http://www.bankingtimes.co.uk Daily Banking News at Banking Times, the UK's leading independent banking news publication. Fri, 04 Jul 2008 10:44:24 +0000 http://backend.userland.com/rss092 en Isabel Guerrero has been appointed by the World Bank's president, Robert Zoellick, to serve as the South Asia Region's vice president. Guerrero leaves behind her previous New Delhi-based job as country director for India to assume her new role. She joined the organisation 26 years ago, and early in her career worked ... http://www.bankingtimes.co.uk/04072008-guerro-appointed-south-asia-director/ UniCredit Markets & Investment Banking (MIB) has announced the appointment of Mike Hammond and TJ Lim as co-heads of Markets. Hammond first joined MIB in August of last year, leaving behind Merrill Lynch, where he held a range of senior positions. He brings more than two decades of experience to his new ... http://www.bankingtimes.co.uk/04072008-unicredit-appoint-hammond-and-lim-as-market-heads/ The European Central Bank (ECB) yesterday revealed its decision regarding monetary policy in the eurozone. Effective from 9 July, the lowest possible bid rate on refinancing operations of the Eurosystem rises to 4.25%, an increase of 25 basis points. On the same date the marginal lending facility interest rate also increases by ... http://www.bankingtimes.co.uk/04072008-ecb-increases-interest-rates-by-25-basis-points/ German printers Giescke & Devrient have taken the decision to stop providing the Reserve Bank of Zimbabwe with banknote paper. The move, which came into effect on Tuesday, comes in response to the growing worldwide condemnation of Robert Mugabe. The European Union and United Nations have both called for sanctions, and the ... http://www.bankingtimes.co.uk/03072008-printers-stop-providing-zimbabwe-with-banknote-paper/ JPMorgan and Shell Asset Management Company (SAMCo) have reached an agreement whereby JPMorgan will offer a global provision to service Shell's corporate pensions and insurance plans, with combined assets of over $70bn. JPMorgan will offer a range of advanced services, providing fund accounting and administration and certain securities lending services, for ... http://www.bankingtimes.co.uk/03072008-jpmorgan-strikes-deal-with-samco/ The president of the World Bank, Robert Zoellick, has urged the leaders of the wealthiest nations in the world and the biggest oil producers to take action at once to stem the ever rising cost of food and energy. Zoellick described the world as entering a danger zone, and made his ... http://www.bankingtimes.co.uk/03072008-world-bank-10bn-needed-to-combat-food-crisis/ Deutsche Bank, Fortis and ABN AMRO have announced that they have reached an agreement whereby Deustche Bank will acquire certain parts of ABN AMRO. The German firm will gain a portion of ABN's commercial banking activities within the Netherlands, for a cost of €709m. The businesses involved in the transaction are part ... http://www.bankingtimes.co.uk/03072008-deutsche-bank-acquires-parts-of-abn-amro/ The corporate and investment banking division of South African firm Standard Bank has expanded its geographical reach by opening a custody service in Mauritius. The move has been made due to an increasing interest amongst foreign investors in the Mauritian market, combined with growing investment activity on a local level. Custody services ... http://www.bankingtimes.co.uk/02072008-standard-bank-offers-custody-services-in-mauritius/ Yesterday the board of French Bank BNP Paribas met, chaired by Michel Pébereau. The board agreed to an important reshuffle of general management on a motion of Baudouin Prot, and made a number of key appointments. The board also decided upon a new executive committee composition as a result of the reshuffle. CEO ... http://www.bankingtimes.co.uk/02072008-bnp-paribas-reshuffles-senior-positions/ St Petersburg is to be the site of a new Deutsche Bank representative office. Private wealth management and global transaction banking support will be on offer to clients from the new office. Deutsche Bank presently has a single office in Russia, located in Moscow, which has been in operation for the last ... http://www.bankingtimes.co.uk/02072008-deutsche-bank-opens-second-russian-office/