Banks News Updates
'Bank accounts for all' in Budget (BBC News)
23 March 2010
UK banks would be legally obliged to provide bank accounts for all under plans to be announced in the Budget, the BBC learns.
Development bank will forgive $479 million in Haitian debt (Denver Post)
23 March 2010
The Inter-American Development Bank said Monday that it has agreed to forgive $479 million in debts owed by quake-ravaged Haiti. Bank President Luis Alberto Moreno said the bank's board of governors voted to forgive the debt and will offer $2 billion in financing to the Caribbean nation over the next 10 years.
Inter-American Bank boosts capital by $70 billion (AFP via Yahoo! News)
22 March 2010
The governing board of the Inter-American Development Bank (IDB) has agreed to boost its capital by 70 billion dollars, almost doubling its capacity to make loans to countries in the region.
UCO Bank Sells 5 Billion Rupees of Step-Up, Callable Bonds (Bloomberg)
22 March 2010
March 23 (Bloomberg) -- India’s UCO Bank sold 5 billion rupees ($110 million) of 8.9 percent notes maturing in 2025, data compiled by Bloomberg show. UCO can buy back the bonds in March 2020, and if it chooses not to the coupon increases to 9.4 percent, the data show.
China Central Bank Chief Decries 'noise' Over Yuan (Fox News)
22 March 2010
China Central Bank Chief Decries 'noise' Over Yuan...
Americas Development Bank Forgives Much of Haiti’s Debt (New York Times)
22 March 2010
The move by the Inter-American Development Bank to forgive $479 million in debt came as two former American presidents visited the earthquake-devastated nation.
Development bank forgives $479 million Haiti debt (AP via Yahoo! News)
22 March 2010
The Inter-American Development Bank said Monday it has agreed to forgive $479 million in debts owed by quake-ravaged Haiti.
The US Market and Commodities Climb - FXstreet.com The Forex Market
23 March 2010
The US Market and Commodities ClimbFXstreet.com The Forex Market... is more likely to be in line with the Bank of England Monetary Policy Committee's forecast and the MPC expects fourth quarter GDP to be revised higher. ...
Analysis:China March Trade Deficit May Defuse Treasury Report - Market News International
23 March 2010
Analysis:China March Trade Deficit May Defuse Treasury ReportMarket News InternationalA drop in exports in March had been expected by some economists, including Royal Bank of Scotland's Ben Simpfendorfer, who argues that the turnaround is the ...
Auditor says it told Lehman board of whistleblower - WXEL
23 March 2010
Auditor says it told Lehman board of whistleblowerWXELIn its letter to audit committees, Ernst & Young referenced a footnote in Lehman's 2007 audited financials that said the bank had off balance sheet ...
SNB Hildebrand: Will Act Against Excessive Sfr-Euro Rise - Market News International
23 March 2010
SNB Hildebrand: Will Act Against Excessive Sfr-Euro RiseMarket News InternationalFRANKFURT (MNI) - The Swiss National Bank will act decisively to prevent excessive appreciation of the Swiss franc against the euro in order to avert any ...
G20 policeman 'mistook juice carton for weapon' - Peterborough Today
23 March 2010
G20 policeman 'mistook juice carton for weapon'Peterborough TodayMetropolitan Police Sergeant Delroy Smellie, 47, said he lashed out in a "pre-emptive strike" during a confrontation outside the Bank of England on April 2 ...
Braintree hunts for chatty bank robber - The Patriot Ledger
23 March 2010
Braintree hunts for chatty bank robberThe Patriot LedgerBy Anonymous A bank robber chatted on a cell phone, apparently arranging for a getaway ride, as he held up the TD Bank at 44 Granite St., police said. ...
Edmonton cab driver charged with stealing from customers - The Chronicle Journal
23 March 2010
Edmonton cab driver charged with stealing from customersThe Chronicle JournalUnknown to them, their bank card was replaced with another and they didn't learn of the switch until they realized cash had been withdrawn from their ...