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Central bank denies rumour of bank bailout

2 hours ago ago from Bao Viet Nam

Central bank denies rumour of bank bailout QĐND Tuesday, December 15, 2009, 20:41 (GMT+7) The central bank has no plans to bail out the nation’s banking system, State Bank of Vietnam Governor Nguyen Van Giau said on December 14, countering rumours that had begun spreading on the stock market that banks were facing liquidity crisis. The rumour began to circulate when commercial banks recently increased deposit ...

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Central Banks of the World: Unite! - 1344th Edition

16 hours ago ago from Autopilot Forex Reviews

Karl Marx would be pleased well, maybe not. In any event, the world's Central Banks are tired of the weak Dollar, and are separately taking matters into their own hands. [Before I continue, I should probably acknowledge the inherent dangers of lumping every Central Bank together under one umbrella. Still, given the current market environment, and the fact that all Central Banks are acting uni-directionally, it seems like a fair ...

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Playing Chicken with the BOC - 1349th Edition

16 hours ago ago from Autopilot Forex Reviews

The Canadian Dollar has been one of the world's top performers this year, especially relative to the Dollar. The Bank of Canada is less than thrilled about this distinction, which is why it takes advantage of nearly every opportunity to remind the markets that it will do everything in its power to prevent the Loonie from rising further. The markets are beginning to wonder, however, whether the BOC is actually prepared to put its money where ...

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Obama presses banks to lend more, fuel economy NIMBRUNG.NET

16 hours ago ago from Daily Hot Breaking News at Your Finger

Hot Breaking News about Obama presses banks to lend more fuel economy If you like this hot breaking news, why not put what you have think about this hot breaking news by registering yourself and leave a comment for this hot breaking news. Thanks for visiting Washington Post Obama presses banks lend more, fuel economy Chicago Sun-Times WASHINGTON President Obama nation s banks obligation accelerate economic recovery government bailed ...

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"FAT CAT BANKERS" TIMELINE

23 hours ago ago from CONTRARIAN ADVISOR MARKET COMMENTARY

BANKING CRISIS caused by FED rate policy, no GOV regulation, greed, stupidity, BANKS insolvent. FED STEPS IN WITH BAILOUT Banks don't need to lend, making money from trading desks and excess reserves GAO drops requirement for MARK TO MARKET ACCOUNTING (banks "appear better off") Tighter credit standards, less willing borrowers....real change has occurred. Fed keeps rates at 0% to backstop markets indefinitely Savers get near 0% ...

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Japan's Banks Rise on Capital Hopes

2 hours ago ago from Wall Street Journal

SINGAPORE -- Asian shares were mixed Wednesday, with banks in Japan higher on hopes tough new capital adequacy rules may be delayed. Investors were also bouyed by better-than-expected U.S. economic data and rising expectations the Federal Reserve may paint a brighter outlook for the U.S. economy. IG Markets strategist Cameron Peacock said that equities were becoming resilient to U.S. dollar strength. "The markets are starting to have a ...

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Citigroup, Wells Fargo repay gov't bailout funds

23 hours ago ago from U.S. News

Citigroup, Wells Fargo repay gov't bailout funds NEW YORK (AP) -- The last two major national banks are returning $45 billion in aid to taxpayers, marking the latest step toward recovery for the U.S. financial system. Citigroup Inc., whose future looked uncertain at the beginning of this year, will repay $20 billion, while Wells Fargo & Co. will pay back the $25 billion it received. Both banks announced significant capital raises in order ...

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Asian Stocks Mixed, but Nikkei Rises After Report on Delayed Capital Rules

1 hour, 29 minutes ago ago from The New York Times

HONG KONG Japanese bank shares surged on Wednesday after a report of a possible delay in new global bank capital rules, while the Australian dollar fell on decreased chances of an interest rate increase in Australia in February. Dealers scrambled to slash bets that the Reserve Bank of Australia would raise rates a fourth consecutive time after a top central banker said rates were already back in a normal range. The news came as the ...

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