Libor for Dollars Rises to Four-Week High as Banks Hoard Cash
Dec. 1 (Bloomberg) -- The cost of borrowing in dollars for one month rose to the highest level in four weeks as banks held on to cash to strengthen their balance sheets through to next year amid the global credit shortage.

Rate cut: banks told to play ball
Government expects banks to pass on as much as they can of tipped RBA rate cut.

Banks may pass on most of RBA's rate cut
BANKS are likely to pass on all or most of a rate cut today as wholesale lending rates improve, said Mortgage & Finance Association of Australian CEO Phil Naylor.

Banks urged to pass on rate cut
The Government expects banks to pass on as much as they can of today's expected RBA rate cut.

Rate cut: banks urged to play ball
Government expects banks to pass on as much as they can of expected RBA rate cut.

U.A.E. Banks Asked to Curb Lending, EFG-Hermes Says (Update1)
Dec. 1 (Bloomberg) -- The United Arab Emirates has asked local banks to restrict loan growth to less than 10 percent after agreeing to deposit 70 billion dirhams ($19 billion) with lenders to boost liquidity, EFG Hermes Holding SAE said.

Banks feel the heat as rates cut forecast today
Retail banks will be under immense pressure to slash mortgage rates with another large official reduction widely tipped this morning. The Reserve Bank of Australia (RBA) is expected to cut the cash

Morgan Mulls Acquiring Regional Banks
Morgan Stanley could be considering acquiring regional banks that overlap its existing brokerage and asset management clients, the Wall Street Journal reports.

Banks cut staff as profits plunge
What a difference a year makes. In the third quarter of last year, Israel's five biggest banks presented a combined profit so large - NIS 2.6 billion - that howls of protest ensued.

Libor for Dollars May Stay at Three-Week High as Banks Hoard
Dec. 1 (Bloomberg) -- The cost of borrowing in dollars for one month may stay close to the highest level in three weeks as banks hold on to cash to strengthen their balance sheets through to next year amid the global credit shortage.

Big banks urged to support ABC Learning
A union representing childcare workers is calling on the major banks to financially support the troubled ABC Learning.

Food banks face unprecedented need, declining donations
Those who have the means are being urged to give to food banks in these lean times.

How you can help area food banks
You can donate food or money to any of the five food banks that supply most of the neighborhood pantries and social service agencies across Colorado. You can get more information at cofoodbanks.org.

Christopher & Banks opens Rock Hill store
Christopher & Banks Corp. has opened a 2,400-square-foot store in the Rock Hill Galleria mall. (CBK)

India Stocks Drop, Led by Banks, Automakers; ICICI, Maruti Fall
Dec. 1 (Bloomberg) -- Indian stocks fell, reversing earlier advances, as banks and automakers sank after Nomura Holdings Inc. cut its economic growth forecast for the nation and vehicle sales plunged.

High court favors BSP vs Legacy banks
The central bank, Bangko Sentral ng Pilipinas (BSP), has scored a victory against a group of rural banks that regulators have tried?but failed?to close down last year for being capital deficient.

U.A.E. Asks Banks to Restrict Lending Growth, EFG-Hermes Says
Dec. 1 (Bloomberg) -- The United Arab Emirates has asked local banks to restrict loan growth to less than 10 percent after agreeing to deposit 70 billion dirhams ($19 billion) with lenders to help boost liquidity, EFG Hermes Holding SAE said.

Banks ?raise cost of business borrowing? in open defiance of government request
Banks are flouting the government's call to lower borrowing costs for business by levying rates of up to 7% above base rate, one of Scotland's industry leaders said yesterday.

Banks shun RBS initiative on repossessions
Rival banks declined to follow the lead of Royal Bank of Scotland in pledging to wait six months before starting the process of repossessing a home.

Banks queue up for CDs
Issuance of certificates of deposit(CDs) rose On Monday because banks rushed to raise funds noting the sharp fall in rates of such papers since last week. CD rates have fallen by over 75 basis points since last week in the 3-month segment.