Banks News Updates
Bank of America to deny debit card overdrafts (USA Today)
9 March 2010
Bank of America plans to stop letting consumers overdraw checking accounts with one-time debit card transactions that also trigger fees.
Bank of America Cuts Yen Forecast, Saying Kan May Temper Gains (Bloomberg)
9 March 2010
March 10 (Bloomberg) -- Bank of America-Merrill Lynch cut its forecasts for the yen, saying Japanese Finance Minister Naoto Kan has a “stronger resolve” to temper excessive gains in the currency than his predecessor did.
Biden's West Bank Tour Clouded by Settlement Plans (ABC News)
9 March 2010
US vice president's West Bank tour overshadowed by new Israeli settlement plans in Jerusalem West Bank - Israeli settlement - Middle East - Israel - Vice President of the United States...
Biden's West Bank tour clouded by settlement plans (AP via Yahoo! News)
9 March 2010
Israel's new plan to build 1,600 homes for Jews in east Jerusalem is overshadowing Vice President Joe Biden's visit to the West Bank.
Bank of America Ends Overdraft Fees on Debit Cards (ABC News)
9 March 2010
Bank of America to stop allowing overdrafts with debit cards ahead of new rules on fees Debit card - Bank of America - Business - Credit card - Financial services...
Bank of America ends overdraft fees on debit cards (AP via Yahoo! News)
9 March 2010
Bank of America customers will soon be unable to spend more than they have in the accounts linked to their debit cards. It's a step that may become a common move ahead of new regulations limiting overdraft fees.
Bank sued for seizing Pa. woman's home and parrot (AP via Yahoo! News)
9 March 2010
Bank of America has apologized to a Pittsburgh-area woman after one of its contractors allegedly trashed her house and took her parrot while wrongly repossessing her home.
40000-year-old site found - Straits Times
9 March 2010
40000-year-old site foundStraits Times... region now represents Tasmania's Valley of the Kings,' he added, referring to the world heritage listed Egyptian tombs on the west bank of the Nile. ...
Northern Rock reports lower losses - BBC News
9 March 2010
Northern Rock reports lower lossesBBC NewsThe bank lost £257.4m last year, compared with £1.36bn in 2008. It said it had seen an increase in mortgage lending across the year, while the amount of ...
Bold new Gaza play skewers Fatah and Hamas - Al-Arabiya (press release) (subscription)
9 March 2010
Bold new Gaza play skewers Fatah and HamasAl-Arabiya (press release) (subscription)Another character complains about the rival Palestinian governments in Gaza and the West Bank and their inability to bring about the lifting of the siege, ...
Land officials map out future plans - by John Ekongo - New Era
9 March 2010
New EraLand officials map out future plans - by John EkongoNew EraThe meeting ends on Friday, and is supported by MRL developmental partners, the German Development Cooperation (GTZ), the German Development Bank (KFW ...
Worst deposit accounts pay only 1 percent interest - Warsaw Business Journal
9 March 2010
Worst deposit accounts pay only 1 percent interestWarsaw Business JournalOne such bank is Pekao, which has said that this is a deliberate policy. The best deposit accounts on the market offer 6-7 percent interest. ...
China exports rebound extends into February - Bangkok Post
9 March 2010
Bangkok PostChina exports rebound extends into FebruaryBangkok PostAnd Bank of America-Merrill Lynch economists said they expected the recovery to continue, while a change in the currency regime could come as soon as "after ...
MGM Said to Consider Prepackaged Bankruptcy - New York Times (blog)
9 March 2010
MGM Said to Consider Prepackaged BankruptcyNew York Times (blog)MGM has been working on potential alternatives to a sale for some time, having hired advisers like the boutique investment bank Moelis & Company and the law ...