Banking News
- Bankers to Flood Capitol Hill as Dodd Releases Overhaul Bill Saturday, March 13, 2010 @ 5:38AMMarch 13 (Bloomberg) -- About 900 bankers will converge on Capitol Hill next week for a conference that lobbyists say will give them a chance to speak out against a proposed consumer protection agency as Senate Banking Committee Chairman Christopher Dodd unveils financial regulation legislation.
- State agricultural entities to celebrate National Ag Day Saturday, March 13, 2010 @ 5:36AMCOLUMBIA -- Agribusinessmen, agricultural associations, corporations, universities, government agencies, FFA members and others will celebrate National Ag Day on March 20, according to John W. Parris, state director of public affairs with the S.C. FFA organization.
- Countybank wants new building to be environmentally friendly Saturday, March 13, 2010 @ 5:36AMMany local residents likely recognize Countybank by its distinctive green color scheme. Following a Friday announcement from Countybank president and CEO R. Thornwell Dunlap III, "green” is now set to be more than just a color for the banking operation.
- Brian Pitman, Former Lloyds Chief, Dies at 78 Saturday, March 13, 2010 @ 5:33AMMr. Pitman, who was conservative in his approach, helped his institution grow through acquisitions and a merger with TSB.
- Market Snapshot: U.S. stock investors to use data as a road map Saturday, March 13, 2010 @ 5:25AMWhile markets continue to search for clear direction, investors will watch for surprises in economic reports, possible M&A deals.
- History Day winners advance Saturday, March 13, 2010 @ 5:23AMDozens of students from across the region took top honors Friday in the National History Day competition at Missouri Southern State University. “Innovation in History: Impact and Change” was this year’s theme.
- Banks, insurance companies should be restructured Saturday, March 13, 2010 @ 5:20AMSuppose we stopped pretending the corpse is breathing.
- Banks see big jump in complaints for second year in row Saturday, March 13, 2010 @ 5:13AMComplaints to the Better Business Bureau were up nearly 10 percent last year, with the banking industry seeing the biggest jump in unhappy customers. Nationwide, complaints about banks spiked 42 percent to 29,920 in 2009, according to the annual report released this week by the BBB. That made banks the third-most-complained-about industry, after cell phones and cableand satellite-TV providers.
- Regulators seize Old Southern Bank, 1st Orlando bank failure in 20 years Saturday, March 13, 2010 @ 5:13AMDespite a last-hour attempt to fend off insolvency, Old Southern Bank failed Friday, becoming the first Orlando-based community bank to succumb in nearly 20 years and only the second since the Great Depression.
- As bull market turns 1, is it time to party, or worry? Wednesday, March 10, 2010 @ 4:41AMNEW YORK — It is hard to kill a bull market in its first year of life. The last time a baby bull was buried on Wall Street before celebrating its first birthday was during the Great Depression.
- China May Raise Rates ‘Within Weeks’ as Prices Climb (Update1) Wednesday, March 10, 2010 @ 4:38AMMarch 10 (Bloomberg) -- China’s inflation accelerated in February, according to a survey of economists, and exports climbed in the month, increasing the likelihood of the central bank raising interest rates from a five-year low.
- Austrians Divided on Chancellor Faymann Wednesday, March 10, 2010 @ 4:27AM(Angus Reid Global Monitor) - People in Austria are split in their appreciation of Werner Faymann, according to a poll by OGM. 45 per cent of respondents express confidence in the current chancellor and Social-Democratic Party of Austria (SPO) leader, whereas 46 per cent say they have no confidence in him, up two points since November.
- Ritz-Craft calls back workers Wednesday, March 10, 2010 @ 4:24AMOne Valley modular home builder has recalled up to 50 percent of its furloughed workers, and another plans to bring back three laid-off employees and hire 12.
- Griffon Corp, a Very Rugged Cockroach Wednesday, March 10, 2010 @ 4:19AMSo simple and so crude - yet so very effective. The cockroach is hard to kill and fit for any environment. In markets, we also have cockroaches. One of the types would be the holding company with lots of cash...
- Poor communication skills cost BIR case Saturday, February 20, 2010 @ 2:25PMThe Bureau of Internal Revenue (BIR) lost a multimillion-peso case against a local bank as a result of poor communication skills that prompted the Supreme Court (SC) to admonish it.
- Council approves emergency bank for city funds Saturday, February 20, 2010 @ 2:22PMThe Boone City Council met for its regular meeting on Monday, Feb. 15, where it took action on several issues.
- Pastor connects with technology Saturday, February 20, 2010 @ 2:21PMEdwardsville’s Eden United Church of Christ has more than 400 friends on Facebook and with the addition of its new associate pastor, Michael Marx, Sr., it hopes to reach even more people online.
- CBK governor meets French counterpart in Paris Saturday, February 20, 2010 @ 2:00PM20 February 2010 KUWAIT -- Governor of the Central Bank of Kuwait Central Bank of Kuwait (CBK) (CBK) Seikh Salem Abdulaziz Al-Sabah met with Governor of the Banque de France Christian Noyer to discuss issues of mutual concern.
- Mutual of Omaha: former Marco Community Bank to reopen today Saturday, February 20, 2010 @ 1:42PMMutual of Omaha Bank has agreed to acquire from the Federal Deposit Insurance Corporation (FDIC), as receiver of Marco Community Bank, substantially all of the loans and assume substantially all of the deposits of the failed Marco Community Bank in Marco Island, the company announced.
- The stock is trading south of two key trendlines, but holding steady above a key chart region Wednesday, February 10, 2010 @ 6:53PMPut volume has ramped up today on EMC Corporation (EMC: sentiment, chart, options), with 7,235 of these bearishly oriented contracts crossing the tape so far...( Read More )
- The Hindu Business Line : Capital inflows may pose a challenge: Gokarn Wednesday, February 10, 2010 @ 6:50PMIndia needs to see a large amount of frontloading of investment in infrastructure, and a lot of it will come from outside because of the fiscal constraints, the RBI Deputy Governor, Mr Subir Gokarn, has said.
- The Hindu Business Line : India must engage with Iran despite US sanctions Wednesday, February 10, 2010 @ 6:49PMThe general perception among Indian industry is that the country should engage with Iran as it makes immense business and political sense. Teheran is also seeking investment to upgrade its infrastructure. In return, it is offering assured LNG supply on a long-term basis.
- The Hindu Business Line : Bank deposits, a major draw still Wednesday, February 10, 2010 @ 6:48PMBanks appear to be facing a problem of plenty as far as deposits go. Despite the fact that inflation-adjusted returns are currently negative, investors are still seeking sanctuary in fixed deposits as their appetite for equities is still low.
- Smokefree Innotec European Subsidiary Obtains Agreement for $425,000 Line of Credit Tuesday, January 26, 2010 @ 11:59PMNASHVILLE - Smokefree Innotec, Inc. ( http://www.sfio.us or http://www.realsmokefree.com ) announced today that it has been confirmed that the KBC Bank of Brussels, Belgium, has conditionally agreed to open a secured credit line of 300,000 Euros (US$425,000), valid until June 30, 2013 for Smokefree Innotec Bvba, the Belgian subsidiary of ...
- Australia’s November Westpac Leading Economic Index Rose 1% Tuesday, January 26, 2010 @ 11:58PMJan. 27 (Bloomberg) -- Growth in an Australian index of leading economic indicators accelerated in November to the fastest annual pace in two years, underscoring the central bank’s decision to boost borrowing costs three times last year.
- Bernanke Rounds Up Senate Confirmation Votes With Phone Calls Tuesday, January 26, 2010 @ 11:58PMJan. 26 (Bloomberg) -- Federal Reserve Chairman Ben S. Bernanke juggled an interest-rate meeting with phone calls to senators as he rolled up more support for a confirmation vote Majority Leader Harry Reid said may take place Jan. 28 or 29.
- Is the Super Bowl losing its grip on the ad world? Tuesday, January 26, 2010 @ 11:57PMNEW YORK/CHICAGO, Jan 26 (Reuters) - The Super Bowl is still the prize of the advertising world, with companies paying up to $3.2 million for 30 seconds of commercial time, but more and more critics are questioning whether the pro football championship game is worth it.
- (AFX UK Focus) 2010-01-26 23:31 Malaysia-Market factors to watch Jan 27 Tuesday, January 26, 2010 @ 11:57PMKUALA LUMPUR, Jan 27 (Reuters) - Following is a list of events in Malaysia as well as news stories and press reports which may influence financial markets.
- Yen Near Nine-Month High Amid Signs Global Recovery Will Slow Tuesday, January 26, 2010 @ 11:56PMJan. 27 (Bloomberg) -- The yen traded near a nine-month high against the euro on concern the global economic recovery will slow, increasing demand for Japan’s currency as a refuge.
- Prager moves on up Monday, January 25, 2010 @ 10:23AMOn Jan. 1 Prager Moving & Storage Company, a multi-generation family-owned business, became an agent for Atlas Van Lines. Prager was rolled out in 1954 with three trucks and 3,000 feet of storage space. In 2001, it constructed a 106,500-square-foot storage facility, which offers around-the-clock security to provide a home away from home for valued possessions. With a staff of more than 75 ...
- Simon Johnson: Crackdown on banks is overdue Monday, January 25, 2010 @ 10:23AMWASHINGTON – At last the Obama administration seems to be contemplating a decisive move against America’s banking elite. Following the recent electoral setback in Massachusetts, the proposals laid down by former Federal Reserve Chairman Paul Volcker to reduce the market power of banks are being dusted off.
- U.K.’s Myners Says Voters Are Right to Be Angry With Bankers Monday, January 25, 2010 @ 10:23AMJan. 25 (Bloomberg) -- U.K. Treasury minister Paul Myners said voters are right to be angry with bankers after the bailouts of 2008 were followed by bonus payouts.
- White House, Top Republican Say Bernanke to Keep Job (Update1) Monday, January 25, 2010 @ 10:22AMJan. 25 (Bloomberg) -- Ben S. Bernanke will keep his job as Federal Reserve chairman, the White House and the Senate’s senior Republican predicted two days after wavering support among some Democrats helped drive stock prices lower.
- Services Held for Bob Vossbrink, Prominent Banker, Civic Leader Monday, January 25, 2010 @ 10:22AMFuneral services were held Tuesday for Robert L. Vossbrink, a prominent Washington banker and tireless civic worker for nearly 60 years. He was 81 years old.
- India’s Stocks Fall, Posting Longest Losing Streak in 12 Weeks Monday, January 25, 2010 @ 10:21AMJan. 25 (Bloomberg) -- Indian stocks fell for a fifth day, the longest losing streak in 12 weeks, as commodities producers and financial companies sank on concern a planned U.S. overhaul of banking rules will halt the global rally in equities.
- A Plus trustees discuss Kroger buy Monday, January 25, 2010 @ 10:21AMFor the second time within two weeks, the Academics Plus Charter School board of trustees held an emergency meeting on Jan. 18.
- HSBC Names Anita Fung Head Of Global Banking & Markets, Asia-Pacific Monday, January 25, 2010 @ 10:18AMHSBC Names Anita Fung Head Of Global Banking & Markets, Asia-Pacific
- Obama steps up campaign against Wall Street banks Thursday, January 21, 2010 @ 7:49PMPresident Barack Obama approaches the podium in the Executive Office Building on the White House campus in Washington, Wednesday, Jan. 20, 2010, before signing a presidential directive ordering a new ...
- Stock market plummeting following Obama announcement Thursday, January 21, 2010 @ 7:49PMStock market plummeting following Obama announcement
- Tax credit deadline pushing buyers, sellers Thursday, January 21, 2010 @ 7:49PMHome buyer tax credits are giving the local real estate market a winter jump.
- Financial Times FT.com Thursday, January 21, 2010 @ 7:48PMFor Glass-Steagall in the 1930s, read the Volcker Rule for a new decade. Instead of the crude separation of commercial and investment banking, we will now see an equally crude split of the banking business from proprietary trading, hedge funds and private equity.
- Obama takes on banks with new Glass-Steagall act Thursday, January 21, 2010 @ 7:48PMPresident Obama targets Wall Street with reforms that echo classic Depression-era legislation that prevented commercial banks from making risky trades
- Aid Is Getting Through To Desperate Haitians Monday, January 18, 2010 @ 11:34PMDespite the news that much-needed aid isn’t getting through, TEAR Fund’s partners are well underway with their distribution of food, water, and medical aid.
- IBM offers Lotus collaboration consulting services Monday, January 18, 2010 @ 11:30PMLotusphere 2010: IBM will offer customers new consulting services to give them an idea of which Lotus collaboration tools to adopt.
- GFM Resources Limited: Debt Settlement Monday, January 18, 2010 @ 11:26PMVANCOUVER, BRITISH COLUMBIA--(Marketwire - Jan. 18, 2010) - GFM Resources Limited (TSX VENTURE:GFM.H) ("GFM" or "the Company") has settled a debt of $93,255 owed to majority shareholder Grupo Ferrominero, S.A. de C.V. ("Grupo") through the issuance of 221,749 common shares at an average price of $0.43 per share. The debt settled relates to cash advances made by Grupo during December 2006 and ...
- Ballroom Blitz Monday, January 18, 2010 @ 11:24PMDOWNTOWN LOS ANGELES - At first glance, a hotel ballroom does not seem very glamorous. It brings to mind staid business meetings, rubber chicken and maybe a bar mitzvah or wedding celebration.
- GFM Resources Limited: Debt Settlement Monday, January 18, 2010 @ 11:24PMVANCOUVER, BRITISH COLUMBIA-- - GFM Resources Limited has settled a debt of $93,255 owed to majority shareholder Grupo Ferrominero, S.A. de C.V. through the issuance of 221,749 common shares at an average price of $0.43 per share.
- First Defiance Financial Corp. Announces 2009 Fourth Quarter and Full Year Earnings Monday, January 18, 2010 @ 11:24PMFirst Defiance Financial Corp. today announced that net income for the fiscal year ended December 31, 2009 totaled $8.3 million, or $.76 per diluted common share compared to $7.4 million or $.91 per diluted common  share for the year ended December 31, 2008.
- ET in the classroom: For banks, asset delivery is the key Monday, January 18, 2010 @ 11:20PMET in the classroom: For banks, asset delivery is the keyET in the classroom: For banks, asset delivery is the key
- Financial stocks weaken after J.P. Morgan results Friday, January 15, 2010 @ 4:06PMNEW YORK (MarketWatch) -- Shares of U.S. financial stocks weakened in pre-open trading Friday after J.P. Morgan Chase & Co. kicked off earnings season for the banks with a mixed picture of the sec...