savings bank

He fought an elevated-railway company and he campaigned for savings banks to be allowed to provide life insurance for poor people.

And with the world awash with savings, banks ought to be able to raise new capital privately and continue lending.

Sales of the stakes the savings banks hold in Spanish companies and takeovers of laggards by the healthier ones could fund some of that.

During the 1980s savings banks were in a great state of flux, and many began to provide the same kinds of services as commercial banks.

In German cities, one cannot turn the corner without coming upon one of the immensely popular savings banks, called Sparkassen.

Before, mortgages were made by local savings banks, to which the borrower made payments until the loan was repaid.

The bottom layer is mostly made up of savings banks that are either too small or too weak to tap longer-term funds.

The move to allow people began to have misgivings about savings banks.

Four Spanish savings banks announced plans to merge, in the latest attempt to restructure the country's financial sector.

Proposals that the savings banks combine to start a commonly owned online bank have so far got nowhere.

Some savings banks, often perceived by the public as safer than commercial banks, are witnessing fresh customer interest.

But, besides worries about hidden bad loans held by savings banks, investors see lack of growth as the main problem.

Savings banks, too, are often seen as local development banks by their municipal bosses, with little concern for profit.

The Spanish government is rushing to shrink and fortify its network of savings banks known as cajas.

But WestLB is owned by two regional savings-banks associations, which might balk at its buying its own Sparkasse.

All banking regulatory bureaus, policy banks, state-owned commercial banks, joint-stock commercial banks and postal savings banks.

Germany needs only one to manage cash and settlements for its savings banks but the state premiers have resisted pressure for mergers.

Central governments established accessible postal savings banks, whereby small savers could bank at any post office.

Civic groups founded hundreds of savings banks that enabled the masses to save by accepting small deposits.

By contrast, the Austrian savings banks, led by Erste, have managed to set up such an institution, called netbanking.

Unlisted savings banks in Spain, Germany and the U. K. may face particular problems.

From unemployment and low productivity growth, and from troubled savings banks to creaky public finances, the problems are piling up.

A string of banking scandals has muffled this message: seven mutual savings banks had their operations suspended in September.

It has lowish public debt but some fear it cannot afford to bail out its crippled savings banks.

Spain's unlisted savings banks, or cajas, are typically in a much worse condition than the big listed firms.

On September 30th the state took over three savings banks, or cajas, valuing their equity at close to zero.

The savings banks accept none of this.

Finance Committee, the spirit of "bad savings banks to exit the market" principle, ordered the savings bank business.

La Caixa, one of Spain's largest savings banks, is pioneering the use of land for affordable housing.

Analysts say the banks most likely to fail are Germany's state-owned lenders and Spanish savings banks.

The savings banks are working on a joint bid for Bankgesellschaft Berlin and its subsidiaries.

To inculcate thrifty habits in the young, governments also instituted school savings banks.

Only the strongest savings banks will survive in their present form, he warns.

International Online News: South Korea Busan occurred more than 21 customers savings banks "run phenomenon. "

The Victorians spotted that state-run savings banks were a cheap way to finance government spending.

A good example is the Spanish recapitalisation of the savings banks.

Provisions are around 30% of souring real-estate assets for those savings banks that are involved in mergers.

But takeovers in the other direction are not possible: the savings banks are protected by local laws.

Germany's savings banks, the Sparkassen, are still largely state-controlled.

He is attempting something similar in Spain where he has bought one of the country's mutually-owned regional savings banks, Banca Civica.

At savings banks, which lend mainly to individuals and small businesses, they fell.

Savings banks, or Sparkassen, account for about half of all German savings deposits (see chart below).

The problems of Spain's savings banks suggest that pain can be delayed but not avoided.

But the savings banks also supplied about half of the 318 billion borrowed by Spain's property developers.

L: The savings banks offer a choice of three, six or twelve - month maturities in most cases.

This is already happening in Spain and will put intense pressure on the savings banks, which account for about half of the banking system.

Now it has to rescue the savings banks, called cajas, and the municipalities.

The government has had to rescue CajaSur, a small savings bank, and four other savings banks have chosen to join forces.

A Lingling post office armored car set off as usual on the morning of June 1 to collect funds from postal savings banks around town.

And Spain's troubled savings banks show that when many small banks stumble they can cause as much trouble as one big one.

Should the savings banks be embraced by investors, or avoided?

SPAIN'S unlisted savings banks, or cajas, are facing their own revolution.

SPAIN'S savings banks, or cajas, have survived for nearly 200 years without the help of shareholders.

Savings banks (cajas) are undergoing a thorough restructuring: complex mergers to cut costs have shrunk their number from 45 to 17.

Savings banks receiving state funds are closing 10-30% of their branches, which will cost money in the short run.

One small consolation, say the commercial banks, is that Spain's unlisted savings banks, or cajas, are generally doing even worse.

Some people call them Savings Banks, but they are technically not banks .

It makes the woes of Spanish savings banks seem almost tame.

South Korea's financial regulator halted operations of four more savings banks for six months because they lacked liquidity.

Thebanks, especially the savings banks, are sitting on a pile of badloans.

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