Banks News Updates
Lehman’s Plan for Claims Is Contrary to Law, Bank Creditors Say (Bloomberg)
5 January 2010
Jan. 6 (Bloomberg) -- Lehman Brothers Holdings Inc. , which aims to trim $824 billion in claims filed by creditors, is asking the judge for powers that fly “in the face of” U.S. law and policy, said Bundesverband deutscher Banken, a German bank association, in a court filing.
United Overseas Bank Requests Trade Halt in Singapore (Update2) (Bloomberg)
5 January 2010
Jan. 6 (Bloomberg) -- United Overseas Bank Ltd. will hold a briefing after the Financial Times reported that Prudential Plc , the U.K.’s biggest insurer, will buy the life insurance unit of Singapore’s second-largest lender by market value.
KBC Groep to List Czech Bank on Prague Bourse by April, WSJ Says (Bloomberg)
5 January 2010
Jan. 6 (Bloomberg) -- KBC Groep NV, a Belgian bank, will list 20 to 49 percent of its Czech unit, Ceskoslovenska Obchodni Banka, on the Prague stock exchange by April, the Wall Street Journal reported, citing an interview with Petr Koblic, the exchange’s chairman, on Czech television yesterday.
BR Malls, Multiplan Rated ‘Buy’ in New Coverage at Deutsche Bank (Bloomberg)
5 January 2010
Jan. 6 (Bloomberg) -- BR Malls Participacoes SA, Brazil’s biggest owner of shopping malls, and Multiplan Empreendimentos Imobiliarios SA were given “buy” recommendations as Deutsche Bank AG initiated coverage of the country’s shopping center industry.
Bank of England to keep interest rate low: analysts (AFP via Yahoo! News)
5 January 2010
The Bank of England is expected to hold its key interest rate at a record-low 0.50 percent at a meeting on Thursday, analysts said, amid hopes that Britain will soon exit a deep and long-lasting recession.
Bank of Hawaii tops Forbes magazine list (AP via Yahoo! News)
5 January 2010
Forbes magazine has ranked Bank of Hawaii the top performer among the nation's 100 largest banks and thrifts.
Icelandic president angers Britain, Dutch over bank bill (AFP via Yahoo! News)
5 January 2010
Iceland's president on Tuesday refused to sign an unpopular bill to compensate Britain and the Netherlands over the failure of Icesave bank, triggering anger in London and The Hague.
JAL shares fall on report of support for carrier's bankruptcy - CNBC
5 January 2010
JAL shares fall on report of support for carrier's bankruptcyCNBCThe Nikkei business daily said state-owned Development Bank of Japan, JAL's main creditor, and the finance ministry were in favor of a court-led bankruptcy ...and more »...
Israeli army to seek legal advice during operations in light of war crimes ... - Newser
5 January 2010
Israeli army to seek legal advice during operations in light of war crimes ...NewserBut the Palestinians have refused to return to the negotiating table, saying they want Netanyahu to freeze all construction in the West Bank and east ...
69th annual banquet slated planned for Jan. 16 - The Cherokeean Herald
5 January 2010
69th annual banquet slated planned for Jan. 16The Cherokeean HeraldTickets may be purchased at Austin Bank, Citizens 1st Bank, Texas National Bank, True Value Hardware, The Daily Grind, Rusk Chamber of Commerce Office, ...
Asian Stocks Rise, Copper Climbs; Region's Bond Risk Declines - Bloomberg
5 January 2010
Asian Stocks Rise, Copper Climbs; Region's Bond Risk DeclinesBloombergThe Development Bank of Japan, the company's biggest creditor, and the Finance Ministry favor bankruptcy proceedings to restructure the airline, ...
CIA bomber coerced to work for Jordan agency - Khaleej Times
5 January 2010
CIA bomber coerced to work for Jordan agencyKhaleej TimesAl-Balawi came from a nomadic Bedouin clan from Tabuk, in western Saudi Arabia, which has branches in Jordan and the West Bank. ...
Staff Reports • Argus Leader • January 6, 2010 - Sioux Falls Argus Leader
5 January 2010
Staff Reports • Argus Leader • January 6, 2010Sioux Falls Argus Leader12 at AgriVisions 2010, sponsored by First Dakota National Bank. It will take place at the Mitchell Technical Institute Technology Center. ...
Long-term goals led to stock offering - Sioux Falls Argus Leader
5 January 2010
Long-term goals led to stock offeringSioux Falls Argus LeaderIt is from one of the largest investors in the Sioux Falls bank, PL Capital Group, a hedge fund based in Illinois and New Jersey, and was filed last month ...