FOREXLEARNING

Exclusive: China c.bank withdraws 20 bln yuan from state lenders »

BEIJING | Fri Sep 9, 2011 4:49am EDT

BEIJING (Reuters) – China’s central bank has withdrawn at least 20 billion yuan ($3 billion) from some state-owned lenders via designated central bank bills, banking sources told Reuters on Friday.

State banks, including Industrial and Commercial Bank of China (1398.HK), [...]

What the Bank of America shake-up means for you »

By Lou Carlozo
NEW YORK | Fri Sep 9, 2011 9:49pm EDT

NEW YORK (Reuters) – The recent executive shakeup at Bank of America followed by reports of massive layoffs at the bank may leave you wondering what the turmoil means for you – either as a client [...]

China central bank: No timetable for full yuan convertibility »

LONDON | Thu Sep 8, 2011 7:21am EDT

LONDON (Reuters) – China has no timetable for the full convertibility of its currency though it plans to make the yuan convertible on the capital account eventually, the country’s central bank chief said on Thursday.

“China has published a plan [...]

BofA consumer bank, brokerage chiefs to step down »

By Joe Rauch
CHARLOTTE, North Carolina | Tue Sep 6, 2011 8:43pm EDT

CHARLOTTE, North Carolina (Reuters) – Bank of America Corp (BAC.N), which has lost almost half of its market value this year, announced a broad reorganization on Tuesday that includes the departure of two senior executives.

The [...]

Bank probes expanding with new investigation »

NEW YORK/WASHINGTON (Reuters) – U.S. authorities are expanding their probes of past mortgage securities deals, with New York’s attorney general opening an investigation into whether eight banks misled rating agencies, a source familiar with the matter said.

Deals

New York Attorney General Andrew Cuomo’s office on Wednesday served subpoenas on four U.S. banks and four European lenders, [...]

Irish banks look beyond “bad bank,” recession »

DUBLIN (Reuters) – Bank of Ireland will raise from private sources much of the 2.7 billion euros ($3.6 billion) it needs, potentially becoming the only member of Ireland’s “bad bank” scheme to escape a fresh bailout.

Asian Markets

The bank’s statement on Wednesday that it was in fundraising talks with investment banks is a relief for the [...]

Tiff over “punk staffers” as bank reform vote nears »

The tension level in the debate on financial reform rose on Thursday as Democrats slapped back at a Republican leader’s comment about “punk staffers” and a pivotal vote neared in the Senate.
White House economic adviser Larry Summers criticized remarks made by House Republican Leader John Boehner, who said at a bankers’ conference: “Don’t let [...]

Senators wrestle with Fed bank oversight issues »

(Reuters) – The Federal Reserve could retain oversight of large bank holding companies under a scaled-back regulatory reform plan being considered by key senators, but important questions remained unanswered, lobbyists said on Sunday.
In a retreat from a bold proposal to streamline a patchwork bank regulatory system, lawmakers were considering keeping supervision of companies such [...]

Sen Dodd’s bank super-cop may be doomed: source »

A bold proposal by Senate Banking Committee Chairman Christopher Dodd to set up a single supervisor for U.S. banks looks doomed, said a source familiar with Senate committee discussions on Friday.
The Financial Institutions Regulatory Administration, which Dodd proposed in November, likely will not be included in revised legislation expected to be released next week [...]

The Bank of Korea kept interest rates steady at 2.00% »

The Bank of Korea kept interest rates steady at 2.00%
Thu, Feb 11 2010, 06:15 GMT
by ecPulse.com analysis team
The Bank of Korea decided today to keep interest rates steady at the low record of 2.00% for the 12th straight month meeting market expectations. Policy makers aim at giving the economy more [...]