”commercial banks” News

Global banking losses to hit 3.6 trillion dlrs: Roubini

WASHINGTON (AFP) – The financial crisis may lead to 3.6 trillion dollars in losses and writedowns for the global banking sector , an economist who was among the
01 23 2009 11:55AM (...more)

India's central bank faces tricky balancing act

MUMBAI (AFP) – India's central bank faces a tricky balancing act in fighting inflation expected to surge in coming months and keeping the country's fragile
09 21 2009 3:47AM (...more)

Fed eyes plan to fund short-term business loans

WASHINGTON - The government is weighing a bold plan to buy massive amounts of unsecured short-term debts in a dramatic effort to break through a credit clog that is imperiling the economy.
10 7 2008 9:52PM (...more)

Germans move millions into state-controlled banks

BERLIN - State-owned savings banks in Germany are reporting a flood of new deposits as people look for security amid the global economic crisis.
10 8 2008 8:44AM (...more)

Chavez threatens private banks with sanctions

CARACAS, Venezuela – President Hugo Chavez on Tuesday threatened to sanction private banks that fail to collaborate with his government's regulations as it moves
06 4 2009 8:32AM (...more)

Banks, investment firms reduce borrowing from Fed

WASHINGTON – Commercial banks and investment firms borrowed less from the Federal Reserve's emergency lending program last week, the government said Monday, although
12 30 2008 11:24AM (...more)

Canada's central bank cuts rate

TORONTO – Canada's central bank cut its key interest rate by three-quarters of a percentage point on Tuesday,
12 10 2008 8:48AM (...more)

Last major investment banks change status

WASHINGTON - The Federal Reserve said Sunday it had granted a request by the country's last two major investment banks — Goldman Sachs and Morgan Stanley — to change their status to bank holding companies.
09 23 2008 12:46AM (...more)

Bank of NY Mellon 4Q profit plunges 95 percent

NEW YORK – Bank of New York Mellon Corp . on Tuesday said its profit tumbled nearly 95 percent in the final quarter of last year due to sizable losses on investments and a severance-related charge. The report —
01 21 2009 5:30PM (...more)

Banks trim borrowing from Fed's emergency program

WASHINGTON – Banks borrowed less from the Federal Reserve's emergency lending facility over the past week and cut back on other programs designed to ease the financial crisis , encouraging signs that some credit stresses are
07 4 2009 1:56AM (...more)