Friday
October 24, 2014
Results for: bank
  • 02/10/2014 | Argentina

    CNV sanctions Mariva Bank following CFK accusations

    The CNV securities regulator has suspended Mariva Bursátil S.A., one of the two financial institutions accused of “suspicious movements” by president Cristina Fernández de Kirchner on Tuesday that were inspected by the CNV and the Office of Economic Crime and Money-Laundering (PROCELAC) yesterday.

  • 15/10/2014 | Argentina

    Explosives used in ATM robbery

    A group of at least four men used home-made explosives to rob an ATM cash dispenser in a bank in Mataderos neighbourhood in Buenos Aires City. A 25-year old suspect was arrested six blocks away from the bank.

  • 27/05/2014 | Argentina

    Bank workers launch strike to protest Alperovich's 'barbarity'

    The Bank Association has called for a strike for Thursday, in a move that is expected to affect all operations in both public and private financial entities.

  • 16/07/2014 | Argentina

    CFK: BRICS Bank 'a real alternative for sustainable development'

    President Cristina Fernández de Kirchner today praised the BRICS decision to create a development bank, saying a new “financial world order is absolutely necessary.”

  • 31/07/2014 | Argentina

    Bank of New York Mellon confirms still holding Argentina's payments

    The Bank of New York Mellon (BNY) sent a formal letter to holders of Argentina's exchange bonds essentially confirming that the sovereign had defaulted.

  • 08/08/2012 | Argentina

    Lower House approves Banco Ciudad bill

    The Lower House of Congress approved today a bill that, if passed by the Senate will have court deposits moved from Banco Ciudad to Banco Nación, in a short session following the opposition’s early withdrawal from the debate.

  • 11/09/2012 | Argentina

    Three more arrested in Santa Fe bank robbery investigation

    Three more people were arrested in the Macro bank robbery investigation, a Santa Fe police chief said today after on Sunday it was discovered that 77 safety deposit boxes had been ransacked.

  • 06/11/2013 | Argentina

    No banking operations due to sector holiday

    Public and private banks across Argentina will not be operating today as the sector marks the “Banking employee” holiday. Together with stock-market trading, activities will be resumed tomorrow.

  • 28/03/2012 | Argentina

    Gov’t enacts Central Bank’s charter reform

    The government has enacted the Central Bank‘s charter reform as it was published today at the Official Gazette as decree 462/2012 and six days after being passed by the Senate.

  • 10/04/2012 | Argentina

    CFK launches soft loans for trucks

    President Cristina Fernández de Kirchner announced the launch of a new line of soft loans to buy trucks, in a ceremony at the Government House and with the presence of Vice-President Amado Boudou, amidst the controversy sparked by the Ciccone case.

  • 21/05/2012 | Argentina

    Three robbers storm bank at Unicenter mall, carry out 'express' heist

    Three robbers stormed a Standard Bank branch office in the Unicenter shopping mall located in Northern Greater Buenos Aires district of Martinez taking money from ATM machines, the bank’s cashiers and clients in a less-than-a-minute express burglary.

  • 19/03/2012 | Argentina

    World Bank considering additional US$3 billion credit for Argentina

    President Cristina Fernández de Kircher met with the World Bank’s regional vice president for Latin America Hasan Tuluy for over an hour in the Government House and discussed with him the possibility of increasing Argentina’s credit for an additional $3 billion. 

  • 20/03/2012 | Argentina

    Central Bank's charter reform bill to be debated

    Expected to go faster than light, and with the stellar presence of Central Bank’s Governor Mercedes Marcó del Pont, the Budget and Finance, and National Economy and Investment committees approved the Central Bank’s charter reform draft bill and it will be debated on Wednesday at the Upper House floor.

  • 22/03/2012 | Argentina

    Senate passes Central Bank reform

    After a long debate that ended at press time last night, the Upper House passed the reform of the Central Bank’s Charter, which would authorize the organization to transfer money to the Treasury and expand its regulatory power in both financial and exchange activities.

  • 11/03/2012 | Argentina

    Pinedo calls bill to amend Central Bank Charter 'sinister'

    The head of the PRO caucus in the Lower House, Federico Pinedo, strongly criticized President Fernández de Kirchner’s plan to amend the Central Bank’s Charter and assured it is “one of democracy’s most sinister laws.” 

  • 13/03/2012 | Argentina

    Three robbers escape after bank heist in Vicente López

    Three men robbed a Santander Río branch located in the Florida Oeste area, in Vicente López on Tuesday.

  • 18/03/2012 | Argentina

    'It’s unfair to accuse the gov’t of squandering CB reserves,' Deputy Heller

    National Deputy and government’s ally, Carlos Heller, said that it is unfair to accuse the the administration of President Cristina Fernández de Kirchner of squandering Central Bank reserves given the exponential reserves increase witnessed in recent years.

  • 11/11/2011 | Argentina

    CB to make dollar availability more flexible

    Argentina’s Central Bank (CB) approved a new measure to make flexible the minimum dollar requirement that the banks have to deposit in the monetary body, making the answer to the client’s demands easier.

  • 12/01/2012 | Argentina

    Man shot in Belgrano after bank heist

    A man was shot in the leg in Belgrano on Wednesday after he was caught in the crossfire between thieves who had recently robbed a bank and police officials who were running after them.

  • 06/03/2012 | Argentina

    CFK supports Central Bank's charter reform bill

    President Cristina Fernámdez de Kirchner today defended the draft bill which would implement amendments to the Central Bank’s charter.

  • 05/07/2011 | Argentina

    'CB more independent than the FED, Bank of England,' Marcó del Pont says

    “This is good news for the Central Bank, but especially for Argentina,” CB governor Mercedes Marcó del Pont said during a press conference with Economy Minister Amado Boudou, in reference to the recent ruling by the New York Court of Appeals, which revoked a previous ruling against Argentina and in favour of vulture funds by US judge Thomas Griesa.

  • 04/08/2011 | Argentina

    'Argentina is prepared to face impact of US economy crisis,' Boudou

    Economy Minister Amado Boudou, recognized that the Government is “observing the financial crisis” currently affecting the United States, “with concern,” however also reaffirming that Argentina is “prepared” to face an impact of the crisis to the domestic market.

  • 23/08/2011 | Argentina

    Shots fired in central Buenos Aires

    Shots were fired in the heart of Buenos Aires downtown, when a man was attacked by two motorcyclists as he stepped out of a bank, sources said. The incident occurred along Corrientes and Reconquista streets. It was reported that the robbery victim was carrying large sums of money and cheques.

  • 12/04/2011 | Argentina

    Fixed term deposits grow 34% in March

    Private sectors’ fixed term deposits grew 34 percent in March compared to the volume reported during the same period last year and it has reached its highest point in the last seven years, according to the Central Bank.

  • 13/04/2011 | Argentina

    World Bank doesn't doubt Argentine stats

    By Liliana Franco, from Washington DC.- Traditionally, Latin America has always been one of the main interests in the yearly meetings, usually due to the economic crises that the region was facing: high indebtedness, heterodox economic policies, social inequality and labour rigidity among others. Now, however, it is interesting that the region has been labeled “an example” due to the way it dealt with the crisis.

  • 29/06/2011 | Argentina

    Upper House greenlights Argentina's bid to join regional Bank of the South

    The Upper House unanimously approved Argentina’s request to join other countries in the continent on the creation of the regional Banco del Sur (Bank of the South) and sent the bill to the Lower House floor.

  • 15/02/2011 | Argentina

    Garré confirms arrest of BAPRO robbers

    Security Minister Nilda Garré confirmed that six people have been arrested in connection to the New Year’s Eve robbery on the Belgrano branch of the Banco Provincia. During the police raids, officials seized objects which were allegedly stolen during the robbery, including the safety deposit boxes themselves.

  • 17/02/2011 | Argentina

    BAPRO robbery: Prosecutor denies releases

    Prosecutor Martín Niklison rejected the release request of six of the seven detained on the BAPRO provincial bank robbery, which occurred in Belgrano neighbourhood, and exempted from prison a driver from the financial entity, who is accused of being part of the gang.

  • 14/03/2011 | Argentina

    Six indicted in Bapro robbery case

    A criminal court indicted six men in connection to the theft of the Bapro Bank Belgrano offices, in which 136 safety deposit boxes were emptied in January by at least ten people who later escaped with their contents, investigators assured.

  • 04/01/2011 | Argentina

    'Internal investigation' planned for Banco Provincia

    BAPRO, Buenos Aires provincial bank is to begin an “internal investigation” to analyse what went wrong with the security system when criminals entered the bank and robbed the safety deposit boxes without anyone noticing, despite the alarm system went off.

  • 05/01/2011 | Argentina

    Robbers ambush armoured truck, steal $500,000

    A gang of robbers intercepted an armoured truck at the Banco Ciudad in Parque Chacabuco, stealing $500,000 while holding the drivers at gunpoint.

  • 27/01/2011 | Argentina

    Robbers hit bank in Palermo

    At least two armed men entered the Palermo offices of a Supervielle bank a few minutes after it opened its doors to the public, forced the tellers to hand them all the available cash and escaped without being caught, police sources confirmed.

  • 31/07/2013 | World

    Vatican bank opens website in transparency drive

    The Vatican bank opened its web site www.ior.va today as it steps up efforts to improve its tarnished image after a succession of scandals and repeated criticisms of its lack of transparency.

  • 28/03/2014 | World

    Former Vatican bank head's lawyers threaten to sue to clear name

    In a new blow for the troubled Vatican bank, lawyers for its former head who was abruptly fired in 2012 threatened legal action to clear his name and show that he was unfairly dismissed.

  • 10/09/2014 | World

    Emilio Botín's daughter appointed Santander's new boss

    Santander's board of directors unanimously appointed Ana Botin as chairwoman today, a day after her father died of a heart attack at 79, making her the fourth generation of Botins to run the bank.

  • 31/03/2013 | World

    Cyprus details heavy losses for major bank customers

    Major depositors in Cyprus's biggest bank will lose around 60 percent of savings over 100,000 euros, its central bank confirmed, sharpening the terms of a bailout that has shaken European banks but saved the island from bankruptcy.

  • 01/07/2013 | World

    Top Vatican bank managers resign after Monsignor's arrest

    The director and deputy director of the Vatican bank resigned today, following the arrest of a senior cleric with close connections to the bank who is accused of plotting to smuggle 20 million euros ($26 million) into Italy from Switzerland.

  • 21/07/2013 | World

    Iran denies missing World Bank payments, blames sanctions

    Iran denied it had failed to make payments on its loans to the World Bank for the last six months, blaming Western sanctions for preventing an intermediary from forwarding funds to the global lender, Iran's IRNA state news agency said.

  • 27/03/2013 | World

    Media reports: Cyprus to limit cash, credit-card use abroad

    Cyprus is to impose a ban on cashing cheques and limit the amount of cash that can be taken out of the country under a series of measures to avert a run on the country's crippled banks, a Greek newspaper reported today.

  • 28/03/2013 | World

    Cyprus reopens banks under tight restrictions

    Cypriots queued calmly at banks as they reopened under tight controls imposed on transactions to prevent a run on deposits after the government was forced to accept a stringent EU rescue package to avert bankruptcy.

  • 15/02/2013 | World

    German appointed to head scandal-hit Vatican bank

    The Vatican appointed a German lawyer to head its bank, but the bid to turn the fortunes of the scandal-hit institution was clouded by his business links to a military shipbuilder.

  • 19/02/2013 | World

    Wall Street gains on M&A optimism

    US stocks advanced today after the long holiday weekend and a seven-week winning streak for the S&P 500 as merger activity buoyed investor optimism, but health insurer shares muted gains.

  • 27/03/2013 | World

    BRICS to create new development bank

    The BRICS grouping of emerging powers has agreed on the creation of a development bank that will rival Western-backed institutions. The announcement came as the leaders of Brazil, Russia, India, China and South Africa gathered for a summit in Durban.

  • 12/02/2013 | World

    Wall Street ends slightly higher, Dow near a record

    US stocks were little changed, hovering near multi-year highs as traders awaited President Barack Obama's State of the Union address.

  • 13/02/2013 | World

    Wall Street pauses after rally to five-year high

    Stocks drifted in light volume ending little changed, as investors remained cautious after the S&P 500 index briefly hit its highest intraday level since November 2007.

  • 15/02/2013 | World

    Wall Street ends slightly down, S&P positive for 7th week

    The S&P 500 dipped in a late declin as Wal-Mart dropped following a report of a weak start to February sales, though the index just barely extended its streak of weekly gains to seven.

  • 01/02/2013 | World

    Global stocks climb on factory, US jobs data

    Major world stock markets climbed to their highest in nearly two years today, helped by manufacturing and employment data indicating the global economic recovery is on track.

  • 08/02/2013 | World

    Strong data lifts shares

    Strong economic data lifted global equity markets and drove the S&P 500 to a five-year high today.

  • 11/02/2013 | World

    Wall Street little changed as investors seek catalysts

    Wall Street and world equity markets were little changed in light volume as a lack of major economic news gave investors little reason to push stocks higher, for now.

  • 24/01/2013 | World

    Global stocks edge higher, data offsets Apple's plunge

    World equity and commodity markets rose today on encouraging economic data, but a steep sell-off in Apple shares that wiped out about $50 billion of its market value threatened to snuff a six-day streak of gains in US stocks.

  • 29/01/2013 | World

    Global shares edge up

    US stocks advanced today, led by defensive sectors, in a sign the cash piles recently moving into the market are being put to use by cautious investors to pick up more gains. Meanwhile, European equities scaled fresh two-year highs.

  • 30/01/2013 | World

    Global shares edge lower

    US stocks fell today after the Federal Reserve said in its latest statement that economic growth had stalled but indicated the pullback was likely temporary. Meanwhile, European shares suffered their biggest daily drop this month.

  • 18/01/2013 | World

    Canada put 'wrong' maple leaf on new C$20 bill

    The Bank of Canada has barked up the wrong maple tree with its new plastic banknotes, using a foreign Norway maple leaf as the emblem on the notes instead of the sugar maple that the country has on its national flag, an eagle-eyed Canadian botanist says.

  • 22/01/2013 | World

    S&P 500 ends at 5-yr high, as European shares weaken

    Bank and commodity shares led the Standard & Poor's 500 to a fresh five-year closing high today on hopes that the global economy continues to mend. Meanwhile, European shares dipped today, after a choppy session.

  • 23/01/2013 | World

    Global stocks edge up on company earnings

    US and European stocks moved higher today, helped by strong earnings reports and signs American lawmakers were close to raising the federal debt limit.


  • 15/01/2013 | World

    Global shares slip, bonds gain on US debt ceiling fears

    World equity markets slipped and safe-haven US Treasury debt rose today as a looming battle in Washington over the government's borrowing limit and a recovery in the yen weakened demand for riskier assets.

  • 16/01/2013 | World

    Global shares flat as financials offset growth concerns

    World stock markets were flat today as strong financial results lifted banking shares, though weak data from Europe raised concerns about the global growth rate.

  • 18/01/2013 | World

    Wall Street closes at multi-year highs, as European shares slip

    The Dow and S&P 500 closed at five-year highs today as the market registered a third straight week gains on a solid start to the earnings season. Meanwhile, European shares slipped.

  • 14/12/2012 | World

    Global stocks dip on 'cliff' overhang

    US stocks fell today as another slide in Apple took a toll and investors unloaded some shares because of the uncertainty surrounding the "fiscal cliff" negotiations. Meanwhile, European shares slipped.

  • 27/12/2012 | World

    Global shares drop on US budget worries

    US stocks fell for a fourth day today, but recovered most of their losses after the House of Representatives, in the barest sign of progress, said it would come back to work on avoiding the "fiscal cliff" this weekend. Meanwhile, European shares ended flat.

  • 03/01/2013 | World

    Wall Street falls after Fed minutes, European shares end mixed

    US stocks edged lower today as investors locked in gains after a rally yesterday, which was spurred by a deal by US lawmakers to avert a "fiscal cliff" of austerity measures that had been due to kick in this year.

  • 07/12/2012 | World

    Global stocks up modestly after strong jobs data

    Global shares rose modestly today after a surprisingly strong US jobs report for November was tempered by a drop in US consumer sentiment amid a lack of progress in talks to avert the "fiscal cliff."

  • 11/12/2012 | World

    German data, US fiscal hope buoy global shares

    Global shares rose to an almost two-month high today after German investor sentiment improved sharply in December and as the pace of talks in Washington to avoid the "fiscal cliff" quickened.

  • 12/12/2012 | World

    Wall Street ends flat, as European shares end up

    US stocks ended little changed today, giving up most of the day's gains after Federal Reserve Chairman Ben Bernanke reiterated that monetary policy will not be enough to offset damage from the "fiscal cliff." Meanwhile, European shares edged up.

  • 04/12/2012 | World

    Wall Street falls on fiscal cliff paralysis, European shares end flat

    US stocks finished slightly lower in a quiet session today as the back-and-forth wrangling over the "fiscal cliff" gave investors little reason to act. Meanwhile, European equity indexes closed off multi-month highs.

  • 05/12/2012 | World

    Global shares end high on China comments

    US stocks mostly rose today, boosted by a rally in bank shares, though a steep drop in Apple limited the advance and kept the Nasdaq in negative territory. Meanwhile, European shares rose.

  • 06/12/2012 | World

    Global stocks end high the day before jobs data

    US stocks closed modestly higher today, a day ahead of the key monthly jobs report, as a rebound in shares of Apple helped boost technology shares. Meanwhile, European shares posted an 18-month closing high.

  • 28/11/2012 | World

    Global Stocks recover on Boehner 'fiscal cliff' comment

    US and European stocks recovered from early losses to post gains today as investors shifted into buying mode after perceived positive news on US budget talks.

  • 29/11/2012 | World

    Global stocks advance on Boehner comments

    US stocks pared some gains today after top Republican lawmaker John Boehner said there had been no substantive progress in the last two weeks in talks to reach a budget deal. Meanwhile, leading European share index hit its highest closing level since July 2011

  • 30/11/2012 | World

    Global stocks edge lower as 'fiscal cliff' debate drags

    US stocks dipped today as President Barack Obama and top Republicans remained at odds about how to avert a series of tax hikes and spending cuts next year that could push the economy into recession. Meanwhile, European stocks ended slightly down while posting solid monthly gains.

  • 16/11/2012 | World

    US stocks edge up on fiscal talks, as European shares sink

    US stock markets edged higher after politicians made tentative progress in talks on avoiding tax hikes and spending cuts that would hurt the economy while escalating tensions in the Middle East boosted oil prices. Meanwhile, European shares sank to a 3-1/2-month closing low.

  • 21/11/2012 | World

    Global shares advance on hopes for Greece progress

    World shares advanced as policymakers in Europe reassured markets that a deal on releasing emergency aid to Greece was close, though the failure of lenders to come to an agreement on their own kept investors cautious.

  • 23/11/2012 | World

    Wall Street ends higher, as Europe posts best week

    US stocks rose for a fifth day during a holiday-shortened, thinly traded session today as investors picked up recently beaten-down shares of large technology companies. Meanwhile, European shares posted their best weekly gain so far this year.

  • 13/11/2012 | World

    Global shares rebound on Spain bailout speculation

    Stocks rose today after US markets turned higher, fuelled by strong results from home improvement retailer Home Depot. Meanwhile, European shares erased losses after a fresh round of trader speculation that Spain may be close to asking for a sovereign bailout.

  • 14/11/2012 | World

    Fiscal uncertainty, Middle East weigh on Wall St

    US stocks fell 1 percent today as investors worried over US budget negotiations and a flare-up of violence in the Middle East.

     

  • 15/11/2012 | World

    Global shares sink on 'fiscal cliff,' Europe recession

    Global stocks fell for a seventh day today after data showed the euro zone entered a recession in the third quarter and on fear of the US "fiscal cliff," and oil prices declined despite a flare-up of violence in the Gaza Strip.

  • 01/11/2012 | World

    Wall Street rallies after labor market data

    Global stocks gained on an improving US jobs picture and data that showed China's economy regaining some traction.

  • 02/11/2012 | World

    Wall Street ends week with a selloff, European shares up

    US stocks ended an unusual storm-shortened trading week with a selloff today, as major indexes erased early gains sparked by a stronger-than-expected payrolls report. Meanwhile, European shares rose after a forecast-beating US jobs report.

  • 09/11/2012 | World

    Global shares trim losses after US data

    US stocks advanced today but failed to make up for what turned out to be the worst week for markets since June, as investors turned their attention from the presidential election to the coming negotiations over the "fiscal cliff." Meanwhile, European shares recovered in late trade.

  • 25/10/2012 | World

    Global shares end slightly up

    US stocks eked out small gains in another uninspiring session on Wall Street, with worries about weak business spending keeping investors wary. Meanwhile, European shares edged up.

  • 30/10/2012 | World

    World shares firm as US storm damage seen limited

    World shares rose modestly as the initial impact of a massive storm in the United States looked to have been less severe than feared.

  • 31/10/2012 | World

    European shares hit by BG production warning

    European stocks dipped today, led by heavyweight British oil and gas firm BG Group after it warned it would show no production growth next year.

  • 17/10/2012 | World

    World shares rise on US housing data, earnings

    Global stocks rose for a third day, helped by brighter prospects for resolving Spain's debt woes, while better-than-expected housing data and gains among financials lifted most US equities.

  • 18/10/2012 | World

    Global shares end mixed on Google, euro zone

    Global shares were little changed following the best three-day run in a month, as weak earnings out of Europe offset better-than-expected Chinese economic figures.

  • 19/10/2012 | World

    World stocks fall on US results, economy fears

    World stocks and crude oil fell as investors took a dim view of US corporate earnings after General Electric and McDonald's disappointed, while Europe's debt crisis and ongoing concerns about global growth also weighed on sentiment.

  • 11/10/2012 | World

    Wall Street ends flat, as European shares rally

    US stocks ended flat after gains brought by a sign of improvement in the labour market were erased in part by a drop in Apple shares after a legal setback in a court ruling. Meanwhile,  European stocks rallied.

  • 12/10/2012 | World

    Stocks retreat on earnings concerns

    US stocks wrapped up their worst week in four months, led lower by financial shares as results from Wells Fargo and JPMorgan ignited concerns about shrinking profit margins for big lenders. Meanwhile, European blue chip shares ended the week in negative territory.

  • 16/10/2012 | World

    Global shares rally on data, US earnings

    US stocks rallied, giving the S&P 500 its best two-day advance in a month as strong earnings from Johnson & Johnson and other bellwether companies raised hopes for the rest of the US reporting season. Meanwhile, gains in financial shares led European stock markets higher.

  • 05/10/2012 | World

    Wall Street mixed, as European equities end higher

    The S&P 500 broke a four-day string of gains, ending slightly lower as an unexpected drop in the US unemployment rate was overshadowed by concerns about the coming earnings season, which begins with Alcoa next week. Meanwhile, European equities powered higher.

  • 08/10/2012 | World

    Global shares falter on weak outlook for global economy

    US stocks slipped in light trading, pulling back from recent five-year highs ahead of an earnings season expected to be weak. Meanwhile, European shares fell after a downbeat report on the outlook for Asian growth.

  • 10/10/2012 | World

    Global shares retreat on world growth fears

    Global shares fell for a third day today as corporate warnings of slower growth underscored concerns about a sluggish world economy, while oil prices rebounded over worries about the security of Middle East crude supplies.

  • 28/09/2012 | World

    Spain bank audit paves way for state bailout

    Spanish banks will need a total of 59.3 billion euros ($76.3 billion) in extra capital to ride out a serious economic downturn, an independent report said, removing a major obstacle in the way of an international bailout for Madrid

  • 03/10/2012 | World

    Wall Street stays afloat, as European shares edge down on Spain

    Wall Street ended modestly higher on stronger-than-expected US labour and service-sector data, but the Dow industrials were hobbled by slide in Hewlett-Packard. Meanwhile, European shares edged lower on concerns about Spain.

  • 04/10/2012 | World

    US stocks rally on ECB, US jobs; European shares drop

    US stocks rose with the S&P up for a fourth session, after data suggested improvement in the labor market ahead of Friday's closely watched monthly payrolls report. Meanwhile, European shares closed fractionally lower.

  • 09/05/2012 | World

    Spain takes over Bankia to combat crisis

    Spain took over Bankia, the country's fourth biggest lender trying to dispel concerns over the government's ability to clean up the financial sector four years after the banks were hit by a property market crash.

  • 08/06/2012 | World

    Spain poised to request EU bank aid

    Spain is expected to ask the euro zone for help with recapitalising its stricken banks at the weekend, EU and German sources said, becoming the fourth country to seek assistance since Europe's debt crisis began.

  • 21/06/2012 | World

    Spain to seek bank aid as borrowing costs soar

    Spain's medium-term borrowing costs spiralled to a euro-era record on Thursday and independent auditors said Spanish banks may need up to 62 billion euros in extra capital, to be filled mostly by a euro zone bailout.

  • 19/01/2012 | World

    Bank of America profit boosted by one-time gains

    Signs of improvement in the economy and gains from asset sales helped Bank of America Corp post a quarterly profit, sending its shares higher, but the second-largest US bank still needs more capital and with little left to sell, it is becoming creative.

  • 16/04/2012 | World

    Obama praises Kim, calls World Bank process transparent

    US President Barack Obama on Monday welcomed the selection of Jim Yong Kim as president of the World Bank, saying the selection process had been "open and transparent" and praising the man he proposed for the post for being an inclusive leader.

  • 03/05/2012 | World

    European CB hold rates, looks down at buying Spanish bonds

    The European Central Bank held interest rates at 1.0 percent and will resist calls to do more to fight the euro zone crisis, putting the onus on governments to foster growth and head off anger over austerity policies.

  • 09/06/2011 | World

    Clinton denies World Bank rumours, sources reaffirm report

    The US Department of State denied that Hillary Clinton has been in discussions with the White House about leaving her job next year to become head of the World Bank. However, sources reaffirmed that "Clinton wants the job."

  • 19/07/2011 | World

    BofA posts second-quarter loss on mortgage settlement

    Bank of America Corp posted a second-quarter net loss after an $8.5 billion settlement with mortgage bond investors. The largest US bank by assets reported a net loss of $8.8 billion, or 90 cents per share, compared with net income of $3.1 billion, or 27 cents per share, a year earlier. 

  • 15/12/2011 | World

    S&P downgrades credit of 10 Spaniard banks

    Standard and Poor’s (S&P) rating agency has downgraded the credit rating of ten Spaniard banks, Bankia, CaixaBank, Banco Popular, Banco Sabadell and Bankinter among them.

  • 08/03/2011 | World

    Bangladesh court upholds removing Yunus as bank head

    Yesterday a Bangladesh court upheld an order removing Nobel Peace Prize winner Muhammad Yunus as head of the microlending bank he founded, a move his allies say was prompted by a government vendetta over his political ambitions.

  • 09/03/2011 | World

    Tchenguiz brothers arrested with ties to Kaupthing bank raid

    Tycoons Vincent and Robert Tchenguiz were among nine people arrested in police raids connected with a probe into the collapse of Iceland's Kaupthing bank, a source close to the operation said.

  • 18/05/2011 | World

    Iran rejects US sanctions as 'psychological warfare'

    Iran accused Washington of engaging in "psychological warfare" after the US Treasury added an Iranian state bank to its list of blacklisted companies, semi-official news agency ISNA reported.

  • 10/02/2011 | World

    US Treasury: Hezbollah-linked bank involved in money-laundering

    The US Treasury Department accused a Beirut-based bank of involvement in an international money-laundering and drug-trafficking operation with ties to the Lebanese group Hezbollah.

  • 02/03/2011 | World

    Bangladesh removes Nobel winner Muhammad Yunus as Grameen Bank MD

    Nobel laureate Muhammad Yunus has been removed from his position as head of microlender Grameen Bank, Bangladesh's central bank said today, following allegations of irregularities in its operations.

  • 03/03/2011 | World

    Yunus begins legal fight over removal from Grameen Bank

    Bangladeshi Nobel laureate Muhammad Yunus launched a legal battle today against his removal from the top post of the microlending bank he founded, a dismissal seen as part of a vendetta with the prime minister.

  • 17/03/2012 | Latin America

    IADB plans natural disaster fund for Latin America

    The Inter-American Development Bank has proposed allowing member countries to tap loans in case they need to respond to natural disasters, the multilateral lender's president said today.

  • 22/10/2012 | Latin America

    Brazil police arrest ex-chief of bankrupt Cruzeiro do Sul bank

    Police in Sao Paulo said they had arrested the former head of bankrupt Brazilian lender Banco Cruzeiro do Sul on charges of money laundering and crimes against the country's financial system and capital markets.


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