Bank Stake (BusinessWeek)
2 March 2010
China Mobile Communications Corp. hired China International Capital Corp. to advise the world’s biggest phone company on a bid to buy a stake in Shanghai Pudong Development Bank Co., two people involved in the talks said.
Fight Erupts Over Inquiry Into Jakarta Bank Bailout (New York Times)
2 March 2010
The police fired tear gas and used water cannons to disperse thousands of protesters outside Indonesia’s Parliament on Tuesday, while security guards inside had to break up a fight among lawmakers debating the results of an investigation into a bank bailout, Peter Gelling writes in The New York Times.
Bank of England to keep lending rate low: analysts (AFP via Yahoo! News)
2 March 2010
The Bank of England is set to keep its key lending rate at a record low 0.50 percent when it meets on Thursday despite Britain emerging from a record recession stronger than expected, analysts said.
Australia’s Central Bank May Pause on Rate Increases in April (Bloomberg)
2 March 2010
March 3 (Bloomberg) -- Australia’s central bank, the first in the Group of 20 to raise interest rates this year, may pause next month as Governor Glenn Stevens weighs whether inflation is a bigger threat than Europe’s sovereign debt crisis.
Westpac Matches Central Bank’s Interest-Rate Increase (Update1) (Bloomberg)
2 March 2010
March 3 (Bloomberg) -- Westpac Banking Corp. followed rival lenders in matching yesterday’s interest-rate increase by Australia’s central bank, after they drew government criticism in December for raising loan rates too fast.
Zuma backs end to Zimbabwe sanctions - DefenceWeb (press release)
2 March 2010
Zuma backs end to Zimbabwe sanctionsDefenceWeb (press release)... government in Zimbabwe last year, but remain deadlocked on issues such as the appointment of a new governor of the central bank and an attorney-general. ...
BMO notes exposure to PIIGS countries - Financial Post
2 March 2010
BMO notes exposure to PIIGS countriesFinancial PostThat's the lesson that might be taken from Bank of Montreal's disclosure yesterday that it has credit exposure to some of the most dodgy European countries, ...
Meltdown has helped US banks grow - Financial Post
2 March 2010
Meltdown has helped US banks growFinancial PostSo long as US banks are similar in size and similar in scope, no single bank will be able to outbid the others for government favours. ...
Surging financials commodities on TSX - Financial Post
2 March 2010
Financial PostSurging financials commodities on TSXFinancial PostThe Toronto Stock Exchange rose for a second straight day yesterday as Bank of Montreal (BMO/TSX) reported better-than-expected quarterly earnings and ...
fiscal quandary - MarketWatch
2 March 2010
fiscal quandaryMarketWatchWhile "the long-term need for Japan to address its fiscal deficits is real," Bank of Tokyo-Mitsubishi UFJ strategist Naomi Fink said in a recent note to ...
Britain launches 'green homes' loan scheme - EurActiv
2 March 2010
Britain launches 'green homes' loan schemeEurActivYou need a green bank to allow whole-house retrofits, rather than just incremental improvements," said Ed Matthew, who leads energy efficiency at climate ...
Indonesia parliament to debate reformers' future - AsiaOne
2 March 2010
Indonesia parliament to debate reformers' futureAsiaOneJAKARTA, March 3 (Reuters) - Indonesia's parliament will debate on Wednesday two conflicting recommendations from an inquiry into a bank ...