| Mobile | RSS

Fatcats rule ; Yourview

<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…

[ More ] February 1st, 2010 | No Comments | Posted in Stock Markets |

Big storm may be brewing over residential property debt

<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…

[ More ] February 1st, 2010 | No Comments | Posted in Stock Markets |
 

No uptick in interest rates seen in the first quarter

<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…

[ More ] February 1st, 2010 | No Comments | Posted in Stock Markets |

Psalm taps banks for dollars to pay down maturing debt

<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…

[ More ] February 1st, 2010 | No Comments | Posted in Stock Markets |
 

Banks take over where builders left off

<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…

[ More ] February 1st, 2010 | No Comments | Posted in Stock Markets |

Tri-City banks among those under scrutiny

<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…

[ More ] February 1st, 2010 | No Comments | Posted in Stock Markets |
 

Moody’s Downgrades Hybrid Securities Ratings of Three Kazakh Banks

<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…

[ More ] January 31st, 2010 | No Comments | Posted in Stock Markets |

Regulators tighten screws on five more Georgia banks

<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…

[ More ] January 31st, 2010 | No Comments | Posted in Stock Markets |

Two more Georgia banks fail, boosting total to 32

<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…

[ More ] January 31st, 2010 | No Comments | Posted in Stock Markets |

First Banks’ red ink eased late last year

<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….

[ More ] January 30th, 2010 | No Comments | Posted in Stock Markets |