Banks News Updates
Hong Kong Stocks Advance for Third Day; Bank of East Asia Gains (Bloomberg)
10 February 2010
Feb. 11 (Bloomberg) -- Hong Kong stocks rose for a third day after China’s inflation slowed, easing concerns the nation will rein in economic growth, and Bank of East Asia Ltd. returned to profit.
Commonwealth Bank Sees More Loans After Record Profit (Update1) (BusinessWeek)
10 February 2010
Commonwealth Bank of Australia, the nation’s biggest lender, forecast strengthening demand for loans and fewer bad debts after posting record profit in its fiscal first half as the financial crisis abates.
Gordon Brown says global bank tax near: report (AFP via Yahoo! News)
10 February 2010
Prime Minister Gordon Brown has said major economies are close to agreeing a global bank tax and hinted a deal could be reached at a G20 summit in June, in an interview published Thursday.
Bank of East Asia Returns to Profit in Second Half (Update2) (Bloomberg)
10 February 2010
Feb. 11 (Bloomberg) -- Bank of East Asia Ltd. , the third- biggest Hong Kong lender by market value, returned to profit in the second half of last year on rising lending in China and the absence of losses on collateralized debt obligations.
Bank of Korea keeps rate at record low 2 percent (AP via Yahoo! News)
10 February 2010
South Korea's central bank left its key interest rate at a record low Thursday after the country's economic growth slowed at the end of last year, unemployment spiked to a nine-year high in January and concerns grew over financial turmoil in Europe.
Britain's Brown says global bank tax near: report (AFP via Yahoo! News)
10 February 2010
Britain's Prime Minister Gordon Brown has said major economies are close to agreeing a global bank tax and hinted a deal could be reached at a G20 summit in June, in an interview published Thursday.
Bank bailout watchdog warns of commercial real estate crisis (Reuters via Yahoo! News)
10 February 2010
The commercial real estate market has fallen more than 40 percent from early 2007 and a wave of loan failures in the next few years could threaten the economy just as it struggles back to its feet, a report from the panel overseeing the $700 billion bank bailout said.
Davis loses control of Grant Park condo tower - Crain's Chicago Business
10 February 2010
Davis loses control of Grant Park condo towerCrain's Chicago BusinessHe launched the Columbian in 2005 with a $92-million loan from Corus Bank, an $18.5-million mezzanine loan from a Fidelity real estate fund and $6 million ...
Diebold's Outsourcing Attracted Palmetto Bank - RFPConnect.com
10 February 2010
Diebold's Outsourcing Attracted Palmetto BankRFPConnect.comThe Palmetto Bank of Greenville, SC recently enlisted Diebold, Incorporated to implement a comprehensive self-service outsourcing solution. ...
APD foils kidnapping attempt - Valley Courier Online
10 February 2010
APD foils kidnapping attemptValley Courier OnlineIt was shortly before 9 am when the routine of midweek business was interrupted at San Luis Valley Federal Bank's main office at Main St. and Edison Ave. in ...
Rio Swings to Second-Half Profit, Reinstates Dividend - Bloomberg
10 February 2010
Rio Swings to Second-Half Profit, Reinstates DividendBloombergThe World Bank last month raised its forecast for global growth in 2010 to 2.7 percent after the worst recession since the end of World War II. ...
European, US Stock-Index Futures Advance; Asian Stocks Rise - Bloomberg
10 February 2010
European, US Stock-Index Futures Advance; Asian Stocks RiseBloombergCredit Suisse Group AG may fall after Switzerland's biggest bank by market value reported earnings that missed analysts' estimates. European stocks rose for ...
Idaho woman faced financial woes before Haiti trip - KESQ
10 February 2010
Idaho woman faced financial woes before Haiti tripKESQIn 2008, she bought a newly built five-bedroom home on a half-acre lot in Meridian - which the bank foreclosed on last December. At the same time, ...
Asian Shares Mostly Higher Despite US Losses - CNBC
10 February 2010
Asian Shares Mostly Higher Despite US LossesCNBCReaction to the Bank of Korea's decision to leave interest rates unchanged at a record low of 2% was muted as that decision was widely expected. ...