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TEXT-Fitch rates Interlink Roads' bank facilities 'A-(exp)' - Reuters

News360.lk

TEXT-Fitch rates Interlink Roads' bank facilities 'A-(exp)'
Reuters
May 22 - Fitch Ratings has assigned Interlink Road Pty Limited's (Interlink) proposed new senior secured bank facilities 'A-(exp)' expected ratings with Stable Outlooks. The final ratings are contingent on the receipt of final documents conforming to ...
Fitch Affirms Hatton National Bank at 'AA-(lka)'News360.lk

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Treasury Finds Belarus-Based Bank Is A Money Laundering Concern - Wall Street Journal (blog)

AFP

Treasury Finds Belarus-Based Bank Is A Money Laundering Concern
Wall Street Journal (blog)
By Samuel Rubenfeld The US Treasury Department issued a finding Tuesday that named a Belarus-based bank as a “primary money-laundering concern,” which potentially can cut the bank off entirely from the US financial system.
US calls Belarus bank a money laundering hubAFP
Treasury Says Belarus's CredexBank Is Money-Laundering ConcernFox Business
US: Minsk Bank Of 'Laundering Concern'RadioFreeEurope/RadioLiberty

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TEXT-S&P revises Access Bank outlook to stable - Reuters

TEXT-S&P revises Access Bank outlook to stable
Reuters
May 22 - Overview -- Our view of Nigeria-based Access Bank PLC's business position has improved to "adequate" from "moderate," reflecting improved market position and business stability after the completion of the merger of Intercontinental Bank (not ...

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Greek Bank Rescue Fund Approves Recapitalization Agreement - Wall Street Journal

Greek Bank Rescue Fund Approves Recapitalization Agreement
Wall Street Journal
ATHENS (Dow Jones)--Greece's bank rescue fund said it approved Tuesday an agreement allowing for a capital boost to local lenders aimed at covering losses stemming from the country's recent debt restructuring. The Hellenic Financial Stability Fund ...

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Ex-Bank of Canada boss urges crisis policy changes - Reuters

Globe and Mail

Ex-Bank of Canada boss urges crisis policy changes
Reuters
To deal with such macro-prudential risks, Thiessen and former Senior Deputy Governor Paul Jenkins said in a paper that a new policy committee should be set up, which would be chaired by the central bank chief and include the heads of other agencies.
Housing and lending risks need to be better monitored in Canada: ex-Bank of ...Financial Post

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Wells Fargo highlights risk management - Reuters

The Republic

Wells Fargo highlights risk management
Reuters
* Bank doesn't use hedging strategy like JPMorgan-CRO * Targets 1.3 to 1.6 pct return on assets * Vows discipline on acquisitions By Rick Rothacker May 22 (Reuters) - Wells Fargo & Co doesn't employ the same kind of hedging strategy that has triggered ...
Wells Fargo increases return targetsChicago Tribune
Wells Fargo Execs Boast Of Stability, Less RiskWall Street Journal
Wells Fargo Executives Boast Of Stability, Less RiskFox Business
Bloomberg
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JPMorgan: Bank Bounce Winner - TheStreet.com

Bloomberg

JPMorgan: Bank Bounce Winner
TheStreet.com
The KBW Bank Index (I:BKX) rose over 1% to close at 43.83, with all but two of the 24 index components seeing gains for the session. JPMorgan's shares have now returned 3% year-to-date, following a 20% decline in 2011. The shares have fallen17% since ...
JPMorgan Veered From Hedging Practices at Competing BanksBloomberg
Krugman: Bank's risky loans can threaten economyHouston Chronicle
Revived focus on regulation after JPMorgan lossThe Associated Press
Forbes -San Francisco Chronicle
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IMF calls on Bank of England to cut rates - CNN

Telegraph.co.uk

IMF calls on Bank of England to cut rates
CNN
By Chris Giles (Financial Times) -- The International Monetary Fund has called on the Bank of England to cut interest rates and resume printing money to boost demand in the economy. It has also asked the UK government to prepare a Plan B for deficit ...
Do more to boost growth, IMF tells BritainReuters
IMF Urges Greater UK Economic ActionWall Street Journal
U.K. Needs More BOE Stimulus and Possible Tax Cuts, IMF SaysSan Francisco Chronicle
The Independent -Telegraph.co.uk -Daily Mail
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Fed regional bank directors saw improvement in economy - Los Angeles Times

Fed regional bank directors saw improvement in economy
Los Angeles Times
Directors at the Federal Reserve's regional banks saw a pickup in the pace of economic growth last month as housing, motor vehicle sales and consumer spending gained strength. "Directors noted further improvement in economic activity, ...
Three US senators target bankers' role at FedReuters
Indep. Sen To Introduce Bill Excluding Bankers From Fed Banks' BoardsFox Business

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Largest Greek Banks to Receive Financing - New York Times

Business Insider

Largest Greek Banks to Receive Financing
New York Times
ATHENS — The Greek government will pump €18 billion into the country's four largest commercial banks this week to help them guard against losses from a worsening economy, bankers in Athens said Tuesday, a step that will improve the banks' ability to ...
EU Readies Small Steps, and Mulls Big OnesWall Street Journal
Options for banks face daunting hurdlesFinancial Times
Greek banks expect to resume ECB funding: senior bankerReuters
The Republic -Business Insider -Barron's
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Bank detailed information


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