Posts tagged as: banks

MCB, One of Many Banks that Continue to Break all Ethics and Morals of Business

Proper customer service is something that many businesses in Pakistan have just failed to realize is a major factor in building and retaining a strong and dedicated consumer base, especially our banking sector.   Not only are they known to hire gangsters when in the need to recover loans instead of opting for the proper, […]

Wells Fargo not included in Moody’s ratings owing to majority operations in the US, says Stumpf

Moody’s reviewed it’s listings of 17 banks from the US which have a major stack in the international markets as well. Though it is not the first time that Moody’s has revised its ratings, the results for 2012 are less than stellar for most of the 17 banks. One bank however, made it through with […]

Central banks on stand-by to initiate monetary easing plan in Europe, say G20 Officials – Part 1

Greek national elections pose a new threat to the European market, if the left-wing Syriza party leader Alexis Tsipras wins the polls and takes over the reins of the country. The Euro banking sector is expected to take a severe blow if the above premise proves to be true. Tsipras has openly rejected to form […]

Central banks on stand-by to initiate monetary easing plan in Europe, say G20 Officials – Part 2

Since the sovereign debt crisis started to cool off a bit, its inoculation into the US stock market had started to wear off as well. However, the recent news has left its effects on the likes of New York Stock Exchange and NASDAQ as stocks began to respond to both news. The market took to […]

Increased minimum deposit rate on savings holds back KSE performance

Increased minimum deposit rate on savings holds back KSE performance Karachi: (Monday, April 16, 2012) After witnessing rising trends for over a fortnight, owing to the announcement on part of State Bank of Pakistan to increase the minimum deposit rate on savings accounts from 5 percent to 6 per cent, the Karachi Stock Exchange observed […]

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