Mid-valley banks part of bailout
Some banks doing business in the mid-valley have received funds through the Troubled Asset Relief Program, the main thrust of the government?s $700 billion economic bailout, but to date those funds have not been put to use.

Banks react to interest rate cut
Banks in Northern Ireland start to react to the latest cut in interest rates announced by the Bank of England.

Banks uneasy over staff lay-off
DOHA: Banks here remain liquid and face no immediate threat from the global financial crisis, but reports of staff lay-offs have them increasingly worried since many of those being retrenched have to pay back personal loans.

Banks borrow more, investment firms less from Fed
By JEANNINE AVERSA Commercial banks borrowed more, while investment firms drew less over the past week from the Federal Reserve's emergency lending program. The Fed report, released Thursday, showed commercial banks averaged $87.9 billion in daily borrowing over the week ending Wednesday. That was up from $86.6 billion in average daily borrowing logged over the week that ended Dec. 31. ...

Banks borrow more, investment firms less from Fed
The Fed report shows commercial banks averaged $87.9 billion in daily borrowing over the week ending Wednesday. That was up from $86.6 billion in average daily borrowing logged over the week that ended Dec. 31.

Banks borrow more, investment firms less from Fed
WASHINGTON -- The Federal Reserve said commercial banks borrowed more, while investment firms drew less over the past week from its emergency lending program.

As big banks dwindle, the small survive
The credit crisis may hasten the banking industry's long-term trend toward consolidation. But while some of the largest banks emerge as even bigger players, partly as a result of headline-grabbing acquisitions, smaller firms will have opportunities to grow and thrive.

France preparing second round of aid for banks
The French government is planning to inject a second tranche of euro10.5 billion ($14.38 billion) into some of the nation's largest banks in an effort to spur lending. Finance Minister Christine Lagarde said Thursday the aid would be distributed by the end of...

Interest rate cut 'will starve banks of cash', as savers are deterred
The lowest interest rate in the history of the Bank of England will deter savers from depositing money and further undermine troubled banks, it was claimed yesterday.

Canadian Banks Ask for Changes to Capital Rules, Globe Reports
Jan. 8 (Bloomberg) -- Canadian bank chief executive officers want regulators to change the rules regarding capital so that banks can lend more, the Globe and Mail reported, citing unidentified people.

Spend £1bn on IT, the banks are told
Banks have been told to spend almost £1billion upgrading their computer systems to ensure depositors get compensation quickly in the event more lenders fail.

France to Give Additional EU10.5 Billion to Banks (Update1)
Jan. 8 (Bloomberg) -- French Finance Minister Christine Lagarde said the government is preparing to inject another 10.5 billion euros ($14.3 billion) into banks.

(AFX UK Focus) 2009-01-09 04:20 FACTBOX-Australian banks' government guaranteed bond issues
SYDNEY, Jan 9 (Reuters) - Australian banks are rushing to raise funds worldwide under a new government guarantee to help them shore up their balance sheets amid the global financial turmoil.

2 more rural banks close ? central bank
The Bangko Sentral ng Pilipinas (BSP) closed on Thursday two more rural banks?this time in Pampanga?after they declared a bank holiday.

Food banks and Food Stamp program see rise in applications
Area food banks got a big boost on Thursday: a $100,000 donation from the Musgrave Foundation. The money is desperately needed.

Banks cracking down on diamond merchants
Israel's banks have been making credit terms tougher for the faltering diamond sector. Most of Israel's big diamond merchants admit to a roughly 20% drop in sales last year compared with 2007, and say banks are tightening credit unless the merchants provide more collateral.

(AFX UK Focus) 2009-01-09 02:12 Australian banks on a funding spree, aid economy
SYDNEY, Jan 9 (Reuters) - Australian banks are on a funding spree as a government guarantee allows them to raise capital even amid a global credit squeeze, providing the power to keep lending to cash-strapped businesses and consumers at home.

Japan funds banks to drive lending to business
Japan is stepping up efforts to encourage banks to lend more to business amid fears that a credit crunch will worsen in the run-up to the fiscal year-end on March 31.

Banks Borrow More, Investment Firms Less From Fed
Commercial banks borrowed more, while investment firms drew less over the past week from the Federal Reserve's emergency lending program. The Fed report, released Thursday, showed commercial banks averaged $87.9 billion in daily borrowing over the week ending Wednesday.

France preparing second round of aid for banks
PARIS   (AP)?The French government is planning to inject a second tranche of euro10.5 billion ($14.38 billion) into some of the nation?s largest banks in an effort to spur lending?.