Back in April this year, the rating agency Crisil warned that gross Non-Performing Assets (NPA) of banks in India may reach 5% by 2011. Most of the rise in NPA will be due to problems with commercial loans. ICICI Bank’s (IBN) NPA stood at 4.33% in May a 1% increase over the previous year. The …
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On January 2nd this year, Stifel Nicolaus released a list of top U.S. bank choices for this year based on its research. The top bank choices were: BancorpSouth (BXS) City Holding (CHCO) Danvers Bancorp (DNBK) First Horizon (FHN) People’s United Financial (PBCT) TCF Financial (TCB) Stifel Nicolaus said: “Though not unscathed by the credit cycle, …
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HSBC Holdings Plc (HBC) of U.K. was awarded the title of “Best Global Bank” by the highly respected Euromoney magazine in London on July 8th. Congratulating the bank Euromoney said: “After a period in which banks suffered for putting too many eggs into too few baskets, one of the things that stands out at HSBC …
The S&P; 500 is down 2.67% year-to-date (YTD). Within the index some sectors such as financials, energy, industrials, telecom services are down more than 10%. The IT sector components are up nearly 20%. Among the international stock indices, some indices are up significantly so far this year. The stock indices that are up by more …
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The unemployment rate in Canada for the month of June stood at 8.6% in June. This rate is 0.9% lower the rate in the U.S. for June when it was 9.5%. Unemployment Rate in Canada for June,2009 via The Star It is interesting to note that the current US unemployment rate equals or exceeds the …
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