http://marketpublishers.com/lists/news_57.html Banking & Finance news en-us 2008-12-02 13:39:35 GMT 2008-12-02 13:39:35 GMT http://marketpublishers.com/lists/3824/news.html Leaders of the world’s biggest developed and emerging nations put banks and investors on notice they will need to keep more capital and reveal more about their holdings, signaling the industry may emerge from the current crisis with less... 17.11.2008 http://marketpublishers.com/lists/3820/news.html Sterling continued to slide amid persistent concerns about the UK economy, trading close to record lows against the euro and the dollar. Measured against a basket of currencies used by major trading partners, the pound is now at a 13-year... 14.11.2008 http://marketpublishers.com/lists/3816/news.html China faces a "formidable challenge" to prevent a slump in the world's fourth-biggest economy, the government warned today as cooling factory and property investment signaled a deepening slowdown. A "severe situation at home and abroad" and... 14.11.2008 http://marketpublishers.com/lists/3811/news.html Following is the text of a statement by Bank of England Governor Mervyn King on the bank's quarterly Inflation Report on Wednesday. OPENING REMARKS BY THE GOVERNOR "Since the August Report, the economic landscape has changed. As a... 12.11.2008 http://marketpublishers.com/lists/3808/news.html Russia's central bank raised several key interest rates by 100 basis points late Tuesday, bringing the key overnight repo rate to 8% and the refinancing rate to 12% in a move aimed at reducing inflation and stemming capital flight. The rate hikes... 12.11.2008 http://marketpublishers.com/lists/3802/news.html Britain's biggest bank HSBC says it has suffered more losses as its bad debts in the United States soared towards the £3bn mark. It says pre-tax profits in the nine months to September were below last year, although third-quarter... 11.11.2008 http://marketpublishers.com/lists/3797/news.html The U.S. Federal Reserve hiked its support for insurer American International Group Inc to about $150 billion on Monday after an initial bailout attempt failed to stem massive losses. Under the new plan, the government is putting $150... 10.11.2008 http://marketpublishers.com/lists/3781/news.html Switzerland's largest bank UBS has reported a profit for the third quarter but has warned of challenges ahead. UBS made a profit of 296m Swiss francs ($256.3m; £163.3m) for the three months to 30 September, helped by write-ups and a... 04.11.2008 http://marketpublishers.com/lists/3774/news.html Commerzbank AG tapped the German government for 8.2 billion euros ($10.6 billion) and France's Societe Generale SA reported an 84 percent plunge in profit amid the worst financial crisis since the Great Depression. Commerzbank, Germany's... 03.11.2008 http://marketpublishers.com/lists/3757/news.html Deutsche Bank, Germany's largest lender, today revealed that pre-tax profits fell by 94 per cent in the third quarter to just €93 million after it was forced to make a €1.2 billion writedown. The bank also cautioned about future... 30.10.2008 http://marketpublishers.com/lists/3754/news.html Russia's central bank told commercial banks on Thursday to keep a lid on growth in their foreign currency denominated assets in a bid to stop currency speculations and a flight from rouble deposits. The central bank issued a letter asking... 30.10.2008 http://marketpublishers.com/lists/3744/news.html The prospect of fresh cuts in interest rates on both sides of the Atlantic helped propel Wall Street stocks to a dramatic rebound yesterday, with the Dow Jones industrial average surging to its second biggest points gain on record. The US... 29.10.2008 http://marketpublishers.com/lists/3737/news.html Iceland's central bank unexpectedly raised the benchmark interest rate to 18 percent, the highest in at least seven years, after the island reached a loan agreement with the International Monetary Fund. Policy makers raised the key rate by... 28.10.2008 http://marketpublishers.com/lists/3735/news.html Clients of Morgan Stanley withdrew a total of $46bn (£29.45bn) from money-market accounts last month, forcing the investment bank to buy $23bn of assets from the funds to keep them afloat. The revelation, contained in the bank's... 28.10.2008 http://marketpublishers.com/lists/3718/news.html The Frankfurt offices of German bank KfW have been searched by investigators following its transfer of 319m euros (£251m; $410m) to Lehman Brothers. Authorities are investigating whether the transfer, which took place on the same day... 22.10.2008 http://marketpublishers.com/lists/3693/news.html India's central bank unexpectedly cut short-term lending rates on Monday in response to continued pressure from the global financial crisis. The Reserve Bank of India has cut the so called repo rate by 100 basis points to 8% to stabilise... 20.10.2008 http://marketpublishers.com/lists/3685/news.html Switzerland became the latest country to unveil a banking rescue plan bail that will see it plough billions into UBS, its largest bank. The Swiss government has provided UBS with SFr6bn (£3.05bn) of fresh capital and the Swiss... 16.10.2008 http://marketpublishers.com/lists/3666/news.html Japanese banking giant Mitsubishi UFJ has completed a $9bn (£5.2bn) deal to buy a 21% stake in Morgan Stanley. The deal provides much needed financing for the battered Wall Street bank. Mitsubishi was able to secure more... 13.10.2008 http://marketpublishers.com/lists/3650/news.html Iceland has nationalised its biggest bank, Kaupthing, and suspended trade on its stock exchange in an attempt to prevent further panic in the country. Kaupthing is the third bank to be rescued by Iceland's government. The OMX Nordic... 10.10.2008 http://marketpublishers.com/lists/3631/news.html Russia's government pledged more cash for banks in a new bid to kick-start corporate lending during the country's biggest financial test since the 1998 default. Russian President Dmitry Medvedev said today that the country's biggest banks... 07.10.2008