Posts Tagged ‘Bank’
Bernanke takes aim at Wall Street over Greece
Fed chairman Ben Bernanke told lawmakers the central bank is looking Wall Street’s use of a sophisticated investment instrument to make bets that Greece will default on its debt.
Ben Bernanke – Wall Street – Central bank – Greek language – Business
FX Briefing: Euro Falls to 12-Month Low against Yen
The dollar remains on a firm footing. In spite of attempts by US central bank chairman Ben Bernanke and his colleagues to dampen rate hike expectations triggered by last week’s increase in the discount rate by repeatedly stating that interest rates would remain “at exceptionally low levels for an extended…
DBS is Singapore’s top bank brand: Survey
DBS GROUP Holdings is Singapore’s top bank brand, according to a survey of the world’s 500 leading banking names.
The Brand Finance Banking 500 report, which measures strength, risk profile and growth potential to calculate brand value, claimed DBS eclipses rivals United Overseas Bank (UOB) and OCBC Bank.
It put DBS’ brand value at US$1.52 billion (S$2.1 billion) last year – a 12 per cent hike fro… more
Buy on weakness, sell on strength this year
INVESTORS should use the recent correction to buy into markets, say strategists of two private banks. But banish the thought of a buy and hold approach, as volatility may well erase gains made during the year.
Says Credit Suisse Private Bank’s chief investment officer Stefan Keitel: ‘Buy on weakness, sell on strength. There will be two to three corrections in 2010 but also opportunities.
‘We think… more
The Education of the ECB
The euro is just over a decade old. In its short existence it has been embraced by every level of the international currency markets. Central banks, national treasuries, sovereign funds and multi-national corporations store their wealth and trust its central bank custodians to maintain value. Institutional and retails traders have…
STI tumbles 2.5% as twin fears hold sway
THE bottom fell out of the local stock market yesterday as a combination of fears took grip – worries over China’s bank lending restrictions which apparently could choke off a recovery, and an unstable Wall Street which has been rocked by fears of radical banking reforms.
Besides the twin fears, there was added pressure from a slight firming of the US dollar, raising ‘carry trade’ concerns where… more
Conveyancing accounts proposed to hold clients’ funds
(SINGAPORE) The Ministry of Law is proposing that law firms set up a new type of bank account – a conveyancing account – for lawyers to hold funds entrusted to them by homebuyers and sellers.
The pilot trial of the new scheme could take place as soon as April this year, with the entire scheme taking off as early as next year, BT understands.
These conveyancing accounts will have a host of secu… more
UK MPC Minutes to Shed Light on Divergent Views?
The key focus in the UK this week is likely to stem from the minutes of the MPC’s January meeting. It is expected that the headline votes for an unchanged Bank Rate of 0.5% and for an unchanged Asset Purchase Facility (of £200bn) were unanimous. However, the detail may shed…
AIG bailout probe widens to include Paulson
A House committee is broadening its probe of secretive bank bailouts to include former Treasury Secretary Henry Paulson and former Federal Reserve Bank of New York Chairman Stephen Friedman.
Federal Reserve Bank of New York – United States Secretary of the Treasury – Henry Paulson – Federal Reserve System – Government
Citing ‘obscene’ bonuses, Obama to tax banks
President Barack Obama on Thursday described bank bonuses as “obscene” and called for a new tax on Wall Street’s largest firms.
Barack Obama – Emergency Economic Stabilization Act of 2008 – President of the United States – United States – Business




