<ul><li>SOMETIMES you wonder what planet the men who run our major banks live on.</li><li>Despite the banks almost bringing the country to its knees by reckless lending, union leaders have informed Holyrood’s Economy Committee t…
<ul><li>BUSINESS OPINION: Saving the banks from the consequences of their greed over consumer credit and residential mortgages could well be this autumn’s crisis, JOHN McMANUS </li><li>Even those borrowers on tracker rates will…
<ul><li>Feb. 1–FOREIGN banks expect Philippine interest rates to rise only later this year amid growing credit demand. </li><li>Union Bank of Switzerland (UBS) forecasts domestic Philippine bond yields will edge higher, as loca…
<ul><li>Feb. 1–STATE-RUN Power Sector Assets and Liabilities Management Corp. (PSALM) is set to buy dollars from the domestic market to pay for National Power Corp.’s (Napocor) maturing foreign debt, an official of the Philippine central b…
<ul><li>Jan. 31–At a time when dozens of Northwest banks are trying to dig themselves out of the mess left by the collapse of the housing bubble, City Bank of Lynnwood is attempting to build itself out. </li><li>AutumnWood at B…
<ul><li>Jan. 31–The recent forced sale of an Oregon community bank that had two Tri-City branches comes as federal state regulators also are keeping a close eye on at least two Washington chartered banks with branches in the Tri-Cities. &l…
<ul><li>Moody’s Investors Service has today downgradedthe ratings on certain hybrid securities of three Kazakh banks, namelyKazkommertsbank, ATF Bank and Bank CenterCredit. </li><li>This concludes Moody’s review for possible dow…
<ul><li>Jan. 30–Federal regulators are tightening the screws on five more small Georgia banks, requiring them to improve their operations and shore up their capital levels. </li><li>About one-third of Georgia’s more than 300 ba…
<ul><li>Jan. 30–Two of Georgia’s larger community banks were shut down on Friday by federal regulators, boosting the number of failures to 32 since the state’s banking crisis began in 2008. </li><li>The banks, First National Ba…
<ul><li>Jan. 30–Troubled First Banks Inc. continued to leak red ink late last year, but at a slower rate. </li><li>The Clayton-based company, parent of First Bank, reported a $153.8 million loss in the fourth quarter ended Dec….