Banks News Updates
The Merchant Bank: An Ancient Idea That Still Works (New York Times)
23 December 2009
To this day, Bart Mitchell is not entirely sure he knows what a merchant bank is. “I guess I think of it as the old-fashioned banker who takes the time to listen to his customer’s needs and help them solve their problems,” he said. (Actually, that is not far off.)...
Standard Bank Boosts Troika Dialog Stake to 36%, Kommersant Says (Bloomberg)
23 December 2009
Dec. 24 (Bloomberg) -- Standard Bank Group Ltd., Africa’s largest lender, boosted its stake in Moscow-based Troika Dialog to as much as 36 percent, Kommersant reported, citing unidentifed bankers familiar with the matter.
Man faces trial in Farmington Hills bank robbery (Detroit News)
23 December 2009
Farmington Hills -- Police said a hapless bank robber succeeded on his third attempt recently, only to be tripped up by an auto accident.
Vernon Hills bank robbed (Chicago Tribune)
23 December 2009
The Daily Herald reports : Several bank robbers took an undetermined amount of money from the Bridgeview Bank & Trust at 1175 Corporate Woods Parkway in Vernon Hills about 5 p.m. today and escaped. Get the full story : dailyherald.com...
Malaysia’s Central Bank Sees ‘Manageable’ Inflation, CIMB Says (Bloomberg)
23 December 2009
“Bank Negara Malaysia’s governor indicated that the conduct of monetary policy will take into consideration the following two key barometers: that the economic recovery is fundamentally in place, and the sustained revival of private investment,” CIMB, part of Malaysia’s second-largest banking group, said in a report today.
Bank of Japan to Keep Policy 'Extremely Accomodative', Minutes Show (Daily FX via Yahoo! Finance)
23 December 2009
Minutes from November’s Bank of Japan monetary policy meeting offered little by way of new insight. Policymakers said the economy is picking up but still needs close monitoring. The bank reiterated that is would stand ready to respond promptly to market movements and promised to keep monetary policy “extremely accommodative”.
Economic Report: Bank of Japan saw deflation easing at Nov. meeting (Market Watch)
23 December 2009
Minutes from the Bank of Japan's November meeting show a monetary policy board not overly concerned with the threat of price deflation.
Supplement company Zrii settles suits against rebellious ex-managers - Farmington Daily Times
23 December 2009
Supplement company Zrii settles suits against rebellious ex-managersFarmington Daily TimesSenior managers and several top independent distributors charged that the company was nearly broke because Farley had treated it like his personal bank ...
Ho-Ho-Hold-Up: 'Santa' Robs Nashville Bank - Sky News
23 December 2009
Sky NewsHo-Ho-Hold-Up: 'Santa' Robs Nashville BankSky NewsTo "untrack" this story, click on the UNTRACK link on the article or the REMOVE link in your story tracker. You can add this story to your favourites or ...
CORRECT:MARKET COMMENT: European Stocks Set 14-Month Highs - Wall Street Journal
23 December 2009
CORRECT:MARKET COMMENT: European Stocks Set 14-Month HighsWall Street Journal"The Bank of England is clearly keeping all its options open in order to protect the recovery process," said Philip Gillett, trader at IG Index. ...
DEPARDIEU 'ADMITS DRUNKENLY SMASHING UP CAR' - Contactmusic.com
23 December 2009
DEPARDIEU 'ADMITS DRUNKENLY SMASHING UP CAR'Contactmusic.comThe Green Card star was reportedly spotted by passersby on Sunday night (20Dec09) "swaying and staggering" in the French capital's Left Bank District while ...
Islander earned his way to the top - SILive.com
23 December 2009
SILive.comIslander earned his way to the topSILive.comAfter he graduated Boys High School in Brooklyn in 1962, Cassano took classes at Brooklyn Community College and took a job at First National City Bank ...and more »...
Kopeyka Changes Ownership, Wal-Mart Likely Buyer - Property Xpress (subscription)
23 December 2009
Kopeyka Changes Ownership, Wal-Mart Likely BuyerProperty Xpress (subscription)In July 2009, the bank Uralsib increased its ownership interest in TD Kopeyka from 3.34 pct to 14.2 pct. In mid-October this year, the bank ran out of the ...
Mohammad Sami hopes to continue good form in Australia - Yahoo! Eurosport
23 December 2009
Mohammad Sami hopes to continue good form in AustraliaYahoo! Eurosport... 6 for 38 in the second innings, and a match haul of eight wickets, to help the Karachi Blues win the title, thrashing Habib Bank Limited by 141 runs. ...and more »...