en-us Reuters) - Years of chasing business in Dubai's property boom means Abu Dhabi banks have built up an exposure to Dubai-based companies worth at least 30 percent of their loan books, senior bankers in Abu Dhabi said on Friday.As a result, banks face heavy provisioning and...]]> Sat, 28 Nov 2009 02:00:29 -0800 Fri, 27 Nov 2009 12:29:46 -0800 Reuters) - U.S. stocks fell more than 1 percent in a truncated session on Friday as a possible debt default by a Dubai state-owned conglomerate led to fresh concerns about the global financial system.The sell-off was broad, with selling concentrated mainly in the financial and commodity-linked...]]> Fri, 27 Nov 2009 10:45:15 -0800 AA BAC C XOM NEM AA,BAC,C,XOM,NEM Reuters) - Britain is past the worst of the recession and should return to growth in the fourth quarter, two Bank of England policymakers said, in remarks which support government forecasts the economic downturn is nearly over.Treasury sources told Reuters late on Thursday they...]]> Fri, 27 Nov 2009 03:16:43 -0800 Fri, 27 Nov 2009 00:02:55 -0800 Reuters UK) - FTSE 100 is seen opening 35-46 points lower on Friday according to financial bookmakers, extending losses from the previous session following weakness in Asia as worries about the global economy mounted after Dubai's debt problems emerged.The index is seen opening down as much as 0.9...]]> Thu, 26 Nov 2009 23:15:18 -0800 AZN RDSA AZN,RDSA Reuters UK) - Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a centre for investment and a source of capital. Dubai's debt problems, a...]]> Thu, 26 Nov 2009 18:30:01 -0800 Reuters UK) - Dubai struggled to ease fears of debt default on Thursday after its move to delay repayments at two flagship firms shook confidence in the Middle East as a centre for investment and a source of capital.Dubai's debt problems, a hangover from...]]> Thu, 26 Nov 2009 16:00:15 -0800 DPW DPW Thu, 26 Nov 2009 15:10:04 -0800 Reuters UK) - The Financial Services Authority FSA has appointed five senior "corporate panthers" to prowl the city of London and help it judge the competence of top banking executives and improve governance.The FSA named Dominic Cadbury, Sarah Hogg, Colin Marshall, Brian Pitman and David Scholey to bulk up...]]> Thu, 26 Nov 2009 08:30:24 -0800 Reuters UK) - Banks must disclose how much they pay top employees, a government-sponsored report recommended on Thursday in a bid to quell public anger over "bonuses as usual" in a sector shored up by taxpayer bailouts.The report published on Thursday from David Walker,...]]> Thu, 26 Nov 2009 07:45:57 -0800 Reuters UK) - Shares in banks, builders and companies part-owned in the Middle East fell around the world on Thursday and investors sought safety in government bonds on worries about Dubai's ability to pay its debts.Sterling fell as exposure focussed on UK banks, and...]]> Thu, 26 Nov 2009 03:30:20 -0800 LSE STAN LSE,STAN Reuters UK) - Banks won a two-year court battle over overdraft charges on Wednesday, dealing a blow to hundreds of thousands of customers seeking to claim back billions of pounds which they say were levied unfairly.The landmark ruling, handed down by the Supreme Court, found the country's...]]> Wed, 25 Nov 2009 07:30:42 -0800 Reuters) - The government-run fund that safeguards U.S. bank deposits tumbled to a negative balance of $8.2 billion in the third quarter, as the number of problem banks surged by a third to 552.It was the first shortfall since 1992 when the Federal Deposit Insurance Corp was...]]> Tue, 24 Nov 2009 19:00:36 -0800 Tue, 24 Nov 2009 10:20:18 -0800 MDT MDT Mon, 23 Nov 2009 19:03:00 -0800 Mon, 23 Nov 2009 17:25:15 -0800 LONG LONG Mon, 23 Nov 2009 11:09:07 -0800 DB VAL DB,VAL Reuters UK) - The Bank of England has raced far ahead of its peers along the quantitative easing road, but it could overtake other central banks in the reverse direction when the time comes to tighten.Although the Bank's rhetoric remains more dovish than that of the European...]]> Mon, 23 Nov 2009 10:45:26 -0800 Mon, 23 Nov 2009 07:50:31 -0800 SYMC SYMC