Banks News Updates
Bank of Korea keeps interest rate at record low (AP via Yahoo! News)
10 March 2010
South Korea's central bank left its key interest rate at a record low Thursday amid international sovereign debt concerns and as the institution prepares for a leadership change.
Cooperative Bank of Kenya Full-Year Profit Climbs 24% (Update1) (Bloomberg)
10 March 2010
March 11 (Bloomberg) -- Cooperative Bank of Kenya Ltd., the country’s fourth-biggest lender by assets, posted a 24 percent increase in full-year profit as its customer base nearly doubled, Chief Executive Officer Gideon Muriuki said.
Bank of Korea Keeps Interest Rate at Record Low (ABC News)
10 March 2010
Bank of Korea keeps key interest rate at record low as economic growth slows Korea - South Korea - Economic growth - Asia - Business...
Bank Of China Mulling Hong Kong Share Sale: Report (Fox News)
10 March 2010
Bank Of China Mulling Hong Kong Share Sale: Report...
Ithmaar Bank Starts Rights Issue Tomorrow to Fund Expansion (Bloomberg)
10 March 2010
March 10 (Bloomberg) -- Ithmaar Bank BSC of Bahrain plans to start tomorrow issuing rights worth $200 million to fund an expansion of its operations, according to a company statement.
Obama’s Trade Goal Fights His Clean-Energy Plan at Export Bank (Bloomberg)
10 March 2010
March 11 (Bloomberg) -- President Barack Obama ’s goals of boosting U.S. exports and combating climate change are colliding as the U.S. Export-Import Bank expands financing for oil, gas, mining and power-plant projects.
S.Korea central bank freezes key rate for 13th month (AFP via Yahoo! News)
10 March 2010
South Korea's central bank Thursday froze the key interest rate at a record low 2.0 percent for a 13th successive month amid uncertainty about the economy at home and abroad.
Arqaam Capital advises on Middle - East Asian transaction - Zawya
10 March 2010
Arqaam Capital advises on Middle - East Asian transactionZawyaArqaam Capital, the largest Middle Eastern investment bank headquartered in the Dubai International Financial Centre, conceived and arranged the transaction ...
Bank of China plans $7.7 bln HK share issue soon-UPDATE 2 - Forexyard
10 March 2010
Bank of China plans $7.7 bln HK share issue soon-UPDATE 2ForexyardBEIJING, March 11 (Reuters) - Bank of China, one of the country's Big Four state lenders, said it wants to issue more shares in Hong Kong ...
CNP Assurances has Finalised in Portugal the Sale of its Majority Stake in the ... - Insurance News Net (press release)
10 March 2010
CNP Assurances has Finalised in Portugal the Sale of its Majority Stake in the ...Insurance News Net (press release)Following the recent partnerships signed with Barclays Bank Plc in Spain, Portugal and Italy and with Marfin Popular Bank in Greece and Cyprus, ...
Sensex lackluster; Sterlite, Sunpharma gain - Myiris.com
10 March 2010
Sensex lackluster; Sterlite, Sunpharma gainMyiris.comICICI Bank contributed rise of 15.08 points in the Sensex. It was followed by Infosys Technologies (11.16 points), Sterlite Industries (India) (7.22 points) ...
Legal Professional : "estate planning advisers" were running a ponzi scheme - ChiefOfficers.Net
10 March 2010
Legal Professional : "estate planning advisers" were running a ponzi schemeChiefOfficers.NetThey also wired investor money into bank accounts belonging to individuals living in Turkey who are named as relief defendants (third parties) in the SEC's ...
Parties Settle Long-Standing Class-Action Lawsuit - Insurance News Net (press release)
10 March 2010
Parties Settle Long-Standing Class-Action LawsuitInsurance News Net (press release)SBLI is a registered trademark of The Savings Bank Life Insurance Company of Massachusetts, which is in no way affiliated with SBLI USA Mutual Life ...
Kenyan minister tells colleagues to own up - Capital FM
10 March 2010
Kenyan minister tells colleagues to own upCapital FM... (NRM) - a project that is jointly funded by the World Bank and the Kenyan government through a World Bank credit facility amounting to $68.5 million. ...