Posts Tagged ‘banks’
|S.Korea banks’ Q4 profits fall on provisioning -regulator
S.Korea banks’ Q4 profits fall on provisioning -regulator
SEOUL, Feb 1 (Reuters) – South Korean banks’ total fourth quarter net profit slid 23.2 percent from the previous quarter on declining non-interest income amid continued provisioning pressure, South Korea’s financial watchdog said on Tuesday.
Read more on Reuters via Yahoo! Singapore News
Chinese banks hike rates
Chinese banks hike rates
Some Chinese banks have hiked interest rates on loans by as much as 45 per cent.
Read more on BigPond News
RBI limits co-op banks’ home loan exposure to 5% of assets
RBI limits co-op banks’ home loan exposure to 5% of assets
The Reserve Bank of India (RBI) today said that co-operative banks cannot give housing loans beyond 5 per cent of their total assets.
Read more on Business Standard India
Banks say fewer consumer loans are going bad
Banks say fewer consumer loans are going bad
Americans are starting to get their household finances in order.
Read more on FOX 12 Idaho
Summary Box: Banks lead stocks higher
Summary Box: Banks lead stocks higher
By The Associated Press BANK BOUNCE: JPMorgan Chase rose 1 percent after reporting that its income soared 47 percent in the fourth quarter. The bank set aside less money to cover bad loans and said it…
Read more on KSWO Lawton-Wichita Falls
Court rules against banks in pivotal mortgage case
Court rules against banks in pivotal mortgage case
By DENISE LAVOIE and MICHELLE CONLIN Associated Press The highest court in Massachusetts ruled against U.S. Bancorp and Wells Fargo & Co. Friday in a pivotal mortgage foreclosure case that could spark…
Read more on WAFF 48 News Huntsville
Regulators close banks in Florida, Arizona
Regulators close banks in Florida, Arizona
Associated Press – January 7, 2011 7:34 PM ET WASHINGTON (AP) – Regulators have shuttered banks in Florida and Arizona, the first two closures of 2011 after 157 banks succumbed last year to the…
Read more on WFLX FOX 29
Offer low-rate, high-term loans to poor, President asks banks
Offer low-rate, high-term loans to poor, President asks banks
Indian banks should step up banking services in rural areas and ensure loans offered to poor people carry a lower rate of interest and longer repayment period, President Pratibha Devisingh Patil said here on Thursday.
Read more on Express India
Petrobras May Trail Bovespa in 2011 as BlackRock Favors Banks
Petrobras May Trail Bovespa in 2011 as BlackRock Favors Banks
Petroleo Brasileiro SA, the biggest drag on Brazil’s benchmark stock index this year, may trail the Bovespa in 2011 on investors’ concern the oil producer’s investments will crimp profits, according to BlackRock Inc.
Read more on BusinessWeek
BMO Buying Marshall & Ilsley, Shows Canadian Appetite For U.S. Regional Banks
BMO Buying Marshall & Ilsley, Shows Canadian Appetite For U.S. Regional Banks
Bank of Montreal acquires the Milwaukee-based regional bank.
Read more on Forbes