Banks News Updates
Former Deutsche Bank Saba Asia Head Said to Plan New Hedge Fund (Bloomberg)
8 March 2010
March 9 (Bloomberg) -- The ex-Asia head of Deutsche Bank AG ’s Saba proprietary trading desk is planning a hedge fund seeking to profit from mispricing of securities in Asia’s equity and credit markets, said two people with knowledge of the matter.
National Bank of Greece, Alpha Cut at Deutsche Bank on Economy (Bloomberg)
8 March 2010
March 9 (Bloomberg) -- National Bank of Greece SA and Alpha Bank SA were cut to “hold” from “buy” at Deutsche Bank AG, citing concern that the country’s economy will worsen.
Philippine Central Bank May Further Unwind Stimulus (Update1) (Bloomberg)
8 March 2010
March 9 (Bloomberg) -- The Philippines will consider unwinding some of its stimulus measures even as it may keep interest rates unchanged to support the economic recovery, central bank Deputy Governor Diwa Guinigundo said.
Royal Bank of Canada May Buy U.S. Banks as Rules Become Clearer (Bloomberg)
8 March 2010
March 8 (Bloomberg) -- Royal Bank of Canada , the country’s largest lender, may be interested in taking over U.S. banks holding $10 billion in assets when banking rules become clearer, an executive said.
US denies W Bank building breach (BBC News)
8 March 2010
The US says Israel's authorisation of new building in a Jewish settlement in the West Bank does not violate a moratorium.
Masked pair target bank in raid (BBC News)
8 March 2010
Police appeal for witnesses to a bank robbery on Tyneside in which a security guard was threatened and cash was stolen.
C.F.T.C. Settles Bank of Montreal Trading Case (New York Times)
8 March 2010
The Commodity Futures Trading Commission said Monday that it had settled the charges against the supervisor of a Bank of Montreal natural gas trader who cost the bank around 680 million Canadian dollars (about $660 million United States) after the trader was accused of mismarking and misvaluing the bank's natural gas trading book for years.
Nifty rangebound; Tata Motors, JP Associates down - Economic Times
8 March 2010
Nifty rangebound; Tata Motors, JP Associates downEconomic TimesNifty gainers included TCS (1.78%), Wipro (1.67%), HDFC Bank (1.24%), Infosys (1.20%) and Unitech (1.12%). Tata Motors (-2.62%), Jaiprakash Associates ...
Big investors join in climate change asset allocation study - Trading Room
8 March 2010
Big investors join in climate change asset allocation studyTrading Room... firm set up to promote the transition to a low-carbon economy, and International Finance Corporation (IFC), which is part of the World Bank Group. ...
European Stock-Index Futures Are Little Changed; EADS May Fall - Bloomberg
8 March 2010
European Stock-Index Futures Are Little Changed; EADS May FallBloombergNational Bank of Greece SA, the nation's biggest lender, and Alpha Bank SA were cut to “hold” from “buy” at Deutsche Bank AG, which cited concern that the ...
Shore Capital Swings Into Profit on Asset Management - Bloomberg
8 March 2010
Shore Capital Swings Into Profit on Asset ManagementBloombergMarch 9 (Bloomberg) -- Shore Capital Group Plc, the London- based investment bank founded in 1985, swung into profit last year as revenue ...
How my 15p debt at bank rose to £80 - Essex Echo
8 March 2010
How my 15p debt at bank rose to £80Essex EchoThe Office of Fair Trading launched a test case against the banks in July 2007 to establish if it had the power to decide if bank charges were unfair. ...
Last shot - Boston Globe
8 March 2010
Last shotBoston GlobeHarris hit his first shot, a 3-pointer, but it was a bank shot from behind the key. He was too amped up and he knew it. When he got to the free throw line, ...and more »...
Unemployment rate climbs to 9.9% in Feb - Prague Daily Monitor
8 March 2010
Unemployment rate climbs to 9.9% in FebPrague Daily MonitorThe February growth in the number of jobless people is after last year the worst result for this month in eleven years, said UniCredit Bank analyst Pavel ...