Banks News Updates
Japanese Stocks Gain on Central Bank Speculation; Ringgit Rises (Bloomberg)
11 March 2010
March 12 (Bloomberg) -- Japanese stocks gained and the yen weakened on speculation the central bank will add more funds to its financial system. Emerging-market currencies strengthened as rising confidence in Greece’s ability to pay its debt shored up demand for riskier assets.
Israel seals off West Bank to prevent unrest (AP via Yahoo! News)
11 March 2010
Israel has sealed off the West Bank for 48 hours, preventing Palestinians from entering Israel because of fears of unrest.
Israel orders army to seal off West Bank for 48 hours (AFP via Yahoo! News)
11 March 2010
Israeli Defence Minister Ehud Barak has ordered the army to seal off the West Bank for 48 hours until midnight on Saturday, an army spokesman said.
Morimoto Nominated to Bank of Japan’s Policy Board (Update2) (BusinessWeek)
11 March 2010
Japan’s government nominated former Tokyo Electric Power Co. executive Vice President Yoshihisa Morimoto to join the Bank of Japan’s policy board, filling its last vacancy as policy makers grapple with entrenched deflation.
State Regulators Shut Down a City Bank, LibertyPointe (New York Times)
11 March 2010
The bank, which had one branch in Manhattan and two in Brooklyn, was the first based in New York City to fail since 1999.
China sets guidelines on bank bonuses (CNN)
11 March 2010
China's banking regulator has issued guidelines linking bonus pay of bank executives and employees to performance, according to state media.
Regulators shut LibertyPointe Bank in NYC (AP via Yahoo! News)
11 March 2010
Regulators on Thursday shut down LibertyPointe Bank in New York City, boosting to 27 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
Drought affects countries along Mekong River - ReliefWeb (press release)
11 March 2010
Drought affects countries along Mekong RiverReliefWeb (press release)Trairong Suwannakiri, Deputy Prime Minister of Thailand on Sunday visited Mekong River bank in Chiang Saen district of Chiang Rai province on the border ...
Aust dollar closes higher ahead of US retail figures - Trading Room
11 March 2010
Aust dollar closes higher ahead of US retail figuresTrading RoomRoyal Bank of Scotland foreign exchange strategist Greg Gibbs said the local unit continued to be well supported following the release of steady Australian ...
India gold buying retreats; price falls eyed - Reuters India
11 March 2010
India gold buying retreats; price falls eyedReuters IndiaThey were all wedding buyers," said a dealer with a state-run bank in Mumbai. International gold, which guides the domestic market, was $1112.40/1113.20 an ...
Obama to nominate Yellen as Fed vice chairman: WSJ - MarketWatch
11 March 2010
Obama to nominate Yellen as Fed vice chairman: WSJMarketWatchYellen, who has been president of the Federal Reserve Bank of San Francisco since 2004, is one of the more dovish policy makers among the Fed's 12 regional ...
ECB's Nowotny says worst over, but growth weak - Alibaba News Channel
11 March 2010
ECB's Nowotny says worst over, but growth weakAlibaba News ChannelVIENNA, March 12 - The worst of the economic crisis is over but growth is still weak and the risk of loan defaults could be rising, European Central Bank ...
China tells US not to 'politicise' yuan policy - MSN Philippines News
11 March 2010
MSN Philippines NewsChina tells US not to 'politicise' yuan policyMSN Philippines News"We believe the yuan exchange rate issue will not help shrink or increase our trade surpluses and deficits," People's Bank of China vice governor Su Ning ...
Today in the press - RTE.ie
11 March 2010
Today in the pressRTE.ieDUKES TO SUCCEED O'CONNOR AS CHAIRMAN OF ANGLO IRISH BANK - The chairman of Anglo Irish Bank, Donal O'Connor, has decided to step down and will be replaced ...