Gulf banks rebound despite ‘bad’ debts
AFP/Dubai Gulf banks have spent more than $20bn on provisions for bad debt and lost investments but are showing signs of returning to high profitability, Standard and Poor’s said yesterday.
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Ireland’s `Vicious Circle’ Leaves Banks Facing Higher Debt Financing Costs
Raising money just got a whole lot tougher for Ireland’s cash-strapped banks.
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Europe vows to help banks failing stress tests
European finance ministers sought Monday to ease market jitters over the health of Europe’s banking sector, vowing to help banks found by “stress tests” to be vulnerable to a new economic crisis.
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Islamic finance to grow at double the pace of conventional banks
SINGAPORE: The Islamic finance sector, expected to grow at double the pace of conventional banking, will likely cross the US$1 trillion mark in total assets this year.
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In Louisville, View of Banks’ Role in the Everyday
DAVID M. HERSZENHORN Main Street in Louisville is a visible reminder that high finance has a major presence in many communities, directly or through local relationships.
Read more on The Hendersonville Times-News
Cuomo Investigating Whether Banks Misled Ratings Agencies
NEW YORK (AP) — New York’s attorney general has launched an investigation into eight banks to determine whether they misled ratings agencies about mortgage securities, according to a person familiar with the inquiry.
Read more on WPIX 11 New York
N.Y. eyes 8 banks for fraud
NEW YORK — New York’s attorney general has launched an investigation into eight banks to determine whether they misled ratings agencies about mortgage securities, according to a person familiar with the inquiry.
Read more on The Monterey County Herald
8 Banks Under Investigation
New York’s attorney general has launched an investigation into eight banks to determine whether they misled ratings agencies about mortgage securities, according to a person familiar with the inquiry.
Read more on FOX 5 New York
Source: NY AG probing 8 banks over securities
New York’s attorney general has launched an investigation into eight banks to determine whether they misled ratings agencies about mortgage securities, according to a person familiar with the inquiry.
Read more on KATU Portland
German banks not taking real risk by aiding Greece, critics say
German banks pledged this week to help the Greek economy by keeping credit lines open. But critics accuse the financial sector of engaging in mere public relations, saying it’s taxpayers, not banks, who bear the risk.
Read more on Deutsche Welle