Bank News: June 2011

Thursday, June 30, 2011

Indian ADRs Dr Reddys slips 1 3 HDFC Bank up 2 5 ï¿½ Moneycontrol.com

Indian ADRs Dr Reddys slips 1 3 HDFC Bank up 2 5Moneycontrol.comIn the banking space, ICICI Bank was up 0.49% at $ 49.3 and HDFC Bank was up 2.49% at $ 176.39. In other sectors, Tata Motors was up 0.99% at $ 22.51, while Sterlite Industries was down 0.... http://twlv.net/gfgT2o

Credit Default Swaps costs soar as rate hikes raise risks for banks ï¿½ Daily News & Analysis

Credit Default Swaps costs soar as rate hikes raise risks for banksDaily News & AnalysisBy Vivina Vishwanathan & Vishwanath Nair | Place: Mumbai | Agency: DNA The risk of a default by ICICI Bank, State Bank of India, IDBI Bank and Bank of India in ... http://twlv.net/pHONwq

Finance groups accused over Libyan losses ï¿½ Financial Times

Finance groups accused over Libyan lossesFinancial TimesThe latest disclosures of LIA dealings with financial institutions came after revelations of losses on deals structured by Goldman Sachs of the US and France's Société Générale. The US Sec... http://twlv.net/u75HMc

FOREX-Euro rally fades a bit as focus turns to data ï¿½ Reuters

FOREX-Euro rally fades a bit as focus turns to dataReuters"With Greece passing the votes to clear the way for the next tranche of EU/IMF support, the key to a move to EUR/USD 1.50 and beyond is confirmation that the soft patch is not something muc... http://twlv.net/rxtorQ

Summary Box: Stocks extend rally on Greek vote (AP)

AP - GREECE: Stocks rose after Greek lawmakers passed a cost-cutting bill that had to be approved before international lenders would release $17 billion in rescue funds. http://twlv.net/pYPvKj

Toyota aiming for parent-only operating profit: Nikkei (Reuters)

Reuters - Toyota Motor Corp (7203.T) will continue to slash costs in a bid to swing back to an operating profit on a parent-only basis, The Nikkei business daily reported. http://twlv.net/Kaxu0f

Bank of America: Talking Tough, Then Settling - CNBC

Bank of America sure talked tough when it came to fighting claims by investors that it should buy back soured mortgages securities. Back in October of 2010, a group of investors in mortgage securities sent Bank of America On Tuesday, after watching its ... http://tinyurl.com/44gunnt

Wells Fargo Said to Raise $507 Million CLO for Carlyle Group ï¿½ BusinessWeek

Wells Fargo Said to Raise $507 Million CLO for Carlyle GroupBusinessWeekJune 30 (Bloomberg) -- Wells Fargo & Co. has raised a $507 million loan fund to be managed by Carlyle Group, the first collateralized loan obligation the private equity firm ha... http://twlv.net/wnEfHy

Citizens Bank and the Phillies Announce Phans Feeding Families Initiative… ï¿½ CSRwire.com (press release)

Citizens Bank and the Phillies Announce Phans Feeding Families Initiative...CSRwire.com (press release)CFG is owned by RBS (The Royal Bank of Scotland Group plc). CFG's website is citizensbank.com. Philabundance reduces hunger and food insecurity i... http://twlv.net/kFf0ej

American mortgages: Not quite settled ï¿½ The Economist

American mortgages: Not quite settledThe EconomistThe two most vulnerable are Wells Fargo and JPMorgan Chase�again, largely thanks to crisis-era acquisitions (of Wachovia and Bear Stearns, respectively). Bear Stearns alone faces $18 billion in securi... http://twlv.net/zV0Cjc

Bank of America's Disastrous Countrywide Deal ï¿½ Columbia Journalism Review (blog)

Los Angeles TimesBank of America's Disastrous Countrywide DealColumbia Journalism Review (blog)The Wall Street Journal uses the proposed multibillion-dollar BofA mortgage settlement as a peg to look at how much Countrywide has cost the bank. Recall... http://twlv.net/hHC472

LSE movers: Lloyds, Petrofac, RBS, ICAP, BG Group, Salamander Energy, ECR Minerals ï¿½ Proactive Investors UK

LSE movers: Lloyds, Petrofac, RBS, ICAP, BG Group, Salamander Energy, ECR MineralsProactive Investors UKSector peers Royal Bank of Scotland (LON:RBS) and Barclays (LON:BARC) both added 2.5 percent and 1 percent respectively. Insurers were on the rise t... http://twlv.net/TCojcZ

Bank of America Settles Claims Stemming From Mortgage Crisis - New York Times

Just how much will it cost the big banks to atone for the mortgage mess? Bank of America announced Wednesday that it would take a whopping $20 billion hit to put the fallout from the subprime bust behind it and satisfy claims from angry investors. But for ... http://tinyurl.com/43rzk3m

HSBC bank will cut 700 jobs in UK ï¿½ Ninemsn

HSBC bank will cut 700 jobs in UKNinemsnGlobal banking giant HSBC said on Thursday it will cut 700 jobs in Britain, and blamed upcoming changes in the law for providing financial advice to consumers. The job losses were announced on the same day that s... http://twlv.net/8ruWcQ

Bank of America settlement won't be last - Traverse City Record-Eagle

NEW YORK � Bank of America's $8.5 billion settlement with investors is the largest any bank has ever paid. It might help assuage worries about how deep the bank's mortgage problems might be and how long it might take to settle them. But for the nation's ... http://tinyurl.com/42xjhnw

Stocks: Waiting on Greece

U.S. stocks were headed for a fourth day of gains Thursday, as investors continued to cheer Greece's steps toward securing an aid package and awaited an implementation vote. http://twlv.net/5DeDVk

Stock futures signal more gains for equities (Reuters)

Reuters - (Reuters) Stock index futures pointed to a higher open on Wall Street on Thursday, with futures for the S&P 500, the Dow Jones and the Nasdaq 100 up 0.1 to 0.3 percent. http://twlv.net/yAVnAs

Bank of America shells out $85 billion to investors after mortgage mishap - New York Daily News

Bank of� America , the nation's biggest bank, agreed to pay $85 billion to resolve claims made by bondholders that the lenders sold troubled mortgage-backed securities that soured when the housing market tanked. The deal, which must be approved by a court ... http://tinyurl.com/3mx6nkn

WORLD FOREX: Euro Hits 3-Week High Vs Dollar On Greece Optimism ï¿½ Wall Street Journal

The Guardian (blog)WORLD FOREX: Euro Hits 3-Week High Vs Dollar On Greece OptimismWall Street JournalTOKYO (Dow Jones)--The euro rose above $1.4500 to a three-week high in Asia Thursday after the Greek parliament's passage Wednesday of new austerit... http://twlv.net/aFZ5yD

United Bank of El Paso Downtown location coming soon - El Paso Times

United Bank of El Paso del Norte has begun construction on its new Downtown headquarters -- a vacant parking lot that will be transformed into a four-story Spanish Colonial office complex. The vacant structure at 401 E. Main will become a multiuse building ... http://tinyurl.com/5s4m9m7

RUPEE: At Two Week High ï¿½ India Infoline.com

RUPEE: At Two Week HighIndia Infoline.comThe Indian rupee added further gains on Thursday, June 30, 2011 tracking a strong surge in the euro overseas as Greece moved closer to securing international aid. Rupee opened higher by almost 13 paise at Rs. 44... http://twlv.net/XnNBJn

Wednesday, June 29, 2011

Buy Mexico Put Options as Stocks May Fall 'Dramatically,' BNP Paribas Says ï¿½ Bloomberg

Buy Mexico Put Options as Stocks May Fall 'Dramatically,' BNP Paribas SaysBloomberg... Jun 30 04:10:38 GMT 2011 Investors should buy bearish Mexican stock options at record-low levels because the equities may slide "dramatically" as the Fed... http://twlv.net/EoVIx9

Meadows Bank Announces Recent SBA Loan Closings in California - msnbc.com

Meadows Bank, a full service community bank specializing in Small Business Administration (SBA) and United States Department of Agriculture (USDA) loans, headquartered in Las Vegas, NV, announced today it has provided SBA loans totaling over $2.3 million ... http://tinyurl.com/3lnv8vc

Deficit Concerns Push Rupee to First Loss in Four Quarters: India Credit ï¿½ Bloomberg

Deficit Concerns Push Rupee to First Loss in Four Quarters: India CreditBloombergA bank employee counts Indian rupee notes in Mumbai. Photographer: Indranil Mukherjee/AFP/Getty Images India's decision to scrap import duties on crude oil is stoking ... http://twlv.net/Kg2AQp

Bank of America pays $8.5 billion investor settlement - AZCentral.com

NEW YORK - Bank of America's $8.5 billion settlement with investors is the largest any bank has ever paid. It might help assuage worries about how deep the bank's mortgage problems might be and how long it might take to settle them. But for the nation's ... http://tinyurl.com/4xcuhw2

Euro Gains to Two-Week High Versus Dollar on ECB Rate Prospects ï¿½ BusinessWeek

Moneycontrol.comEuro Gains to Two-Week High Versus Dollar on ECB Rate ProspectsBusinessWeekJune 30 (Bloomberg) -- The euro rose to a two-week high against the dollar on prospects the European Central Bank will increase interest rates next week and as t... http://twlv.net/vNfBAv

Bank of America expects loss after settlement - Reuters

CHARLOTTE, N.C./NEW YORK (Reuters) - Bank of America Corp said it expects to take more than $20 billion of charges after settling with mortgage bond investors, resulting in a second-quarter loss. The sum, which includes an $8.5 billion settlement, removes ... http://tinyurl.com/6h7tert

Chinese Largesse Supports Euro, But For How Long? ï¿½ Wall Street Journal

Chinese Largesse Supports Euro, But For How Long?Wall Street JournalFor months, whispers of "Asian official buying" have permeated markets when the euro fell below certain levels. That talk has kept euro/dollar hemmed into a tight seven-cent ... http://twlv.net/yxRjio

Bank of America settlement could speed foreclosures - msnbc.com

Investors who bought bonds backed by shaky loans scored a major victory Wednesday with the announcement that Bank of America will pay more than $8 billion to make up for some of their losses. Homeowners on the other end of those shaky mortgages ... http://tinyurl.com/6bydlkp

Credit Suisse Said to Plan 600 Investment-Bank Job Cuts Including in U.K. ï¿½ Bloomberg

New York TimesCredit Suisse Said to Plan 600 Investment-Bank Job Cuts Including in U.K.BloombergRoyal Bank of Scotland Group Plc is cutting about 200 posts at its securities division in the UK and Europe, a person familiar with the plan said this month... http://twlv.net/EO2oL4

Summary Box: Stocks rise as Greece nears new loan (AP)

AP - GREECE: Greek lawmakers passed an austerity bill that brought the country closer to getting a financial backstop it needs to avoid defaulting on its debt. The loan buys Greece and other European countries more time to repair their budgets. http://twlv.net/qeYhUm

LSE, TMX abort merger plans, leaving both vulnerable (Reuters)

Reuters - The London and Toronto stock exchanges abandoned plans for a C$3.6 billion tie-up on Wednesday, turning both into takeover targets in a world already facing a wave of exchange consolidation. http://twlv.net/LjQ5iI

Berlin, bank chief clash on Greece, regulation - Reuters

BERLIN (Reuters) - German political leaders clashed with the head of the country's largest bank on Wednesday over regulation of the financial sector and the role Greece's private creditors are being asked to play in a new aid package. In an unusually blunt ... http://tinyurl.com/5vxhaoa

Campbell Soup rises on cost saving measures ï¿½ Forbes

MyFox PhiladelphiaCampbell Soup rises on cost saving measuresForbesGoldman Sachs ( GS - news - people ) analyst Judy Hong was not as enthusiastic as investors were about the cost-saving measures, saying they will offer Campbell near-term relief but won... http://twlv.net/iy5cc4

Ken Phelan Joins RBS Americas as Chief Risk Officer ï¿½ Insurance News Net (press release)

Ken Phelan Joins RBS Americas as Chief Risk OfficerInsurance News Net (press release)STAMFORD, CT --(BUSINESS WIRE)-- Ellen Alemany , Head of RBS Americas, today announced the appointment of Ken Phelan as Chief Risk Officer (CRO). Ken will manage the e... http://twlv.net/JWRtQ5

Bank of America announces $14-billion settlement of Countrywide mortgage claims - Los Angeles Times

If�Countrywide Financial co-founder�Angelo Mozilo had sold former Bank of America boss Ken Lewis a kitchen sink, maybe they could have tossed that�in there too. Bank of America, which under Lewis bought Countrywide in 2008 for stock then worth $2.5 ... http://tinyurl.com/3be8zbw

Euro Jewish groups vow to fight Dutch slaughter ban ï¿½ Reuters

Euro Jewish groups vow to fight Dutch slaughter banReutersPARIS (Reuters) - Two leading Jewish organizations in Europe vowed on Wednesday to fight a looming ban on ritual animal slaughter in the Netherlands approved by the lower house of the Dutch parl... http://twlv.net/cSmSdT

Fortis Bank to cease Asian operations on Thursday - Channel NewsAsia

SINGAPORE : Fortis Bank, which has been in Singapore for more than 20 years, will cease its operations in Asia on Thursday. This followed the acquisition of Fortis by BNP Paribas during the financial crisis in 2008, and its business will be integrated into ... http://tinyurl.com/6gdxmkk

BBVA Said to Hire Horacio Martinez From RBS to Head Loan Sales ï¿½ BusinessWeek

BBVA Said to Hire Horacio Martinez From RBS to Head Loan SalesBusinessWeekJune 29 (Bloomberg) -- Banco Bilbao Vizcaya Argentaria SA hired Horacio Martinez from Royal Bank of Scotland Group Plc to head global loan sales as Spain's second-largest exp... http://twlv.net/6g0BbA

Bank of America in $8.5B mortgage settlement - Jackson Sun

NEW YORK (AP) � Bank of America and its Countrywide unit will pay $8.5 billion to settle claims that the lenders sold poor-quality mortgage-backed securities that went sour when the housing market collapsed. The deal, announced Wednesday, comes after a ... http://tinyurl.com/3eh7erf

RPLC-RBS cuts loan exposure in 280 mln euro Puma CLO sale ï¿½ Reuters

RPLC-RBS cuts loan exposure in 280 mln euro Puma CLO saleReutersJune 29 (Reuters) - Royal Bank of Scotland has freed up capital by exiting an investment in a 280 million euro ($397 million) equivalent loan fund as the bank continues to reduce its lever... http://twlv.net/rlloGG

Deutsche Bank Hires Jarman, Paschopoulos to Head European Credit Trading - Bloomberg

Deutsche Bank AG said it appointed Andrew Jarman and Vassilis Paschopoulos as heads of high-yield and investment-grade credit trading in Europe . Both report to Antoine Cornut, European head of credit trading. Paschopoulos will rejoin Deutsche Bank, where ... http://tinyurl.com/43k7pas

Stocks: Investors hopeful ahead of Greece vote

U.S. stocks were poised for a third day of gains Wednesday, following world markets higher, as investors awaited a Greek parliamentary vote on austerity measures. http://twlv.net/0XOzxm

Stocks, Commodities Advance Before Greek Vote ï¿½ Bloomberg

Stocks, Commodities Advance Before Greek VoteBloombergGreek Prime Minister George Papandreou may scrape through with enough votes to pass a 78 billion-euro ($112 billion) austerity package. Photographer: Kostas Tsironis/ Bloomberg Visitors look ...and ... http://twlv.net/3cvjI4

Canadian Dollar (CAD) Technical Major Currencies (2011-06-29) ï¿½ International Business Times

Canadian Dollar (CAD) Technical Major Currencies (2011-06-29)International Business TimesThe pair faces 0.9800 with downside bias supported by Stochastic, and over four-hour basis we can see the upside move that the pair is moving within, where it exte... http://twlv.net/ExWlwJ

Asia stocks rise as economic slowdown fears ease ï¿½ Kansas City Star

MiamiHerald.comAsia stocks rise as economic slowdown fears easeKansas City StarIn currencies, the dollar was lower against the euro and the yen. Japan's Nikkei 225 rose 1.1 percent to 9752.27 after the government said the country's industrial p... http://twlv.net/hbiOQ7

Tuesday, June 28, 2011

UBS, BofA, MBIA, Merrill, Google, Credit Suisse in Court News ï¿½ Bloomberg

Portfolio.comUBS, BofA, MBIA, Merrill, Google, Credit Suisse in Court NewsBloombergUBS AG (UBSN), Bank of America Corp. (BAC) and about a dozen other banks won reinstatement of a lawsuit against MBIA Inc. challenging the 2009 restructuring of its insur... http://twlv.net/hxBlBO

Bank of America nears $8.5-billion deal over mortgage-backed securities - Los Angeles Times

In the latest blow from its takeover of Countrywide Financial Corp. , Bank of America Corp. tentatively agreed to pay $8.5 billion to settle claims by large investors stung by losses on mortgage-related securities that Countrywide issued. The final details ... http://tinyurl.com/5s5wm5w

Asia markets up as fears of economic slowdown ease (AP)

AP - Signs that a global economic slowdown may be less serious than previously thought and a recovery in manufacturing in post-quake Japan sent Asian stock markets higher Wednesday. http://twlv.net/FfxAQl

S.Korea state pension fund to boost stock investment in 2012 ï¿½ Reuters

S.Korea state pension fund to boost stock investment in 2012ReutersSEOUL, June 29 (Reuters) - South Korea's National Pension Service said on Wednesday it would raise its asset allocation to stocks and cut fixed-income exposure next year as part of ... http://twlv.net/bHzEwg

Euro Holds Near Week High on Bets ECB to Lift Rates Amid Greek Debt Crisis ï¿½ Bloomberg

Moneycontrol.comEuro Holds Near Week High on Bets ECB to Lift Rates Amid Greek Debt CrisisBloombergThe euro was 0.3 percent from a one- week high against the dollar on speculation the European Central Bank will raise interest rates next week even as Gr... http://twlv.net/ALqXpx

Deutsche Bank Says Whittemore to Co-Head Americas M&A Advisory With Evans - Bloomberg

Deutsche Bank AG (DBK) , Germany's biggest lender, named Anthony Whittemore joint head of the mergers-and- acquisitions advisory business for the Americas, a bank spokesman confirmed. Whittemore, 43, will begin his role next month, said Scott Helfman, a ... http://tinyurl.com/4ysy8wn

Deutsche Bank's Whittemore to Co-Head Americas M&A With Evans ï¿½ San Francisco Chronicle

Deutsche Bank's Whittemore to Co-Head Americas M&A With EvansSan Francisco ChronicleAP source: MLB 'probably' will try to take Dodgers 06.28.11 June 29 (Bloomberg) -- Deutsche Bank AG, Germany's biggest lender, named Anthony Whittem... http://twlv.net/U3OnFj

More NBN Seoul searching is needed ï¿½ Business Spectator

The AgeMore NBN Seoul searching is neededBusiness SpectatorSo why are SK Broadband and LG customers enamoured of 100 Mbps but those of Korea Telecom are not? The answer, not surprisingly, is money. Note the Australian dollar is currently worth 1138 Kor... http://twlv.net/IZGjQi

GLOBAL MARKETS-Stocks, euro jump on Greek vote expectations ï¿½ Reuters

GLOBAL MARKETS-Stocks, euro jump on Greek vote expectationsReutersBy Rodrigo Campos NEW YORK, June 28 (Reuters) - World stocks jumped about 1 percent and the euro rallied on Tuesday on hopes an impending vote on Greece's budget and a France-led pla... http://twlv.net/Vgzshd

SEC secures $230 million in fraud investigation (AP)

AP - Authorities working to secure assets for victims of a massive, Connecticut-based investment fraud have obtained $230 million from an offshore account. http://twlv.net/4WYOBo

Bank of Commerce Mortgage Opens New Danville Branch - Yahoo Finance

SAN RAMON, Calif. , June 1, 2011 /PRNewswire/ -- Bank of Commerce Mortgage (BOCM), one of the largest independent mortgage companies in the West, today announced that it has opened a new Danville branch at 185 Railroad Avenue. � Beinke, Miller and Emerson ... http://tinyurl.com/3e25hg8

NSE gets Sebi nod to launch S&P 500, Dow Jones futures

NSE gets Sebi nod to launch S&P 500, Dow Jones futures
Business Standard - 21 minutes ago
The National Stock Exchange (NSE) has got regulatory approval to launch futures contracts on benchmark US indices S&P 500 and Dow Jones Industrial Ave... http://twlv.net/EK4Zia

India Rupee Tad Up On Dollar Buying By Oil Importers; Bonds Down On Debt Sale ï¿½ Wall Street Journal

India Rupee Tad Up On Dollar Buying By Oil Importers; Bonds Down On Debt SaleWall Street JournalMUMBAI (Dow Jones)--The Indian rupee ended a tad up against the US dollar Tuesday, recovering from intraday weakness on dollar buying by oil importers to se... http://twlv.net/I1F4VA

Icici Bank (IBN) Trading Near $47.21 Support Level ï¿½ Market Intelligence Center

Icici Bank (IBN) Trading Near $47.21 Support LevelMarket Intelligence CenterIcici Bank (NYSE:IBN) closed Monday's favorable trading session at $47.84. In the past year, the stock has hit a 52-week low of $35.16 and 52-week high of $58.22. Icici Ban... http://twlv.net/drP8Q3

US stock futures dip amid Greek budget turmoil (AP)

AP - Stock futures are edging lower as workers strike in Greece to protest a new round of austerity reforms that are key elements in efforts to head off a debt default. http://twlv.net/1xrlSR

Wall Street stock futures slip; Greece in focus (Reuters)

Reuters - (Reuters) Stock index futures signaled a lower start for equities on Wall Street on Tuesday, with futures for the S&P 500, the Nasdaq and the Dow Jones down 0.1 to 0.2 percent by 0942 GMT. http://twlv.net/tIRMVA

Also Sprach Analyst ï¿½ Business Insider

Also Sprach AnalystBusiness InsiderThe above mentioned problems with currency peg/gold standard exist for the Hong Kong dollar linked-exchange rate mechanism as well. The US dollar has been depreciating in value since 2001. In order to keep the Hong Ko... http://twlv.net/OKiJcH

Seoul shares fall 0.4 pct on techs, Korea Express ï¿½ Reuters

JoongAng DailySeoul shares fall 0.4 pct on techs, Korea ExpressReutersShares in Korea Express tumbled 15 percent after news CJ Group offered about $1.8 billion for a controlling stake in South Korea's top logistics company Korea Express Co Ltd , ou... http://twlv.net/1Lps17

PRAVEX-BANK Automates Banking System with IBM - Data Storage Today

Splunk takes your machine data and makes sense of it. Business sense. IT sense. Security sense. Common sense. Only Splunk delivers real-time visibility and operational insights for IT and the business, and they do this for over 2,500 companies in 74 ... http://tinyurl.com/6h3u7t5

Rupee opens in green at 44.97 a dollar ï¿½ Commodity Online

Reuters IndiaRupee opens in green at 44.97 a dollarCommodity OnlineIndian rupee opened in green versus dollar on Tuesday supported by the back of some gains in the euro and other Asian currencies, and traders will watch the stock market for gauging the... http://twlv.net/O81x9z

Monday, June 27, 2011

Fears of mortgage debt 'tsunami' ï¿½ MSN Money UK

The GuardianFears of mortgage debt 'tsunami'MSN Money UKA "tsunami" of homeowners face falling behind on their mortgage repayments as soon as interest rates begin to rise, a leading banker has warned. Richard Banks, the chief executiv... http://twlv.net/YWJVpT

Bank tries to stay out of flipping fraud trials - Herald Tribune

SARASOTA - Stearns Bank, which bought the assets of Sarasota's failed First State Bank in August 2009, is trying to get out of having any of its officers appear as witnesses or of providing sensitive financial documents in the upcoming trial of alleged ... http://tinyurl.com/3upje8u

Second Wells Fargo Bank Robbed after Suspect in Last Week's Robbery, Chase … ï¿½ Toms River News

Second Wells Fargo Bank Robbed after Suspect in Last Week's Robbery, Chase ...Toms River NewsBy Toms River, NJ on Jun 28 2011 Toms River Police are investigating the second bank robbery in five...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/Rfe98j

CommBank says interest rates will still rise, despite falling Australian dollar ï¿½ SmartCompany.com.au

CommBank says interest rates will still rise, despite falling Australian dollarSmartCompany.com.auThe Commonwealth Bank has rejected speculation the Reserve Bank might cut rates rather than lift them any time soon, saying recent falls in the local curr... http://twlv.net/Wr4rvg

Bank of America's Stock Is 'Massively Undervalued,' Rochdale's Bove Says - Bloomberg

Bank of America Corp. (BAC) is being "massively undervalued" by investors, and its stock will recover as earnings outpace costs linked to troubled home loans, said Richard X. Bove, an analyst at Rochdale Securities LLC. "Under the bleakest of scenari ... http://tinyurl.com/3mt4cz9

Australian Dollar Holds Near 11-Week Low on Global Growth, Rates Outlook ï¿½ Bloomberg

Australian Dollar Holds Near 11-Week Low on Global Growth, Rates OutlookBloombergThe Australian dollar traded 0.7 percent from an 11-week low as concern global growth is slowing prompted traders to increase bets on an interest rate cut, damping demand ... http://twlv.net/yuGKIK

Peso Bond Rally Fueled by Slowing Inflation: Mexico Credit ï¿½ San Francisco Chronicle

Peso Bond Rally Fueled by Slowing Inflation: Mexico CreditSan Francisco ChronicleThe record 11.1 percent rally in the Mexican peso versus the US dollar in the past two years is also helping curb inflation, said Alejandro Padilla, a debt strategist at G... http://twlv.net/Stduax

Israel prepares for September West Bank violence - msnbc.com

JERUSALEM �� Israel's military is making intensive preparations for an outbreak violence in the West Bank over a U.N. vote in September on recognizing a Palestinian state, Israeli military officials said Monday. Palestinians, meanwhile, pushed ahead ... http://tinyurl.com/68xde4k

How Do Traders Feel About The Euro? Check The Swiss Franc ï¿½ Wall Street Journal

CTV.caHow Do Traders Feel About The Euro? Check The Swiss FrancWall Street Journal... NEW YORK (Dow Jones)--The euro-dollar pair is the most heavily watched among all exchange rates, but analysts say you should be tracking something else heading into W... http://twlv.net/dU6F7k

Police searching for man they say robbed Wells Fargo bank in Toms River ï¿½ Asbury Park Press

Police searching for man they say robbed Wells Fargo bank in Toms RiverAsbury Park PressTOMS RIVER � Police are searching the woods near the Wells Fargo bank on Route 9 near Route 70 for a man who robbed a bank teller at about 3:30 pm today. Police C... http://twlv.net/Nztsp4

A look at economic developments around the globe (AP)

AP - A look at economic developments and activity in major stock markets around the world Monday: http://twlv.net/E0imnd

GSV investment values Facebook at $70 billion

Facebook mania sent GSV Capital's stock up more than 25% on Monday, after the fund announced that it had purchased a tiny stake in Facebook. http://twlv.net/cxId86

PRAVEX-BANK Automates Banking System with IBM - Reuters

PRAVEX-BANK has more than 400 branches serving over 1,000,000 clients across Ukraine . In 2008, the Bank became a member of Intesa Sanpaolo Group -- one of the top banking groups in Europe -- improving its level of reliability and quality of banking ... http://tinyurl.com/5uyeheg

Strong start to the week

Strong start to the week
MSN India - 20 minutes ago
Indian stock markets closed firm today. The BSE Sensex closed higher by 172 points. Among the stocks leading the gains were ONGC and Mahindra & Mahindra (M&M). Indian stock market came off... http://twlv.net/28a15H

PRAVEX-BANK Automates Banking System with IBM - PR Newswire

The Superman Building: Downtown's Ticking Time Bomb ï¿½ GoLocalProv

GoLocalProvThe Superman Building: Downtown's Ticking Time BombGoLocalProv"That's what it will be like if Bank of America leaves the 'Superman' building," he says. Paolino is beginning to raise eyebrows with his calls for the city to... http://twlv.net/BgVvZd

ICAP signs banks to tackle FX algo trading ï¿½ Reuters

ICAP signs banks to tackle FX algo tradingReutersLONDON, June 27 (Reuters) - Broker Icap is working with clients Citigroup , Deutsche Bank (DBKGn.DE), JP Morgan and Morgan Stanley to counter risks arising from the growth of high-frequency trading in th... http://twlv.net/HxtNaF

US dollar on the rise ï¿½ FXstreet.com

US dollar on the riseFXstreet.comMeanwhile in the US talks on raising the debt ceiling are likely to resume in earnest, with the market likely to become increasingly nervous about the lack of resolution on the issue. Nonetheless, it is Europe that will... http://twlv.net/OE6mza

West Bank Palestinian leaders vote to pursue U.N. recognition - San Jose Mercury News

RAMALLAH, West Bank � The West Bank Palestinian leadership on Sunday formally decided to press ahead with efforts in September to win U.N. recognition of a state in the West Bank, Gaza Strip and east Jerusalem, in what could be a blow to efforts to ... http://tinyurl.com/5ucmvtx

HK Dollar Higher Late On Demand From Local Banks ï¿½ Wall Street Journal

HK Dollar Higher Late On Demand From Local BanksWall Street JournalHONG KONG (Dow Jones)--The Hong Kong dollar rose against the US dollar Monday, as local banks actively bought the domestic currency. In late Asian trade, the US dollar was at HK$7.7884,... http://twlv.net/RlAMnz

HSBC Bank Armenia launches unallocated gold account services - Commodity Online

ARMENIA (Commodity Online):HSBC BankArmenia has announced the launch of its unallocated gold account services. The new service is available and beneficial for both individual and corporate customers as an alternative investment tool. It allows customers to ... http://tinyurl.com/65maqry

Japanese Yen (JPY) Technical Major Currencies (2011-06-27) ï¿½ IBTimes Hong Kong

Japanese Yen (JPY) Technical Major Currencies (2011-06-27)IBTimes Hong KongThe sideways range continues to dominate the pair's trading. Currently, the pair is stable below the MA 50 and Stochastic is approaching overbought areas. Stability below 80... http://twlv.net/9JqIkO

African Markets ï¿½ Factors to watch on June 27 ï¿½ Reuters

African Markets - Factors to watch on June 27ReutersThe US dollar rose and equities fell on Monday, with investors nervous ahead of a Greek vote on unpopular fiscal austerity measures this week that may sow doubts about financial stability in Europe. [... http://twlv.net/JAqa2L

Sunday, June 26, 2011

Lloyds Bank Has Largest Exposure to Risky Loans - CNBC

Lloyds Banking Group's exposure to the riskiest kind of mortgages is more than double that of any of its top five rivals in what is potentially a ticking time bomb for Britain's largest high-street lender. Data published last week by the Bank of ... http://tinyurl.com/6dfvhlq

RBS adds Chinese investment bankers, betting on deal boom ï¿½ Reuters

The AssetRBS adds Chinese investment bankers, betting on deal boomReutersHONG KONG, June 27 (Reuters) - State-controlled Royal Bank of Scotland Group Plc said on Monday that it has hired two senior investment bankers in China, looking to grab a larger ... http://twlv.net/x8oUDS

Dollar gains stocks slip Greece the biggest risk ï¿½ Moneycontrol.com

Dollar gains stocks slip Greece the biggest riskMoneycontrol.com"A 'No' would block the much needed next tranche of the EU/IMF loan of 12 billion euros, leaving big question marks as to...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/dyWv0C

Burgan Bank Finances Projects Worth KD 741 Million - Zawya.com

Kuwait City 25 June, 2011: Burgan Bank Burgan Bank announced today that the bank's Corporate Banking Group has successfully completed a range of finance deals for major projects during the year 2010 and the first five months of 2011. The deals which were ... http://tinyurl.com/4xkwuhq

Wall Street recruits war veterans ï¿½ Washington Post

Wall Street recruits war veteransWashington PostJune 24 (Bloomberg) -- Veterans of the Iraq and Afghanistan wars are being recruited by banks such as Citigroup Inc. and Goldman Sachs Group Inc. as...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/EuTnGH

China: We'll spend billions to prop up the stricken euro ï¿½ Daily Mail

BBC NewsChina: We'll spend billions to prop up the stricken euroDaily MailIt was all but 'inevitable' that at least one stricken member will have to exit the euro because of massive...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/7UuVis

World Bank takes stock as Egypt scraps IMF loan - Sydney Morning Herald

The World Bank says it will have to take stock of plans to lend to Egypt after the International Monetary Fund confirmed the authorities no longer wanted an IMF-backed loan program. Egyptian Finance Minister Samir Radwan said on Saturday Egypt would not ... http://tinyurl.com/66gyhxj

Deutsche Bank, UniCredit May Have to Raise Additional Capital After Basel ï¿½ Bloomberg

Deutsche Bank, UniCredit May Have to Raise Additional Capital After BaselBloombergSpokeswomen for France's biggest banks -- BNP Paribas (BNP) SA, Credit Agricole SA (ACA) and Societe Generale SA...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/9cE8wz

China will support Europe and the euro: Wen ï¿½ TODAYonline

Telegraph.co.ukChina will support Europe and the euro: WenTODAYonlineIn recent years we have increased by a quite big margin holdings of euro bonds." "In the future, as we have done in the...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/eMNZn5

Mainers Surprise Bank of America Branch with Protest ï¿½ The Exception Magazine

Mainers Surprise Bank of America Branch with ProtestThe Exception MagazineBy Exception Staff | June 26, 2011 A group of Mainers staged a surprise protest at a Bank of America branch in Brunswick...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/bV5IFe

Bank of America Sees Overseas Takeovers by India Companies Curbed by Rates - Bloomberg

Overseas acquisitions by Indian companies may stay subdued in 2011 as the highest interest rates in more than two years deter chief executives from borrowing for expansion, Bank of America Corp. (BAC) said. At the same time, inbound deals are likely to ... http://tinyurl.com/5r8t5xn

Stanchart to pick partner for bancassurance venture ï¿½ Inquirer.net

Stanchart to pick partner for bancassurance ventureInquirer.netBritish banking giant Standard Chartered plans to set up a bancassurance venture with a major insurance partner within the year to...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/T3EHXk

Downtrend Call Realized As Bank Mutual Stock Falls 22.9% (BKMU) - Investors Business Daily

Jun 26, 2011 (SmarTrend(R) Spotlight via COMTEX) -- SmarTrend identified a Downtrend for Bank Mutual ( BKMU ) on January 24, 2011 at $4.59. In approximately 5 months, Bank Mutual has returned 22.9% as of today's recent price of $3.54. In the past 52 weeks ... http://tinyurl.com/6bdupby

Bulls ready to charge into wall of worry (Reuters)

Reuters - A bounce could be the cards for stocks this week as bulls defend a key technical level and portfolio managers buy the quarter's winners to prop up their books.

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/XLEIi6

Socialists want to peg franc to euro ï¿½ Business Recorder

Business RecorderSocialists want to peg franc to euroBusiness RecorderZURICH: Temporarily attaching the Swiss franc to the euro to stem its rise is an option worth considering the heads of...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/6zE0gG

U.S. consumer's resilience to be tested in data ï¿½ MarketWatch

U.S. consumer's resilience to be tested in dataMarketWatchBrian Jones, an economist for Societe Generale in New York, agreed the labor market is likely to rebound, though he doesn't expect...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/6f3FEE

Israel Begins Dismantling Portion of West Bank Barrier - FOX News

An Israeli soldier checks the identity documents of a Palestinian boy and his father, as they wait to cross to their farmland, located behind the current outline of a section of Israel's separation barrier between the Jewish settlement of Modiin Illit and ... http://tinyurl.com/3uqyr55

A big loss at HSBC ï¿½ Buffalo News

Buffalo NewsA big loss at HSBCBuffalo NewsBy News Editorial Board Now that it's happened, it's easy to see the steps, events and decisions that are leading to the decline in the presence of...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/aRO5gL

Counseling offers often unheeded, banks say ï¿½ Columbus Dispatch

Counseling offers often unheeded, banks sayColumbus DispatchWhen Wells Fargo held a foreclosure-counseling session in Columbus two weeks ago, the bank sent 2000 invitations to homeowners who might...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/BbM4O4

Spain beat Swiss to win Euro u21 title ï¿½ Times LIVE

BBC SportSpain beat Swiss to win Euro u21 titleTimes LIVEAnder Herrera and Thiago Alcantara scored the goals as Spain beat Switzerland 2-0 on Saturday to win the European Under-21 championship....

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/1D1tIe

Mason State Bank marks 125 years in town - Lansing State Journal

MASON - If you placed historic photographs of Mason State Bank side-to-side, you'd see horses tied to wagons, Model T's, 1940s-era automobiles and modern cars. That's because the bank has been in business for 125 years, and is to celebrate that mark on ... http://tinyurl.com/6lymvsk

European Union growing more divided ï¿½ Detroit Free Press

Los Angeles TimesEuropean Union growing more dividedDetroit Free PressDIMITRI MESSINIS/Associated Press BY HENRY CHU IN BELGIUM: Two unidentified men carry a mock coffin and the symbol of the euro...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/n2Rh4e

Bank aims to pack Modern Woodmen Park - Quad-Cities Times

The National Bank is distributing free tickets to members of local charities and community outreach organizations and their families to join bank staff for a Quad-Cities River Bandits baseball game� on Tuesday. The goal is to pack the ballpark for the 7 p ... http://tinyurl.com/43rfvgy

Kenyan runners dominate 2011 KL Marathon ï¿½ Sin Chew Jit Poh

Kenyan runners dominate 2011 KL MarathonSin Chew Jit PohKUALA LUMPUR, June 26 (Bernama) -- Kenyan long distance runners as expected dominated the Standard Chartered KL Marathon by sweeping the top...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/hV5SPM

Saturday, June 25, 2011

ICICI Bank plans to open 1,500 branches in 4 years - Economic Times

NEW DELHI: In a major expansion drive, ICICI Bank plans to add about 1,500 branches over a period of four years against the existing strength of about 2,500. With the addition, the branch network to go up to 4,000 by 2015, a senior official of ICICI Bank ... http://tinyurl.com/3o56j8w

Arts Council of Morris Area wins $7G grant ï¿½ Dailyrecord.com

Arts Council of Morris Area wins $7G grantDailyrecord.comAnna Katherine Harris, senior vice president and consumer market executive of Bank of America, hands check to Anne Aronovitch, executive...

Please read the full version of this Finance News and other articles on our website
Bank Informer

http://twlv.net/B7l67M