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The Earth Times Online Newspaper (Free subscription) | 15 hours ago
London - Another 1,150 jobs will be lost in the British banking sector, after investment bank Credit Suisse and British giant HSBC announced cuts on Monday. Credit Suisse, the second largest Swiss bank, is to axe 650 jobs, amounting to about 10 per c...
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The Earth Times Online Newspaper (Free subscription) | 15 hours ago
London - Another 1,150 jobs will be lost in the British banking sector, after investment bank Credit Suisse and British giant HSBC announced cuts on Monday. Credit Suisse, the second largest Swiss bank, is to axe 650 jobs, amounting to about 10 per c...
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Vietnam Business Finance (Free subscription) | 8 hours ago
Speaking at the opening ceremony of the Banking and Security Vietnam 2008 Conference, State Bank of Vietnam (SBV)’s Governor Nguyen Van Giau said that the Government considers the use of monetary and financial policies a decisive factor in preventing an economic recession.He asked banks to focus on investing in technology in order to ensure the stability, safety,...
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Offshore Services (Free subscription) | yesterday
Singapore 30 November, 2008 - Many of the world's rich are abandoning traditional tax havens for Singapore with funds from China, Indonesia and India dominating the bulk of the city-state's private banking business, Zetland Fiduciary ...
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Zawya.com - Top Regional News (Free subscription) | 14 hours ago
Though the apparent lack of funding is hitting the banking sector, the indirect impact related to the downturn in the property market is a greater issue, a report released by EFG-Hermes said.
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International Herald Tribune (Free subscription) | 4 hours ago
Some authorities have already required banks to increase their capital ratios and reduce risk to withstand the financial turmoil.
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Banking Times: Daily Banking News (Free subscription) | yesterday
Essex County Council is proposing to set up a bank that can provide loans for small firms unable to tap funds from the UK’s private, or even part-nationalised, banking sector. The move is in response to pleas from local business people who say they are unable to secure credit from High Street banks. According to council leader, [...]
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Miami Herald (Free subscription) | 6 hours ago
The Jordanian Central Bank's 0.5 percentage point cut in key lending rates went into effect Tuesday, as indications mounted that the cash-strapped Arab kingdom was being hard hit by the global financial crisis.
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Seattle Times (Free subscription) | 6 hours ago
The Jordanian Central Bank's 0.5 percentage point cut in key lending rates went into effect Tuesday, as indications mounted that the cash-strapped Arab kingdom was being hard hit by the global financial crisis.
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Seattle Post-Intelligencer (Free subscription) | 6 hours ago
AMMAN, Jordan -- The Jordanian Central Bank's 0.5 percentage point cut in key lending rates went into effect Tuesday, as indications mounted that the cash-strapped Arab kingdom was being hard hit by the global financial crisis.
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BBC News (Free subscription) | 8 hours ago
The EU competition commissioner says she expects banks that receive state aid to give commitments to lend to the real economy.
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Reuters UK (Free subscription) | 30/11/2008
MOSCOW, Nov 30 (Reuters) - Russia's Alfa Bank has bought a controlling stake in a distressed regional rival, it said in a statement on Sunday, further evidence that a global squeeze on credit is troubling Russia's sprawling banking sector. Alfa Bank, the country's biggest private bank, had been looking for takeover targets among Russia's 1,000 banks...
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People Daily (Free subscription) | 30/11/2008
Indonesian Vice President Jusuf Kalla called on bank owners to go hand in hand with the Bank Indonesia (BI), the central bank, to make the country's banking sector more conducive and stable. "The government has recently raised its deposit guarantee limit to 2 billion rupiah (200 million U.S. dollars) from 100 million rupiahs (10,000. U.S. dollars). This is a huge...
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The Age (Free subscription) | 22 hours ago
Government expects banks to pass on as much as they can of expected RBA rate cut.
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The Age (Free subscription) | 22 hours ago
Government expects banks to pass on as much as they can of tipped RBA rate cut.
