06-Oct-2011 18:27 Bank

Planned Layoffs Surged in September to 29-Month High :: The number of planned job cuts in the U.S. soared to a 29-month high in September, exacerbated by layoffs at Bank of America and cutbacks by the U.S. military, according to a new report.
url: http://www.ibtimes.com/articles/225449/20111005/layoffs-challenger-military-bank-of-america.htm

EU Bank Pledge Lifts Stocks :: European shares and commodity prices bounced back Wednesday after finance ministers agreed to safeguard banks from the spreading sovereign debt crisis, though the euro hovered near a nine-month low against the dollar.
url: http://www.ibtimes.com/articles/225406/20111005/eu-bank-pledge-lifts-stocks.htm

SBI Overseas Borrowing Costs to Rise 1-2 bps after Downgrade :: State Bank Of India does not expect overseas borrowing costs to rise "significantly" but sees medium-term note borrowing costs rising 1-2 basis points, its chairman said on Wednesday, a day after Moody's cut its rating and sent its shares skidding.
url: http://www.ibtimes.com/articles/225282/20111005/sbi-borrowing-costs-state-bank-of-india.htm

Deutsche Bank scraps 2011 profit target :: url: http://feedproxy.google.com/~r/euronews/en/business/~3/jtT6WFKKWZM/

VIDEO: King: 'Quantitative easing will work' :: The governor of the Bank of England, Mervyn King, has told the BBC Economics Editor Stephanie Flanders that quantitative easing (QE) will have an effect.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-15203847

VIDEO: ECB holds interest rates :: The European Central Bank is offering new emergency loans to banks to help steady the eurozone's financial crisis.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-15203842

Canadian dollar weakens as ECB leaves rates unchanged :: The Canadian dollar weakened sharply against its U.S. counterpart in early trade on Thursday after the European Central Bank held interest rates unchanged, dashing hopes it might cut rates to stimulate growth.
url: http://www.ibtimes.com/articles/226446/20111006/canadian-dollar-weakens-ecb-leaves-european-central-bank-interest-rates-growth-government-debt-euro-.htm

Bank injects £75bn into economy :: The Bank of England says it will inject a further £75bn into the economy through quantitative easing (QE) but holds interest rates at 0.5%.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-15196078

ECB to give banks emergency cash :: The European Central Bank offers new emergency loans to banks, but holds interest rates because of inflation risks.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-15200131

ECB boosts liquidity and holds rates :: The European Central Bank leaves its main interest rate unchanged at 1.5 per cent and Trichet says it should not leverage the EFSF
url: http://www.ft.com/cms/s/0/c4b7d8f0-eff1-11e0-bc9d-00144feab49a.html?ftcamp=rss

Supermarket 'law shops' to open :: Banks and supermarkets will be able to sell consumer legal services in England and Wales for the first time following a change in law dubbed the 'Tesco law'.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/uk-15187154

Bank of England increases QE by £75bn :: Britain's rate-setting body voted to expand its gilt purchases in an effort to bolster an economy already showing signs of stagnation
url: http://www.ft.com/cms/s/0/19dcb802-f004-11e0-bc9d-00144feab49a.html?ftcamp=rss

VIDEO: Bank injects £75bn into economy :: The Bank of England has said it will inject a further £75bn into the economy through quantitative easing (QE).
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-15198274

Banks face new European stress tests :: url: http://rss.cnn.com/~r/rss/edition_business/~3/WTNH6E_-JDk/index.html

Will European Central Bank Slash Interest Rates? :: The European Central Bank (ECB) has taken further steps in implementing a reduction in interest rates even as presumptions increased that interest rates will remain unchanged at 1.5 percent.
url: http://www.ibtimes.com/articles/226139/20111006/european-central-bank-slash-interest-rates.htm

PM Gillard Sees No Problem on Ken Henry's New NAB Post :: Prime Minister Julia Gillard insisted on Thursday that Ken Henry's scheduled entry to the National Australia Bank (NAB) board will not run in conflict with the former Treasury secretary's present role as government economic adviser.
url: http://www.ibtimes.com/articles/226120/20111006/pm-gillard-sees-no-problem-on-ken-henry-s-new-nab-post.htm

JP Morgan: Bank Price War is Temporary :: Australian banks have been shaving off their headline mortgage rates and some are even tossing cash bonuses in spirited efforts to lure more banking customers to sign up but analysts are doubtful that the trend will be sustained in light of the global economic uncertainties.
url: http://www.ibtimes.com/articles/225993/20111005/jp-morgan-bank-price-war-is-temporary.htm

New £50 note set for 2 November :: The new-style £50 banknote will be introduced on 2 November, the Bank of England announces.
url: http://www.bbc.co.uk/go/rss/int/news/-/news/business-15122770