Chinese banks grab top spots in global rating
Tuesday, 12 January 2010
From Fazle Rashid
NEW YORK, Jan 11: It is China all the way. The news day before was that China has toppled Germany as the "champion of world export". The news today is Chinese banks have consolidated their positions as the most "highly valued financial institutions" grabbing four out five top spots in the international rating. Top rated Chinese banks have doubled their valuation over the past year as the western rivals have been derated.
Bank supervisor in the US will maintain a strict surveillance in shaping bank's top personnel decisions so that the banks again do not crumble in future. Federal Reserve and Federal Deposit Insurance Corporation are asking more questions about fresh apppointees. Financial Stability Board (FSB) created last year, is contemplating naming counries that are not cooperating with global effort.
European Central Bank (ECB) will hold its first meeting of 2010 this week amid expectations that its main interest rate would remain unchanged until at least the year 2010 is out while US recovery eclipses that of the eurozone and inflation undershoots its target. Region's unemployment rate hit double digit mark in November for the first time since the launch of a single currency.
Startling news pour in from airline business. A United Airlines aircraft on a flight from Chicago to Newark International airport with 48 passengers on board made a landing with only two of its three wheels operating. Plane made miraculousl landing with no passenger injured, barring the mental trauma.
Salt used to melt snow accumulated on top of electrical poles causing power failure and disruptions of flights the Cleveland Hopkins International airport yesterday.
NEW YORK, Jan 11: It is China all the way. The news day before was that China has toppled Germany as the "champion of world export". The news today is Chinese banks have consolidated their positions as the most "highly valued financial institutions" grabbing four out five top spots in the international rating. Top rated Chinese banks have doubled their valuation over the past year as the western rivals have been derated.
Bank supervisor in the US will maintain a strict surveillance in shaping bank's top personnel decisions so that the banks again do not crumble in future. Federal Reserve and Federal Deposit Insurance Corporation are asking more questions about fresh apppointees. Financial Stability Board (FSB) created last year, is contemplating naming counries that are not cooperating with global effort.
European Central Bank (ECB) will hold its first meeting of 2010 this week amid expectations that its main interest rate would remain unchanged until at least the year 2010 is out while US recovery eclipses that of the eurozone and inflation undershoots its target. Region's unemployment rate hit double digit mark in November for the first time since the launch of a single currency.
Startling news pour in from airline business. A United Airlines aircraft on a flight from Chicago to Newark International airport with 48 passengers on board made a landing with only two of its three wheels operating. Plane made miraculousl landing with no passenger injured, barring the mental trauma.
Salt used to melt snow accumulated on top of electrical poles causing power failure and disruptions of flights the Cleveland Hopkins International airport yesterday.