Banks Face Tighter Capital Rules Under EU Overhaul (Update1)
Banks Face Tighter Capital Rules Under EU Overhaul (Update1)
Feb. 26 (Bloomberg) — Banks may have to put aside more money to guard against risks arising from credit derivatives and also face limits to the amount of debt they can hold relative to assets under proposals to overhaul capital requirements in the European Union.
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Banks must be forced to serve poorer communities | Faisel Rahman
Banks must be forced to serve poorer communities | Faisel Rahman
Thamesmead, a sprawling area of mainly social housing in south-east London, has approximately 40,000 households – but not one bank branch. There is evidence of high-cost lenders in the area and, a…
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Categories: mortgage merge Tags: 'forced, Banks$., communities, Faisel, Must, poorer, Rahman, serve
U.S. ‘Problem’ Banks Soar, Lending Drops, FDIC Says (Update2)
U.S. ‘Problem’ Banks Soar, Lending Drops, FDIC Says (Update2)
U.S. “problem” banks climbed to the highest level in 17 years, signaling failures may accelerate in 2010, the Federal Deposit Insurance Corp. said. Bank lending had the biggest retreat in more than six decades.
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Categories: mortgage merge Tags: Banks$., Drops, FDIC, Lending, Says, soar, U.S., Update2, ‘Problem’
CNN – Sick Banks May Mean Feeble Recovery
CNN – Sick Banks May Mean Feeble Recovery
The Rot In The U.S. Banking System Threatens To Warp An Already Weak Economic Recovery.
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Bernanke Can Tell Congress He Stiffed the Banks: Caroline Baum
Bernanke Can Tell Congress He Stiffed the Banks: Caroline Baum
When Ben Bernanke makes his pilgrimage to Capitol Hill Wednesday to present the Federal Reserve’s semi-annual monetary policy report to Congress, he will have one new strike against him: the increase in the discount rate. If he plays his cards right, he can turn a liability into an asset — especially if he follows a few basic pointers, which I’ll get to in a minute.
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Canadian banks seen reporting lacklustre Q1 profit
Canadian banks seen reporting lacklustre Q1 profit
Having weathered the financial crisis, Canada’s big banks are expected to report unimpressive profits in their financial first quarter, suffering from the effects of the recession and loan losses. (Reuters)
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Categories: mortgage merge Tags: Banks$., Canadian, lacklustre, Profit, reporting, seen
4 banks fail, 20 total in 2010
4 banks fail, 20 total in 2010
Regulators shuttered four banks Friday night, bringing the tally of institutions that have gone under so far this year to 20.
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Categories: mortgage merge Tags: 2010, Banks$., fail, total
Pleas for help soar as banks aggravate debt woes
Pleas for help soar as banks aggravate debt woes
COMPLAINTS about banks and other financial institutions which are refusing to help customers in financial difficulties have more than quadrupled over the past year. The number
Read more on The Scotsman: Business
Four more US banks closed down
Four more US banks closed down
Four banks from California to Florida have been shut, taking the number of US bank failures this year to 20.
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20 banks shut down in US by regulators this year
20 banks shut down in US by regulators this year
WASHINGTON (AP): Regulators shut four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures last year in the worst financial …
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Categories: mortgage merge Tags: Banks$., Down, regulators, Shut, This, Year