People's Bank of China Looking to Diversify Into Precious Metals?
The China Daily, citing another newspaper, the New Century Weekly, says that the Chinese government will diversify its massive $3 trillion dollar foreign reserve stockpiles into investment funds designed to invest in precious metals and oil. New Century says that it got this information from confidential sources inside the Chinese central bank, which is concerned about the continued devaluation of the U.S. dollar and wants to preserve the future buying power of its reserves.Read More...
Top CD and Money Market Rates at The Peoples Bank of Bullitt County in Kentucky - Local Only.
The Peoples Bank of Bullitt County is offering competitive rates on CDs and its money market account. For a $1,000 minimum deposit, the best CD deals include a 2.01% APY 2-year CD, a 2.52% APY 4-year CD and a 2.77% APY 5-year CD. There's also a very competitive 9-month CD rate of 1.76% APY for a $100,000 minimum deposit. The rates for smaller deposits are also competitive: 1.51% APY for $50,000 and 1.26% APY for $10,000. Read More...
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Miss. bank wins national award - Jackson Clarion-Ledger Peoples Bank of Mendenhall has been named the U.S. Small Business Administration Small Lender of the Year for the nation. It's the first time a Mississippi lender has received a national honor. “In our role as a true community bank, we work diligently Read More...
Bank Negara To Set Up Representative Office In Beijing
Bank Negara Malaysia will establish a representative office in Beijing, China, which will serve as an important liaison point with China's regulators and market players. It will also facilitate the conduct of market research on China's economic and financial developments. Governor of the People's Bank of China Zhou Xiaochuan and Bank Negara Malaysia Governor Tan Sri Dr Zeti Akhtar signed an agreement to facilitate the setting up of the representative office. Read More...
Peoples Financial Corporation Earnings Total $438,000 in First Quarter of 2011
Peoples Financial Corporation (NASDAQ Capital Market: PFBX), parent of The Peoples Bank, earned $438,000 in the first quarter of 2011, compared to a loss of $1,197,000 in the last quarter of 2010, announced Chevis C. Swetman, Chairman and Chief Executive Officer of the holding company and the bank. Read More...
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