Banks News Updates
Choosing between bank loans and equity financing (Los Angeles Times)
22 February 2010
Dear Karen: When financing my business, how do I decide when to get bank loans and other debt financing and when to seek equity from outside investors?
Bank of America Said to Hire Ex-Merrill Managers Kaplan, Chapin (Bloomberg)
22 February 2010
Feb. 22 (Bloomberg) -- Bank of America Corp. is hiring former Merrill Lynch & Co. executives Todd Kaplan and Samuel Chapin , who left amid last year’s acquisition of the securities firm, according to a person with knowledge of the matter.
Clashes erupt over Israeli plan to restore West Bank sites (AFP via Yahoo! News)
21 February 2010
Palestinians clashed Monday with Israeli troops in the West Bank town of Hebron amid outrage over an Israeli plan to restore two flashpoint Jewish holy sites in the occupied territory.
DAB Bank Fourth-Quarter Profit Falls 33% on Lower Trading Fees (Bloomberg)
21 February 2010
Feb. 22 (Bloomberg) -- DAB Bank AG , the German online broker controlled by Italy’s UniCredit SpA, said fourth-quarter profit declined 33 percent as a gain in financial income failed to offset lower fees for executing customer trades.
Bank Research Consensus Weekly 02.22.10 (Daily FX via Yahoo! Finance)
21 February 2010
How many ‘r's can you fit in a title? If you were following central bank exit strategies this week, then quite a few. First, Fed Chairman Bernanke's speech on February 10 sketched quite a fluid picture at the Fed, where a vibrant debate about the different nature of this tightening cycle seems to revolve around some innovative yet practical strat...
Deutsche Bank Takes $4.6 Billion BMW U.K. Pension Risk, FT Says (Bloomberg)
21 February 2010
Feb. 22 (Bloomberg) -- Deutsche Bank AG is to assume the longevity risks of nearly 3 billion pounds ($4.6 billion) of pension liabilities from Bayerische Motoren Werke AG’s U.K. plan, the Financial Times reported, citing Martin Bird, head of longevity and risk solutions at Hewitt Associates, which advised the trustees.
Kabul Bank's Sherkhan Farnood feeds crony capitalism in Afghanistan (Washington Post)
21 February 2010
KABUL -- Afghanistan's biggest private bank -- founded by the Islamic nation's only world-class poker player -- celebrated its fifth year in business last summer with a lottery for depositors at Paris Palace, a Kabul wedding hall.
Fixed rate mortgages prove popular - MSN Money UK
22 February 2010
Fixed rate mortgages prove popularMSN Money UKThe popularity of the deals bucked the usual trend, which sees people opting to fix their interest rate at a time when the Bank of England base rate is ...
The ANC is "papering over the cracks" in neo-liberal Industrial policy. - The Richmark Sentinel
22 February 2010
The ANC is "papering over the cracks" in neo-liberal Industrial policy.The Richmark SentinelI worked all the time with all the banks including the Lande Bank, the IDC and Business Partners. The ANC is lying through its teeth about our economic ...
These NPP Parliamentarians Are A Nuisance!! - Peace fm Online
22 February 2010
These NPP Parliamentarians Are A Nuisance!!Peace fm OnlineThe NPP MPs are once again cutting off their noses to spite their own faces. By the end of that ordeal, they will emerge none the better. ...and more »...
Men's Basketball: Furious comeback falls short at Wisconsin despite Shurna's ... - Daily Northwestern
22 February 2010
Men's Basketball: Furious comeback falls short at Wisconsin despite Shurna's ...Daily NorthwesternHe abused Wisconsin's Tim Jarmusz for the better part of 40 minutes on a variety of pullups, bank shots in traffic and hard drives to the hole to the tune ...and more »...
Euro climbs to $1.3633 in European trading - CNBC
22 February 2010
Euro climbs to $1.3633 in European tradingCNBC... the financial crisis surrounding Greece, which uses the currency, and the decision last week by the Federal Reserve Bank to lower its discount rate. ...
Haslett's economic curiosity fuels book - Louisville Courier-Journal
22 February 2010
Haslett's economic curiosity fuels bookLouisville Courier-JournalDoug eventually becomes a deregulation expert with Boston's Union Atlantic bank, the sort of New Money-type who drives a monster SUV and lives in a home ...
Orrick Advises on a Series of Indian Capital Markets Transactions - Market Wire (press release)
22 February 2010
Orrick Advises on a Series of Indian Capital Markets TransactionsMarket Wire (press release)In 2009, ISM announced that is was to be acquired by US independent investment bank Broadpoint.Gleacher. The acquisition will create a global financial ...