Banking Newswire

Comprehensive Real-Time News Feed for Banking.

Results 1 - 20 of 127,928 in Banking

  1. Elizabeth Warren tells Wall Street: 'Bring it on'Read the original story w/Photo

    10 min ago | ClickOnDetroit

    The senator from Massachusetts said Monday that she will continue to call for financial reforms and for big Wall Street banks to be broken up, despite potential retaliation against Democratic candidates. Last week, Reuters reported that Citigroup, Bank of America, Goldman Sachs and J.P. Morgan Chase might withhold campaign contributions to Senate Democrats because of Warren's negative portrayal of Wall Street.

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  2. SBI to Divest Up To 10% Stake in Its Life Insurance VentureRead the original story w/Photo

    18 min ago | Outlook

    State Bank of India today said it plans to divest up to 10 per cent stake in its life insurance arm SBI Life. "The executive committee of the central board has today authorised divestment of SBI's stake in SBI Life Insurance by up to 10 per cent," SBI said in a statement.

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  3. Dollar holds above AU98c on weak iron ore, RBA betsRead the original story w/Photo

    20 min ago | NBR Newsroom

    ... they had even a week ago - in turn that's related to the iron ore price," said Imre Speizer, strategist at Westpac Banking Corp. With the kiwi dollar now less than 2 Australian cents away from parity with its trans-Tasman counterpart, a likely ...

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  4. DEALS-Asia-Pacific M&As surge in Q1 on Li Ka-shing deal-making spreeRead the original story

    26 min ago | Reuters

    The deal-making spree of Hong Kong tycoon Li Ka-shing propelled the value of Asia-Pacific firms' mergers and acquisitions to a record 32 percent of the global total in the first quarter, kicking off what bankers see as a bumper year for Asian deals. Li's restructuring of his empire in January and multi-billion dollar purchases of British transport and telecoms firms is likely to be complemented by Chinese and Japanese companies vying for mining and energy targets, cheapened by falling commodity prices, bankers say.

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  5. China Rongsheng Reports Negative Sales on Order CancellationsRead the original story

    35 min ago | The Washington Post

    China Rongsheng Heavy Industries Group Holdings Ltd., once the country's largest private shipbuilder and now quickly running out of cash, reported negative revenue last year as it prepares to sell its shipbuilding business and buyers cancel orders. Sales fell 3.8 billion yuan into the red 2014 last year, compared with a positive 1.3 billion in revenue the previous year.

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  6. Macquarie Said to Cut Asia Banking Workforce as Deals FizzleRead the original story

    35 min ago | The Washington Post

    About 80 to 90 jobs would be eliminated in the reductions, one of the people said, asking not to be identified because the decisions are confidential. Jeremy Wernert, who was named as head of Macquarie Capital for Asia less than a year ago, is leaving and will be replaced by Hajir Naghdy, who runs Middle East investment banking, one of the people said.

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  7. Higher Rates Pose No Bar to Gold Rally for BofA, StanChartRead the original story

    37 min ago | The Washington Post

    Bullion will trade at $1,320 an ounce in the final quarter as investors bet that, after an initial increase in borrowing costs, further rises will be gradual, Standard Chartered said in a report on Monday. The metal will average $1,300 in the final three months of the year as rate increases come through at a muted pace, Bank of America analyst Michael Widmer wrote in a separate note on the same day.

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  8. Japan's Topix Heads for Biggest Quarterly Advance in Two YearsRead the original story

    37 min ago | The Washington Post

    Japan's Topix index swung between gains and losses on the final day of the fiscal year, with the measure poised for the steepest quarterly rally since 2013. A weaker yen boosted exporters, while rail stocks dropped.

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  9. HSBC Bank Oman plants trees and switches-off for Earth Hour 2015Read the original story w/Photo

    41 min ago | Al Bawaba

    ... of support to various corporate sustainability initiatives. Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world. HSBC's international network comprises around 8,000 offices in 87 countries ...

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  10. Press release distribution, EDGAR filing, XBRL, regulatory filingsRead the original story

    45 min ago | Business Wire

    SHAREHOLDER ALERT: Former SEC Attorney Willie Briscoe and Powers Taylor LLP Believe the Acquisition by Hecla Mining May be Unfair to Shareholders )--Former SEC attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Revett Minin... )--Monday, March 30, 2015, the Board of Directors of Dreyfus Strategic Municipal Bond Fund, Inc. declared from net investment income a monthly cash dividend of $... )--Former SEC attorney Willie Briscoe and the securities litigation firm of Powers Taylor LLP are investigating potential claims against the Board of Directors of Hyperion The... )--The Event Marketing Institute, an association providing content and research to a membership of Fortune 1000 brands and top event agencies, par... )--Umpqua Holdings Corporation , parent company of Umpqua Bank and Umpqua ... (more)

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  11. Businesses rally to cause of Bradford youth centreRead the original story

    46 min ago | Thetelegraphand Argus

    BUSINESSES in Bradford have rallied round to help revamp one of the city's oldest purpose-built youth centres in the country. Centre manager Arnie Butterfield said the 1960s centre in Huddersfield Road had been struggling for a number of years with leaking roofs and the building deteriorating around them - despite it being a much-used and much-needed facility providing support and services for people of all ages, about 20,000 people use it every year.

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  12. Asian shares up on Wall St rally, China hopesRead the original story

    54 min ago | Mydigitalfc.com

    Tracking overnight gains in US stocks, MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.7%. Japan's Nikkei added 0.3% and Australian shares rose 1.2%.

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  13. Macquarie Cuts Asia Banking Workforce as Deals FizzleRead the original story w/Photo

    1 hr ago | Bloomberg

    ... Photographer: Ian Waldie/Bloomberg (Bloomberg) -- Macquarie Group Ltd. plans to cut about half of its investment-banking workforce in Asia as Chief Executive Officer Nicholas Moore reshapes the firm, people familiar with the matter said. About 80 to ...

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  14. Fed's Fischer Floats Ideas for Regulating Shadow BanksRead the original story w/Photo

    1 hr ago | Wall Street Journal

    STONE MOUNTAIN, Ga.-The Federal Reserve 's No. 2 official floated a series of ideas for regulating nonbank financial companies, the latest indication that top U.S. policy makers are focusing on risks in the so-called shadow banking sector.

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  15. ICICI, HDFC Bank cut bulk deposit rates by up to 0.25%Read the original story w/Photo

    1 hr ago | DNA India

    Leading private sector lenders ICICI Bank and HDFC Bank have cut rates by up to 0.25% on high value fixed deposit on select maturities, a move that could be a precursor to lower lending rates. The rates have been revised downwards for deposits over Rs 1 crore by 0.25% by ICICI Bank effective today, sources said.

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  16. Whistleblower critical of financial planner registerRead the original story

    1 hr ago | ABC News

    ELEANOR HALL: Staying in Canberra, the Federal Government has launched a register of financial planners in an effort to deal with the scandals in the industry. The register will allow consumers to check whether around 18,000 financial planners have any black marks against their names.

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  17. Shares rally on rate cut hopes, China gainsRead the original story w/Photo

    1 hr ago | Sydney Morning Herald

    The sharemarket finished the March quarter on Tuesday with a partial recovery from Monday's selloff, with banks and resources buoyed by improved global sentiment as technology stocks rallied thanks to the success of new listings. The benchmark S&P/ASX 200 Index closed up 54.6 points, or 1.07 per cent, at 5900, while the broader All Ordinaries Index ended up 53.84 points, or 1.06 per cent, at 5870.

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  18. Restrictive banking policies lead to low growthRead the original story w/Photo

    1 hr ago | South China Morning Post

    ... Tim Congdon - a master of the high theory of monetary economics and all the knotty practical details of money and banking, too - supplies a comprehensive analysis. His approach posits that changes in the money supply cause changes in nominal ...

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  19. Move to revive gas-based power will benefit banks: Moody'sRead the original story

    1 hr ago | Newkerala.com

    Terming the Indian government's decision last week to allow gas-based power units lying idle to import feed stock through e-auctions as "credit positive", rating agency Moody's on Monday said the move will benefit banks as they have significant exposure to such plants. "The government approved measures to revive and improve the utilisation of stranded gas-based power generation plants in the country.

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  20. Dollar drops as RBA rate cut chances increaseRead the original story w/Photo

    1 hr ago | The Age

    ... few domestic drivers the Australian dollar followed the trends of the broad US dollar and weakened sharply," ANZ Banking Group co-head of Australian economics Felicity Emmett said. Westpac Banking Corp is forecasting the dollar could hit as low as ...

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