Banking News

11:46 AM
17-March
2010 Bangladesh To Slash Bank Borrowing Target By Almost Half By Fiscal EndBangladesh has slashed bank borrowing targets by almost half for this fiscal year following a significant increase in debt caused by selling national savings directorate (NSD) certificates, officials said on Wednesday.
Topics: banking, politics, regulatory policy and organization, financial and business service, economy, business and finance, World

9:41 AM
16-March
2010 AHN Exclusive: Citibank To Introduce More Debt And Equity Products In BangladeshCitibank, N.A., will soon introduce more debt and equity products in Bangladeshi markets, a senior official told AHN Media Tuesday.
Topics: economy, business and finance, banking, financial and business service, World

12:50 PM
10-March
2010 Netanyahu Offers Stanley Fischer Second Term As Bank ChiefFollowing months of uncertainty and political infighting, Israeli Prime Minister Binyamin Netanyahu has offered a second five-year term to Prof. Stanley Fischer as governor of the Bank of Israel.
Topics: government, banking, politics, financial and business service, executive (government), economy, business and finance, World

4:25 AM
10-March
2010 Bank Of Nova Scotia Logs $1 Billion Profit For Q1The Bank of Nova Scotia reported on Tuesday a first quarter profit of almost $1 billion. The Scotiabank is the fifth among the largest Canadian banks since last week to log record-high profits during a quarter preceding a recession.
Topics: banking, company information, financial and business service, quarterly or semiannual financial statement, economy, business and finance, economy, Canada

11:03 AM
9-March
2010 Bangladesh's Banks Asked To Be Careful About Business With "PEPs"The central bank of Bangladesh has asked banks and non-banking financial institutions (NBFIs) to be more careful while opening and maintaining accounts of certain prominent public officials known as "politically exposed persons."
Topics: banking, politics, regulatory policy and organization, financial and business service, celebrity, economy, business and finance, celebrity buzz

   

10:35 AM
9-March
2010 Investment in Israeli Venture Capital DropsIsraeli venture capital firms are finding it difficult to find investors for the country's high-tech sector, a recent report found. According to a report by the Israeli Venture Capital Research Center (IVCRC), 2009 was the third worst year in the last decade for the country's venture capital funds as only $228 million was raised compared to $803 in 2008, a drop of 72 percent.
Topics: banking, financial and business service, economy, business and finance, finance, World

6:27 AM
9-March
2010 Germany Proposes Creation Of European Monetary FundGermany is proposing the creation of a European Monetary Fund. The fund would be the equivalent of the International Monetary Fund for the European Union.
Topics: banking, money and monetary policy, politics, financial and business service, economy, business and finance, finance, international organization, World

7:16 AM
5-March
2010 TD Bank Reports Record Q1 ProfitThe Toronto-Dominion Bank reported on Thursday a profit of $1.3 billion for the first quarter ending Jan. 31. The TD Bank is the fourth major Canadian bank to report record-high profit for Q1, even while the country's economy is recovering.
Topics: banking, company information, financial and business service, quarterly or semiannual financial statement, economy, business and finance, economy, Canada

6:51 AM
5-March
2010 Bank Of England Retains Key Lending Rates At 0.5 PercentThe Bank of England kept the official bank rate paid on commercial bank reserves at a record-low of 0.5 percent. The decision was made Thursday after a vote by members of the bank's Monetary Policy Committee.
Topics: money and monetary policy, banking, financial and business service, finance, economy, business and finance, World

11:44 AM
3-March
2010 Remittances To Bangladesh Jump Almost 20 PercentBangladesh expatriates sent home a record $7.329 billion in remittances during the first eight months of this fiscal year, marking a more than 19 percent growth over the same period a year ago.
Topics: banking, social issue, labor, financial and business service, employee, economy, business and finance, World