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Building societies fear new rules - BBC Business Building societies say planned new regulation will make it difficult for them to compete with banks.Proposals from the Financial services Authority, the City watchdog, include plans to limit riskier t... Big News NetworkBuilding societies fear new rules Building societies say new regulation planned by the City watchdog will make it difficult for them to compete with banks. BBCLoeb stripped of Australia rally winMotoring.co.za Gold production shines, nipping at heels of US AUSTRALIA'S gold industry is set to climb up the ranks of global producers thanks to the development of new mines and the redevelopment of old operations in response to renewed gold price strength. The local $8 billion industry now ranks equal third with Mining.comHSBC bids for ING`s private banking unit: report (Reuters) British bank HSBC has made a bid of about 1 billion pounds for Dutch financial group ING's private banking businesses, according to a report in The Sunday Times. yahoo.comTadawul market ends unchanged The Tadawul All Share Index (Tasi) closed at 5,667.94 (down 0.05%), despite 74 declining shares outnumbering 38 advancers. For the second consecutive day, Islamic insurance operator SABB Takaful posted the largest gain (up 9.98% at SR48.50). Despite moving sideways around 5,820 points since May 2009, the Tasi index might be lifted soon due to a better business sentiment. According to a survey done by British Bank HSBC, about 57% of KSA's entrepreneurs with a turnover of less than $30m (SR112.5) per year believe trade with the rest of the Middle East will expand by up to a fifth or more in the next 12 months. [AMEInfo.com] AMEQuestions Remain Ahead of Pittsburgh G-20 officials broadly agreed to rein in banker bonuses and to set higher balance-sheet standards for banks. But missing details left the potential for differences in the weeks ahead. Wall Street JournalKuwait fund: No plans to sell Citi, Merrill stakes (AP) Kuwait's sovereign wealth fund said Sunday that it has no plans to sell stakes in Citigroup Inc. and Merrill Lynch & Co. because it has faith in the potential of the U.S. banks. yahoo.comHSBC bids for ING`s private banking unit ING, which has put its private banking operations in Switzerland and Asia up for sale to pay down bailout funds it received from the Dutch government, is also considering plans to split its insurance ... BBCIsrael stocks off; El Al CEO to leave carrier TEL AVIV (MarketWatch) -- Israeli stocks fell on Sunday, led by weakness in real estate developer Africa-Israel and Israel Chemicals and offset by some strength among the banks and tech stocks. L... Big News Network1 2 3 4 |
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