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2 hrs ago | The Times-Herald

Condo loans made 6 weeks before bank was closed

Legal papers filed in Coweta County Superior Court on Tuesday show that just six weeks before being seized and closed by bank regulators, Newnan-based Neighborhood Community Bank made real estate loans totaling $2,549,109 for the purchase of condominiums in Panama City, Fla.

Comment?

Related Topix: Coweta County, GA, Newnan, GA, Financial Services, West Point, GA

6 hrs ago | Toledo Blade

Defiance-based Rurban loses $8.1M in quarter, cancels spin-off

Rurban Financial Corp. on Thursday reported a big second-quarter loss and reduced revenues, and said it was canceling a long-planned spin-off of its data-services subsidiary.

Comment?

Related Topix: Defiance, OH, Financial Services

10 hrs ago | KTVK Phoenix

8 hurt when LA commuter train and MTA bus collide

Authorities say eight people are hurt after a Metro Blue Line commuter train and a city bus collided south of downtown Los Angeles.

Comment?

Related Topix: Train Disaster, Los Angeles, CA, Financial Services, Broadway Financial

14 hrs ago | Inside Bay Area

Bay Biz Buzz: Cisco trading halted by circuit breakers

Cisco Systems Inc. stock was halted for five minutes following a 100-share trade on NYSE Amex that drove the shares up more than 10 percent, triggering a circuit breaker implemented after the May 6 market crash.

Comment?

Related Topix: Telecom, Computers, Cisco Systems, Startups, Manufacturing, Automakers, Financial Services, Citigroup, San Francisco, CA, Visa Inc.

18 hrs ago | MarketWatch

Mutual Funds Weekly: Gold bugs swatted as investors picnic on stocks

Don't miss these top money and investing columns: Gold bugs were swatted this past month like so many mosquitoes.

Comment?

Related Topix: Mutual Funds, Personal Finance, Financial Markets, Financial Services

Thu Jul 29, 2010

MarketWatch

Financial Stocks: Financials post moderate gains; Ameriprise up 12%

Shares of U.S. financial companies closed moderately higher Thursday, buoyed by big gains by Ameriprise Financial Inc.

Comment?

Related Topix: Financial Markets, Insurance, Financial Services, Investment Services, Lincoln National, Torchmark Corporation, Zions Bancorporation

Kdka.com

New York Fed: Toxic Assets From AIG Gaining Value

Share + Jul 29, 2010 7:03 pm US/Eastern Timeline: U.S. Credit Crunch & Financial Failures WASHINGTON 1 of 1 The Pine Street headquarters of American International Group Inc.

Comment?

Related Topix: Insurance, American International Group, Investment Banking, Financial Services, Bear Stearns, Investment Services, Bank of New York

WNED.org

Citigroup to pay $75 million to settle SEC charges

The SEC also charged a Citigroup executive and a former chief financial officer with contributing to misleading statements about the bank's subprime exposure.

Comment?

Related Topix: Financial Services, Citigroup, Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Mortgage, Personal Finance, Investment Banking, Goldman Sachs Group, Investment Services, Marketing

KTHV-TV

Fed official eyes revival of crisis-era program

A Federal Reserve official says the central bank should revive a crisis-era program to buy government debt if the country seems headed toward a bout with deflation.

Comment?

Related Topix: Financial Services, Financial Markets

MarketWatch

Santander's net profit slips on Spain weakness

Spain's Banco Santander on Thursday said second-quarter net profit fell 8%, with growth in Latin America compensating for weak home and European markets, though the bank said it still expects a full-year profit similar to that of 2009.

Comment?

Related Topix: Europe, Spain, World News, Banco Santander Central Hispano SA

24dash

Shortage of buyers driving down house prices - Nationwide

Published by Jon Land for 24dash.com in Housing Thursday 29th July 2010 - 8:57am Shortage of buyers driving down UK house prices - Nationwide A shortage of buyers sent house prices falling in July for the first time since February, figures showed today.

Comment?

Related Topix: Financial Services

Wed Jul 28, 2010

KansasCity.com

The Closing Bell | UMB Financial, YRC Worldwide, DST Systems lead short list of local gainers

Most regional stocks were victimized by sell orders Wednesday on Wall Street. Only a handful of major regional companies gained ground.

Comment?

Related Topix: DST Systems, Computers, Software, Financial Services, UMB Financial, Financial Markets, Cerner, Overland Park, KS, Transportation, Kansas City Southern, Railroads

People's Daily Online

Reserve Bank of Australia likely to keep interest rates until 2011: economists

The Reserve Bank of Australia was expected to keep interest rates on hold for at least a few months after much better than expected inflation data, an economist said on Wednesday.

Comment?

Related Topix: Financial Services, China, Asia, World News

KansasCity.com

UMB earnings up 21 percent

UMB Financial Corp. earned $23 million in the second quater, or 57 cents a share, up 21 percent from a year ago.

Comment?

Related Topix: Financial Services, UMB Financial, Credit Card Debt, Personal Finance

The Globe and Mail

The close: Dow, TSX end flat

The Dow Jones industrial average closed at 10,537.69, up 12.26 points or 0.1 per cent.

Comment?

Related Topix: Financial Markets, Financial Services, Ubs Ag, Canadian Natural Resources, Energy, Oil & Gas, Canada,

Lincoln Daily News

Deutsche Bank 2nd-quarter profit up 9 percent

Deutsche Bank AG, Germany's biggest lender, reported an unexpected 9 percent rise in second-quarter earnings on Tuesday as gains at its transaction banking and asset management operations helped counter a weaker investment banking performance.

Comment?

Related Topix: Deutsche Bank AG, Financial Services

MarketWatch

Financial Stocks: Regions Financial up 3% as financials gain

Shares of U.S. financial companies kept modest gains Tuesday afternoon, buoyed by banks' solid earnings releases even after a weak consumer confidence report curbed strong gains earlier in the session.

Comment?

Related Topix: Financial Services, Financial Markets, Regions Financial, Investment Services, Bank of America, Investment Banking, Morgan Stanley

Tue Jul 27, 2010

SanLuisObispo.com

Moody's cuts outlooks on BofA, Citi, Wells Fargo

Moody's Investors Service on Tuesday lowered its outlooks to "negative" on certain ratings for Bank of America Corp., Citigroup Inc.

Comment?

Related Topix: Financial Services, Wells Fargo , Bank of America, Citigroup

KAUZ

Florida problems hit Whitney Holding again

Gulf Coast banker Whitney Holding Corp. posted a second-quarter loss as the company continued to battle problem real estate loans in Florida.

Comment?

Related Topix: Financial Services, Whitney Holding

Lincoln Daily News

UBS posts 2nd-quarter profit of $1.9 billion

Swiss bank UBS AG offered evidence of its recovery Tuesday with stronger-than-expected second-quarter profits of 2 billion Swiss francs , and said it should resolve all tax matters with the U.S. government by October.

Comment?

Related Topix: Financial Services, Ubs Ag, Insurance, Credit Suisse Group

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