Banks News Updates
China’s Central Bank Hits Brake on Hot Economy (New York Times)
12 February 2010
For the second time in less than five weeks, China’s central bank has moved to limit lending, a step that came earlier than most economists had expected.
European Investment Bank Clears Loan for Saab (New York Times)
12 February 2010
The European Investment Bank approved a loan of 400 million euros ($543 million) Friday to the automaker Saab Automobile.
Shinsei Bank, Aozora Call Off October Merger, Nikkei Reports (Bloomberg)
12 February 2010
Feb. 13 (Bloomberg) -- Shinsei Bank Ltd. , the Japanese lender partly owned by U.S. investor Christopher Flowers , and Aozora Bank Ltd. have called off their merger after failing to agree on a business strategy, Nikkei English News reported.
$1M bail for man accused in Neb. bank standoff (AP via Yahoo! News)
12 February 2010
Bail has been set at $1 million for a man suspected of holding hostages at gunpoint in a southern Nebraska bank.
Suspect in Nebraska bank standoff faces 7 charges (AP via Yahoo! News)
12 February 2010
Prosecutors have filed seven felony counts against a man suspected of holding hostages at gunpoint in a southern Nebraska bank.
China raises bank reserve level to cool credit (AP via Yahoo! News)
12 February 2010
China moved to curtail bank lending Friday for the second time in a month in the latest effort to cool down its supercharged economy.
Wall St tumbles as China tightens bank rules (Reuters via Yahoo! News)
12 February 2010
U.S. stocks fell on Friday after a surprise move by China to restrict bank lending to cool its surging economy weighed on commodity prices and resource shares.
Saab clears last regulatory hurdle to sale - Washington Post
12 February 2010
Saab clears last regulatory hurdle to saleWashington PostGeneral Motors' $400 million sale of Saab Automobile to Spyker Cars cleared its final regulatory hurdle as the European Investment Bank approved a loan, ...
Water skier killed in Murray River crash - Herald Sun
12 February 2010
Water skier killed in Murray River crashHerald SunIt's believed witnesses watched in horror from the river bank as two men collided. It's unknown if they were racing or practising at the time of the ...
Lobbyists didn't suffer a slowdown in 2009 - Boston Globe
12 February 2010
Lobbyists didn't suffer a slowdown in 2009Boston GlobeSome large financial institutions, including Bank of America and New York-based Goldman Sachs , decreased their lobbying spending as they accepted federal ...
Inflation not our only focus, says RBI - Moneycontrol.com
12 February 2010
Inflation not our only focus, says RBIMoneycontrol.comThe Reserve Bank of India (RBI) governor said on Saturday that the bank could not just focus on inflation given growth concerns. The RBI governor Duvvuri ...
Local bank manager faces prison for thefts - Oxford Press
12 February 2010
Local bank manager faces prison for theftsOxford PressThe incidents occurred at Northside Bank and Trust in Hamilton County and First Financial Bank in Butler County between August 2008 and August 2009. ...
Financing line for energy efficiency launched in Moldova - Moldpress
12 February 2010
Financing line for energy efficiency launched in MoldovaMoldpressChisinau, 12 February /MOLDPRES/ - Moldova's sustainable energy financing facility (MoSEFF) was officially launched on 11 February by the European Bank for ...
Furloughs, holiday close offices, businesses - Pueblo Chieftain
12 February 2010
Furloughs, holiday close offices, businessesPueblo ChieftainThey will be in the office attending in-service training. Some banks will be closed Monday. US Bank will be closed, but Wells Fargo banks will be open.