Blogs Posts in NEWS category; 601 blog posts

As Economy Improves, Bank Bailouts Persist

Last week, Federal Reserve Chairman Ben Bernanke said the recession is probably over. But that hasn't halted the Treasury Department from continuing to dole out billions of dollars to financial firms. The latest installment came two weeks a [...]

Posted On : Sep, 25 2009 | Comments : 0

Bank of England grows nervous about recovery

A leading Bank of England policy-maker yesterday poured fresh doubt on the strength and sustainability of a British economic recovery, and added to expectations that monetary policy would be kept extremely loose well into next year, even as [...]

Posted On : Sep, 24 2009 | Comments : 0

Still Horse Trading at Lloyds Banking Group

Lloyds Banking Group has admitted the worst-kept secret in London: It wants to renegotiate its participation in the U.K.'s asset-protection program. Lloyds makes clear it is unhappy with the original deal to insure £250 billion ($410. [...]

Posted On : Sep, 19 2009 | Comments : 0

Bank of Japan keeps key interest rate unchanged

The Bank of Japan upgraded its assessment of the world's second-largest economy and held its key interest rate unchanged at a near-zero 0.1 percent Thursday as it tries to nurture a recovery. The unanimous and widely anticipated decision o [...]

Posted On : Sep, 18 2009 | Comments : 0

Ireland's Bad Bank To Give 30% Loan Discounts

Ireland's Finance Minister Brian Lenihan Wednesday said the new National Asset Management Agency, the key in the government's masterplan to rescue the failing banking system, will buy loans from major financial institutions at a discount of [...]

Posted On : Sep, 17 2009 | Comments : 0

Bank of America CEO Says Rebound May Beat Forecasts

Bank of America Corp. Chief Executive Officer Kenneth Lewis told investors in Japan his “optimistic side is coming back” and the U.S. economy may rebound more rapidly than expected. “There is a potential for a rebound tha [...]

Posted On : Sep, 16 2009 | Comments : 0

Fundtech wins major Bank of America deal

Fundtech Ltd. (Nasdaq: FNDT; TASE: FNDT) is a beneficiary as large international banks begin investing again in their IT systems, a year after the collapse of Lehman Brothers. The Israeli developer of global transaction banking solutions to [...]

Posted On : Sep, 15 2009 | Comments : 0

Downfall of the banking 'masters'

I worked on the Asian equity sales desk and over the weekend it was fairly obvious that the institution was in serious dire straights. On the Monday morning I woke up at two o'clock and looked at my blackberry. I saw an email outlining that [...]

Posted On : Sep, 14 2009 | Comments : 0

Bank of America Names Co-Heads of Corporate, Investment Bank...

Bank of America Corp.’s Thomas Montag picked Paul Donofrio, Michael Rubinoff, and Purna Saggurti to be joint heads of global corporate and investment banking. Brian Brille was named president of Asia-Pacific, Bank of America said in [...]

Posted On : Sep, 11 2009 | Comments : 0

Bank of America Merrill Lynch name life sciences MD

Bank of America Merrill Lynch has announced the appointment of Martin Friedman as MD and co-head of Americas life sciences investment banking. He joins the firm from Credit Suisse, where he served as head of East Coast life sciences bank [...]

Posted On : Sep, 10 2009 | Comments : 0

World Bank Record Level Of Business-Friendly Reforms

Governments around the world continued to adopt a record number of reforms over the past year despite the global crisis, with some countries incorporating business-friendly measures into their stimulus packages, the World Bank said Tuesday. [...]

Posted On : Sep, 09 2009 | Comments : 0

Japan bank lending growth slows to 1-year low

Japanese bank lending grew at the slowest pace in a year in the 12 months to August partly as companies saddled with excess capacity have less need to borrow funds for capital expenditure. At the same time, August's money supply rose from [...]

Posted On : Sep, 08 2009 | Comments : 0

Bank Crisis House Petitions AGF on Bailout

The House of Representatives Committee on Justice has petitioned the Attorney General of the Federation (AGF) and Minister of Justice, Chief Michael Aondoakaa over the controversial N420billion bailout granted five ailing commercial, [...]

Posted On : Sep, 07 2009 | Comments : 0

MB Financial Bank Acquires Deposits and Loans of InBank

Mitchell Feiger, president and CEO of MB Financial, Inc. (NASDAQ: MBFI) announced that MBFI’s subsidiary, Chicago-based MB Financial Bank, N.A., acquired the deposits and loans of Oak Forest-based InBank at the close of business today [...]