Spanish Banks Agree to Layoffs and Other Cuts to Receive Rescue Funds in Return

Although the Spanish government can tap into more of the money to help other troubled banks stay afloat, the government has said it will not need the fullamount in any case.
Presenting its restructuring plan on Wednesday, Bankiasaid it would lay off 6,000 employees, or 28 percent of its work force, and cut itsbranch network by 39 percent. The bank predicted it would return to profit next year and reach earnings of 1.5 billioneuros ($1.9 billion) by 2015.
Still, the Spanish government has yet to draw a line under its banking crisis. The next step is expected in December with the creationof a so-called bad bank, which the government is trying to create by teaming up with private investors as equity holders. But the valuation of the bad bank's assets has proved to be a thorny issue because of the effect such valuations couldhave on other real estate assets. The most significant cuts will be made by Bankia, thegiant lender whose collapse and request for 19billion euros, or $25 billion,in additional capital last May led the Spanish government to negotiate a banking rescue of up to 100 billion euros ($130 billion) a month later.
The money approved Wednesday is part of that negotiated amount and willcome from the European Stability Mechanism, the rescue fund for the euro zone.
Joaquín Almunia, the European Union's antitrust commissioner, said the approval of the restructuring plans of the four banks - Bankia, Novagalicia Banco, Catalunya Banc and Banco de Valencia - was "a milestone."

list of banks in france

The Banque de France is the central bank of France; itis linked to the European Central Bank (ECB). Its maincharge is to implement the interest rate policy of the European System of Central Banks (ESCB). It is headquartered in Paris.
On 1 June 1998, a new institution was created, the European Central Bank (ECB), charged with steeringthe single monetary policy for the euro. The body formed by the ECB, and thenational central banks (NCB)of all the member states of the European Union, constitute the European System of Central Banks (ESCB) *.
AAREAL BANK AG - 18 989 www.aareal-bank.com
*.
ABC INTERNATIONAL BANK PLC - 18 979 www.arabbanking.com
*.
Al Khaliji France S.A.- 41 829 www.alkhaliji.com
*.
Allianz Banque - 12 240 www.allianzbanque.fr
*.
ALLIED IRISH BANKS plc - 15 318 www.aib.ie
*.
ASSOCIATION FRANCAISE DES BANQUES - 1 www.afb.fr
*.
Attijariwafa bank Europe - 23 890 www.attijariwafabank.com
*.
AXA BANQUE - 12 548 www.axabanque.fr
*.
AXA Banque Financement - 25 080
*.
BANCA CARIGE S.p.A.- Cassa di Risparmio di Genova e Imperia - 12 088 www.carige.it
*.
BANCA POPOLARE DI SONDRIO (SUISSE) - 14 908 www.popso.ch
*.
BANCA REGIONALE EUROPEA - 14 818 www.brebanca.it
*.
BANCO BILBAO VIZCAYA ARGENTARIA - 41 189
*.
BANCO BPI - 12 589
*.
BANCO DE SABADELL - 19 229 www.bancsabadell.com
*.
BANCO DO BRASIL - 41 139 www.bancobrasil.com
*.
BANCO GUIPUZCOANO S.A. - 12 508
*.
BANCO SANTANDERSA - 44 729 www.gruposantander.es
*.
BANK AUDI SARADAR FRANCE - 18 089
*.
Bank Julius Baer (Monaco) S.A.M. - 14 508 www.juliusbaer.com
*.
BANK MELLI IRAN - 41 259
*.
BANK OF AMERICA N.A . - 41 219 www.bankofamerica.com
*.
BANK OF CHINA PARIS BRANCH - 18769
*.
BANK OF INDIA - 14 879
*.
BANK OF SCOTLAND- 13 648 www.bankofscotland.com
*.
Bank of Tokyo-Mitsubishi UFJ, Ltd. (The) - 41 249 www.btm.co.jp
*.
BANK POLSKA KASAOPIEKI SPOLKA AKCYJNA - 41 239 www.pekao.com.pl
*.
BANK SADERAT IRAN - 44 269
*.
BANK SEPAH - 17 799
*.
BANK TEJARAT - 17 579
*.
BANQUE ACCORD - 12 869 www.banque-accord.com
*.
BANQUE AIG - 10 968
*.
BANQUE BCP - 12 579 www.banquebcp.fr
*.
BANQUE BIA - 12 179
*.
BANQUE CALEDONIENNE D'INVESTISSEMENT-B.C.I. - 17 499 www.bci.nc
*.
BANQUE CANTONALE DE GENEVE (FRANCE) SA - 12 468 www.bcgef.fr
*.
BANQUE CENTRALE DE COMPENSATION - 17 519
*.
BANQUE CHAABI DU MAROC - 41 439
*.
BANQUE CHABRIERES - 24 659
*.
BANQUE CHAIX - 10178 www.banque-chaix.fr
*.
BANQUE CHALUS - 10 188
*.
Banque CIC Est - 30087 www.cic.fr
*.
Banque CIC Nord Ouest - 30 027 www.cic.fr
*.
Banque CIC Ouest -30 047 www.cic.fr
*.
BANQUE COMMERCIALE DU MARCHE NORD EUROPE - 13 298 www.bcmn.fr
*.
BANQUE COMMERCIALE POUR LE MARCHE DE L'ENTREPRISE - 18 829 www.bcme.fr
*.
BANQUE COURTOIS-SUCCESSEURS DE L'ANCIENNE MAISON COURTOISET CIE DEPUIS 1760- 10 268 www.banque-courtois.fr
*.
BANQUE D'ESCOMPTE - 44 149 www.escompte.com
*.
BANQUE D'ORSAY - 19 089 www.banquedorsay.fr
*.
BANQUE DE BRETAGNE - 40 168 www.banque-de-bretagne.fr
*.
BANQUE DE GESTION EDMOND DE ROTHSCHILD MONACO - 11 668
*.
BANQUE DE GESTION PRIVEE INDOSUEZ - 43 799 www.bgpi.com
*.
BANQUE DE L'ECONOMIE DU COMMERCE ET DE LA MONETIQUE - 11899 www.becm.fr
*.
BANQUE DE L'EUROPE MERIDIONALE-BEMO - 17 619
*.
BANQUE DE LA REUNION - 12 169 www.banquedelareunion.fr
*.
BANQUE DE NOUVELLE CALEDONIE - 14 889
*.
BANQUE DE POLYNESIE - 12 149 www.sg-bdp.pf
*.
BANQUE DE REALISATIONS DE GESTION ET DE FINANCEMENT - REGEFI - 11 210
*.
BANQUE DE SAINT-PIERRE ET MIQUELON - 11 749
*.
BANQUE DE SAVOIE- 10 548 www.banque-de-savoie.fr
*.
BANQUE DE TAHITI - BDT - 12 239 www.banque-tahiti.pf
*.
BANQUE DE VIZILLE- 13 999 www.banquedevizille.fr
*.
BANQUE DE WALLISET FUTUNA - 11 408
*.
BANQUE DEGROOF& PHILIPPE - 43 030 www.degroofphilippe.fr
*.
BANQUE DELUBAC ET CIE - 12 879 www.delubac.fr
*.
BANQUE DES ANTILLES FRANCAISES -BDAF - 41 839 www.bdaf.fr
*.
BANQUE DU BATIMENT ET DES TRAVAUX PUBLICS-BTP BANQUE - 30 258 www.btp-banque.fr
*.
BANQUE DU CREDITMUTUEL ILE-DE-FRANCE - BCMI - 11628
*.
BANQUE DUPUY, DE PARSEVAL - 12 939 www.bdp.fr
*.
BANQUE EDEL SNC -13 149 www.banque-edel.fr
*.
BANQUE ESPIRITO SANTO ET DE LA VENETIE - 43 659 www.besv.fr
*.
BANQUE FEDERATIVE DU CREDIT MUTUEL - 11 808 www.creditmutuel.fr
*.
BANQUE FIDUCIAL -13 179
*.
BANQUE FRANCAISE- 41 599 www.banquefrancaise.fr
*.
BANQUE FRANCAISECOMMERCIALE ANTILLES-GUYANE - BFC ANTILLES-GUYANE - 18 729 www.bfc-ag.com
*.
BANQUE FRANCAISECOMMERCIALE OCEAN INDIEN - BFC OCEAN INDIEN - 18 719 www.bfcoi.com
*.
BANQUE INTERNATIONALE DE COMMERCE-BRED - 40 398
*.
Banque Jean-Philippe HOTTINGUER et Cie - 11 438
*.
BANQUE J. SAFRA (MONACO) SA - 24 349 www.gottardo.com
*.
BANQUE KOLB - 13 259 www.banque-kolb.fr
*.
BANQUE LAYDERNIER - 10 228 www.banque-laydernier.fr
*.
Banque Leonardo - 21 990 www.banqueleonardo.com
*.
BANQUE MARTIN MAUREL - 13 369 www.martinmaurel.com
*.
BANQUE MARZE - 13379 www.banque-marze.fr
*.
BANQUE MICHEL INCHAUSPE - BAMI - 17 959
*.
BANQUE MISR - 18 569 www.banquemisr.fr
*.
BANQUE MONETAIRE ET FINANCIERE - 18 879
*.
BANQUE NATIONALE DE PARIS INTERCONTINENTALE - 14 898
*.
BANQUE NEUFLIZE OBC - 30 788 www.banque-nsmd.fr

list of banks in uganda

The Banking sector is growing and it continues to grow as the central bank is yet to license more commercial banks. Uganda now has over 20 commercialbanks in operation
1. Bank of Africa - It started as Sembule Investment Bank in 1984. In 1996 it became Allied Bank courtesy of the new owners then. It is now Bank of Africa with its HQson Jinja road.
2. Bank of Baroda - Started Operations in Uganda wayback in 1953. Its head office is located on Kampala Road next to Barclays Bank and anotherbranch is right next to Club Rouge. The latest branch to be opened in Kampala is right after Kampala International University. It is listed on the Uganda Securities Exchange.
3. Barclays Bank - Next to Bank of Baroda on Kampala road with various branches in the city centre has been in Uganda for over 70 years. One of its products are featured here Barclays Prestige Service
4. Cairo International Bank - On Green land towers opposite Bank of Uganda started its operations in 1995.More on the bank from the CIB Website
5. Centenary Bank - Formerly Centenary Rural Development Bank (CERUDEB) and now Centenary Bank is located on plot 7 Talenta House on Entebbe Road started its operations in 1983 as a credit trust and ten years later it was licensed into a full commercial bank. Centenary Bank is the largest indigenous bank with an estimated asset base of over USD 220 Million. The bank employsover 1,000 people. To contact Centenary Bank call +256 414 346856,+256 414 232 393.
6. Citi Bank - On Ternan Avenue next to British Airways. An Ideal home for Corporate Customers.
7. Crane Bank - Founded in 1995 and it is the seventh largest bank in Uganda as of Feb.2009.
8. DFCU Bank - Development Finance Company of Uganda started in 1964 as a development finance company and in 2005 it became a commercial bank. Its HQs are located on plot 2 Jinja road. It is now celebrating 45 years of progress
9. Diamond Trust Bank - In 1997 is when it became a fully fledged commercial bank with about 9 branches across its network.
10. Eco Bank Uganda -
11. Equity Bank Uganda - It was created in 2008 when the Equity Bank Group purchased Uganda Microfinance Limited. Equity Bank nowemploys about 500 people, listed on the Uganda Securities Exchange under the symbol EQTY and it is the13th largest commercial bank as of June 2009.
12. Fina Bank - Started its operations in 2008 with 2branches in Kampala plusone Mbarara and Kasese. Notable for cross border money transfer between Kenya, Rwanda and Uganda.
13. Global Trust Bank - Started its operations in 2008 with its headquarters on Kampalaroad adjacent to Kenya Commercial Bank. Its majority shareholders areNigeria's largest Insurance company, Industrial and General Insurance Co. Plc(IGI) and National Insurance Company(NIC)
14. Housing Finance Bank - Founded in 1967 as a mortgage bank and in January 2008 it became acommercial bank. It has an asset base estimated atUSD 80Million, Housing Finance Bank was the 11th largest commercial bank in Uganda as of April, 2009.
15. Kenya Commercial Bank -
16. National Bank of Commerce -
17. Orient Bank -
18. Post Bank Uganda -
19. Stanbic Bank U Ltd -
20. Standard Chartered Bank

Safaricom launches M-Shwari mobile banking service, banks fears

The mobile firm on Tuesdaylaunched a micro-loan product dubbed M-Shwari,which will allow its 19 million subscribers to save and borrow money from their mobile phones using the M-Pesa platform.
It is being run in partnership with Commercial Bank of Africa, which will provide the banking services.
The service will allow saving of as little as Sh1 andborrowing of a minimum Sh100, with interest rates ranging from two to five per cent per year, depending on one’s savings.
Borrowers will also part with a one-off facilitation fee of 7.5 per cent of the borrowed amount. Subscribers can borrow up to Sh20,000, payable in 30 days.
Safaricom joins Airtel which in May launched a similar product, though on a smaller scale, through a partnership with micro lender Faulu Kenya.
Airtel’s service, known as Kopa Chapaa, allows subscribers to get loans of between Sh100 and Sh10,000 charged at an interest of 3-10 per cent.
Speaking at the launch, Safaricom CEO Bob Collymore said that the product would enable low-income earners access affordable loans based on their savings.
These services are promising to bring competition in the short term lending market that has been dominated by shylocks.
Banks have, however, downplayed the entry of mobile operators in the lending industry on grounds that they are targeting the unbanked population.
“Product innovation, particularly in the mobile banking space, will continue to be a differentiating factor for thesector as banks move to increase accessibility to financial services. You therefore would expect to see more linkages with various telecom providers, as we have seen with Commercial Bank of Africa and Safaricom on the M-Shwari product,” Kenya Bankers Association boss Habil Olaka said in an emailinterview.
To activate the M-Shwari account, one will be required to go to the M-pesa menu, select the account option, choose the update menu option and then enter their M-pesa PIN number.
An M-Shwari will automatically be included in the M-pesa menu.
“It is simple. There are no ledger fees, no limits on thefrequency of withdrawals, no minimum operating balance and no charges on deposits for M-Pesa to M-Shwari account,” said Mr Collymore.
“Loan defaulters will be blacklisted and will not be allowed to borrow for five years,” said the head of National Payments System, Mr Stephen Nduati.
Preferred pace
M-Shwari creates a platformon which customers can save at their preferred pace.
“It creates a safe environment for customers to borrow small amounts and links the amounts of credit available to the ability to save,” Vodafone director of Mobile Money, Mr Michael Joseph said.

List of banks in Qatar

Qatar National Bank
Main Branch
Cornich Road
Tel:(+974) 440 7777
Fax: (+974) 441 5020
Website: http://www.qnb.com.qa
Email: ccsupport@qnb.com.qa
Commercial Bank of Qatar
Head Office
Cornich Road
Tel: (+974) 449 0000
Fax: (+97) 449 0070
Website: http://www.cbq.com.qa
Email: info@cbq.com.qa
Doha Bank
Main Branch
Doha
Tel: (+974) 445 6600
Fax: (+974) 441 6631
Website: http://www.dohabank.com.qa
Email: N/A
Ahli Bank QSC
Main Branch
Al Sadd
Tel: (+974) 800 2222
Fax: (+974) 423 2444
Website: http://www.ahlibank.com.qa
Email: info@ahlibank.com.qa
International Bank of Qatar
Main Branch
Al Sadd
Tel: (+974) 447 8000
Fax: N/A
Website: http://www.ibq.com.qa
Email: N/A
Qatar Islamic Bank
Head Office
Grand Hamad Street
Tel: (+974) 444 8444
Fax: (+974) 441 2700
Website: http://www.qib.com.qa
Email: info@qib.com.qa
Qatar International Islamic Bank
Main Branch
Grand Hamad Street
Tel: (+974) 462 5666
Fax: (+974) 444 4101
Website: http://www.qiib.com.qa
Emai: N/A
Arab Bank
Doha Branch
Grand Hamad Street
Tel: (+974) 438 7878
Fax: (+974) 438 7677
Website: http://www.arabbank.com.qa
Email: DohaContact@arabbank.com
Mashreq Bank
Main Branch
C Ring Road
Tel: (+974) 424 9666
Fax: (+974) 434 9647
Website: http://www.mashreqbank.com.qa
Email: N/A
Bank Saderat Iran
Qatar Branch
Doha
Tel: (+974) 441 4646
Fax: (+974) 443 0121
Website: N/A
Email: N/A
HSBC Bank Middle East Limited
Main Branch
Airport Road
Tel: (+974) 442 4722
Fax: (+974) 425 4253
Website: http://www.hsbc.com.qa
Email: contact form available on website
Standard Chartered
Main Branch
Abdulla Bin Jassim Street
Tel: (+974) 465 8555
Fax: (+974) 443 0390
Website: http://www.standardchartered.com.qa
Email: contact form available on website
Masraf Al Rayan
Main Branch
Grand Hamad Street
Tel: (+974) 425 3333
Fax: (+974) 425 3312
Website: http://www.alrayan.com
Email: info@alrayan.com
Barwa Bank
Main Branch
Grand Hamad Street
Tel: (+974) 800 8555
Fax: (+974) 448 8889
Website: http://www.barwabank.com
Email: customerservice@barwabank.com
Al Khaliji Bank
Main Branch
Asia Street 60, West Bay
Tel: (+974) 494 0000
Fax: (+974) 494 0808
Website: http://www.alkhaliji.com
Email: info@alkhaliji.com

List of banks in Argentina full list

1.
ABN AMRO Asset Management
2.
American Express Bank Ltd S.A.
3.
Banco B.i Creditanstalt S.A.
4.
Banco Bisel
5.
Banco Bradesco Argentina S.A.
6.
Banco Central de la República Argentina
7.
Banco Cetelem ArgentinaS.A.
8.
Banco Ciudad de BuenosAires
9.
Banco Cmf S.A.
10.
Banco Cofidis S.A.
11.
Banco Columbia
12.
Banco Comafi
13.
Banco Credicoop
14.
Banco Credicoop Cooperativo Limitado
15.
Banco de Balcarce S.A.
16.
Banco de Entre Rios S.A.
17.
Banco de Inversion y Comercio Exterior S. A.
18.
Banco de la Nacion Argentina
19.
Banco de La Pampa
20.
BANCO DE LA PAMPA
21.
Banco de la Provincia de Buenos Aires
22.
Banco de la Provincia de Buenos Aires
23.
Banco de Tierra de Fuego
24.
Banco de Valores SA
25.
Banco del Buen Ayre
26.
Banco Francés
27.
Banco Galicia y Buenos Aires S.A.
28.
Banco General de Negocios S.A.
29.
Banco Hipotecario
30.
Banco Hipotecario S.A.
31.
Banco Itaú
32.
Banco Julio S.A.
33.
Banco Macro S.A.
34.
Banco Mariva
35.
Banco Mercurio S.A.
36.
BANCO MUNICIPAL DEROSARIO
37.
Banco Patagonia S.A.
38.
Banco Piano
39.
Banco Privado de Inversiones S.A.
40.
Banco Regional de CuyoS.A.
41.
Banco Río
42.
Banco Saenz S.A.
43.
Banco Sudameris Argentina S.A.
44.
Banco Supervielle
45.
Banco Suquia S.A.
46.
Bank Leumi
47.
Bank of America, NA
48.
Bank of Tokyo-mitsubishi Ufj
49.
BankBoston
50.
Banque Nationale de Paris Argentina
51.
Banque Safdie
52.
Bansud
53.
Barclays Bank Plc
54.
Barclays Wealth
55.
Bica Cooperativa de Emprendimientos Múltiples Limitada
56.
BNP Paribas
57.
C.C.C. La Capital de Plata
58.
Citibank (Argentina)
59.
Citibank Argentina
60.
Clariden Bank SA
61.
Corp Banca S.A.
62.
Credilogros Compania Financiera SA
63.
Credit Suisse (Investment Banking)
64.
DaimlerChrysler Financiera
65.
Deutsche Bank Argentina S.A.
66.
E-Galicia.com
67.
Fiat Credito Compania Financiera
68.
Ford Credit Compania Financiera
69.
GE Money Bank GmbH
70.
Goldman Sachs Argentina L.L.C.
71.
HSBC
72.
ING Bank N.V. -Branch
73.
Israel Discount Bank Ltd.
74.
JOHN DEERE CREDIT COMPAÑIA FINANCIERA
75.
JPMorgan Chase Bank, National Association
76.
Lloyds Bank
77.
Masventas S.A CompaniaFinanciera
78.
MBA Banco de Investitiones
79.
Nuevo Banco Bisel S.A.
80.
Nuevo Banco de Chaco S.A.
81.
Nuevo Banco de la RiojaS.A.
82.
Nuevo Banco de Santa Fe
83.
Nuevo Banco Industrial de Azul
84.
RCI Banque
85.
Schroder Mildesa Investment Management S.A.
86.
Standard Bank
87.
Standard Chartered Bank
88.
Toyota Compania Financiera de ArgentinaS.A

Debenture

A long-term debt instrument issued by corporations or governmentsthat is backed only by the integrity of the borrower, not by collateral. A debenture is unsecured and subordinate to secured debt. A debenture is unsecured in that there are no liens or pledges on specific assets

Day Order

An order that is valid only for the day it is entered. If the order is still outstandingwhen the market closes, it will be purged overnight.

Daily Price Limit

The maximum price advance or decline permitted for a futures contract in one trading session compared to the previous day's settlement price

Cyclical Stock

A stock of a company in an industry sector that is particularly sensitive to swings in economic conditions