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    The other Paris  Nov 7, 2009
    He added that an impenetrable barrier should be put up between the conventional banking world and investment banks ... Brown again tried to calm him down by saying, "Nicolas, keep in mind what it was that we agreed on here. The era of banking secrecy is over. I'll see to it that this list is published before you hold your press conference.". (Salon)

    Voters thinking about jobs, not Obama  Nov 7, 2009
    It s going to take more stimulus to juice an economy left very nearly in ruin by the banking crisis and the real estate crash ... Its going to take more stimulus to juice an economy left very nearly in ruin by the banking crisis and the real estate crash ... Its going to take more stimulus to juice an economy left very nearly in ruin by the banking crisis and the real estate crash. (Atlanta Journal-Constitution -- Opinion)

    In a month, Koda put Rs 61cr in Mumbai bank  Nov 7, 2009
    Post-9/11, stringent measures had been deployed globally, including stiff due diligence procedure applied on banking channels in India to ensure that any dirty money infiltrating the system did not went undetected ... In this case, it seems the accused indulged in money laundering in a big way using both the banking channels and illicit hawala means hoodwinking the due diligence mechanism and intelligence agencies. (India Times, India)

    BofA CEO move bad for city, but good for bank?  Nov 7, 2009
    If Wachovia no longer exists, and Bank of America s earnings are being determined by business in other places, that certainly has an effect on the city, says Charles Wendel, a prominent national banking consultant ... NAB Research analyst Nancy Bush believes the bank s board leans toward an internal candidate, such as consumer-banking chief Brian Moynihan or chief risk officer Greg Curl, for the CEO post ... Hugh McColl Jr., BofA s longtime former leader, always brought the spoils of his banking... (Charlotte Business Journal, NC)

    It's time to govern the flow of political money  Nov 7, 2009
    When a banking regulation bill starts moving on Capitol Hill, suddenly donations to key members of the banking committees skyrocket; when a health care bill is on the docket, the flow of money to key committee members is unstinting. These torrents of cash power widespread cynicism about our system. (Shelby Twp Advisor & Source, MI)

    Thomas Oliver: We've always been about real estate  Nov 7, 2009
    Georgia banking will never be the same ... Most of our banking history has been protectionist in nature ... Hence we lost out to North Carolina in the banking war of the later part of the last century, as our neighbor to the north was never hampered by such restrictions and consequently its banks were much more adept at operating across a broad geography. (Atlanta Journal-Constitution -- Business)

    G-20 debates growth, cost of climate change  Nov 7, 2009
    There are also disagreements on banking reform, with Canadian Finance Minister Jim Flaherty acknowledging "disparate views" on how to address the problem of banks being too big to fail. Britain is forcing major bailed-out banks to sell part of their business, while the U.S. has shied away from calls to break up major banks. (The Augusta Chronicle)

    Youve seen the TV ads. So whats Ally Bank?  Nov 7, 2009
    Rebranded banking unit of GMAC has the backing of federal government ... At the heart of the bank's aggressive wooing of depositors is this: As the rebranded banking unit of GMAC Financial Services, Ally Bank has the backing of billions of dollars loaned to GMAC by the federal government. (MSNBC -- Business)

    Banks Thwarting Feinberg Pay Reductions by Changing Their Bonus Formulas  Nov 7, 2009
    Senate Banking Committee Chairman said at the time that he would try to force executives to repay bonuses. Feds Review. (Bloomberg)

    North Fork Agrees to Buy GreenPoint for $6.3 Billion  Nov 7, 2009
    Betting that consumer banking will remain a fast-growing business, even after several years of expansion, the North Fork Bancorporation said yesterday that it had agreed to acquire the GreenPoint Financial Corporation for $6 ... "There is no question the consumer model works,'' the chief executive of North Fork, John A. Kanas, said in an interview yesterday. He said that his bank was eager to acquire GreenPoint, which is based on Park Avenue in Manhattan, because of the "scarcity value" of... (Yahoo News -- Banking & Financial Services)

    United Security Bank fails  Nov 7, 2009
    Friday, making it the state's 21st failure of the year, as Georgia s banking crisis shows no sign of abating ... It kind of falls into the typical pattern of failed Atlanta banks, said banking attorney Chip MacDonald of. (Atlanta Business Chronicle, GA)

    Democrats determined to nationalize more  Nov 7, 2009
    After all, President Obama has nationalized the auto industry and the banking industry. There's no doubt the other assorted socialists will push to nationalize all of transportation, including air travel and railroads. (The Pantagraph newspaper)

    Bank ordered to produce Rothstein records  Nov 7, 2009
    If Morocco is a private banking country, it s going to take a lot lawyering and politicking to get the money back, he said. Most Read Stories. (South Florida Business Journal, FL)

    Jobless rate passes 10 percent, worst since 1983  Nov 7, 2009
    SO SPARE ME YOUR WORTHLESS REPLY. When you've risen to level in investment banking that you're running an entire industry sector for one of the biggest banks in the world, like I do, then MAYBE, one should listen to a hack like you. Until then, I submit you didn't disprove any of the FACTS I put forth in my original post. (New York Post -- News)

    Who deserves Wall Street bonuses?  Nov 7, 2009
    He and other Wall Streeters are now using this argument in Washington to fend off new banking regulations, assuring lawmakers that the free market of finance is self-correcting and in good hands. Hold it right there, slick. (Paragould Daily Press, AR)

    How to squeeze workers to the last drop  Nov 7, 2009
    " I don't want to sugarcoat anything. and have oodles of "butt ugly" charts and graphs that make it abundantly clear that the current labor picture is as bad as anything Americans have seen since the Great Depression. I myself was moaning about It's miserable out there. But as readers were quick to remind me last week, unemployment is a lagging indicator. We have known all year that the unemployment rate would likely rise steadily throughout the year. Let's again that the rate at which the... (Salon)

    Darling project  Nov 7, 2009
    The dangers if they do not prepare to unwind include inflation and a banking system dependent on the state ... Do you force them to slim down, do you make them separate routine banking from more risky financial market trading, or do you just require them to have extra thick capital cushions to break their fall if they do get into trouble. (BBC News -- Europe)

    The corporate takeover of U.S. intelligence  Nov 7, 2009
    Honestly, not a day goes by without something making me think about the fabulous Onion headline the day President Obama was elected: Just like African-Americans got to run the cities when they lost their manufacturing and tax base, Obama got to run the country as the Bush-Cheney recession seemed headed into a depression and the banking system approached collapse at home, all while facing two mismanaged wars and the threat of terror around the world. He had a lot to complain about, and... (Salon)

    Prosperan Bank fails; Alerus takes over  Nov 7, 2009
    We welcome the customers of Prosperan, said David Latta, Alerus s head of commercial banking, in a statement. There will be no interruption of banking services and Prosperan customers can be confident their deposits are secure and accessible ... This acquisition gives Alerus branches in Maplewood, Oakdale and Minnetonka in addition to the downtown Minneapolis branch it took over from BankFirst, and a business banking branch in Minnetonka it opened in 2007. (Twin Cities Business Journal, MN)

    Japan wants yen to be the anchor of Asia  Nov 6, 2009
    "At 109 it is over-valued. It should be at 125 to 130. Big companies have no real problems because they have global production, but the smaller companies do have problems. The market is not working in favour of a cheaper yen." He dismissed market rumours that the intervention in the currency markets was being "sterilised" by the authorities in an attempt to prevent too much liquidity building up in Japan's banking system. The senior official expressed some surprise that policy makers in the... (Yahoo News -- Asian Economy)

    1 in 5 Georgia banks troubled  Nov 6, 2009
    Since Georgia's banking crisis hit in 2008, 25 banks have failed, the most in any state ... Enterprise Banking Company Mcdonough 158. (Atlanta Journal-Constitution -- Business)

    USAA opens membership to all U.S. veterans  Nov 6, 2009
    However, under this new eligibility requirement, more than 18 million U.S. military veterans and their 17 million family members will have the ability to join the member-owned association for their insurance, banking and investment needs ... San Antonio-based USAA provides insurance, banking, financial planning and investments to customers. (San Antonio Business Journal, TX)

    Botti Trial Focuses On Cash; Deliberations Could Start Today  Nov 6, 2009
    The presentation of evidence in Botti's first trial began Monday and concluded Wednesday, and was based on banking records that suggest he tried to hide large amounts of cash by moving it through a bank account opened by his father, who is charged in a separate case as a co-conspirator. Most of the transactions were made in amounts of less than $10,000. (FOX61, CT)

    NEC May Raise $1.5 Billion in Share Sale to Pay Off Debt, Fund Expansion  Nov 6, 2009
    4 billion yen in stock, its largest-ever offering, to raise funds to expand investment banking and fixed income businesses outside Japan. Japans three largest banks -- , and -- have raised 1. (Bloomberg -- Japan)

    European, British central banks leave rates alone  Nov 6, 2009
    The world's central banks have slashed interest rates and pumped extra money into their economies and banking systems since the crisis began to bit in late 2007 ... Meanwhile, Iceland's central bank lowered its official interest rate by a full point to 11% as the country tries to get back on its feet after the credit crisis toppled its overweight banking system last year. (USA Today -- Money)

    Small Business Strategies  Nov 6, 2009
    Companies hiring a first employee would buy computers, software, furniture, office supplies; use more telecommunications, banking, credit cards, payroll services, accountants. There's a good chance many would move from home offices and rent office space. (USA Today -- Money)

    THE INFLUENCE GAME: Jobless Aid Helps Business  Nov 6, 2009
    Several dozen of them flew to Washington recently to visit members of the tax-writing House Ways and Means Committee and the Senate Banking Committee to press the point. In case they didn't get the message, Realtors sent more than 500,000 letters to Capitol Hill and made nearly 13,000 phone calls to Senate offices last weekend to corral support in advance of a key procedural vote on Monday, according to a spokesman. (ABC News -- Business)

    RBS's Q3 Loss Halves but More Bad Debts to Come  Nov 6, 2009
    5 billion) in the third quarter as impairments fell, but less favorable trading battered investment banking profits ... RBS said operating profit for its global banking and markets business shrunk to 375 million pounds in the latest quarter, from 1 ... RBS had warned in August that investors should not expect a "miracle cure" for the battered bank, where investment banking profits, which have lifted the bottom line for most of its rivals, have failed to offset the impact of bad debts. (ABC News -- Business)

    Is the Dollar Dying a Slow Death?  Nov 6, 2009
    Daisuke Uno, chief strategist at Japan's banking giant Sumitomo Mitsui, believes the Japanese currency could strengthen to 50 yen to a dollar by 2011 (from around 90 today) due to continued weakness in the U.S. economy. Harvard historian Niall Ferguson says the dollar could slide by as much as 20% on a trade-weighted basis over the next 12 months. (Time.com)

    Bank pumps $41B into UK economy  Nov 6, 2009
    Bank pumps $41B more into UK economy - CNN.com. Bank pumps $41B more into UK economy. (CNN -- World)

    The Farr Side: 'Survivor' season 19 finds most despicable contestant  Nov 6, 2009
    I m still deciding on my favorites, but so far I m banking on Erik, Jaison, Monica and Shannon Shambo to do well. I like how they are choosing to play the game. (Belmont Citizen Herald, MA)

    How to Raise Funds Through Angel In...  Nov 6, 2009
    Angel investing can be an expensive way of getting the necessary funds, but it does fill the gap in instances where banks will not extend loans due to the business venture not qualifying by traditional banking standards. Many angel investors take steps to protect their investment by asking the business to ask for their approval before certain actions, for example, selling company assets or issuing of stock, or they may have other criteria. (Suite101.com)

    The Point: Forgive me father  Nov 6, 2009
    (A) Soon to graduate from kindergarten (B) The fan club of the president-elect (C) Still not banking at Nedbank or eating at Nando's (D) The most formidable youth organisation in the world. If you were thinking of cribbing the answer for this one, I would suggest not glancing over at Floyd Shivambu's computer he's written a bloody essay. (iAfrica.com)

    Bank's profit to top 6bn  Nov 6, 2009
    As well as retail banking, RBS owns the Direct Line insurance business, and private bank Coutts, which caters for 70,000 wealthy clients ... Gordon Brown, the Chancellor, took steps to cut the cost of business banking two years ago, after accusing the high street banks of making 2. (Yahoo News -- Banking & Financial Services)

    A not-so-merry Christmas  Nov 6, 2009
    Chinese regulators have previously blocked Morgan Stanley from buying other banking assets in the country, including a one-third stake in China Fortune Securities, because it owned the CICC stake. In that context, it is unclear whether. (Sydney Morning Herald -- Business)

    North Fork Agrees to Buy GreenPoint for $6.3 Billion  Nov 6, 2009
    Betting that consumer banking will remain a fast-growing business, even after several years of expansion, the North Fork Bancorporation said yesterday that it had agreed to acquire the GreenPoint Financial Corporation for $6 ... "There is no question the consumer model works,'' the chief executive of North Fork, John A. Kanas, said in an interview yesterday. He said that his bank was eager to acquire GreenPoint, which is based on Park Avenue in Manhattan, because of the "scarcity value" of... (Yahoo News -- Banking & Financial Services)

    Bonuses could rise 40% on Wall Street  Nov 6, 2009
    NEW YORK - Big bonuses could be back in store for some top executives and traders on Wall Street as profitability returned to the investment banking industry in 2009, according to a study released yesterday ... Banking bonuses have been a hot-button political issue as financial markets have recovered much faster than the broader economy and the nation s unemployment rate approaches 10 percent. (Boston Globe)

    Tour provides a look at Rothstein's office  Nov 6, 2009
    One document referred to , where Rothstein is said to have done some banking ... According to a statement provided by the bank, RRA maintained traditional banking accounts with Gibraltar Private Bank for law firm operations, including payroll. (South Florida Business Journal, FL)

    Government puts seniors at risk with flu policy  Nov 6, 2009
    to Youhavegottabekiddingme wrote on Nov 3, 2009 6:58 PM:" WRONG! the reason that this country is in such bad financial trouble is because of your democreep president, Bill Clinton. He is the one that signed the GATT/NAFTA into law that sent our jobs abroad. Bill Clinton is the one that forced lending institutions to make mortgage loans to people that could never afford to pay them back thereby causing the current banking crisis. Granted, Bush was a moron but so is Bill Clinton and Osama Obama.... (Klamath Falls Herald & News, OR)

    Foreign investors flock to Australian property  Nov 6, 2009
    These actions have done nothing but exacerbate the previous problems where housing was less affordable due to the deregulation of the banking system and the rise and fall of the mortgage originators and the rise off dual income families. Rudd is not going to do anything or just blame the states for his mess since he is too afraid of vested interests. (Sydney Morning Herald -- Business)

    Royal Bank of Scotland posts $3 billion Q3 loss  Nov 6, 2009
    News that Britain's bailed-out banks may have to sell more of their businesses in return for being rescued jangled market nerves Monday, with Royal Bank of Scotland, Lloyds Banking Group and the wider financial sector facing a crucial week in the road to recovery. Royal Bank of Scotland Plc announced Monday that EU regulators were demanding it sell significant parts of its business, more than it had expected - a move supported by the government, which on Sunday called for a thorough shake up of... (Fresno Bee -- Business)

    Water overhaul looks like win for Valley farmers  Nov 6, 2009
    14 billion to pay for dams, underground water banking, water recycling, delta restoration and regional projects ... More than double the size of the largest water bond in state history, the measure includes money for new storage, underground water banking, water recycling, regional projects and environmental upgrades in the delta. (Fresno Bee)

    LETTER: Obama aggressive in dealing with dissenters  Nov 6, 2009
    thefunnyfarm wrote on Nov 5, 2009 10:40 PM:" It's amazing to me this great country has taken this long to see the truth about this president. He is a joke, he thinks he is the next superstar, he spend much of his time appearing on talk shows-late night to boot. He has very real issues to deal with and he is on Dave Letterman. Pleeease we have a war we can't end, many of our service men and women are getting killed every day and our president is on Letterman yukking it up. Hello, this is not a... (Mattoon Journal-Gazette, IL)

    A Not So Closed Account?  Nov 6, 2009
    "My son and I were named as co-defendants for owing BB&T a $1,000 in banking fees," she says ... serves on the Senate Banking Services Committee. (W-USA News, DC)

    Peak oil? Don't worry -- Obama's on the job  Nov 6, 2009
    There are obvious reasons for this: Financial market chaos and bazillion-dollar banking system bailouts are distracting. The price of a barrel of crude may be falling fast () but the Dow has been falling faster. (Salon)

    Meet the GOP's wrecking crew  Nov 6, 2009
    What drives him: Shelby is the top Republican on the Senate Banking Committee, which had hearings last week on the bailout. He basically thinks Detroit is doomed. (Salon)

    Taxpayers risked trillions at height of crisis  Nov 6, 2009
    Search Type Choose a search type from the items below. By DANIEL WAGNER, AP Business Writer Daniel Wagner, Ap Business Writer. (Yahoo News)

    Diversification of assets overseas is must for portfolio  Nov 6, 2009
    But given the taxation treatment, it makes sense to invest in a fund that invests at least 65% of assets in Indian equities and rest in foreign equity, says an official with an Indian private banking set-up ... Multiple currency exposures also enhance risks and so is the case with regulatory environment that regulates transparency and compliance levels, says the official with private banking set-up. (India Times)

    FBI Warns of $100M Cyber-threat to Small Business  Nov 6, 2009
    The criminals can move thousands or even millions of dollars out of their victims' accounts very quickly, using online banking to add new payees to the organization's bank account and then moving the money overnight ... The idea is to get the criminal's keylogging software onto a computer with online banking access and then steal login credentials ... Plainview has now bought a new laptop computer that it is using only for online banking -- no e-mail, no Web browsing. (Yahoo News -- Technology)

    Grumblings about Maxis share offer, too few shares  Nov 6, 2009
    Deputy news editor Risen Jayaseelan does not in any way pretend that he knows much about investment banking and acknowledges that there could be a myriad of justifiable reasons why Maxis listing structure is the way it is. Hes just finding it hard to know what they are. (The Star Online, Malaysia -- Business)

    UBS fined 8m by UK regulator  Nov 6, 2009
    The Financial Services Authority (FSA) has fined Swiss banking giant UBS 8m for failing to stop its employees making unauthorised transactions. The FSA said four UBS employees had carried out the transactions using customer money on at least 39 accounts. (BBC News -- Europe)

    Sell post office, military, bridges, national parks  Nov 6, 2009
    Sure there are anomalies like Bill Gates, Warren Buffett and certain banking and Wall Street types, but most people don't want to succeed. We need to have a public auction to sell these programs to private firms: the military, post office, Federal Reserve, interstate highways, bridges and Amtrak. (The Pantagraph newspaper)

    Newdale, Teton and Sugar City candidates answer Q  Nov 6, 2009
    My work history has been in banking, and I am on the board of directors with several non-profit organizations. Louise Godfrey: I have lived in this community for 40 years, raised 6 children and have many friends that live here -- it is a great place to live. (Rexburg Standard Journal, ID)

    Ramos joins Barclays  Nov 5, 2009
    Previously, Absa fell under the former Barclays Global Retail mercial Banking (GRCB) cluster and Ramos reported to GRCB Chief Executive Frits Seegers ... The structural changes will also see the formation of a new business grouping, to be called Global Retail Banking (GRB), comprising UK Retail Banking, Barclaycard and the former GRCB Western Europe and Emerging Markets businesses ... A second new business grouping, to be called Corporate and Investment Banking (CIB) and Wealth Management,... (iAfrica.com)

    Can It Be? A Party for Capitalism?  Nov 5, 2009
    conservative base has hijacked the Republican Party and, in the process, further alienated a beleaguered nation -- a nation that apparently is hankering for tripling deficits and government takeovers of the health care, energy, banking and car industries. Like Democrats, I, too, hope Republicans suffer. (Townhall.com)

    FBI Warns of $100M Cyber-threat to Small Business  Nov 5, 2009
    The criminals can move thousands or even millions of dollars out of their victims' accounts very quickly, using online banking to add new payees to the organization's bank account and then moving the money overnight ... The idea is to get the criminal's keylogging software onto a computer with online banking access and then steal login credentials ... Plainview has now bought a new laptop computer that it is using only for online banking -- no e-mail, no Web browsing. (Yahoo News -- Technology)

    Petty bureaucracy is creeping totalitarianism  Nov 5, 2009
    Just look what happened when they deregulated the banking and finance industry. Look at the Health Insurance industry, the defence industry, the pharmaceutical industry. (Sydney Morning Herald -- Opinion)

    Garrett Unmasked and singing again  Nov 5, 2009
    A really good frontman for International Oil and Banking cartels and Cabal Inc: had some memorable songs whish suggested he ahd environemtnal credentials but turned out to be another sell out to the rich and powerful. the ALP must have a brainwashing, learn "newspeak" academy somewhere. (Sydney Morning Herald -- Opinion)

    IBSYS.media.ImgLoader.delayView({el: 'img_N700075.18E6',imgs: ['/2009/1015/21301277_200X150.jpg']});  Nov 5, 2009
    The Nebraska Department of Banking and Finance is investigating the Reagan employee savings plan but said it couldn't tell the I-Team how it's progressing ... What makes cord blood banking a hot topic. (7 KETV Omaha)

    Nzimande gives flawed Setas a stay of execution  Nov 5, 2009
    And investors who sought refuge abroad have often been out of the money - particularly over the calamitous past two years, when the US and UK banking systems threatened to implode. Chris du Toit, an analyst at Allan Gray, says the JSE's all share index has returned 13. (Business Report, South Africa)

    House votes to accelerate credit card reform rules  Nov 5, 2009
    The proposal was a nod to Senate Banking Committee Chairman , who has proposed an immediate freeze on interest rates and fees on existing balances until February. But a vote on either measure in the Senate was considered highly unlikely because of lingering concerns by many senators that the bill could restrict credit when Americans need it most. (USA Today -- Money)

    SocGen Q3 Net Profit More Than Doubles on CIB  Nov 5, 2009
    "In this environment, corporate and investment banking achieved another excellent operating performance thanks to its well-balanced business portfolio," the bank said in a statement ... The bank said French retail banking benefited from the country's return to economic growth, with revenue rising 2 ... On the other hand, international retail banking continued to suffer from the economic slowdown in some of the bank's key foreign markets, particularly in Russia and Eastern Europe, pushing revenue... (SmartMoney)

    Government puts seniors at risk with flu policy  Nov 5, 2009
    to Youhavegottabekiddingme wrote on Nov 3, 2009 6:58 PM:" WRONG! the reason that this country is in such bad financial trouble is because of your democreep president, Bill Clinton. He is the one that signed the GATT/NAFTA into law that sent our jobs abroad. Bill Clinton is the one that forced lending institutions to make mortgage loans to people that could never afford to pay them back thereby causing the current banking crisis. Granted, Bush was a moron but so is Bill Clinton and Osama Obama.... (Klamath Falls Herald & News, OR)

    Panasonic Begins Tender Offer for Sanyo Takeover  Nov 5, 2009
    Sanyo's three major shareholders Goldman Sachs, Daiwa Securities SMBC and Sumitomo Mitsui Banking Corp. have agreed to sell at least a combined 3. 07 billion shares to Panasonic at that per-share price, which guarantees the Osaka-based company to take majority stake in Sanyo. (ABC News -- Wire)

    Obama administration plays with numbers  Nov 5, 2009
    How many otherwise unemployable policy wonks have been surgically attached to the open veins of taxpayers to help the government administer its new stakes in the banking and automotive industries. How many economic planners do we have in Washington these days applying their social-engineering skills to make sure we spend our money in ways that benefit the government's favored beneficiaries. (Athens Banner-Herald)

    Bernankeism - the artof spreading starvation  Nov 5, 2009
    There is no banking system known to man, no matter how prudent, which could survive such credit profligacy ... Financial crises of early banking systems in 18th and 19th centuries were attributed to easy credit and excessive money printing ... David Ricardo (1817) stated such simple truths, opening the door to the legislation of the Peel Act in 1844 that separated the issue and the banking departments of the Bank of England. (Asia Times Online)

    North Fork Agrees to Buy GreenPoint for $6.3 Billion  Nov 5, 2009
    Betting that consumer banking will remain a fast-growing business, even after several years of expansion, the North Fork Bancorporation said yesterday that it had agreed to acquire the GreenPoint Financial Corporation for $6 ... "There is no question the consumer model works,'' the chief executive of North Fork, John A. Kanas, said in an interview yesterday. He said that his bank was eager to acquire GreenPoint, which is based on Park Avenue in Manhattan, because of the "scarcity value" of... (Yahoo News -- Banking & Financial Services)

    Bank's profit to top 6bn  Nov 5, 2009
    As well as retail banking, RBS owns the Direct Line insurance business, and private bank Coutts, which caters for 70,000 wealthy clients ... Gordon Brown, the Chancellor, took steps to cut the cost of business banking two years ago, after accusing the high street banks of making 2. (Yahoo News -- Banking & Financial Services)

    Daylight Resources Trust Reports Third Quarter 2009 Financial and Operating Results- Significant Operational Results Validate Resource Play Strategy on Multiple Fronts  Nov 5, 2009
    At September 30, 2009, Daylight had $164 million outstanding on its credit facilities which provided up to $350 million available under revolving term credit facilities with a syndicate of banks and are subject to semi-annual review by the banking syndicate ... Daylight's banking syndicate reviewed and increased the revolving term credit facilities to $500 million on October 8, 2009 upon close of the Highpine acquisition. (CCNMatthews Press Releases)

    Midwest Insurer Has 6.2% Yield; Dividend Rising  Nov 5, 2009
    He cautions that if you're bullish on banking, there could be better plays because it hasn't been part of the bear run. One thing to watch going forward is if insurance companies begin to raise rates, then that would be good for insurers. (Investors Business Daily)

    Get a high interest account - save 5.11 percent  Nov 5, 2009
    No need to switch banks - keep your current bank account for your day to day banking ... Access via Branches, ATMs, Cheques, EFTPOS, Internet and Phone Banking, Bank@Post. (Sydney Morning Herald -- Sport)

    Oil Falls, Snapping Three Days of Gains, on Signs Demand Is Yet to Rebound  Nov 5, 2009
    Oil prices have been reflecting the ongoing uncertainty in the global economy, said , a senior economist at Westpac Banking Corp. said in Sydney. Demand side has been very soft as well as holding prices down but as the global recovery gains momentum, thats going to kick in more steam. (Bloomberg -- Germany)

    Business people  Nov 5, 2009
    They will provide clients with customized banking solutions. Davis has served as a personal banker, investment management associate and private banker. (Anchorage Daily News)

    U.S. House May Vote Today on Extending Homebuyer Credit, Jobless Benefits  Nov 5, 2009
    The credit really does provide some economic lift in the country at a time when we desperately need economic lift, said Senate Banking Committee Chairman , a Connecticut Democrat. He said expanding the credit to those who already own homes would help create jobs because the move-up buyer is more inclined and capable of buying that furniture, maybe building a porch, putting a garage on, a new roof and making the kinds of investments I think is going to be a job-creator across the... (Bloomberg -- US)

    European eyes beginning to turn towards APEC's potential outcomes  Nov 5, 2009
    " onclick="Next();" src="/images/butt_next. Europe will certainly be watching the APEC summit carefully but it will be with a mixture of emotions. (Channelnewsasia.com)

    U.S. factory orders rise for 5th time in 6 months  Nov 5, 2009
    The government also injected billions of pounds more of taxpayer funds into Royal Bank of Scotland PLC and Lloyds Group PLC, underscoring worries the banking sector is not out of trouble yet. The change effectively pumps almost $65 billion more into the two banks and could result in the creation of as many as three new commercial banks. (Honolulu Advertiser)

    Obama gibberish on jobs makes my job easy  Nov 5, 2009
    "Over the past two years, the US banking industry and the credit markets have experienced a level of instability and dysfunction previously thought a remote possibility, if not completely impossible. "This difficult period suggests to some that the pain in the financial sector is now ended ... "Over the past two years, the US banking industry and the credit markets have experienced a level of instability and dysfunction previously thought a remote possibility, if not completely impossible. "This... (New York Post -- News)

    Growing PayPal may one day overshadow eBay  Nov 5, 2009
    The process took two years, said PayPal's president, Scott Thompson, largely because of the need to deal with banking regulations while keeping up the company's fraud protections. But from here the open platform should incur few costs for PayPal, Janney Montgomery Scott analyst Shawn Milne said. (MSNBC -- Technology)

    Japan wants yen to be the anchor of Asia  Nov 5, 2009
    "At 109 it is over-valued. It should be at 125 to 130. Big companies have no real problems because they have global production, but the smaller companies do have problems. The market is not working in favour of a cheaper yen." He dismissed market rumours that the intervention in the currency markets was being "sterilised" by the authorities in an attempt to prevent too much liquidity building up in Japan's banking system. The senior official expressed some surprise that policy makers in the... (Yahoo News -- Asian Economy)

    Congress must get tough on banks  Nov 5, 2009
    The Troubled Asset Relief Program may have bailed out the banking sector, but it has failed the American taxpayer. Columns and blogs. (Atlanta Journal-Constitution -- Opinion)

    Newdale, Teton and Sugar City candidates answer Q  Nov 5, 2009
    My work history has been in banking, and I am on the board of directors with several non-profit organizations. Louise Godfrey: I have lived in this community for 40 years, raised 6 children and have many friends that live here -- it is a great place to live. (Rexburg Standard Journal, ID)

    Postal services: Dead letter  Nov 5, 2009
    It now plans to reverse the privatisation of Japan Post, along with its enormous banking unit the previous government s central economic reform ... For other struggling postal firms, another field, banking, looks ripe for expansion and could over time subsidise loss-making mail divisions ... At Swiss Post, the banking unit s profit margin is expected to increase from 10% in 2008 to 17% this year, and the firm now wants a full banking licence so that it can offer consumer and business loans... (The Economist)

    Chinas ICBC may get nod for Msian ops soon  Nov 5, 2009
    PETALING JAYA: The worlds most profitable bank, Industrial and Commercial Bank of China Ltd (ICBC), is expected to be issued a banking permit to operate in Malaysia soon ... Malaysias exports to China were growing rapidly, Pong said, based on latest unofficial data, noting at the same time that, inadvertently, competition would heat up in the local banking scene with the Chinese bank onboard ... ICBC overtook British banking giant HSBC to become the most profitable bank in the world last... (The Star Online, Malaysia -- Business)

    Public Information Notice: IMF Executive Board Concludes 2009 Article IV Consultation with the Solomon Islands  Nov 5, 2009
    The banking system appears well positioned against the current slowdown, but given rapid credit expansion in earlier years and signs of rising liquidity and credit risks, tight enforcement by the Central Bank of Solomon Islands of new prudential rules will be important to ensuring sound financial performance and proper risk management control by banks ... Directors welcomed the timely steps taken to strengthen banking supervision, while highlighting that credit and liquidity risks necessitate... (IMF News)

    House votes to accelerate credit card rules  Nov 5, 2009
    The proposal was a nod to Senate Banking Committee Chairman Chris Dodd, who has proposed an immediate freeze on interest rates and fees on existing balances until February. But a vote on either measure in the Senate was considered highly unlikely because of lingering concerns by many senators that the bill could restrict credit when Americans need it most. (MSNBC -- Business)

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