| //31-12-2008 |
Wednesday, the People's Bank of China said it would adopt a moderately loose monetary policy in 2009. The central bank stated that it would ensure sufficient liquidity in the financial system and also promote steady growth in money supply and lending, the central bank said in a statement after a quarterly monetary policy meeting.
|
| //31-12-2008 |
Austria's government said Wednesday it will take over management of Bank Medici but will not supply it with funds, after the Vienna-based bank suffered large losses on investments with the alleged New York Ponzi scheme run by Bernard Madoff.
|
| //30-12-2008 |
WASHINGTON (AP) ¡ª Commercial banks and investment firms borrowed less from the Federal Reserve's emergency lending program last week, the government said Monday, although demand for the loans remains high amid a global credit crunch.
|
| //30-12-2008 |
Analysts at Deutsche Bank are commenting on the Dow Chemical (NYSE: DOW)/Rohm & Haas (NYSE: ROH) merger situation following the termination of the K-Dow petrochemical joint venture. The firm said renegotiation of the $78 merger price is likely
|
| //30-12-2008 |
Dow Chemical Co. lenders including Bank of America Corp., Citigroup Inc. and Morgan Stanley may press the chemicals maker to renegotiate the takeover of Rohm & Haas Co. to avoid losses on a $13 billion loan to fund the deal.
|
| //29-12-2008 |
The results of selection of "Bank of the Year" organized by UK The Banker were announced recently and Industrial and Commercial Bank of China Limited (ICBC) showed itself in the ferocious competition in Asia region by wining the title of the "Bank of the Year in Asia" for the first time. Simultaneously the bank obtained the honor of "Bank of the Year in China" for the 7th time
|
| //29-12-2008 |
Deutsche Bank announced today that it has received the authorization of the Central Bank of the United Arab Emirates to conduct wholesale banking through an on-shore branch, which will enable it to take institutional deposits, and offer loans and advances to corporate entities, government and semi-government institutions.
|
| //29-12-2008 |
|
| //26-12-2008 |
Standard Chartered Bank has joined with a coalition of five leading financial institutions to launch the Climate Principles, the first comprehensive industry framework to manage the risks and opportunities of climate change. This has also been formally adopted by Credit Agricole, HSBC, Munich Re and Swiss Re.
|
| //26-12-2008 |
Bank of America, N.A. announced that it is lowering its prime-lending rate to 3.25 percent from 4.00 percent
|
| //26-12-2008 |
|
| //26-12-2008 |
|
| //26-12-2008 |
Standard Chartered Bank (Hong Kong) Ltd is
pleased to announce that Owen Belman, currently Head of Consumer Banking Hong
Kong, has been appointed Group Head of Strategy Consumer Banking; relocating to
Singapore for this role.
|
| //25-12-2008 |
|
| //25-12-2008 |
ABN AMRO welcomes today's announcement by the Netherlands Ministry of Finance of its plans for the ABN AMRO and Fortis businesses that it has acquired.
|
| //25-12-2008 |
Deutsche Bank announced that it has received the authorization of the Central Bank of the United Arab Emirates to conduct wholesale banking through an on-shore branch, which will enable it to take institutional deposits, and offer loans and advances to corporate entities, government and semi-government institutions.
|
| //24-12-2008 |
One bank is playing Santa for 500 lucky homeowners in this season of foreclosures and sinking home values — a gesture paid in part by employees forgoing their annual office party.
|
| //24-12-2008 |
Dec. 24 (Bloomberg) -- IndyMac Bank, the California mortgage lender seized by U.S. regulators five months ago, will be sold by the Federal Deposit Insurance Corp. before the end of this year, said a person familiar with the matter.
|
| //24-12-2008 |
The Treasury is spending $4.7 billion from the bailout fund to buy stock in 92 local banks.
|
| //24-12-2008 |
MOSCOW -- The World Bank called on Russia to abandon the ruble's managed exchange-rate policy in order to moderate capital outflow, which is set to reach at least $100 billion this year, and safeguard the country's massive monetary reserves.
|
