Banking News

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.

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.

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

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.

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

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

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.

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

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.

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.

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.

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

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.

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

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

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.

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.

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

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

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.