News
Bank dissent reinvigorates prospects of more QE
LONDON (Reuters) - The chances of more Bank of England asset-buying to support a fragile economy grew on Wednesday when minutes of February's policy meeting showed two officials sought a bigger increase this month in quantitative easing than was eventually agreed. However, the split among the nine policymakers seems to run deep as some considered doing nothing, worried that inflation may turn ...
Bank of England panel split on size of stimulus
Bank of England rate-setters were divided this month on the vote to inject another 50 billion pounds ($79 billion) into the British economy, with two members arguing that a bigger stimulus was needed, minutes to their last meeting showed Wednesday.
World Bank bars Alstom units for 'improper payment'
WASHINGTON (Reuters) - The World Bank on Wednesday barred two subsidiaries of French engineering company Alstom from participating in projects financed by the global development bank for the next three years for "improper payment" in a Zambian hydropower project. A settlement between the World Bank and Alstom, which the Bank said had acknowledged the "misconduct," includes a restitution payment ...
Bank of America to Report First-Quarter Financial Results on April 19
Bank of America Corporation today announced it will report its first-quarter 2012 financial results on Thursday, April 19, 2012. The results are scheduled to be released at 7 a.m. ET, followed by an investor presentation at 8:30 a.m.
Bank of England votes 7-2 to pump out extra £50 bn
Bank of England policymakers voted 7-2 earlier this month to inject Britain's faltering economy with an extra £50 billion, minutes of their meeting showed on Wednesday.
Dollar Bank First in Region to Install New ATM-Based Teller Service
Dollar Bank, a 157-year-old regional bank headquartered in Pittsburgh, Pa., will be the first financial institution in its region to install NCR APTRA Interactive Teller, new technology that will revolutionize the delivery of personal banking services.
Dollar Bank First in Region to Introduce Video Teller Services
PITTSBURGH, PA-- - Dollar Bank announced plans today to introduce new video teller services, known as NCR APTRA Interactive Teller, into the Pittsburgh market in the second quarter 2012. APTRA Interactive ...
OneUnited Bank Sponsors 2nd Annual I Got Bank! Essay Contest to Promote Financial Literacy for Youth
BOSTON, Feb. 21, 2012 /PRNewswire/ -- OneUnited Bank announces its 2nd Annual I Got Bank! essay contest to promote financial literacy for youth. Middle school students from across the country between the ...
China media calls for democracy at World Bank
China's state-run Xinhua news agency called Wednesday for democratic and transparent elections for the next World Bank president, saying the US strangle-hold over the job was outdated.
World Bank encouraged on Myanmar
The World Bank said Tuesday that it was encouraged by Myanmar's new openness and wanted to support economic reforms but cautioned that the long-isolated state had to pay back arrears.