Philip Chua Business Blog

Posts Tagged ‘banks’

THE banking industry is highly competitive, and banks offer a wide variety of products to attract consumers. What's more, they constantly fine-tune and update each product, so that the products will stay relevant to the market. But, with so many innovative choices, consumers – especially the less financially savvy ones – often get confused. More often than not, their solution... more

Risk appetite modestly improved by the close of trading in NY on Friday. The S&P500 index ground slightly higher, but on low volume, to be up 0.7% on the day, the banks' sub-index up 2.1%. Commodities were generally fi rmer, the CRB index up 0.4%. A reported increase in demand

The week in currency trading began on a subdued note as European leaders continued to send out conflicting signals over aid to Greece ahead of Thursday’s EU Summit. Tensions within the EMU were highlighted by comments from the Greek Deputy PM, who accused Germany of letting its banks to speculate…

Among the banks that rule Wall Street, Citigroup got a bailout that was bigger than the rest. Now the company is about to pay a king’s ransom for its federal rescue.







Citigroup – Wall Street – United States – Bailout – Business

Sovereign debt levels, in absolute and relative terms, will continue to be a problem for all too many as governments step into the black hole of banks’ deleveraging – nationalisation by the back door. The FX market is overstretched in many areas and likely to correct some of February’s moves….

INVESTORS showed they were determined to end on a high note in what has been a wild year by sending the market to a 16-month high yesterday.
Banks and property counters were the stars on the last full day of business as traders dressed up their prices for one last final time.
It all helped to send the Straits Times Index (STI) up 10 points to 2,879.76, bringing the total gains for the year to 63.5… more