FOREXLEARNING

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 [...]

China banks absorbed $170 billion FX swaps in ‘09: report »

Chinese commercial banks absorbed about $170 billion in foreign exchange from the financial system last year, mainly through yuan-dollar swaps, state media on Wednesday cited a former official as saying.
The Shanghai Securities News cited Xu Shanda, former deputy head of the State Administration of Taxation, as saying that the State Administration of Foreign Exchange [...]

Asia shares up, banks shrug off China policy move »

Asia shares up, banks shrug off China policy move
Asian shares leapt to a three-week high on Wednesday, powered by financial and resource shares after investors bought commodities on a weaker dollar, while Hong Kong shares shrugged off China’s latest move to temper robust lending.
The Hang Seng rose 1.8 percent after a long Lunar [...]

G7 agrees banks must help pay crisis costs »

IQALUIT, Canada (Reuters) -
Group of Seven officials agree banks must contribute toward the cost of dealing with the financial crisis but have not agreed on how they should pay, a German official said on Saturday.
“There is a consensus that banks themselves have to contribute to pay for the financial burden of the crisis,” [...]

Currencies ahead of central banks rate decisions »

Thu, Feb 4 2010, 11:59 GMT
by ecPulse.com analysis team
The dollar is gaining massive grounds in markets, as investors are avoiding higher yielding assets, which once again supports the dollar to rise versus majors since once again there are worries in marketsregarding the global recovery taking longer than presumed to occur, especially [...]

World stocks tumble as Obama targets banks (AP) »

LONDON – World markets fell Friday, led by bank stocks after
to avert future financial crises.
or cost taxpayer money in bailouts.
The announcement spooked investors, causing a sell-off in Europe after sharper falls in the U.S. and Asia.
Britain’s FTSE 100 stock index was down 1.0 percent at 5,280.82 and
shed 1.0 percent to [...]

Obama threatens fight with banks on new risk rules »

WASHINGTON (Reuters) – President Barack Obama threatened to fight Wall Street banks on Thursday with new proposals to limit financial risk taking, sending stocks and the dollar tumbling.
Obama, a Democrat who is struggling to advance his agenda after a key election loss this week, laid out rules to restrict some banks’ most lucrative operations, [...]

Banks decline amid earnings, fee worries »

Banks decline amid earnings, fee worries
CHARLOTTE, North Carolina (Reuters) – U.S. bank stocks fell on Tuesday after reports that the Obama administration might charge banks more than $100 billion made investors worry about the sector’s profits.
Major U.S. banks’ stock prices saw deeper declines than their regional bank counterparts.
The Obama administration is considering [...]

JAL bankruptcy proposed as option to banks: sources »

TOKYO (Reuters) – A state-backed turnaround fund may seek to put Japan Airlines Corp through bankruptcy court as part of a restructuring of the struggling carrier, two sources with knowledge of the matter said.
JAL applied in October to the Enterprise Turnaround Initiative Corp of Japan, a fund established this year to help revive firms [...]

U.S. banks fight plan to share information abroad »

U.S. banks fight plan to share information abroad
WASHINGTON (Reuters) – A U.S. financial crime agency’s plan to let foreign police seek information from American banks is drawing opposition from groups representing U.S. financial institutions.
The proposed rule by the Financial Crimes Enforcement Network (FinCEN), a division of the Treasury Department, would also permit U.S. [...]