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Deutsche Bank restructure a 'corporate decision' BERLIN: The German government on Monday declined to comment on reports that Deutsche Bank plans to slash its retail banking."That's a purely corporate decision of Deutsche Bank," a finance ministry spokeswoman told Reuters.Deutsche Bank will sell Postbank but keep its own-branded retail division under one of two strategic overhaul models currently favoured by management, sources familiar with internal discussions have told Reuters.Copyright Reuters, 2015 ...

India's banks turn to consumer loans to counter corporate slowdown MUMBAI: Indian banks, hoping to offset a slow recovery in corporate lending, are pushing into credit cards and personal loans, using blanket advertising, cold call campaigns and even sending employees to malls to lure customers.Lending to companies has traditionally been the mainstay for banks in Asia's third-largest economy. But as India emerges from two years of slower economic growth, those loans are sour, large investment projects are stalled and company profits lacklustre.Meanwhile, retail borrowers have ...
Sri Lanka central bank head cleared of direct role in suspect bond deal COLOMBO: A panel set up to investigate a suspect auction of Sri Lankan government bonds said on Sunday that it had cleared the central bank chief of any direct role, while calling for tighter supervision of the government's borrowing office. Central Bank Governor Arjuna Mahendran has taken a voluntary leave of absence while awaiting the outcome of the probe into the Feb. 27 auction. The government raised more than 10 billion rupees ($75.2 million) from ...
China cuts bank reserve ratio requirement as growth slows BEIJING: China's central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.The move, effective Monday, comes days after the world's second largest economy reported its worst quarterly growth figure for six years.In a statement on its website, the People's Bank of China (PBoC) said it will give an additional one-percentage-point RRR cut to banks ...
RBI chief says MPC discussion not currently top of list: paper MUMBAI: Talks between the Reserve Bank of India and the government have not yet focused on the composition of a planned monetary policy committee, a key plank of proposed structural changes, the bank's governor said in a newspaper interview on Friday.The government and the RBI have been at odds over several proposed changes to regulation, including the creation of an independent public debt management office and the specific composition of the planned monetary policy committee.Governor ...
Bank of America settles currency-rigging lawsuit NEW YORK: Bank of America Corp has settled its portion of a U.S. antitrust lawsuit in which investors accused 12 major banks of rigging prices in the foreign exchange market.The settlement with the second-largest U.S. bank was disclosed on Thursday by Scott & Scott, a law firm for the investors. Terms were not disclosed.Bank of America is the third bank to settle investor claims related to the $5.3 trillion-a-day currency market. JPMorgan Chase & Co ...
Fed officials lean all ways on rate hikes, data in focus SAN FRANCISCO: Federal Reserve officials on Thursday were again at public odds over when the U.S. central bank should start raising rates, underscoring the difficult task ahead for Fed Chair Janet Yellen as she tries to build consensus for a rate hike sometime later this year.Increasingly it appears she may need to play tie-breaker on a committee split over whether the greater risk is in waiting too long to raise rates, or in pulling the ...


Index Closing Chg%
Arrow DJIA 18,080.14 0.12
Arrow Nasdaq 5,092.09 0.71
Arrow S&P 2,117.69 0.23
Arrow FTSE 7,070.70 0.24
Arrow DAX 11,810.85 0.74
Arrow CAC-40 5,201.45 0.44
Arrow Nikkei 20,020.04 0.83
Arrow H.Seng 28,060.98 0.84
Arrow Sensex 27,437.94 1.07

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Banking Review 2014

Foreign Debt $61.805bn
Per Cap Income $1,386
GDP Growth 4.14%
Average CPI 8.6%
Trade Balance $-1.586 bln
Exports $1.932 bln
Imports $3.518 bln
WeeklyApril 16, 2015
Reserves $16.818 bln