Banks News Updates
Judge Questions Bank of America’s New Deal With S.E.C. (New York Times)
8 February 2010
A federal judge left open the possibility on Monday that he might reject a new $150 million settlement between the Securities and Exchange Commission and Bank of America over the bank’s controversial takeover of Merrill Lynch , a move that could force the case to go to trial, Louise Story reports in The New York Times.
BRE Bank Fourth-Quarter Profit Rises 16%, Misses Estimates (Bloomberg)
8 February 2010
Feb. 9 (Bloomberg) -- BRE Bank SA, the Commerzbank AG unit that’s Poland’s third-biggest bank by assets, said fourth- quarter profit rose to 40.8 million zloty from 35.2 million zloty a year earlier. That compares with the 50 million-zloty median estimate of 11 analysts surveyed by Bloomberg.
Swiss bank UBS returns to profit (BBC News)
8 February 2010
Swiss bank UBS reports its first quarterly profit for a year, helped by lower costs and a large tax credit...
Swiss bank UBS returns to quarterly profit (AFP via Yahoo! News)
8 February 2010
Troubled Swiss bank UBS said Tuesday that it had returned a 1.20 billion Swiss franc profit (1.12 billion dollars, 821 million euros) in the final quarter of 2009, shrugging off more than a year of quarterly losses.
China's biggest bank tightens lending controls (AP via Yahoo! Finance)
8 February 2010
China's biggest bank said Tuesday it will curb lending for real estate and industrial projects as the government tries to limit excess investment and cool what it worries is a dangerous bubble in asset prices.
Mizuho Corp Bank Keeps Long Prime Rate At 1.65% (Fox News)
8 February 2010
Mizuho Corp Bank Keeps Long Prime Rate At 1.65%...
Shinsei, Aozora Bank Merger May Collapse, Credit Suisse Says (BusinessWeek)
8 February 2010
Shinsei Bank Ltd., the Japanese lender partly owned by U.S. investor Christopher Flowers, may cancel its merger with Aozora Bank Ltd. and book a loss, Credit Suisse Group AG said in a report.
China's Loan Growth, Inflation Probably Accelerated - Bloomberg
8 February 2010
China's Loan Growth, Inflation Probably AcceleratedBloombergNew bank lending totaled 1.38 trillion yuan ($201 billion) last month, according to the median estimate of 16 economists in a Bloomberg News survey ahead of ...
Piccolino owner to beat analysts' profit forecasts - Crain's Manchester Business
8 February 2010
Piccolino owner to beat analysts' profit forecastsCrain's Manchester BusinessNet debt was £12.4m at the year end compared with £15.8m at the end of 2008 and IRC has only drawn down £12.4m of its £18.5m bank loan facility and expects ...
Oil rises above $72 on weak dlr, Greek rescue talk-UPDATE 1 - Forexyard
8 February 2010
Oil rises above $72 on weak dlr, Greek rescue talk-UPDATE 1Forexyard... clambering off last week's 8-½-month low on speculation of a rescue for struggling Greece after European Central Bank chief Jean-Claude Trichet left a ...
= INTERVIEW:S&P Sees Mideast Corp Defaults, Plans Growth -Exec - Zawya
8 February 2010
= INTERVIEW:S&P Sees Mideast Corp Defaults, Plans Growth -ExecZawyaEmirates NBDEmirates NBD, the region's largest bank by assets, last month ended its relationship with S&P amid signs of rising tensions between UAE ...
GE Capital appoints Malcolm CEO - Sydney Morning Herald
8 February 2010
GE Capital appoints Malcolm CEOSydney Morning HeraldGE Capital has appointed Skander Malcolm as chief executive for Australia and New Zealand to replace Steve Sargent who has been promoted to chief of Asia ...and more »...
MK Ben-Ari: State destroying synagogues with heavy foot - Ynetnews
8 February 2010
MK Ben-Ari: State destroying synagogues with heavy footYnetnewsMember of Knesset Michael Ben-Ari (National Union) condemned the demolition of the synagogue in the outpost next to the West Bank settlement of Nahliel for ...
Politics at play in Toyota woes; no trade wars seen - Economic Times
8 February 2010
Politics at play in Toyota woes; no trade wars seenEconomic Times... that lax bank regulation led to the financial crisis, to the tough spot President Barack Obama's Democrats are in ahead of November mid-term elections. ...