EU considers protecting savers against future bank collapses

Published : 12:00 am  May 1, 2013  |  Category: Financial Services  |  Leave a Comment  |  194 views  |  

REUTERS: Depositors should be the very last to suffer losses when a bank collapses, according to a proposal being discussed by European Union countries and seen by Reuters, which would shield savers from the kind of losses they face in Cyprus.  Read More →


364-day bill doubles its accepted amount at weekly auction

Published : 12:00 am  May 1, 2013  |  Category: Financial Services  |  Leave a Comment  |  177 views  |  

By Wealth Trust Securities Continuing with recent trends, the weighted averages (WAvg) at yesterday’s Treasury bill auction dipped further for a fourth consecutive week. It was the 91-day bill which reflected the highest decline of three basis points to 9.20%, while the 182-day bill and 364-day bill dipped by one basis point each to 10.22% and 11.33% respectively.  Read More →


Shiranthi Rajapaksa opens Pan Asia Bank’s branch in Tangalle

Published : 12:37 am  April 30, 2013  |  Category: Financial Services  |  Leave a Comment  |  772 views  |  

Pan Asia Bank ceremonially opened its 74th branch in Tangalle on 29 April 2013 at 3 Annapitiya Road, Tangalle. The First Lady Shiranthi Rajapaksa was the chief guest at the occasion.  Read More →


LOFC relocates its Wellawatta branch for greater convenience to customers

Published : 12:36 am  April 30, 2013  |  Category: Financial Services  |  Leave a Comment  |  770 views  |  

Lanka ORIX Finance PLC (LOFC) moved its Wellawatte branch to a new and spacious location at 124 A, Galle Road, Wellawatta recently.  Read More →


Retrenching HSBC strikes deal No.52 with Korean insurance sale

Published : 12:35 am  April 30, 2013  |  Category: Financial Services  |  Leave a Comment  |  530 views  |  

LONDON (Reuters): HSBC Holdings is selling its half stake in the South Korean insurance firm Hana HSBC Life Insurance Co to its partner in the venture, the 52nd deal it has struck as part of a global retreat from peripheral businesses in the past two years.  Read More →


Secondary bond markets make positive start as activity increases significantly

Published : 12:34 am  April 30, 2013  |  Category: Financial Services  |  Leave a Comment  |  432 views  |  

By Wealth Trust Securities In contrast to last week, activity in secondary bonds markets picked up significantly yesterday mainly surrounding the two liquid five year maturities (i.e. 01.04.2018 and 15.08.2018).  Read More →


Banks struggle to recruit enough compliance experts

Published : 12:33 am  April 30, 2013  |  Category: Financial Services  |  Leave a Comment  |  341 views  |  

LONDON (Reuters): Nearly nine in 10 financial services executives are struggling to recruit staff with the right skills as regulatory changes boost demand for experts in areas such as compliance and accounting, a report suggested on Monday.  Read More →


EU regulators to examine ICE, NYSE Euronext merger

Published : 12:32 am  April 30, 2013  |  Category: Financial Services  |  Leave a Comment  |  448 views  |  

BRUSSELS (Reuters): EU antitrust regulators will examine IntercontinentalExchange Inc’s $8.2 billion takeover of NYSE Euronext in line with a request from the exchange operators themselves, a spokesman for the European Commission said.  Read More →


Fitch rates Senkadagala Finance’s senior debt final ‘BBB+’

Published : 12:32 am  April 30, 2013  |  Category: Financial Services  |  Leave a Comment  |  516 views  |  

Fitch Ratings has assigned Senkadagala Finance PLC’s (SFC, BBB+ (lka)/Stable) issue of senior unsecured redeemable listed debentures of up to Rs.1 billion a final National Long-term Rating of ‘BBB+(lka)’.  Read More →


HSBC cuts gold, silver price forecasts for 2013, 2014

Published : 2:52 am  April 29, 2013  |  Category: Financial Services  |  Leave a Comment  |  1,033 views  |  

REUTERS: HSBC lowered its gold forecast for this year and next on Friday, saying the recent tumble in prices for the yellow metal has dealt a severe blow to investor confidence, which may take many months to restore.  Read More →


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