Bank of America shuts Brazil private banking unit - Reuters UK

SAO PAULO, Nov 30 (Reuters) - Bank of America Merrill Lynch (BAC.N) closed its private banking unit in Brazil, a source with knowledge of the situation told Reuters on Wednesday. The decision "is in line with the bank's global strategy of ... http://tinyurl.com/6s2gvp4

Coordinated central bank moves prompt monster stock rally - Miami Herald

WASHINGTON -- A surprise coordinated move Wednesday by the Federal Reserve and five other central banks to keep credit flowing amid the worsening debt crisis in Europe sparked a huge rally on Wall Street, but experts doubted the momentum would ... http://tinyurl.com/7gk8aa9

Bank of America shuts Brazil private banking unit - Reuters

SAO PAULO, Nov 30 (Reuters) - Bank of America Merrill Lynch closed its private banking unit in Brazil, a source with knowledge of the situation told Reuters on Wednesday. The decision "is in line with the bank's global strategy of exiting those ... http://tinyurl.com/866a2oo

As bank funding problems bite, lasting cure elusive - Reuters

LONDON, Nov 30 (Reuters) - A coordinated move by leading central banks to grease the wheels of the global banking system is likely to be followed by other steps to prevent the euro zone debt crisis from triggering a full-blown credit crunch and ... http://tinyurl.com/d6r4r5u

China, in Surprising Reversal, Moves to Spur Bank Lending - New York Times

HONG KONG � Faced with an economy that appears to be slowing faster than economists expected even a month ago, the Chinese government on Wednesday evening unexpectedly reversed its year-long move toward tighter monetary policy and took an ... http://tinyurl.com/6nsqk27

China cuts bank reserves in policy shift to lift economy - msnbc.com

BEIJING (Reuters) - China's central bank cut reserve requirements for commercial lenders on Wednesday for the first time in three years, a policy shift to ease credit strains and shore up an economy running at its weakest pace since 2009. China's policy ... http://tinyurl.com/cl86a9e

S&P Downgrades Goldman Sachs, Bank Of America, Wells Fargo And Citigroup - Huffington Post

NEW YORK � Standard & Poor's Ratings Services has lowered its credit ratings for many of the world's largest financial institutions, including the biggest banks in the U.S. Bank of America Corp. and its main subsidiaries are among the ... http://tinyurl.com/7fm4e5d

Oregon, U.S. Bank Agree To Eliminate Some Bank Fees For The Unemployed - Huffington Post

After nearly a month of negotiations, Oregon has reached an agreement with U.S. Bank to eliminate many of the fees the bank charges people to access their unemployment benefits. "The changes we have negotiated will benefit Oregon card users and ... http://tinyurl.com/c6sy23s

WRAPUP 1-Israeli bank profits beat expectations - Reuters

* Leumi Q3 net profit down 74 pct to 155 mln shekels * Hapoalim net profit falls 9 pct to 471 mln shekels * Discount Bank profit 121 mln shekels vs 284 mln * Fist Intl Bank profit 21 mln shekels vs 129 mln By Tova Cohen TEL AVIV, Nov 30 (Reuters ... http://tinyurl.com/cb3a87t

Bank of Ireland may face legal action on pension bonds - report - Reuters UK

LONDON (Reuters) - The Bank of Ireland (BKIR.I) could face renewed legal action from a campaign which represents about 2,000 British pensioners at threat of having 46 million pounds' worth of their bonds confiscated, the Independent reported on ... http://tinyurl.com/clcxwob

Bank exec guilty of embezzlement - Contra Costa Times

LONG BEACH -- A member of the founding family of Long Beach-based Farmers & Merchants Bank has pleaded guilty to embezzling almost $2 million from a customer's bank account in Orange County. Orange resident Matthew J. Walker, 34, who served as ... http://tinyurl.com/7nxu2uk

REFILE-UPDATE 3-Mexico central bank moves to defend peso - Reuters

MEXICO CITY, Nov 29 (Reuters) - Mexico's central bank moved to defend the peso on Tuesday as a slump in the currency risks fanning inflation and driving investors from the country's bond market. In its most forceful move to protect the peso ... http://tinyurl.com/d9kd6ro

Bank of America hits multi-year low, worry mounts - AP - msnbc.com

Bank of America Corp. shares hit their lowest point since March 2009 in Tuesday trading, as investors fretted over a host of issues ranging from the possible collapse of the euro to concerns over another round of stress tests for the Charlotte, N.C.-based ... http://tinyurl.com/7t4dtdh

Lebanon central bank says holds no Syria state funds - msnbc.com

Lebanon's Central Bank does not have to act in response to the Arab League's financial sanctions on Syria because Damascus does not have any funds deposited with it, the bank's governor Riad Salameh said on Monday. "Lebanon's Central Bank does not have any ... http://tinyurl.com/c4z4s2c

Bank of America Hits Fresh Two-Year Low, Testing $5 Level - Wall Street Journal

Bank of America was recently trading at $5.04, its lowest intraday level since March 2009. Trader chatter is that it could fall through $5. A close below $5 would be more than a psychological blow � it could result in some investors being ... http://tinyurl.com/c953o8j

Avoid new risk, World Bank tells Latam banks - Reuters

SAO PAULO, Nov 29 (Reuters) - Taking on new risk now could hamper the stability of Latin American banks, which have grown stronger in recent years by charging high interest rates and going slowly in financing investment and housing credit, the ... http://tinyurl.com/ch4mkzj

Bank manager stole nearly $2 million from customer's account - msnbc.com

SANTA ANA -- An Orange County bank manager admitted Monday to stealing nearly $2 million from a customer's account, authorities said. Matthew J. Walker, 34, of Orange at a U.S. District Court hearing pleaded guilty to stealing $1,973,000 over a 16-month ... http://tinyurl.com/d42f842

Poland's Bank Millennium fails to attract bids-sources - Reuters

WARSAW Nov 25 (Reuters) - Portugal's Millennium bcp has failed to attract any final bids for its Polish unit Bank Millennium as the prospective European buyers are too preoccupied with their own capital positions, banking sources said on Friday ... http://tinyurl.com/d7tnxv9

DIARY - Major Central Bank Meetings for 2011 - 2012 - Reuters UK

Please note the diaries mentioned above can be accessed only from Thomson Reuters products. Please find below a list of dates of meetings and interest rate decisions in 2011 from key central banks around the world. ** More countries will be ... http://tinyurl.com/dyzrfv7

Bank of Israel Cuts Rate Again as It Warns of Europe Contagion - Businessweek

Nov. 29 (Bloomberg) -- The Bank of Israel cut its benchmark interest rate for the second time in three months as it warned that the European debt crisis is "becoming more severe and is spreading." The monetary policy committee lowered the ... http://tinyurl.com/cnm9vsj

UPDATE 1-Europe is not seeking UAE help - c.bank gov - Reuters

ABU DHABI, Nov 29 (Reuters) - European leaders and the European Central Bank have not asked the United Arab Emirates for aid to help contain the euro zone debt crisis, the country's central bank governor said on Tuesday. Euro zone finance ... http://tinyurl.com/bsjv82d

Wisconsin bank settles overdraft case, joins BofA - Reuters

Nov 28 (Reuters) - A unit of Wisconsin lender Associated Banc-Corp has agreed to pay $13 million to settle consumer litigation accusing it of charging excessive overdraft fees. The settlement by Associated Bank NA was disclosed in a filing on ... http://tinyurl.com/7lozqjt

Bank of America got massive Fed rescue, Bloomberg reports - The Business Journal

Former Bank of America CEO Ken Lewis was touting the bank's strength to shareholders in late 2008 even as his bank owed the Fed billions in emergency loans. The report relies heavily on a two-year Freedom of Information Act court battle that Bloomberg ... http://tinyurl.com/br93ndq

ViewPoint Bank to Open Lake Highlands Office December 1 - Yahoo Finance

PLANO, Texas , Nov. 28, 2011 /PRNewswire/ --�ViewPoint Bank is opening a new full-service location in Lake Highlands at 9625 Audelia Road. The new bank, opening Thursday, December 1, 2011 , features two drive-thru lanes and a drive-up ATM. "We ... http://tinyurl.com/7txlp5p

Turkey's Lira Heads for Biggest Advance in One Month as Bank Cuts Funding - Bloomberg

The lira headed for its biggest increase in more than a month as the Turkish central bank reduced its one-week repo funding and record U.S. Thanksgiving sales boosted demand for emerging-market currencies. The lira advanced 1.5 percent to 1.8575 ... http://tinyurl.com/d55gf9h