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Vietcombank refused charter lift
21 hours ago ago from Vietnam Business News
The State Bank of Viet Nam once again yesterday, February 8, denied Vietcombank's application to increase its charter capital, despite a profit in 2009 that exceeded targets. Under a proposal approved by Vietcombank shareholders last November, the bank had sought approval to increase its charter capital from the current VND12.1 trillion ($672.2 million) to VND13.2 trillion ($734.6 million). The State Bank has given ...
Related contentHead of BIS Calls for Bigger Liquidity Buffers
21 hours ago ago from Gulag Blog
Regulators have been making a concerted push for banks to hold more equity as a protection against loss and overly-optimistic valuation of trading assets. But the head of the Bank of International Settlements, Jamie Caruna, argued at a secret (not) central bankers' conference in Sydney that banks also need to carry more in the way of liquid assets (note that this recommendation apparently came in the form of a paper, but we can find no such ...
Related contentSwedbank Estonia posts -€70 million loss
5 hours ago ago from balticreports.com
TALLINN — Swedbank's Estonian subsidiary announced Tuesday that lost 1.1 billion krooni (€70.3 million) in 2009, driven by massive loan losses of 3.8 billion krooni (€245 million) last year. However the loan losses in the fourth quarter were smaller than in the previous quarter. The bank's loss at the end of the fourth quarter was 129 [...]
Related contentBanks facing commercial property meltdown
15 minutes ago ago from i am a crazy man
The value of shopping centres had soared as money poured into commercial property. Four years and one slump later, 29 units discount Mbt shoes are empty in Shrewsbury's centre which was sold last month at a price believed to be half of the 2006 figure. All over the UK, negative equity is now widespread in the whole of the commercial property sector one informed estimate says it could be as much as £50bn. In the case of shopping ...
Related contentTuesday Morning Coffee and Links
17 hours ago ago from The Confluence
'Good Morning Latte' Original oil painting by Melanie Banayat Good Morning Conflucians!! There's another snow storm moving towards are east coast! Hope our east coast Conflucians keep their electricity and get their warm on! It's a great sunny day here in New Orleans. Just perfect for a Mardi Gras and Super Bowl Celebration and lots of parades. But, first, let's look at some of the headlines that grabbed my attention. Is the ...
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Bill Scher: Tell The Senate: Stand With Students. Not Sarah Palin's Big Bank Buddies.
6 hours ago ago from Huffington Post
Click here to the tell the Senate: end the $80 billion subsidy to the big banks and pass student loan reform. Right now, we taxpayers give big banks billions to subsidize their student loans. Giving big banks money is decidedly unpopular after the TARP bailout, among liberals and conservatives. So you'd think there would be consensus to end the subsidies. Apparently not. After the House passed President Obama's proposal to end the ...
Related contentDuncan Criticizes Sallie Mae, Banks - Washington Wire - WSJ
3 hours ago ago from Wall Street Journal
By Neil King Jr. The Obama administration is widening its criticism of the banking industry, this time taking aim at lenders who oppose its campaign to overhaul the student loan business. The overhaul effort, proposed by the White House last spring but now held up in the Senate, would eliminate all loan subsidies to private lenders and have the federal government issue all low-interest loans directly to students. The nonpartisan ...
Related contentUBS makes Q4 profit, but withdrawals continue
12 hours ago ago from U.S. News
UBS makes Q4 profit, but withdrawals continue GENEVA (AP) -- Swiss bank UBS AG posted a fourth-quarter profit of 1.205 billion Swiss francs ($1.12 billion) Tuesday, beating analysts' expectations partly thanks to a tax credit, but said earnings suffered from rich clients withdrawing more money. The result is a significant swing from last year, when the bank reported a net loss of 9.58 billion francs in the fourth quarter. It also comes ...
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