2012

Jan

03

U.K. to Face another Recessionary Period in 2012: Lloyds Bank Corporate Markets

According to a report by Lloyds Bank Corporate Markets, Britain is likely to witness another recessionary period in the coming year.

2012

Jan

03

Citi Unveils Facebook Application to Make Rewards Social

Citi has launched a Facebook application named, ThankYou Point Sharing, which will help customers to pool their loyalty program rewards points online.

2012

Jan

03

Global Banks to Increase Presence in Africa

In spite of the Eurozone debt crisis as well as a looming threat of a double-dip recession, several global banks have been increasing their presence in Africa to tap the continent's potential for fast growth rates.

2012

Jan

03

Nasdaq OMX Group Acquires Central Securities Depository of Lithuania

Nasdaq OMX Group has completed the acquisition of the Central Securities Depository of Lithuania (CSDL).

2012

Jan

04

Bank of America Cuts Some Credit Lines for Small-Businesses

According to the Los Angeles Times, the Bank of America (BofA) wants their small-business customers to pay off their credit line balances all at once instead of making monthly payments.

2012

Jan

04

British Banks Offering Current Account Incentives to Attract New Customers

According to Kevin Mountford, the Head of banking at MoneySupermarket.com, British banks are shaking up their current account market to attract new customers by offering a range of different incentives in the New Year.

2012

Jan

04

European Banks Shying Away from Lending

European banks are unwilling to raise their lending activity to each other owing to the ongoing sovereign debt crisis.

2012

Jan

04

U.S. Banks to See Increased Profits in 2012

According to a Bloomberg research report, the biggest U.S. banks can expect to enjoy surging profits in 2012.

2012

Jan

05

Spanish Banks Should Create New Bank Provisions for Bad Property Assets: Luis de Guindos

According to Luis de Guindos, Spain's Economy Minister, the country's banks should set aside a buffer of almost Euro 50 billion as a provision in order to cut their potential losses on bad property assets.

2012

Jan

05

Moody's Investors Service Confirms Negative Outlook for British Banks

According to Elisabeth Rudman, the Vice President of Moody's Investors Service, the operating environment of the British banking industry continues to be challenging in the ongoing debt crisis.