Banks News Updates
NIC Bank’s Annual Interest Income Rose to 2.41 Billion Shillings (Bloomberg)
23 February 2010
Feb. 24 (Bloomberg) -- NIC Bank Ltd, a Kenyan lender, said group net interest income for the 12 months through December rose to 2.41 billion shillings from 2.02 billion shillings a year earlier.
S. African Central Bank to Accumulate Reserves Whenever Possible (Bloomberg)
23 February 2010
Feb. 24 (Bloomberg) -- South Africa’s central bank will continue to accumulate reserves whenever possible, the Pretoria- based Reserve Bank said in an e-mailed statement yesterday, aimed at clarifying a report issued by the South African Press Association.
New bank tries to steer deals in technology, media (San Francisco Chronicle)
23 February 2010
Code Advisors bills itself as a "next-generation" investment bank, but what it really wants to be is the deftest traffic cop at the raucous intersection of technology and media. The bank, which formally opens its doors Wednesday, hopes to find new... Investment Banks - Technology - Business - Financial Services - Banking Services...
New bank tries to steer deals in technology, media (AP via Yahoo! News)
23 February 2010
Code Advisors bills itself as a "next-generation" investment bank, but what it really wants to be is the deftest traffic cop at the raucous intersection of technology and media.
Slamming Bank of America With Fine Slams Victims: Ann Woolner (BusinessWeek)
23 February 2010
U.S. District Court Judge Jed S. Rakoff really, really, really wanted to toss out a $150 million settlement between Bank of America Corp. and federal regulators this week.
Bank of America resisting shareholders on executive pay (Los Angeles Times)
23 February 2010
Unlike other financial giants, the bank is working to keep investor proposals on executive compensation off the ballot. Since Brian Moynihan took over as chief executive at Bank of America Corp. at the turn of the year, he has sought to convey a flexible and cooperative attitude.
Israel names two biblical tombs in West Bank heritage sites (The Christian Science Monitor via Yahoo! News)
23 February 2010
Palestinian leaders from both Gaza and the West Bank warned Tuesday of possible violence in response to the Israeli government's decision to include two biblical tombs in Palestinian cities on a list of Israeli national heritage sites.
Money, Myths and Solar Power - Sunpluggers.com
23 February 2010
Money, Myths and Solar PowerSunpluggers.comInvestment returns for homeowners may be as high as 12 percent, at a time when bank interest rates range from 1 to 2 percent. Flashy returns are being ...
Internet Gold Reports Record Financial Results for Q4 2009 - StreetInsider.com (subscription)
23 February 2010
Internet Gold Reports Record Financial Results for Q4 2009StreetInsider.com (subscription)... a consortium of banks led by Bank Hapoalim. o The signing of a financing agreement of up to NIS 500 million (up to $133 million) with Migdal Insurance. ...
BoComm Seeks RMB 42b Issue, Everbright Seeks IPO - JLM Pacific Epoch
23 February 2010
BoComm Seeks RMB 42b Issue, Everbright Seeks IPOJLM Pacific EpochBank of Communications (BoCom) (3328.HK, 601328.SH) has proposed a dual A-shares and H-shares rights issue to raise up to RMB 42 billion in order to improve ...
$286M BUYOUT GONE TO ASHES - National Post
23 February 2010
$286M BUYOUT GONE TO ASHESNational PostThey just handed it out like free money, and these guys are laughing all the way to the bank." But Fred Neukamm, chairman of the Ontario Fluecured Tobacco ...
BOJ Yamaguchi says ready to act as deflation weighs - Forex Pros
23 February 2010
BOJ Yamaguchi says ready to act as deflation weighsForex ProsKAGOSHIMA, Japan, Feb 24 (Reuters) - Bank of Japan Deputy Governor Hirohide Yamaguchi said the central bank was ready to act to beat ...
Banker jailed three years for stealing - Joy Online
23 February 2010
Banker jailed three years for stealingJoy OnlineMoses Odotei Mensah, a banker, who as Manager of the Pramkese Agency of the Kwaebibirem Rural Bank, stole GH¢ 24827, was on Tuesday sentenced to a term of ...
Velo wins U.K. reprieve, but deal expires - Calgary Herald
23 February 2010
Velo wins U.K. reprieve, but deal expiresCalgary HeraldOilexco was once worth $4.3 billion in market capitalization, but became insolvent last year when it could not replace bank debt. Velo advised Tuesday that ...