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  1. Bank of England widens range for reserves

    Posted Sep 21st 2007, 12:00am by Staff Reporter

    ... Bank of England said it would offer an extra #4.4 billion (HK$68.81 billion) in its open market operations and widen the range for banks' reserves with it to plus or minus 60 per cent. 'This will help to ensure that the secured overnight rate is in line with the Bank rate,' the central bank said. At the start of each month, banks tell the Bank of England what ...

  2. Business - Money

    HSBC: The hardly serious banking corporation

    Posted Apr 10th 2013, 09:29am by Anna Healy Fenton

    ... Anna Healy Fenton anna.fenton@scmp.com It seemed simple. Pop into HSBC on a visit to England – it’s “The world’s local bank,” - and check my account. I poked my HSBC card into the Taunton ... the balance. The machine offered me cash. Important to remember this – my pin number was definitely working when I entered the bank. Ivan suggested a quick call to Hong Kong from the “Premier Suite”, ...

  3. A final step needed in bank reform

    Posted Jul 06th 2012, 12:00am

    ... of a conversation between Diamond and a senior Bank of England official. The British Bankers' Association, which is responsible for Libor, should devise a system in which reference to actual lending- ... The fall of Barclays bank chief Bob Diamond is a defining moment in the debate about international banking reform in the wake of the global financial crisis. Diamond has been a vigorous ...

  4. Further rate rises may trigger price falls in British market

    Posted Nov 12th 2003, 12:00am by Richard Warren

    ... may trigger price falls, experts say. The Bank of England raised interest rates from a 38-year low of 3.5 per cent to 3.75 per cent, ending nearly four years of falls. Stronger than expected ... after the Reserve Bank of Australia lifted the cash rate 0.25 percentage points to 5 per cent. Property markets across Australia reportedly cooled at the weekend after the rise. Halifax Bank ...

  5. Business - Banking & Finance

    Swiss upper house backs US tax deal to protect banks

    Posted Jun 13th 2013, 11:14am by Reuters

    ... Reuters in Zurich Switzerland cleared the first hurdle towards ending a long-running US tax probe after one chamber of lawmakers voted to allow banks to sidestep strict secrecy laws to end ... trillion) in assets. But that haven has come under fire as other countries have sought to plug budget deficits by clamping down on tax evasion, with authorities probing Swiss banks in Germany ...

  6. Business - Banking & Finance

    Societe Generale earnings halve

    Posted May 07th 2013, 02:54pm by Bloomberg

    ... Bloomberg in Paris France's No 2 bank steps up cost cuts after result weighed down by accounting charges Societe Generale earnings dive 50pc Societe Generale, France's second-largest bank, said first-quarter profit dropped 50 per cent, hurt by accounting charges related to its own debt. Net income fell to €364 million (HK$3.7 billion) from €732 million a year earlier, ...

  7. Business - Banking & Finance

    France defends banking reform

    Posted Dec 20th 2012, 12:23pm by AFP

    ... Agence France-Presse in Paris France has introduced a long awaited bank reform bill and dismissed criticism that the measures fell short of campaign promises by French President Francois ... the deposits of savers.” But critics said the measures either put too big a strain on banks already saddled with new regulations, or failed to free the heavily indebted French state from the fate ...

  8. Business - Banking & Finance

    Chong Hing Bank surges to 6-year high on takeover hopes

    Posted Nov 30th 2012, 02:39pm by Bloomberg

    ... Bloomberg Chong Hing Bank Limited shares surged the most in almost six years after the appointment of a chief executive officer from outside the controlling shareholders’ family fuelled ... Lit-chi will step down after more than 50 years at the bank when his deputy, Lau Wai-man, gets approval from regulators to take over, the lender said on November 28. Family- owned banks in Hong ...

  9. Business - Banking & Finance

    Fitch blasts S&P over Credit Suisse mortgage debt

    Posted Dec 04th 2012, 03:50pm by Bloomberg

    ... Bloomberg in New York The AAA ratings assigned by Standard & Poor’s in a mortgage-bond deal by Credit Suisse Group AG are too high, Fitch Ratings said for the second time this year. The amount of protection for a top-rated slice of the us$330 million ...

  10. Business - Banking & Finance

    Greek banks to be recapitalised separately: central bank

    Posted Apr 08th 2013, 11:21am by AFP

    ... Greece’s central bank said the country’s main four lenders would be recapitalised separately, a move that put on hold a planned merger between two of them. “The Bank of Greece confirms that the recapitalisation process for the four systemic banks (National Bank, Alpha, Eurobank, Piraeus) is proceeding normally and will conclude in April in any case,” the central bank said. “All four banks have ...




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