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Becky Barrow, Daily Mail 2 December 2009, 7:32am The radical proposal will see the embattled network transformed into a People's Bank offering every sort of account from current to children's savings. Full Article at This Is Money
Business Secretary Lord Mandelson said growing financial services would help secure the future of the postal network, which has suffered a wave of closures in recent years. Full Article at Metro.co.uk
Zhou Xiaochuan, Governor of the People's Bank of China gestures during a press conference after he signed a trade financing agreement between China and Hong Kong in Hong Kong Monday, June 29, 2009. View Photo »
The People's Bank of China's Mr. Su downplayed the recent surge in money-supply growth. Annual growth in the broad M2 measure of money supply hit a record 28.5% in August, the third month in a row that it grew by more than 28%. Su downplayed fears of money-supply-driven inflation.
Millions more people on lower incomes will be able to open a bank account, get a mortgage and qualify for cheaper direct debit fuel tariffs under government plans being unveiled today to turn the Post Office into the "People's Bank". Full Article at Guardian Unlimited
Reader comments (1) The world's first 'Post Bank' was founded here in 1861, and the Business Secretary argues it's time for us to return to our roots. Full Article at This Is Money
December 1, 2009 5:00 PM EST Net Revenues Increased 45% YoY and 10% QoQ to US$186.3 Million Non-GAAP Operating Income Increased 58% YoY and 13% QoQ to US$72.6 Million Non-GAAP Diluted Earnings per ADS US$0.24 -- Net revenues increased 45%... Full Article at Street Insider
Zhou Xiaochuan, Governor of the People's Bank of China gestures during a press conference after he signed a trade financing agreement between China and Hong Kong in Hong Kong Monday, June 29, 2009. View Photo »
A vice-governor with the People's Bank of China said money would flow in from a rebound in the country's trade surplus as well as from investors betting on yuan appreciation ...
An agreement allowing banks in Taiwan and China to engage in direct currency trading is expected to be signed soon to help cut operating costs and reduce counterfeiting, according to a visiting Chinese banker. Full Article at China Post
Taiwan shares closed up 0.88 percent yesterday, recovering from earlier losses thanks to a rally in financial stocks, dealers said. The weighted index rose 67.02 points to 7,649.23 on turnover of NT$115.09 billion (US$3.6 billion). Full Article at eTaiwan News
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Workers paint on a wall in central Shanghai October 23, 2009. China's corporate goods price index in September dropped 5.9 percent from a year earlier, compared with August's fall of 7.1 percent, the People's Bank of China said on Thursday.
View Photo »A woman eats an orange next to a stand displaying counterfeit sunglasses for sale in central Shanghai October 23, 2009.
View Photo »A bicycle loaded with empty water bottles is seen parked on a sidwalk in central Shanghai October 23, 2009. China's corporate goods price index in September dropped 5.9 percent from a year earlier, compared with August's fall of 7.1 percent, the People's Bank of China said on Thursday.
View Photo »Federal Reserve Chairman Ben Bernanke, left, shake hands with Governor of the People's Bank of China Zhou Xiaochuan before a meeting with China's Vice Premier Wang Qishan, center, at the conclusion of the U.S.-China Strategic and Economic Dialogue, in Washington, Wednesday, July 29, 2009.
View Photo »Treasury Treasury Timothy Geithner, left, hosts a meeting of the U.S.-China Strategic and Economic Dialogue with China's Vice Premier Wang Qishan, center, Tuesday, July 28, 2009, at the Treasury Department in Washington.
View Photo »Secretary of State Hillary Rodham Clinton, third from right, and Treasury Secretary Treasury Timothy Geithner, second from right, host the first joint meeting of the U.S.-China Strategic and Economic Dialogue in Washington, Monday, July 27, 2009.
View Photo »A building worker mixes cement at a new construction site in Beijing's financial district June 2, 2009.
View Photo »In this photo released by Colombia's Presidential Press Office, Colombia's President Alvaro Uribe, right, shakes hands with Zhou Xiaochuan, the governor of the People's Bank of China, at the annual Inter-American Development Bank meeting in Medellin, Colombia, Sunday, March 29, 2009.
View Photo »In this Nov. 27, 2008 file photo released by China's Xinhua News Agency, a Chinese flag flutters in front of the headquarters of the People's Bank of China (PBOC) in Beijing.
View Photo »A customer exchanges USD notes at a bank in Beijing on March 24, 2009. China's central bank said it wants to replace the USD as the international reserve currency with a new system run by the International Monetary Fund (IMF).
View Photo »A customer exchanges USD notes at a bank in Beijing on March 24, 2009. China's central bank said it wants to replace the USD as the international reserve currency with a new system run by the International Monetary Fund (IMF).
View Photo »Zhang Ping (R), Chairman of the National Development and Reform Commission answers a question as Zhou Xiaochuan (L), governor of the People's Bank of China listens at a press conference of the annual National People's Congress (NPC) at the Great Hall of the People in Beijing on March 6,...
View Photo »A man walks on an overpass Jianguo Road near office buildings in Beijing's central business district, January 6, 2009.
View Photo »Vehicles drive Jianguo Road in Beijing's central business district, January 6, 2009. Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, in spite of a downturn in the real estate market, a central bank official said on Tuesday.
View Photo »A man walks on an overpass on Jianguo Road near office buildings in Beijing's central business district January 6, 2009.
View Photo »Construction workers build a new wall at the entrance to a construction site where a new high end residential project is being built in down town Shanghai January 6, 2009.
View Photo »A construction worker builds up scaffolding at the entrance to a construction site where a new high end residential project is being built in down town Shanghai January 6, 2009.
View Photo »Construction workers build a new wall at the entrance to a construction site where a new high end residential project is being built in down town Shanghai January 6, 2009.
View Photo »A migrant construction worker checks heights at a construction site where a new high end residential project is being built in down town Shanghai January 6, 2009.
View Photo »A man walks past a billboard showing real estate advertisement in Beijing January 6, 2009. Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, in spite of a downturn in the real estate market, a central bank official said on Tuesday.
View Photo »A worker reinforces the scaffolds at a construction site in Beijing January 6, 2009. Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, in spite of a downturn in the real estate market, a central bank official said on Tuesday.
View Photo »A worker moves the scaffolds at a construction site in Beijing January 6, 2009. Delinquency rates on Chinese banks' property loans remain low, especially for residential mortgages, in spite of a downturn in the real estate market, a central bank official said on Tuesday.
View Photo »A South Korean bank clerk works next to bundles of foreign currencies at the head office of Korea Exchange Bank in downtown Seoul, South Korea, Friday, Dec. 12, 2008. South Korea's central bank says it has established a new currency swap agreement with the People's Bank of China.
View Photo »A South Korean bank clerk works with bundles of foreign currencies at the head office of Korea Exchange Bank in downtown Seoul, South Korea, Friday, Dec. 12, 2008. South Korea's central bank says it has established a new currency swap agreement with the People's Bank of China.
View Photo »A woman eats an orange next to a stand displaying counterfeit sunglasses for sale in central Shanghai October 23, 2009.
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