Category Archives: Banking

Minneapolis Fed: Bank metrics trending up, but some only slightly

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Minneapolis Fed: Bank metrics trending up, but some only slightly
By Mark Anderson The number of problem loans at Minnesota banks dropped substantially during 2011 and the improvements will continue this year. It was the most positive news in a cautious quarterly banking released by the Federal Reserve Bank of …
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Wells Fargo to Buy Energy Loan Unit From BNP Paribas
By MICHAEL J. DE LA MERCED Wells Fargo agreed on Tuesday to buy the North American energy loan business of the French bank BNP Paribas, helping to bolster its capital reserves. Under the terms of the agreement, Wells Fargo will pick up BNP's North …
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Cabinet moots steps to clean-up tax haven image
by Urs Geiser, swissinfo.ch The Swiss government has agreed in principle on extending due diligence requirements of banks and improved legal assistance on tax matters with other countries. The finance ministry has been mandated to prepare concrete …
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Halifax Advert – Home Insurance – Halifax – the people who give you extra

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If you don’t claim on your home insurance, you don’t want it to go up. So we had an idea. Unlike other major banks, with our new home insurance offer we are fixing premiums for three years when you don’t claim. Three years fixed home insurance premiums from Halifax. The people who give you extra. www.halifax.co.uk
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Rural bank closures: Welsh MPs say branches are key to local economy

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Rural bank closures: Welsh MPs say branches are key to local economy
Welsh MPs have led a debate in Parliament raising concerns about the impact of rural bank closures. Both HSBC and Barclays have closed small rural banks in recent months, and NatWest plans to cut opening hours. Brecon and Radnorshire MP Roger Williams, …
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Germany Banking Group Sees High Participation in Greek Debt Swap
21 (Bloomberg) — The BdB Association of German Banks, which represents lenders including Deutsche Bank AG and Commerzbank AG, said it expects “numerous” bond holders to participate in the Greek debt swap. The private creditors are making “an enormous …
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Kids Learn About Sharing, Saving and Smart Spending from PNC Bank and Sesame …
21, 2012 /PRNewswire via COMTEX/ — Young children can learn about sharing, saving and smart spending through a new online learning center created by PNC Bank and Sesame Street(TM). The web site offers audio and video clips, games, activities and …
Read more on MarketWatch (press release)

Moroccan lender Attijari bets on Africa for growth

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Moroccan lender Attijari bets on Africa for growth
The bank's drive to add more African countries is motivated by strong growth potential they offer because of the low banking penetration there, Chief Executive Mohamed Kettani said. "We want to cover all Ecowas (Economic Community of West African …
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COMMERCIAL BANKS RATCHET UP FUNDS FOR LOBBYING
By Andrew Dunn MCT NEWS SERVICE Commercial banks spent nearly $ 62 million last year on lobbying, another record total for an industry that has become one of the most-active voices in the political arena. While their return on that investment is …
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China, Bank of Montreal, COFCO Group, investment, wealth management

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China, Bank of Montreal, COFCO Group, investment, wealth management
The Canadian Press The Bank of Montreal is acquiring a minority stake in a Chinese trust as part of a move to expand its presence in China's emerging wealth management market. BMO said Monday that it has a definitive agreement to take a 19.99 per cent …
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China to push fixing local government debt, housing loans
| BEIJING (Reuters) – Defusing questionable local government debt and containing risky real estate loans are priorities at a time when the global financial crisis is deepening, China's banking regulator said on Monday. China's authorities will strive …
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The Bank needs more than a new governor
By Patrick Jenkins Who should run the Bank of England? It is not a question that the government needs to answer immediately. But with Sir Mervyn King's two-term mandate as governor running out in June 2013, the chatter about who his successor should be …
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OCBC BANK : OCBC Group reports full year 2011 net profit of S$2312 million

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OCBC BANK : OCBC Group reports full year 2011 net profit of S12 million
Singapore, 20 February 2012 – Oversea-Chinese Banking Corporation Limited ("OCBC Bank") reported a net profit of S$ 2312 million for the financial year ended 31 December 2011 ("FY11"), an increase of 3% from 2010. Core net profit, which excludes gains …
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Fed chief says community banks have strengthened
AP WASHINGTON – Federal Reserve Chairman Ben Bernanke said last week that the health of the nation's community banks has strengthened, despite what he described as a frustratingly slow economic recovery. In remarks to a conference on community banking, …
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Singapore Stocks: Keppel Corp., Oversea-Chinese Banking, Sakari

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Singapore Stocks: Keppel Corp., Oversea-Chinese Banking, Sakari
Oversea-Chinese Banking Corp. (OCBC SP) added 0.7 percent to S$ 8.91 after Southeast Asia's second-largest bank said fourth-quarter profit rose 18 percent from a year earlier to to S$ 594 million ($ 475 million). That beat the S$ 574.3 million average of …
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84 Percent of San Francisco Foreclosures Fraudulent–Why are Bankers Still …
Someone broke the financial system, and evidence that the break was willful is now piled as high as banking execs' bonuses. Sign up to stay up to date on the latest Economy headlines via email. An old Eddie Murphy bit, made famous in his raunchy 1980s …
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Hungarian central bank row still unresolved

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www.euronews.net Hungary is continuing on a collision course with Brussels over the independence of its central bank. The European Commission wants Budapest to change a recently introduced law that Brussels says limits the bank’s independence. The conservative government of Prime Minister Viktor Orbán has backed down on some areas, but said on Friday that further discussions are needed on two issues the Commission and the European Parliament are unhappy about — the oath of office for the central bank governor and a cap on his salary.
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Iran Banks Face Increasing Pressure From the West

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Iran Banks Face Increasing Pressure From the West
By JAY SOLOMON WASHINGTON—The Belgium-based organization central to the international banking system said it was preparing to ban blacklisted Iranian banks from using its financial communications and clearing systems, a move that will sharply …
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China Cuts Bank Reserve Requirements With Export Outlook 'Grim'
18 (Bloomberg) — China cut the amount of cash that banks must set aside as reserves for the second time in three months to spur lending as Europe's debt crisis and a cooling property market threaten economic growth. Reserve requirements will fall by …
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Auburn banks to merge in HSBC deal
AP AuburnPub.com | Posted: Saturday, February 18, 2012 3:00 am | (0) Comments BUFFALO — First Niagara Bank said Friday it expects its $ 1 billion purchase of HSBC Bank's upstate New York retail operations to be completed by mid-May and is making plans …
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