Venezuela to consider increased bank control

Venezuela`s government is to propose legal reforms aimed at increasing control over the country`s financial system, after a crisis that prompted state intervention in seven banks, the country`s planning minister said.

Tax treaty revision to help share account info: Swiss

Switzerland has said exchanging
details of bank accounts with India would be possible once the
tax treaty, aimed at tracking black money, between the two
nations is revised.

Credit outlook for Indian banks dim: Moody`s

Poor asset qualities & rising problem loans make credit outlook negative for Indian banks.

Bank bill delayed in House, Senate divided

Progress toward tighter US financial regulation faltered in the U.S. Congress on Thursday as a House committee postponed a pivotal vote and Republicans on a Senate committee aired stubborn opposition.

Top US, European banks set aside $300bn for staff pay, bonuses

Notwithstanding their cost-cutting drives to survive the downturn, some of the biggest banks in the US and Europe have so far set aside close to USD 300 billion for employee compensation and benefits this year.

US bank failures rise to 123; most since 1992

Regulators shut down two banks in Florida and one in California on Friday, boosting to 123 the number of US bank failures this year as loan defaults rise in the worst financial climate in decades.

HSBC says profits `significantly` up on last year

HSBC, Europe`s biggest bank, said on Tuesday that pre-tax profits during the third quarter were "significantly ahead" compared with the equivalent period a year earlier.

Banks` non-performing assets up 26%

The average non-performing assets (NPAs) of Indian banks during the second quarter this fiscal went up by 26 percent, says an industry lobby report.

Australian interest rates rise as economy surges

Australia`s Reserve Bank increased interest rates by 25 basis points on Tuesday, the second increase in as many months, in an attempt to contain inflation as the economy emerges out of the global financial crisis.

Sensex slides down on global cues, RBI policy

Banking stocks continue to bleed on Wednesday, a day after RBI announced its monetary policy, with Bombay Stock Exchange benchmark Sensex sliding by over 100 points in the opening trade.

Banks profits to be hit after RBI move

Banks profits would be hurt after the Reserve Bank of India raised the provision ratio for bad debts in its credit policy review and analysts expect top two State Bank of India and ICICI Bank to be among the worst affected.

More than 100 bank failures this year in US

The cascade of bank failures this year surpassed 100 on Friday, the most in nearly two decades.

Gunman runs away after bank teller says no

A St Paul bank teller refused to hand over cash to a gunman and lived to tell about it.

Moody`s assign moderate risk rating to 13 banks

Global rating agency Moody`s on Wednesday assigned moderate credit risk rating to 13 Indian commercial banks, including the country`s largest public sector lender State Bank of India and private entity ICICI Bank.

UCO Bank Q2 net up 38.4% at Rs 207.72 crore

State-run UCO Bank Thursday reported a 38.4 per cent growth in net profit at Rs 207.72 crore for the second quarter ended September 2009.

BofA CEO out by year`s end, search on for successor

Bank of America Corp CEO Kenneth Lewis announced he was retiring, after months of being dogged by a series of government investigations into the company`s acquisition of Merrill Lynch last year.

Armed men set ablaze bank in Afghanistan, kill guard

Unknown armed men have set ablaze a branch building of the BRAC (Bangladesh Rural Advancement Committee) bank in Afghanistan`s Kapisa province, a local newspaper reported Tuesday.

Bombay HC strikes down order requisitioning bank staff on poll duty

The Bombay High Court today
struck down the order passed by the Collectors requisitioning
staff of banks and financial institutions for poll duty.

Capital adequacy ratio of banks rose 13.98% in 2008-09

Banks kept aside more capital
against various risks during 2008-09 with their capital
adequacy ratio increasing to 13.98 percent from 13.01 percent a year ago, as they became selective owing to the global financial crisis.

Congress demands BofA details on Merrill deal: Report

A House of Representatives panel has told Bank of America Corp that it cannot use attorney-client privilege to withhold from Congress details on its purchase of Merrill Lynch, The New York Times reported on Monday.