Jan. 5 (Bloomberg) — David Cameron , leader of the U.K.’s opposition Conservative Party, said the government should cut taxes paid on bank interest to help pensioners through the recession and encourage future savings.
Jan. 5 (Bloomberg) — Colombia’s central bank board said slowing economic growth and internal demand may lead it to cut lending rates further as long as inflation doesn’t spike.
Loan losses for U.S. commercial banks are expected to rise to 3 percent by the end of 2010, from 1.5 percent in the third quarter of 2008, hurt by an increased percentage of bad loans, greater consumer leverage and faster problem recognition by banks, Deutsche Bank said.
It can be tough for FBI man who nicknames bank robbers Along with 2008’s near-record number of local bank robberies—276 at current count, and delayed reports could still bring the total close to 2006’s tally of 284—arose an unusual problem: coming up with all those nicknames.
Fox-Pitt Upgrades Bank Of America To Outperform
Jan. 5 (Bloomberg) — Hungarian monetary policy makers didn’t discuss interest rates at a meeting today, the central bank said in a statement on its Web site.
Jan. 5 (Bloomberg) — Moody’s Investors Service says it may revise the way it rates some collateralized debt obligations backed by bank subordinated securities after Deutsche Bank AG’s decision last month not to call 1 billion euros ($1.4 billion) of bonds.
Jan. 5 (Bloomberg) — Bank of England Governor Mervyn King may abandon his reticence to shore up the financial system as the economy slides deeper into a recession.
Jan. 5 (Bloomberg) — State Bank of India , the nation’s biggest, and ICICI Bank Ltd. led a rally in financial stocks in Mumbai after the central bank cut borrowing costs and eased cash reserve requirements.
Jan. 5 (Bloomberg) — Romania’s central bank will lower its main interest rate for the first time since 2007 after inflation and economic growth slowed because of global financial turmoil, a survey of analysts showed.
