Banks News Updates
China Exim Bank to Be Commercial Lender This Year (Update1) (Bloomberg)
4 March 2010
March 5 (Bloomberg) -- Export-Import Bank of China Chairman Li Ruogu said the bank will be transformed into a commercial lender from a government-sponsored policy bank this year.
World Bank Approves 100 Million Euro Loan Transfer to Latvia (Bloomberg)
4 March 2010
March 5 (Bloomberg) -- The World Bank approved a transfer of 100 million euros ($135.7 million) to Latvia as part of its international loan to provide social safety-net spending during the country’s economic recession.
Heads of Fed Districts Press to Keep Bank in Place (New York Times)
4 March 2010
As Congress haggles over a broad overhaul of the nation’s financial regulations, officials at the Federal Reserve have mounted a highly public effort to maintain, and perhaps even expand, the central bank’s regulatory powers, Sewell Chan reports for The New York Times.
ICBC, Bank of China Plan to Slow Lending This Year (Update1) (Bloomberg)
4 March 2010
March 5 (Bloomberg) -- Industrial & Commercial Bank of China Ltd. , the world’s largest lender by market value, and rival Bank of China Ltd. plan to slow lending in 2010 as the government seeks to curb last year’s record expansion.
Yen Drops on Speculation Bank of Japan Will Expand Easing Steps (Bloomberg)
4 March 2010
March 5 (Bloomberg) -- The yen declined against the dollar and the euro on speculation the Bank of Japan will step up credit easing measures to stave off deflation.
David Lichtenstein?s Bank Failure (Forbes)
4 March 2010
Real estate investor is going after Park Avenue Bank, which is on the verge of failue, court documen...
Zayat Stables, bank reach preliminary agreement (AP via Yahoo! News)
4 March 2010
Prominent thoroughbred owner Ahmed Zayat says he has reached a preliminary agreement that he hopes will keep his stable operational amid its legal dispute with a bank.
Panelists Questions Citigroup's 'Government Guarantee' - New York Times (blog)
4 March 2010
Panelists Questions Citigroup's 'Government Guarantee'New York Times (blog)Mr. Pandit used his testimony on Thursday to try to blunt criticism from committee members who held up Citigroup as the quintessential too-big-to-fail bank. ...
Bucharest stocks slightly up on Thursday - Financiarul
4 March 2010
Bucharest stocks slightly up on ThursdayFinanciarulThe top liquid issuers were Transilvania Bank – with trades worth RON 1.978 million; Petrom – RON 1.507 million; SSIF Broker – RON 1.481 million; ...
CalPERS Hires Janine M. Guillot as Chief Operating Investment Officer - Exchange News Direct
4 March 2010
CalPERS Hires Janine M. Guillot as Chief Operating Investment OfficerExchange News DirectShe has 25 years' experience in the financial markets, having held accounting and executive positions with Ernst & Young and Bank of America before joining ...
Eleco slips to H1 loss - IBTimes
4 March 2010
Eleco slips to H1 lossIBTimesNet bank debt at 31st December 2009 was 2.1m (H1 2008: net cash of 1m). Eleco said the deterioration in operating performance was principally caused by a ...
Aviva, Michael Page, Shire, WPP: UK, Irish Equity Preview - Bloomberg
4 March 2010
Aviva, Michael Page, Shire, WPP: UK, Irish Equity PreviewBloombergBarclays Plc (BARC LN): China Development Bank is reviewing its “ties” with the UK's second-biggest bank, the Daily Telegraph reported, citing CDB's ...
Artists turn talents to aiding food bank - Ottawa Citizen
4 March 2010
Artists turn talents to aiding food bankOttawa CitizenBy Tara Aghdashloo, The Ottawa CitizenMarch 5, 2010 12:00 AM The Ottawa Food Bank's warehouse became a stage Tuesday when members of the percussion group ...
Tightening the belt - Ottawa Citizen
4 March 2010
Tightening the beltOttawa CitizenThose that don't, such as Export Development Corporation and Business Development Bank, are expected to follow suit. "We will take action to ensure the ...