A former banker on Monday handed over confidential details of over 2,000 Swiss bank accounts to the whistle-blowing website, WikiLeaks, Deutsche Welle reported. At a news conference in London, Rudolf Elmer presented Wikileaks founder Julian Assange with the data that allegedly contains proof that prominent individuals have been involved in “mass tax evasion.”
Posts Tagged ‘Bank’
Central bank increases key policy rate
January 17th, 2011 |
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After reviewing current economic trends, the NBS Executive Board today announced it had raises the reference interest rate from 11.5 to 12 percent. The central bank’s board considered the fact that inflation exceeded the upper end of the target range and that further restrictions of monetary policy are needed in order to contain inflation pressures driven by the rise in regulated prices, inflation expectations, food prices and the price of oil on the world market, a statement said.
Policy to dampen sentiment on Singapore banks – Deutsche Bank
January 17th, 2011 |
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Deutsche Bank says although latest action to cool Singapore’s residential property market shouldn’t come as great surprise “it will likely dampen sentiment towards the banks near-term.” In month following measures August, banks underperformed the STI by 5.0%. It adds, UOB (U11.SG) was most affected, falling 8.0%, while DBS (D05.SG) and OCBC (O39.SG) were down 3.0%, “which is intuitive given the bank’s greater reliance on housing to deliver credit growth.”
Government Says No to Helping States and Main Street, While Continuing to Throw Trillions at the Giant Banks
January 13th, 2011 |
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The Wall Street Journal noted last week:Federal Reserve Chairman Ben Bernanke on Friday ruled out a central bank bailout of state and local governments strapped with big municipal debt burdens, saying the Fed had limited legal authority to help and l…
Jan 10: Singapore stocks may open lower on Wall St; Banks in focus
January 10th, 2011 |
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Singapore shares may open lower on Monday with bank stocks in focus after losses on Wall Street following a court ruling in a key foreclosure case that prompted investors to pull out of U.S. bank stocks.
Singapore’s benchmark Straits Times Index <.FTSTI> was down 0.56% last Friday to 3,261.35 points. Here are some stocks and factors to watch today:
Singapore banks DBS (DBSM.SI), Oversea-Chinese Banking Corporation (OCBC.SI) and United Overseas Bank (UOBH.SI) may be affected after shares of U.S. lenders fell on fears the court ruling could threaten their ability to work through pending foreclosures.
Bank of America-Merrill Lynch keeps SGX at Underperform; $8.30 target
January 7th, 2011 |
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Bank of America-Merrill Lynch keeps SGX (S68.SG) at Underperform with $8.30 target price. “2Q11 net profits should rise but not surprise” at $87.1 million, +21% on-year, +17% on-quarter, “driven by the increased securities turnover, leading to better clearing revenues as well as depository and issuer services revenues.”
C. bank: Q3 recovery faster than expected
January 6th, 2011 |
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The third quarter of 2010 saw economic activity recover faster than expected, the National Bank of Serbia (NBS) said. The central bank underlined that GDP increased by 2.7 percent according to the year-to-year data.
Stats Chippac hires Deutsche Bank for US$200m notes sale
January 5th, 2011 |
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Stats Chippac, a Singapore-based provider of semiconductor test and assembly services, plans to sell US$200 million ($257.9 million) of senior notes due 2016 to repay debt, according to a Singapore stock exchange announcement.
The proceeds will be used to repay the company’s US$234.5 million of debt outstanding under a US$360 million senior term loan facility which was obtained in May, the announcement said.
Deutsche Bank AG has been hired to help manage the sale, the announcement said.
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C. bank announces exchange rate
January 1st, 2011 |
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The Serbian dinar will lose 51 paras in value against the euro in the first few days of 2011. The official middle exchange rate will be RSD 106.0156 for one euro as of January 4, the National Bank of Serbia (NBS) stated.
Singapore Nov bank lending up 1.7% from Oct
December 31st, 2010 |
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Total bank lending rose 1.7% to $318.5 billion in November from $313.3 billion in October, central bank data showed on Friday. Housing loans to consumers rose 1.7% to $110.9 billion from $109.1 billion in October.
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No RBI approval needed for bank branches in northeast: minister
December 30th, 2010 |
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The Reserve Bank of India (RBI) has relaxed norms for setting up bank branches in northeast India and no prior approval of the apex regulatory body is required in this regard, a senior Tripura minister said Thursday. The clarification came during a meeting between RBI Governor D. Subbarao and Tripura’s Finance Minister Badal Choudhury in [...]
“Reference rate lever to control inflation”
December 29th, 2010 |
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Central bank (NBS) chief Dejan Šoškić says the main instruments for achieving the inflation target in 2011 will be the key interest rate. This will be accompanied by interventions in the foreign exchange market and the reserve requirements of banks, he told a meeting of business people in the northern town of Subotica.
Bank robbers kill 3 people in St. Petersburg
December 28th, 2010 |
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Two bank robbers today killed three people in St. Petersburg, Russia, and got away with over USD 800,000. The details of the deadly robbery have been confirmed by St. Petersburg police chief Andrei Lavrenko.
Apple, BlackBerry Smartphones Get Mobile Banking Apps
December 23rd, 2010 |
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Royal Bank of Canada customers can be the first Canadians to enjoy banking on the go. The RBC has released a mobile banking app for Apple iPhones, iPad and the iPod Touch, as well as BlackBerry devices. – The Royal Bank of Canada has become that countrys first bank to
launch a mobile banking application for select smartphones namely,
RIM BlackBerry devices and Apples iPhones, iPod Touch and iPad.
The free applications enable users to view account balances for
business and personal accounts, …
ECB “concerned” over Irish bail-out
December 20th, 2010 |
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The European Central Bank has expressed concerns that the Irish bail-out package could affect its ability to provide further support to eurozone members.
The bank said possible flaws in the Irish bail-out legislation could compromise its ability to provide collateral for future funding.
Technics Oil & Gas gets nod from Taiwan Central Bank for TDR issue
December 20th, 2010 |
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Technics Oil & Gas says the company has received approval from the Taiwan Central Bank and in-principle approval to the proposed TDR issue from the GreTai Securities Market of Taiwan. Technics says it will next seek approval from Taiwan Financial Supervisory Commission, Executive Yuan, Securities and Futures Bureau.
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Temasek unit buys 15% of Mekong Development Bank: Update
December 20th, 2010 |
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Fullerton Financial Holdings Pte, a unit of Singapore’s Temasek Holdings Pte, bought a 15% stake in Vietnam’s Mekong Development Bank.
The purchase helped lift registered capital at the lender, based in the southern province of An Giang, to 3 trillion dong ($203.6 million) from 1 trillion dong, the Vietnamese bank said in an e-mailed statement today. The two companies also agreed on a plan that would allow Fullerton to increase the stake to 20 percent next year, it said, without giving a specific timeframe.
Temasek unit Fullerton buys 15% stake in Vietnam Bank
December 20th, 2010 |
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Fullerton Financial Holdings, a unit of Singapore sovereign fund Temasek Holdings, has bought a 15% stake in Mekong Development Bank, and plans to raise its holding to 20% next year, the Vietnamese bank said in an e-mailed statement today.
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