Banking News

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.

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.

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

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.

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

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.

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.

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 ...

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.

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.

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

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.

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.

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.

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

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.

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.

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

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.

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.