Finance, Forex and Investments

Home > Commercial Banks Information > Commercial Banks News

Commercial Banks News

  • Ghana: Nation to Retool Its Economy As It Attains Middle-Income Status Wednesday, July 20, 2011 @ 4:25AMGhana, which moved from low-income to lower middle-income status this month, according to World Bank country classifications, is expected to retool its agro and gold dominated economy.
  • China's financial industry reports shortage of talent Wednesday, July 20, 2011 @ 4:21AMWhile regulations are being finessed for the launch of the Shanghai international board, which would allow foreign companies to list on the Chinese mainland for the first time, attention is also being focused on one crucial element: a chronic lack of skilled financial professionals.
  • Scenarios: Possible impact of a Greek ratings default Wednesday, July 20, 2011 @ 4:17AMLONDON (Reuters) - As euro zone officials tackle the debt crisis, they must weigh the threat of any downgrade of Greek debt ratings to default or selective default, which would add fuel to the contagion that has taken hold of bigger euro zone economies in recent weeks.
  • Biz Briefing: IMF Raises Debt Crisis Stakes Wednesday, July 20, 2011 @ 4:12AMThe International Monetary Fund (IMF) has called on Europe to take urgent action to prevent a eurozone meltdown, ahead of tomorrow's crucial summit on Greece's debt crisis.The global crisis lender ...
  • Nigeria: Reps Summon Sanusi Over Withdrawal Limits Wednesday, July 20, 2011 @ 4:10AMControversy over the proposal by the Central Bank of Nigeria (CBN) and the bankers' committee to limit cumulative daily cash withdrawals and lodgements in the country from June next year continued to play out as yesterday, the House of Representatives summoned the Central Bank of Nigeria (CBN) governor, Malam Sanusi Lamido Sanusi, to appear before it to give explanations on the contentious ...
  • Commercial Mortgage Source Recently Expanaded its Commercial Mortgage Lending Wednesday, July 20, 2011 @ 4:02AMCommercial Mortgage Source, a Chicago based Commerial Mortgage company recently expanded its lending practices and service to nationwide borrowers for commercial real estate.Chicago, IL (PRWEB) July 20, 2011 Recently, Commercial Mortgage Source (CMS), a Chicago based lending company, expanded its commercial lending operations in an effort to provide significantly more commercial mortgage ...
  • Reliance Life exploring strategic equity partner among banks Wednesday, July 20, 2011 @ 4:00AMBy Arvind Padmanabhan ,Hong Kong, July 20 : Reliance Life Insurance Company, India's largest in terms of policies sold, intends to sell strategic equity to a commercial bank and hopes to soon conclude a 26-percent equity sale to Japan's Nippon Life for $680 million.
  • Malaysia Is Third Largest Investor In Cambodia Wednesday, July 20, 2011 @ 3:57AMPHNOM PENH, July 20 (Bernama) -- Malaysia has become the third largest investor in Cambodia with its investments in the country amounting to US$3.4 billion from 1980.
  • BofA reports $9.1 billion 2Q loss; investors worried Wednesday, July 20, 2011 @ 3:49AMNEW YORK — Things keep getting worse for Bank of America. On Tuesday, the nation's largest bank reported a loss of $9.1billion during the second quarter, partly due to an $8.5 billion settlement with investors.
  • Struggling banks cater to the rich Tuesday, July 19, 2011 @ 11:20PMST. LOUIS -- As the economic recovery sputters forward, banks continue to bleed revenue in such mainstays as commercial lending and, of course, mortgages.
  • The Genesis And Effects Of Corruption In Ghana Tuesday, July 19, 2011 @ 11:16PMCorruption is any act undertaken with the aim of personal pecuniary or financial gratification. It is an illegal, unethical and bad behavior which is unprofessional, unpatriotic, unchristian and inhuman.
  • Grocery store financing program to be announced Tuesday, July 19, 2011 @ 11:12PMThe $200-million California FreshWorks Fund is designed to encourage grocers to expand into underserved communities to improve access to healthful, affordable food. In a bid to fight childhood obesity and change eating habits on the local level, First Lady Michelle Obama is expected to announce a healthful food financing initiative Wednesday that aims to draw grocery stores into so-called food ...
  • German prosecutors accuse former banker of taking bribes from F1 boss Ecclestone Tuesday, July 19, 2011 @ 11:06PMFRANKFURT - Prosecutors in Munich have charged a former executive at a German bank for allegedly taking bribes from Formula 1 boss Bernie Ecclestone in connection with the 2006 sale of the bank's stake in F1.
  • Banker 'took bribes from F1 boss' Tuesday, July 19, 2011 @ 11:04PMProsecutors in Munich have charged a former executive at a German bank for allegedly taking bribes from Formula 1 boss Bernie Ecclestone in connection with the 2006 sale of the bank's stake in F1. Related Stories 14 accused of PayPal cyber attack Thriller jacket goes on tour CIA trains shadowy, unaccountable Afghan paramilitaries accused of human rights abuses Conde survives assassination bid US ...
  • Chitral farmers seek govt’s help for loans Tuesday, July 19, 2011 @ 10:45PMCHITRAL, July 19: The farmers in Chitral have expressed concern over the inordinate delay in provision of bank loans for buying standardised seed and pesticides and sought the government’s help in this regard.
  • German prosecutors charge banker over F1 bribes Tuesday, July 19, 2011 @ 10:38PMProsecutors in Munich have charged a former executive at a German bank for allegedly taking bribes from Formula 1 boss Bernie Ecclestone in connection ...
  • Maley: US banks flailing in a sea of misery Tuesday, July 19, 2011 @ 10:26PMDisappointing profit results released overnight highlight the struggle US banks are facing, writes Karen Maley. Read more on the blog...
  • Banks flout dollar loan interest cap Tuesday, July 19, 2011 @ 10:24PMSome commercial banks have been increasing the interest rates they offer on US dollar deposits beyond the current ceiling of 2 per cent per year imposed by the State Bank of Viet Nam – with some customers reporting that they have been offered short-term rates of 3-3.5 per cent and even above 4 per cent for larger sums.
  • Upland candidates answer questions from residents Tuesday, July 19, 2011 @ 10:11PMUPLAND - The faces of the 11 people running for City Council this summer were dimly lit as they answered questions from the community during the Chamber of Commerce's candidate forum on Monday at Upland High School.
  • BofA reports $9.1 bln 2Q loss; investors worried Tuesday, July 19, 2011 @ 6:12PMNEW YORK (AP) — Things keep getting worse for Bank of America. On Tuesday, the nation's largest bank reported a loss of $9.1billion during the second quarter, partly due to an $8.5 billion settlement with investors.
  • Gloom as Wall Street giants post poor results Tuesday, July 19, 2011 @ 6:05PMThe banking sector suffered another blow yesterday when two of the US's financial giants reported unfavourable results.
  • BancFirst Corporation Reports Second Quarter Earnings Tuesday, July 19, 2011 @ 5:54PMBancFirst Corporation reported net income of $10.1 million or $0.65 diluted earnings per share for the second quarter of 2011 and $21.5 million or $1.37 diluted earnings per share for the six months ended June 30, 2011.
  • Lovell Minnick to Sell ALPS to DST Systems Tuesday, July 19, 2011 @ 5:49PMDENVER--(BUSINESS WIRE)--ALPS Holdings, Inc. (ALPS), a leading provider of asset servicing and asset gathering solutions to the asset management industry, today announced the firm has signed a definitive agreement to be acquired by DST Systems, Inc. (NYSE: DST) for $250 million, through a merger with a wholly owned DST subsidiary. The transaction, subject to regulatory approval and certain ...
  • An American Watches The NewsCorp Hearings In London Tuesday, July 19, 2011 @ 5:44PMWatching the BBC’s live coverage of the Murdochs’ testimony before the Culture Committee in Parliament, while sitting on a couch in southeast London, and watching my twitter feed roll on about the hacking scandal, I noticed a few things, and thought I’d share them. 1. My friends in London keep saying to me, “Imagine if this [...]
  • Banks flailing in a sea of misery Tuesday, July 19, 2011 @ 5:38PMUS banks struggling against nervy markets, anemic loan demand and a growing lending margins squeeze are being forced to resort to desperate cost-cutting measures. 20 Jul 2011 8:34 AM
  • On Location: Carmageddon, schmarmageddon — local filming activity surged last week in the L.A. area Tuesday, July 19, 2011 @ 5:18PMEven with the logistical concerns surrounding last weekend's closure of the 405 Freeway, overall local production around the Los Angeles area increased 14% last week compared with the same period a year ago, according to the latest numbers from FilmL.A....
  • German prosecutors charge banker in F1 sale Tuesday, July 19, 2011 @ 12:01PMProsecutors in Munich have charged a former executive at a German bank for allegedly taking bribes from Formula 1 CEO Bernard Ecclestone in connection with the 2006 sale of the bank's stake in Formula 1. Gerhard Gribkowsky, a former member of the management board at the regional bank BayernLB, was in charge of managing the sale of BayernLB's stake to private equity firm CVC Capital...
  • Goldman's profit engine stalls; shares fall Tuesday, July 19, 2011 @ 11:52AMNEW YORK (Reuters) - Goldman Sachs Group Inc rattled investors with earnings that fell far short of expectations because of sharp declines in bond trading revenue, long a key source of profits for the investment bank.
  • Kenya: NSE 20 Share-Index Hits a Fresh 2011 Low Tuesday, July 19, 2011 @ 11:43AMThe last time I checked the shilling had popped its nose over 90.00 to 90.09 last. The NSE20 fell 43.83 points to close at 3738.64 which is a fresh 2011 closing low. The NSE20 Index has fallen 15.6588% in 2011. The NSE20 retreated for 8 consecutive sessions before turning higher on Friday but that bounce proved quite ephemeral.
  • ICBA Comments on Dodd-Frank: One Year Later Tuesday, July 19, 2011 @ 11:33AMAs the Dodd-Frank Wall Street Reform and Consumer Protection Act approaches its one year mark, the Independent Community Bankers of America (ICBA) is working on behalf of the nation’s more than 7,000 Main Street community banks to minimize negative regulatory effects and is advocating for legislation that will ensure the stability and vitality of community banks for generations to come. (PRWeb ...
  • Canada Keeps Key Rate at 1%; Stimulus ‘Will Be Withdrawn’ Tuesday, July 19, 2011 @ 11:27AMThe Bank of Canada kept its main interest rate unchanged and said borrowing costs will increase as the economy recovers, with policy makers dropping the word “eventually” to describe the timing of their next move.
  • Euro Advances on Debt Agreement Optimism; Swiss Franc Declines Tuesday, July 19, 2011 @ 11:26AMThe euro rallied against the dollar and rose from almost a record low versus the Swiss franc on bets European officials are approaching an agreement over measures designed to contain the region’s sovereign-debt crisis.
  • Goldman's profit engine stalls Tuesday, July 19, 2011 @ 11:04AMNEW YORK (Reuters) - Goldman Sachs Group Inc rattled investors with earnings that fell far short of expectations because of sharp declines in bond trading revenue, long a key source of profits for the ...
  • Canada’s Dollar Rises as Stocks, Oil Gain Before Bank of Canada Decision Tuesday, July 19, 2011 @ 7:29AMThe currency climbed against most of its major counterparts while it trailed the commodity-linked New Zealand and Australian dollars. All 26 economists in a Bloomberg News survey predict Bank of Canada Governor Mark Carney will leave the target for overnight loans between commercial banks at 1 percent.
  • Rapid Recovery in Investment Volumes in EMEA Hotel Market Tuesday, July 19, 2011 @ 7:27AMHotel investment volumes in EMEA during the first 6 months of 2011 have reached €3.37 billion, a significant 73% increase on the same period last year (€1.94 billion), according to Jones Lang LaSalle Hotels. Demonstrating the recovery and strength of the EMEA hotel market, compared to volumes recorded for the same period in 2009, this marks a 123% increase. Jones Lang LaSalle Hotels now ...
  • SunGard and Custom Credit Systems to Create an End-to-End Commercial Lending Solution Tuesday, July 19, 2011 @ 7:07AMSunGard will build an integrated, end-to-end commercial lending solution, working with Custom Credit Systems (CCS), a provider of credit processing and maintenance systems. (PRWeb July 19, 2011) Read the full story at http://www.prweb.com/releases/2011/7/prweb8652779.htm
  • AmeriServ Financial Reports Earnings for the Second Quarter and First Six Months of 2011 Tuesday, July 19, 2011 @ 7:00AMAmeriServ Financial, Inc. continued its positive earnings momentum in the second quarter of 2011 by reporting net income of $1,938,000 or $0.08 per diluted common share. Â This represents a significant improvement of $1.5 million from the second quarter 2010 net income of $477,000 or $0.01 per diluted common share. Â For the six month period ended June 30, 2011, the Company reported net income ...
  • RCC Associates General Contractors Celebrate 40th Anniversary Tuesday, July 19, 2011 @ 6:30AMToday regarded as one of the nation's leading buildout contractorsâwith more than 1,500 national retail, restaurant and commercial projects under their beltâgeneral contractor RCC Associates, Inc. is celebrating the start of its 40th year in business.
  • Aon Acquires Ward Financial Group Tuesday, July 19, 2011 @ 6:30AMAon Corporation today announced it has acquired Westfield Financial Corporation and its subsidiary, the Ward Financial Group, from Ohio Farmers Insurance Company. Ward is a leading provider of benchmarking and best practices research studies for insurance companies in North America.
  • Global markets falter amid debt fears; euro drops against dollar Tuesday, July 19, 2011 @ 1:43AMGlobal markets falter amid debt fears; euro drops against dollar
  • Optima Bank opens third branch in Stratham Tuesday, July 19, 2011 @ 1:23AMSTRATHAM — The ribbon was cut on Monday as locally-owned Optima Bank & Trust opened a new branch on Portsmouth Ave.
  • ECB buys no bonds despite market turmoil Tuesday, July 19, 2011 @ 1:20AMThe European Central Bank kept its government bond buying programme in hibernation for a 16th straight week last week, as the euro zone debt crisis showed signs of infecting Italy and Spain.
  • Goldman investors seek answers beyond Q2 earnings Tuesday, July 19, 2011 @ 1:14AMAnalysts forecast decline in Q2 profit, revenue. FICC trading expected to be down 30 to 40%. Investors want clarity on growth plans beyond 2011.
  • Carney May Keep 1% Rate as Worldwide Debt Risks Outweigh Canada Inflation Tuesday, July 19, 2011 @ 1:11AMThe Bank of Canada will probably keep its main interest rate unchanged for a seventh straight meeting today, as economic risks posed by indebted foreign governments outweigh concerns about quicker domestic inflation.
  • Qriously: A question of keeping it simple Tuesday, July 19, 2011 @ 1:09AMThe startup with all the answers, Qriously seeks to make money out of asking the right questions Ask any developer and they will tell you that it's extremely complicated to make something very simple. That simplicity may turn out to be the biggest challenge for the startup Qriously , which replaces mobile ads with short, targeted questions to survey users. Just seven months old, Qriously has ...
  • Celina 50 Years Ago Today Tuesday, July 19, 2011 @ 1:02AMThis is a selection of stories, classified ads and commercial ads from the Celina Record first published Thursday, July 6, 1961.
  • Time To Buy European Bank Stocks? Tuesday, July 19, 2011 @ 1:00AMMany of Europe's biggest banks don't have as much dicey sovereign debt as you'd think. With their st
  • 'Person of interest' in custody after bank robbery Monday, July 18, 2011 @ 8:45PMPORTSMOUTH — After a massive police response to Woodbury Avenue Monday night, a "person of interest" was taken into custody as a possible suspect in a bank robbery.
  • CIMB, Maybank fall on Indonesia plan Monday, July 18, 2011 @ 8:43PMCIMB Group Holdings Bhd and Malayan Banking Bhd fell after HwangDBS Vickers Research Sdn Bhd said the Indonesian central bank's plan to limit investor ownership in commercial banks may hurt earnings. Shares of CIMB, which owns an Indonesian bank, slid 1.4 per cent to RM8.44 at 9:30 a.m. in Kuala Lumpur trading, set for the lowest close since June 15. Malayan Banking, or Maybank, lost 1 per cent ...
  • Finding ways to fight inflation Monday, July 18, 2011 @ 8:22PMA vendor at a Beijing vegetable market organizes produce at her stall. Food prices in China increased by more than 14 percent in June over the same month last year.