Banking

Credit Suisse sees China tax cuts within weeks

HONG KONG, Jan 6 (Reuters) - China could announce tax cuts around the time of the Lunar New Year holiday late this month to spur consumption and shore up economic growth, investment bank Credit Suisse said on Tuesday.

UPDATE 1-UBS sees Asian asset growth rate rising in '09

Every year since 1932, Quigley Publishing has surveyed theater owners and film buyers to get their take on which Hollywood names draw the most people to the theaters.

Latvia to consider bank bad debt vehicle in IMF deal

RIGA, Jan 6 (Reuters) - Latvia, forced to seek a 7.5 billion euro ($10.11 billion) rescue from the IMF, EU and other lenders, is to consider setting up a special bad debt vehicle for its banks, the government's letter to the IMF showed on Tuesday.

Credit Suisse sees China tax cuts within weeks

Every year since 1932, Quigley Publishing has surveyed theater owners and film buyers to get their take on which Hollywood names draw the most people to the theaters.

UPDATE: BIS Produces Guidelines On Banks' Stress-Testing

LONDON -(Dow Jones)- The Bank for International Settlements said Tuesday that it has produced new guidelines outlining how banks must stress test their assumptions of market risk.

Globe says ING, rivals are lending, but playing it safe

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Churchill obtains $60-million credit line from HSBC

Churchill Corp. has entered into a new credit facility with its lender, HSBC Bank Canada. This new facility includes a $60-million operating line that replaces the current $21-million line and $5.3-million term debt facility.

ISEQ up 40 despite new falls by banks

Banks were again the party poopers on the Irish stock exchange this morning, though their falls failed to prevent a rise in the ISEQ index.

ZymoGenetics to Webcast Presentation at J.P. Morgan Healthcare Conference

ZymoGenetics, Inc. (NASDAQ: ZGEN) announced today that Douglas E. Williams, Ph.D., Chief Executive Officer of ZymoGenetics, will provide an update on company activities at the 27th Annual J.P. Morgan Healthcare Conference in San Francisco on Wednesday, January 14, 2009 at 3:30 p.m. Pacific Time.

Quality Systems, Inc. to Present at J.P. Morgan's 27th Annual Healthcare Conference

announced today that its management plans to present its corporate story at J.P. Morgan's upcoming 27th Annual Healthcare Conference.

Tranzyme Pharma to Present at the 27th Annual JP Morgan Healthcare Conference

RESEARCH TRIANGLE PARK, N.C., Jan 06, 2009 (BUSINESS WIRE) -- Tranzyme Pharma, a clinical stage biopharmaceutical company engaged in the discovery and development of first-in-class small molecule therapeutics, announced today that Vipin K. Garg, Ph.D., President and CEO, will present at the upcoming 27th Annual JP Morgan Healthcare Conference being held from January 12-15, 2009. Tranzyme's presentation will take place on Monday, January 12, 2009 at 8:30 a.m. PST at the Westin St. Francis Hotel in San Francisco, CA.

Shinsei to name ex-BNP banker to head risk

TOKYO, Jan 6 (Reuters) - Shinsei Bank has poached a banker from France's BNP Paribas to take over its risk management, a person familiar with the matter said, as the Japanese lender looks to tighten risk control following its heavy subprime-related losses.

Chinese banks' mortgage books in good shape

BEIJING, CHINA - Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, despite a downturn in the real estate market, a central bank official said on Tuesday.

HBOS trustees seek assurance

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ZymoGenetics to Webcast Presentation at J.P. Morgan Healthcare Conference

ZymoGenetics Names Stephen W. Zaruby Corporate President and General Manager of New Biosurgery Business Unit

Urhoghide Faults Terms of Bank's Deal With Osunbor's Govt

A member of the Asset Verification Committee in Edo State, Matthew Urhoghide, yesterday faulted the terms of an agreement between the Osunbor administration and one of the new generation banks, where the former administration borrowed the sum of N10billion for the execution of road projects in the state.

ZymoGenetics to Webcast Presentation at J.P. Morgan Healthcare Conference

SEATTLE - ZymoGenetics, Inc. (NASDAQ: ZGEN) announced today that Douglas E. Williams, Ph.D., Chief Executive Officer of ZymoGenetics, will provide an update on company activities at the 27th Annual J.P. Morgan Healthcare Conference in San Francisco on Wednesday, January 14, 2009 at 3:

Bank Surcharge Customers for Non Use of ATMs

First Bank Nigeria Plc is surcharging customers N100 for failure to use Automated Teller Machines (ATM) for withdrawals of sums below N60,000.

Iceland bank to sue UK over assets freeze

The Icelandic bank which had its British offshoot placed into administration by Gordon Brown at the height of the autumn credit crisis is to sue the Government over the move.

Central bank bills to see big drop

China will issue a total of 4.5 trillion yuan ($659 billion) worth of bonds in 2009, down more than 36 percent from last year, China Government Securities Depository Trust & Clearing Co Ltd said in a report today.

Dena Bank jumps on govt recapitalisation

The Dena Bank scrip galloped by 16.3 per cent to Rs 42.9 on the back of government’s decision to recapitalise public sector banks to the tune of Rs 20,000 crore. The government holds 51.2 per cent stake in Dena Bank.

MasterCard acquires Orbiscom for $100-million

MasterCard Inc. bought Ireland-based software provider Orbiscom Ltd. for about $100-million (U.S.) to help improve its electronic-payments products. Part of the purchase price depends on the future performance of Orbiscom, MasterCard said yesterday in a statement, without saying how much. The software firm has worked with the credit card network on a transactions product that Royal Bank of Scotland Group PLC used for business-card clients, MasterCard said. MasterCard, which collects fees to shuttle payments between financial institutions, is trying to strengthen its product offerings to bank customers amid consolidations caused by the global credit crunch. MasterCard said last year it was freezing hiring to control costs as the slowdown threatens the company's revenue targets.

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Citigroup predicts 8% growth in China

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Retirement funds at risk in HBOS deal, says trustee

HBOS could be “hollowed out� by its takeover partner Lloyds TSB, leaving the 79,000 people in the HBOS pension fund at risk of not having their pensions paid in full, the scheme’s leading independent trustee warned yesterday.