SNB’s Jordan: No Need To Shrink Banks By Fiat

SNB’s Jordan: No Need To Shrink Banks By Fiat
SNB’s Jordan: No Need To Shrink Banks By Fiat

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Fed Says Banks in U.S. Eased Standards; Demand Little Changed

Fed Says Banks in U.S. Eased Standards; Demand Little Changed
Banks in the U.S. eased standards and terms on loans in the second quarter, even as demand for business and consumer credit was little changed at the majority of lenders, according to a Federal Reserve survey.

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Debit-card thefts on the rise, Vail Valley banks say

Debit-card thefts on the rise, Vail Valley banks say
Here’s a handful of ways to protect yourself from debit-card fraud: • Pick “credit” at the pump: If a gas pump offers you a choice between “debit” and “credit,” choose credit. That way, even if thieves grab your card numbers, they don’t have your PIN.

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UK urges banks to lend, curb bonuses

UK urges banks to lend, curb bonuses
British Finance Minister George Osborne urged the country’s banks to use strong first-half profits to boost business lending rather than pay large bonuses.

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Banks not to blame for a lack of borrowers

Banks not to blame for a lack of borrowers
As part of its efforts to show that it is lending to businesses as much as can be expected, Barclays Bank has put together a series of slides to present to government and investors. The slides have two simple messages: the decline in lending is primarily driven by falling demand and borrowing costs are lower than two years ago.

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CEBS Says Stress Tests Conducted for 91 Banks

CEBS Says Stress Tests Conducted for 91 Banks
The Committee of European Banking Supervisors said it would perform stress tests on 91 banks representing 65 percent of the European Union banking industry.

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Two Maryland banks closed by regulators

Two Maryland banks closed by regulators
Federal regulators have closed two troubled Maryland banks, including one that was believed to have been the oldest black-owned financial institution in the state. Bay National Bank and Baltimore-based Ideal Federal Savings Bank Friday became the fourth and fifth Maryland banks to be closed over the last two years. Bay National’s deposits were assumed by [...]

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Britain’s business secretary vows to force banks to start lending to SMEs

Britain’s business secretary vows to force banks to start lending to SMEs
The new British business secretary, Vince Cable, committed the government on Friday to getting banks, some of which are majority-owned by the government, to lend more to small- and medium-sized enterprises (SMEs). Cable told a meeting at a business school in the City of London, the financial district: “The current risk aversion by banks in the SME sector will stifle recovery and, if it does …

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Banks warn Internet users

Banks warn Internet users
Internet banking users are being warned of an increase in spamming which normally happens around the time of large sporting events like the World Cup.

Read more on Independent Online

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