Banks News Updates
Deutsche Bank, Moore Capital Workers Probed on Insider Trading (Bloomberg)
24 March 2010
March 24 (Bloomberg) -- Employees at Deutsche Bank AG, Exane SA and hedge fund Moore Capital Management LLC’s U.K. unit are being investigated as part of the U.K.’s largest crackdown on insider trading.
Nexans, Prysmian Rated ‘Buy’ in New Coverage at Deutsche Bank (Bloomberg)
24 March 2010
March 24 (Bloomberg) -- Deutsche Bank AG initiated coverage of Nexans SA with a “buy” rating and a price estimate of 89 euros, saying in a note that the world’s biggest maker of cables and wires has “strong fundamentals in energy infrastructure.”...
China’s Stocks Rise on Bank Profit, Regional Development Plans (Bloomberg)
24 March 2010
March 24 (Bloomberg) -- China’s stocks rose, led by lenders and industrial companies, on the Bank of China Ltd.’s more-than- fourfold surge in earnings and reports of government plans to speed up development of the country’s inland provinces.
Kenya Central Bank Reports January Remittance $45.12 Million (Bloomberg)
23 March 2010
March 24 (Bloomberg) -- Kenyans living abroad sent home $91.54 million in the first two months of this year, compared with $92.88 million during the same period last year, the Nairobi-based central bank said on its website.
Hong Kong Stocks Advance as Bank of China Unit Rises on Profits (Bloomberg)
23 March 2010
March 24 (Bloomberg) -- Hong Kong stocks rose for a second day after Bank of China Ltd. and a local subsidiary reported better-than-estimated earnings.
Asian Development Bank Sells A$450 Million of Kangaroo Bonds (Bloomberg)
23 March 2010
March 24 (Bloomberg) -- The Asian Development Bank added A$450 million to its existing line of 5.5 percent kangaroo bonds due in February 2016, according to an e-mailed statement from Australia & New Zealand Banking Group Ltd., which helped manage the sale.
Norway’s Fragile Recovery May Lead Norges Bank to Hold Rates (Bloomberg)
23 March 2010
March 24 (Bloomberg) -- Norges Bank will probably leave its benchmark rate on hold today and signal a slower pace of tightening as a sluggish recovery among its trading partners casts doubt on the strength of Norway’s rebound.
Darling seeks to reassure markets - istockAnalyst.com (press release)
24 March 2010
Darling seeks to reassure marketsistockAnalyst.com (press release)Mr Darling is expected to order the part-nationalised Royal Bank of Scotland and Lloyds to provide a further Pounds 90bn in business lending after ...
FTSE 100 preview: Share up on Budget day - This is Money
24 March 2010
FTSE 100 preview: Share up on Budget dayThis is MoneyStandard Chartered's private bank aims to hire over 100 bankers globally in 2010 with Asia accounting for two-thirds of the new recruits, as it seeks to tap ...
Bernanke Wants to End Bank Reserve Requirements Completely: Does It Matter ... - Seeking Alpha (blog)
24 March 2010
Bernanke Wants to End Bank Reserve Requirements Completely: Does It Matter ...Seeking Alpha (blog)This is going to shock every hyperinflationist in town (and perhaps every inflationist and deflationist too) but amazingly, elimination of bank reserve ...
Hong Kong Stocks Fluctuate; Bank of China Unit Gains on Profits - BusinessWeek
24 March 2010
Hong Kong Stocks Fluctuate; Bank of China Unit Gains on ProfitsBusinessWeekMarch 24 (Bloomberg) -- Hong Kong stocks fluctuated as Bank of China Ltd.'s local subsidiary gained after reporting better- than-estimated ...and more »...
Dar bank eases housing loans - The Citizen Daily
24 March 2010
Dar bank eases housing loansThe Citizen DailyThe Commercial Bank of Africa (CBA), one of the players behind the revival of mortgage finance, announced yesterday that it would start offering 20-year ...
Pay cuts coming for big execs - The Daily Advertiser
24 March 2010
Pay cuts coming for big execsThe Daily AdvertiserSince then, Citigroup and Bank of America have paid back the money and are no longer covered by the pay guidelines. It's far from clear that the five ...
UN Chief Outlines Steps Needed to Reach Development Targets - Journal of Turkish Weekly
24 March 2010
UN Chief Outlines Steps Needed to Reach Development TargetsJournal of Turkish Weekly... accountable and equitable governance," he emphasized, welcoming the reform of the Bretton Woods institutions, which include the World Bank. ...