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Banking News

Banking news continually updated from thousands of sources around the net.

3 hrs ago | ClipSyndicate

Finger Says BofA Shouldn't Delay CEO Lewis's Departure: Video

Nov. 27 -- Jonathan Finger, managing partner at Finger Interests Number One Ltd., talks with Bloomberg's Erik Schatzker about Bank of America Corp.'s search for a new chief executive officer to replace Kenneth Lewis, who is stepping down Dec.

Comment?

Related Topix: Bank of America, Financial Services, Video, Business News

8 hrs ago | WDAF

MGM Mirage, HSBC, Satyam, ING, Activision are among big market movers Friday

The following stocks were among those that moved substantially or traded heavily Friday on the New York Stock Exchange and the Nasdaq Stock Market: NYSE: MGM Mirage, down 45 cents to $10.56 The casino operator's joint venture partner Dubai requested a debt payment delay.

Comment?

Related Topix: HSBC Holding, Satyam Computer Services, Activision, Media, ING Group, Hotels, Insurance, MGM Mirage, Video Games, Software, Financial Markets

12 hrs ago | Athens Banner-Herald

Dubai woes hit world stocks again; Asia down most

World stock markets tumbled further Friday amid fears about the fallout from Dubai's debt problems.

Comment?

Related Topix: Financial Markets, Financial Services, South Korea, World News

16 hrs ago | CBC

Cellphones may replace credit cards

Credit cards could be a thing of the past. A pilot project involving RIM, BMO and MasterCard Canada could result in cellphones one day replacing credit cards.

Comment?

Related Topix: Cellphones, Research in Motion, Telecom, Computers, Bank of Montreal, Financial Services

20 hrs ago | News.com.au

Growth will continue for years - RBA

A REBOUND in economic activity in Asia is positive for Australia, which is already emerging from the global economic downturn, the central bank says.

Comment?

Related Topix: Financial Services, Housing

Thu Nov 26, 2009

The Baltimore Sun

Severn Bancorp to bolster operations

Annapolis-based Severn Bancorp Inc., the parent company of its namesake bank, said Tuesday that it has agreed with federal regulators to take steps to shore up its operations hurt by the collapse of the real estate market.

Comment?

Related Topix: Financial Services, Annapolis, MD, Severn, MD, Home, Mortgage, Baltimore Metro, Towson, MD

ClipSyndicate

Schutz Says Bank of America Should Find CEO From Within: Video

Nov. 25 -- Anton Schutz, president of Mendon Capital Advisors Corp., talks with Bloomberg's Matt Miller about Bank of America Corp.'s search for a chief executive officer to replace Kenneth D. Lewis and the outlook for the bank's stock.

Comment?

Related Topix: Bank of America, Financial Services, Home, Mortgage, Business News, Video

Truthdig

Still Doing Goda s Work on Wall Street

Jail, anyone? Perhaps that's too harsh, and at any rate premature, but is anyone ever going to be held accountable for the behind-the-scenes sweetheart deals that passed tens of billions of taxpayer dollars through the AIG shell game to the very banks that caused the financial meltdown? Or for the many other acts of double-dealing that left one out ...

Comment?

Related Topix: Investment Banking, Financial Services, Goldman Sachs Group, Investment Services

Calgary Sun

Canadian accountants' confidence in economy soars

Confidence in the Canadian economy among senior chartered accountants soared in the third quarter, with profit, revenue and jobs all on the rise for the first time in a year, according to a new survey.

Comment?

Related Topix: Financial Services, RBC Financial Group

CKNW News Talk 980

Disappointments on U.S. economic growth, consumer sentiment send stocks lower

The Toronto stock market closed lower Tuesday following a disappointing revision to recent U.S. economic growth figures and a tepid reading on consumer sentiment just before the start of the holiday shopping season.

1 comment

Related Topix: Financial Services, Financial Markets, Canada, Canadian Natural Resources, Energy, Oil & Gas, Bank of Montreal

Wed Nov 25, 2009

Seattle Post-Intelligencer

SVB Financial closes $300M public offering

SVB Financial Group, the holding company for SVB Silicon Valley Bank, announced Tuesday the closing of a $300 million public stock offering.

Comment?

Related Topix: SVB Financial Services, Financial Services, Silicon Valley Bancshares

SanLuisObispo.com

BNP Paribas, Deutsche Bank sue Bank of America

Deutsche Bank AG and a BNP Paribas unit sued Bank of America NA on Wednesday over allegations the bank failed to pay back $1.73 billion in secured notes.

Comment?

Related Topix: Deutsche Bank AG, Financial Services, Home, Mortgage, Personal Finance

WCNC-TV Charlotte

BofA CEO search may extend into 2010

Bank of America is having such a hard time finding a new CEO that some analysts are wondering if Ken Lewis might have to stay past his planned Dec.

Comment?

Related Topix: Bank of America, Financial Services, University of North Carolina Chapel Hill, Raleigh Metro, Chapel Hill, NC, Merrill Lynch and Co, Investment Services

ClipSyndicate

Rosborough Expects More Volatility in Australian Dollar

Nov. 25 -- Lauren Rosborough, a senior currency strategist at Westpac Banking Corp., talks with Bloomberg's Rishaad Salamat about currencies including the Australian dollar, pound and euro.

Comment?

Related Topix: Financial Services, Westpac Banking Corporation, Financial Markets, Business News, Video

ABC News

Conn. Man Accused of $20 Million Investment Fraud

Authorities said a Wethersfield, Conn., man has been charged with running a 12-year scheme that defrauded investors of more than $20 million.

Comment?

Related Topix: Wethersfield, CT, JP Morgan Chase

Slam Sports

Stocks open weak as U.S. third quarter GDP growth revised downward

North American stock markets got off to a weak start Tuesday after data showed weaker than expected economic growth in the U.S. during the third quarter.

Comment?

Related Topix: Financial Markets, Canada, Travel, China Travel, Canada Travel, Bank of Montreal, Financial Services, Winter Sports, Curling

Tue Nov 24, 2009

Bloomberg

Fed Said to Ask Stress-Tested Banks to Submit Plans for Repaying U.S. Aid

The Federal Reserve asked nine of the U.S. banks that were part of this yeara s stress tests to submit plans for repaying the governmenta s capital injections, a person familiar with the situation said.

Comment?

Related Topix: Bank of America, Financial Services, Birmingham, AL, Birmingham Metro, Suntrust Banks

KMOV-TV Saint Louis

Reports on GDP and consumers signal modest rebound

The economy is growing modestly, with consumers too wary about spending to invigorate the recovery.

Comment?

Related Topix: Pnc Financial Services GroupThe, Financial Services, Tampa Metro, Housing, Foreclosures, Financial Markets

Free Press

Bank of Montreal Q4 profit rises to $647 million; revenue rises to $3 billion

Bank of Montreal said Tuesday its latest quarterly profit rose 16 per cent from the year-earlier level as revenues increased, provisions for loan losses were reduced and its Canadian operations showed strong profit growth.

Comment?

Related Topix: Financial Services, Bank of Montreal

Salisbury Journal

61.6bn emergency funds for banks

Emergency loans to Royal Bank of Scotland and HBOS peaked at 61.6 billion at the height of the financial crisis, the Bank of England has said.

Comment?

Related Topix: Financial Services

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