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Finance
Bank of America told Fed it could sell branches in emergency: source
Bank of America Corp (BAC.N) told Federal Reserve officials in June that it could shed branches in some parts of the country if it needed to raise capital in an emergency, a person familiar with the matter said.
Bank of Thailand launching new banknote series next week Pattaya Mail 14.01.2012 | US seeking to 'close down' Iran central bank Breitbart.com 13.01.2012 |
 The Bank of Thailand (BoT) will issue a new series of banknotes, its 16th series, next week after the current series has circulated in the market for more than 14 years, according to BoT Governor Prasarn Trairatvorakul. |  The latest round of American sanctions are aimed at shutting down Iran's central bank, a senior US official said Thursday, spelling out that intention directly for the first time. |
Catastrophe risk fund mulled to deal with insurance woesSucheera Pinijparakarn The Nation 04.01.2012 | Thailand Sees $2 Billion of Inflows for Flood Insurance ClaimsSuttinee Yuvejwattana BusinessWeek 19.12.2011 |
 The government is looking at setting up the Kingdom's first catastrophe-risk fund to ensure compensation for businesses after future disasters and funding for restoration after any such event. |  Thailand has recorded about $2 billion of inflows stemming from insurance claims related to this year’s floods, Bank of Thailand Governor Prasarn Trairatvorakul said. |
BBL: Interest rates unlikely to budgeKosit Panpiemras Bangkok Post 19.12.2011 | Bank of Thailand urged to launch soft loans The Nation 17.12.2011 |
 Commercial banks are unlikely to reduce their interest rates despite the recent policy rate cut by the Bank of Thailand, says Bangkok Bank executive chairman Kosit Panpiemras. |  The Finance Ministry is discussing with the Bank of Thailand the possibility of the central bank providing soft, low-interest loans through commercial banks for flood-hit small and |medium-sized enterprises and households, Finance Minister Thirachai Phuvanatnaranubala said yesterday. |
Fitch cuts ratings on 8 major banks AP 16.12.2011 | Europe ramps up rescue fund, may turn to IMFJan Strupczewski and Valentina Za Yahoo! Finance 30.11.2011 |
 Fitch Ratings on Thursday downgraded its viability ratings on eight of the world's biggest banks, citing increased challenges facing the banking sector due to weak economic growth and heightened regulation. |  Euro zone ministers agreed on Tuesday to ramp up the firepower of their rescue fund but couldn't say by how much and raised the possibility of asking the IMF for more help after Italy's borrowing costs hit a euro lifetime high of nearly 8 percent. |
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