United Kingdom | Sunday, 23 November 2008

Banks Articles

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1. Bonus structure encouraged bank risk-taking
Banks have been encouraged to grow faster than was sustainable and the bonus system rewarding bankers has encouraged "excessive risk taking", which may have contributed to the financial crisis, the chairman of HSBC said.
21 Oct 2008
2. More European banks turn to bailouts as shares gain
European banks lined up on Monday to tap state rescue packages to shore up their finances, part of measures to stem a global crisis that have begun to restore trust between institutions.
20 Oct 2008
3. Banks seen pressing lift on dividends ban
Some banks are urging the government to lift a ban on dividend payments imposed as part of its 37 billion pound bail-out of the crisis-hit sector, The Financial Times reported on Wednesday.
15 Oct 2008
4. Banks set to unveil bailout plans
Major banks are likely to announce their plans to recapitalise early on Monday, a person familiar with the matter said, a move which could see Prime Minister Gordon Brown's government take multi-billion pound stakes in several lenders.
13 Oct 2008
5. Fed to regulate Goldman and Morgan Stanley
Goldman Sachs and Morgan Stanley sought shelter with the Federal Reserve to survive a financial storm that has destroyed their rivals, effectively killing off the Wall Street investment banking model of the past two decades.
22 Sep 2008
6. Darling says central banks must help markets
Chancellor Alistair Darling said on Tuesday that the world's central banks must act together to give stability to the financial system while market turmoil persists.
16 Sep 2008
7. Auction-rate buybacks add to worries
Global banks may have to write down up to $10 billion (5.4 billion pounds) of auction-rate securities after buying them back from retail customers.
28 Aug 2008
8. B&B bankers stuck with rump
Banks supporting a key cash call at Bradford & Bingley said on Friday they would buy the 72 percent of shares not placed in the bank's rights issue after a languishing price made it impossible to find other investors.
22 Aug 2008
9. Banks may avoid worst of household debt pain
Action taken by banks to rein in personal lending after a spike in bad debts two years ago could help them avoid crippling losses on consumer business as the economy nears recession and pressures on households increase.
20 Aug 2008
10. Are central banks getting it all wrong?
The world may have changed on August 9 last year as the credit crunch first bit, and even some policymakers are beginning to question whether the way they work out what's happening in the economy is flawed.
11 Aug 2008
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