BANKING NEWS
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Wed, 23 Jul 2008 21:05:00 GMT
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Benjamin Franklin Bancorp Reports Results for Second Quarter of 2008; Declares Quarterly Dividend
Wed, 23 Jul 2008 21:05:00 GMT
FRANKLIN, Mass.--(BUSINESS WIRE)--Benjamin Franklin Bancorp, Inc. (the 'Company' or 'Benjamin Franklin') (Nasdaq: BFBC - News), the bank holding company for Benjamin Franklin Bank (the ?Bank?), today reported net income of $1.2 million, or $.16 per
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Commerce Bank, TD Banknorth to re-brand as TD Bank, America's Most Convenient Bank
Wed, 23 Jul 2008 21:03:00 GMT
U.S. banks Commerce Bank and TD Banknorth today announced that they will change the brand name for their combined operations to TD Bank, America's Most Convenient Bank, in place of he previously announced TD Commerce Bank name."We have decided to move
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Eurasian Bank restyling group brand
Wed, 23 Jul 2008 21:02:00 GMT
Almaty. July 23. Interfax-Kazakhstan - Eurasian Bank and its subsidiaries have begun a brand restyling campaign. The full version is available for subscribers only. To subscribe please contact us at: ALMATY Tel./fax: (727) 250-13-90 E-mail:
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No plans to split Citigroup, says CFO
Wed, 23 Jul 2008 21:02:00 GMT
Citigroup Inc Chief Financial Officer Gary Crittenden says there are no plans to split the company up because of credit-related problems and that its capital levels remain strong. Crittenden, speaking on a conference call with fixed-income investors,
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TD drops Commerce Bank name in U.S.
Wed, 23 Jul 2008 21:02:00 GMT
Toronto-Dominion Bank, Canada's second-largest lender, dropped the 'Commerce' name from its U.S. branches because of a legal challenge from a rival in Massachusetts. A U.S. federal court prevented Toronto-Dominion from using the proposed TD Commerce name
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FMA repudiates the repeated false factual statements or misinterpretations of facts by Meinl Bank
Wed, 23 Jul 2008 21:02:00 GMT
The Financial Market Authority FMA wishes to correct the repeated false factual statements and misinterpretations of facts made by Meinl Bank to the media: Peter Weinzierl, Member of the Management Board of Meinl Bank, claimed in an interview with the
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Financial Winners & Losers: Fannie Mae
Wed, 23 Jul 2008 21:01:00 GMT
AIGETFC (Stocks Under $10 PICK) FNM FRE NCC PHLY WM Article Tools Editor's Picks Be the First Member to Recommend this article Recommend it Financial stocks rallied again Wednesday after it looked more certain President Bush would not veto the House's
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Declaration Barclays Bank Plc. as a scheduled Bank
Wed, 23 Jul 2008 21:01:00 GMT
State Bank of Pakistan (SBP), in exercise of the powers conferred on it by clause (a) of Sub-Section (2) of Section 37 of the SBP Act, 1956, is pleased to declare Barclays Bank Plc. as a scheduled Bank with effect from July 23, 2008.
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FNB United to Present at KBW Community Bank Investor Conference
Wed, 23 Jul 2008 21:01:00 GMT
ASHEBORO, N.C.--(BUSINESS WIRE)--FNB United Corp. (NASDAQ:FNBN - News), the holding company for CommunityONE Bank, N.A., today announced that Michael C. Miller, President and CEO, is scheduled to present at the Keefe, Bruyette & Woods Ninth Annual
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A pre-approved line of credit that the bank cannot withdraw on a whim is a great comfort for any chief financial officer, but one that Basel II rules are about to remove for good.6:50 AM
Wed, 23 Jul 2008 21:00:00 GMT
Businesses are in for a shock when some of the new Basel II international banking rules start to apply on October 1. Debt funding has already tripled in price and in many cases is simply not available, as banks themselves find their own funding dry up.
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First Commonwealth Financial Corporation to Participate at KBW Community Bank Investor Conference
Wed, 23 Jul 2008 21:00:00 GMT
INDIANA, Pa., July 23 /PRNewswire-FirstCall/ -- John J. Dolan, President and CEO of First Commonwealth Financial Corporation (NYSE: FCF - News), and Edward J. Lipkus, Executive Vice President and Chief Financial Officer, will speak at the Community Bank
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Kazakhstan\'s BTA Bank increases its stake in Russia\'s BTA Bank from 15.6% to 52.84%
Wed, 23 Jul 2008 20:59:00 GMT
Almaty. July 23. Interfax-Kazakhstan - BTA Bank, a Kazakhstan-base commercial banks, has increased its share in the registered capital of Russia\'s BTA Bank Limited Liability Company (earlier called Slavinvestbank) from 15.6% to 52.84%, BTA Bank
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Banks Paying a Price for Their Epic Greed
Wed, 23 Jul 2008 20:59:00 GMT
Is banking merely a grubby game where the few enrich themselves at the expense of the many? Tools Share and save this post: Also in Corporate Accountability and WorkPlace Matt Taibbi Bill Moyers Scott Thill Bill Moyers, Michael Winship Matt Taibbi
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Reserve Bank to set OCR
Wed, 23 Jul 2008 20:59:00 GMT
The Reserve Bank is expected to set the official cash rate later on Thursday morning. Many economists doubt the Reserve Bank will cut interest rates. They say it's too early to expect interest rate cuts now but predict they will fall sharply in
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Study: Online Banking Possibly Dicier Than AssumedLoading...
Wed, 23 Jul 2008 20:58:00 GMT
SAN FRANCISCO_Many banks are unwittingly training their online customers to take risks with their passwords and other sensitive account information, leaving them more vulnerable to fraud, new research shows. The Remainder of this Article is Available To
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OAK Financial Corporation, Parent Company of Byron Bank, Reports Second Quarter Results
Wed, 23 Jul 2008 20:58:00 GMT
BYRON CENTER, Mich.-- (BUSINESS WIRE) -- OAK Financial Corporation (OTCBB:OKFC), a West Michigan-based bank holding company, reported second quarter net income of $1,199,000, down 32% from the $1,752,000 reported in the second quarter of 2007. Basic and
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Zain-Jordan, Arab Bank launch joint credit card
Wed, 23 Jul 2008 20:58:00 GMT
Zain-Jordan Telecommunications Company in partnership with Jordan's Arab Bank on Wednesday launched a joint credit card that provides customers with many advantages in shopping and paying financial obligations, inside or outside Jordan. A statement by
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First Commonwealth Financial Corporation to Participate at KBW Community Bank Investor Conference
Wed, 23 Jul 2008 20:57:00 GMT
INDIANA, Pa., July 23 /PRNewswire-FirstCall/ -- John J. Dolan, President and CEO of First Commonwealth Financial Corporation (NYSE: FCF), and Edward J. Lipkus, Executive Vice President and Chief Financial Officer, will speak at the Community Bank
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Central Jersey Bancorp Reports Second Quarter 2008 Net Income
Wed, 23 Jul 2008 20:56:00 GMT
(PRIME NEWSWIRE) -- Central Jersey Bancorp (Nasdaq: CJBK), the parent company of Central Jersey Bank, N.A., reported net income of $1.3 million for the six months ended June 30, 2008, as compared to a net loss of $527,000 for the same period in 2007.
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Banco Macro S.A. Files Annual Report on Form 20-F
Wed, 23 Jul 2008 20:55:00 GMT
BUENOS AIRES, Argentina, July 23 /PRNewswire-FirstCall/ -- The management of Banco Macro S.A. (NYSE: BMA; Buenos Aires: BMA) ('Banco Macro' or 'BMA') announced that it filed its annual report on Form 20-F on June 30, 2008, for the fiscal year ended
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Indonesian central bank official sees stronger rupiah
Wed, 23 Jul 2008 20:53:00 GMT
(SINGAPORE) A sustained balance of payments surplus in Indonesia will support the country's currency and so help contain inflation, which is being driven up by soaring import costs, a central bank official said on Tuesday.
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Bank Indonesia makes fighting inflation its priority
Wed, 23 Jul 2008 20:53:00 GMT
(JAKARTA) Bank Indonesia governor Boediono said fighting inflation will be the central bank's priority for the next one-and-a-half years, leaving the government to focus on boosting growth in South-east Asia's biggest economy.
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Barclays director takes charge of Northern Rock
Wed, 23 Jul 2008 20:53:00 GMT
Nationalised mortgage lender Northern Rock has hired a Barclays director as its new chief executive on a package that will net him at least 1.1m in his first year. The bank said that Gary Hoffman, currently group vice chairman and executive director of
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China's banks told to tighten mortgages
Wed, 23 Jul 2008 20:52:00 GMT
Extract not available.
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Preferred Bank to Present at Keefe, Bruyette & Woods 9th Annual Community Bank Investor Conference
Wed, 23 Jul 2008 20:52:00 GMT
Extract not available.
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Central Jersey Bancorp Reports Second Quarter 2008 Net Income
Wed, 23 Jul 2008 20:51:00 GMT
Central Jersey Bancorp reported net income of $711,000, as compared to $735,000 for the same period in 2007. Basic and diluted earnings per share were $0.08 and $0.07, respectively, for the three months ended June 30, 2008, as compared to basic and
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Banco Macro S.A. Files Annual Report on Form 20-F
Wed, 23 Jul 2008 20:51:00 GMT
BUENOS AIRES, Argentina, July 23 Banco-Macro-Form-20-F BUENOS AIRES, Argentina, July 23 -- The management of Banco Macro S.A. (NYSE: BMA; Buenos Aires: BMA) ('Banco Macro' or 'BMA') announced that it filed its annual report on Form 20-F on June 30, 2008,
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Charges against UBS may be filed soon
Wed, 23 Jul 2008 20:51:00 GMT
(BANGALORE) New York attorney general Andrew Cuomo is preparing to file civil securities-fraud charges against UBS AG, possibly as early as this week, the Wall Street Journal said yesterday.
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Approach spurs Moneysupermarket.com shares
Wed, 23 Jul 2008 20:48:00 GMT
The value of moneysupermarket.com jumped almost 75 million yesterday after a takeover approach for the price comparison website. Simon Nixon, the founder of moneysupermarket.com, saw the value of his 54 per cent stake in the company increase by 40
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