Banks News Updates
Anglo Irish Bank 15-month loss is $17.2 bln (AP via Yahoo! Finance)
31 March 2010
Anglo Irish Bank, the biggest casualty of Ireland's banking crisis, said Wednesday that it lost euro12.7 billion in the 15 months ending Dec. 31 as it took a massive euro15.1 billion in write-downs for bad loans.
Bank of China to Pay $879 Million for Rail Link Stake (Update1) (Bloomberg)
31 March 2010
March 31 (Bloomberg) -- Bank of China Ltd. agreed to pay 6 billion yuan ($879 million) for a 4.5 percent stake in a state- owned company that’s building a high-speed rail link between Beijing and Shanghai.
Taxpayers Loaned Bank $100 Million; Bank Leased Pittsburgh Steelers Stadium Suite (ABC News)
31 March 2010
When top officials at the U.S. Treasury Department invested $100 million in Pennsylvania-based First National Bank last year to help it ride out the economic slump, they probably did not think the bank 's executives would be shelling out six figures for luxury seating at Pittsburgh Steelers games. Pittsburgh Steelers - United States - Pittsburgh -...
Hamilton to Replace Mesquita at Brazil Central Bank (Update2) (Bloomberg)
31 March 2010
Mesquita is leaving for personal reasons to work on new projects after almost four years at the bank, according to a statement on the bank’s Web site.
Anglo Irish Bank in record loss (BBC News)
31 March 2010
Nationalised lender Anglo Irish Bank announces what is reported to be the largest corporate loss in Irish history.
E.U. Approves Irish Bank Aid, But Opens Inquiry (New York Times)
31 March 2010
The European Commission said Wednesday that, while it was approving the latest aid package for Anglo Irish Bank and Irish Nationwide Building Society, it would open an investigation into the total aid the lenders had received as well as the restructuring measures taken to address their weaknesses.
Bank of Ireland looks beyond "bad bank," recession (Reuters via Yahoo! News)
31 March 2010
Bank of Ireland is to raise private capital, potentially becoming the only member of an Irish "bad bank" scheme to escape a fresh bailout, as Dublin faces years of scrimping to plug the black hole created by the sector.
AfDB lends Tanzania $235m for roads, rail - Creamer Media's Engineering News
31 March 2010
AfDB lends Tanzania $235m for roads, railCreamer Media's Engineering NewsThe African Development Bank (AfDB) has lent Tanzania $235,45-million to finance infrastructure projects in east Africa's second largest economy, ...
Taylor Capital Names Mark Hoppe Chief Executive Officer - PR Newswire (press release)
31 March 2010
Taylor Capital Names Mark Hoppe Chief Executive OfficerPR Newswire (press release)Taylor Capital Group, Inc. is a $4.4 billion bank holding company for Cole Taylor Bank, a Chicago-based commercial bank specializing in serving the banking ...and more »...
Lost recap: "The Package" - FayObserver.com (blog)
31 March 2010
Lost recap: "The Package"FayObserver.com (blog)Sun's father, Mr. Ominous Paik, knew about her escape to LA plan and closed her secret bank account. Oh, and he paid Keemy and Patchy - yes! Patchy, folks! ...and more »...
Our secret is to always be the best of friends - Worcester News
31 March 2010
Our secret is to always be the best of friendsWorcester NewsAfter their wedding, the couple lived at a number of homes around Worcester before eventually settling at Spring Bank, Hindlip. The couple have two children ...
Clinton to co-chair Haiti authority - Drogheda Independent
31 March 2010
Clinton to co-chair Haiti authorityDrogheda Independent... Canada, Brazil, France, Venezuela and the European Union along with the Inter-American Development Bank, World Bank and United Nations. ...
FACTBOX-Nigeria Senate approves cabinet nominees - Reuters
31 March 2010
FACTBOX-Nigeria Senate approves cabinet nomineesReutersN), where he is responsible for Hedge Fund Consulting Services, part of the bank's prime brokerage unit. Aganga, 54, is a graduate of the University of ...and more »...
U.S., European Shares Drop, Treasuries Advance on ADP Jobs Data - San Francisco Chronicle
31 March 2010
U.S., European Shares Drop, Treasuries Advance on ADP Jobs DataSan Francisco ChronicleBank of Ireland Plc jumped 24 percent in Dublin after saying it expects to avoid state control by raising most of its 2.7 billion-euro target for capital ...and more »...