MphasiS Agrees To Buy US Insurance Software Provider Wyde Corp � Wall Street Journal

MphasiS Agrees To Buy US Insurance Software Provider Wyde CorpWall Street JournalThe move will help MphasiS deepen its footprint in the North American market as well as expand its reach in Europe. MphasiS was advised by Credit Agricole CIB, Goodwin Pro... http://twlv.net/upF5Rs

S Korea: US Debt Deal Removes Uncertainties; Treasurys To Remain Favored Asset � Wall Street Journal

S Korea: US Debt Deal Removes Uncertainties; Treasurys To Remain Favored AssetWall Street JournalAn official at South Korea's Ministry of Strategy and Finance said the bargain struck between the US Democrats and Republicans is a "net positive.... http://twlv.net/F6lU5u

Exports to lose edge as Rupee gains against Dollar � Economic Times

Exports to lose edge as Rupee gains against DollarEconomic Times"There will be less realisation as both logistics cost and export duty are in Indian rupee and not in dollars. Further, there is a dearth of orders but with the Karnataka government y... http://twlv.net/AsFsEd

RBA more bark than bite on interest rates � Sydney Morning Herald

The HinduRBA more bark than bite on interest ratesSydney Morning HeraldIt seems we became spoilt awfully quickly by rates being low during the extreme circumstances of the GFC. But the cash rate isn't the only game � the banks independently raisi... http://twlv.net/1cuoY6

Britain, Japan warn of disaster if no US debt deal � The Southland Times

Christian Science MonitorBritain, Japan warn of disaster if no US debt dealThe Southland TimesGovernments across the world fear that because of the key role of the US dollar in global banking and trading systems, there could be severe instability when ... http://twlv.net/GFCaak

An uncomfortable final stretch for Trichet � Financial Times

An uncomfortable final stretch for TrichetFinancial TimesStill, the euro's monetary guardian can take stock and draw lessons from recent events � not least for Italy's Mario Draghi, who...



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HSBC Sells 195 US Branches for $1 Billion � Wall Street Journal

HSBC Sells 195 US Branches for $1 BillionWall Street JournalHSBC Holdings PLC, which has been scaling back its US operations, struck a deal to sell 195 retail banking branches to First Niagara...



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UK banks face further profit downgrades � Financial Times

UK banks face further profit downgradesFinancial TimesWhile banks are taking aggressive action to counteract falling revenues with deep cost cuts - HSBC, Barclays and Lloyds Banking Group are...



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Securities suffer in ratings ruckus � Financial Times

New York TimesSecurities suffer in ratings ruckusFinancial TimesYet there are some signs that the $1.5bn Goldman Sachs and Citigroup deal, which was the first to have its preliminary rating pulled by...



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Middle East Banking Sector Competitiveness To Increase Further, New Survey Reveals � Zawya (subscription)

Al-BawabaMiddle East Banking Sector Competitiveness To Increase Further, New Survey RevealsZawya (subscription)Dubai, 31st July 2011 (WAM): The banking sector in the Middle East will become more...



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Lessons from Hong Kong for the eurozone � Financial Times

Lessons from Hong Kong for the eurozoneFinancial TimesHong Kong has maintained a currency board system, fixing the value of the Hong Kong dollar to the US dollar since 1983. Although Hong Kong...



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HSBC to cut 10000 jobs � Financial Times

HSBC to cut 10000 jobsFinancial TimesThe cuts follow the 15000 job losses announced in June by Lloyds Banking Group, while Royal Bank of Scotland, which has already shed 28000 staff since the...



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Mortgagerefinance.com Reports Signs of Economic Revival, Marks Period Ripe for … � PR Web (press release)

Mortgagerefinance.com Reports Signs of Economic Revival, Marks Period Ripe for ...PR Web (press release)Economists predict that it will be unlikely to see the rates dipping to lower than 5% once economic recovery takes on full speed. The 30 year fixed ... http://twlv.net/S05PXD

HSBC announces strong interim results � Malta Independent Online

The GuardianHSBC announces strong interim resultsMalta Independent OnlineHSBC Bank Malta delivered a strong performance in the six months ended 30 June 2011. The reported profit before tax of €50.4 million, increased by 19.3 per cent, or €8.2 milli... http://twlv.net/rYx4oa

Chase bank branch robbed in Mamaroneck; bandit at large � The Journal News | LoHud.com

Chase bank branch robbed in Mamaroneck; bandit at largeThe Journal News | LoHud.comThis bank surveillance photo shows a man who police say robbed the Chase bank branch in downtown Mamaroneck on Friday afternoon. / Mamaroneck police Authorities investig... http://twlv.net/D1aBJ6

SGS case: Swiss national declared proclaimed offender � DAWN.com

The Express TribuneSGS case: Swiss national declared proclaimed offenderDAWN.comRAWALPINDI, July 30: The accountability court on Saturday declared Jens Schlegilmitch, a Swiss national, as proclaimed offender and issued permanent arrest warrants for him... http://twlv.net/FrijH8

Fund set up for son of Cape muder-suicide victim � The News-Press

Fund set up for son of Cape muder-suicide victimThe News-PressDannielle Crowther established the fund at Wachovia Bank under the name "Braxton Killam Foundation." Killam was the only child of Tara Brissette, 28, who was found dead, along with the b... http://twlv.net/l8FQQv

N. Korean man seeks inheritance from deceased father in South � Yonhap News

N. Korean man seeks inheritance from deceased father in SouthYonhap NewsIt was the first time North Koreans won partial ownership of assets left by a relative in the South. The lawyer in charge of the new case visited relevant South Korean ministries l... http://twlv.net/JIL1Bc

NIA Exposes Debt Ceiling Truth � PR Newswire (press release)

NIA Exposes Debt Ceiling TruthPR Newswire (press release)Except for a select few elected representatives like Ron Paul who care about protecting the US Constitution and preserving what little purchasing power the US dollar still has left, every other p... http://twlv.net/uO18cd

Bank jobs in peril as global debt crisis pinches profits � The Guardian

The GuardianBank jobs in peril as global debt crisis pinches profitsThe GuardianThey also believe that investment banking revenues will be hard hit at bailed-out Royal Bank of Scotland. Other banks with major investment banking arms such as Credit Suis... http://twlv.net/F4241I

Lansdowne Partners sells entire $850m stake in Goldman Sachs � Telegraph.co.uk

Telegraph.co.ukLansdowne Partners sells entire $850m stake in Goldman SachsTelegraph.co.ukLansdowne Partners, Europe's biggest hedge fund, has sold its entire $850m (�517m) position in Goldman Sachs in a move that underlines growing concerns about... http://twlv.net/gJWfGt

Stocks: 'It's one day at a time'

Investors have a lot to contend with this week: Washington continues to wrangle over the debt ceiling and Friday brings the ever-important monthly jobs report.



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Till debt does US apart � Hindustan Times

Till debt does US apartHindustan TimesTheir worries stem from an inescapable reality: for other governments, there is still no good alternative to holding the almighty dollar, or American Treasury...



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FDIC: Ban ex-Bank of Clark County CFO - Columbian

David Kennelly, former chief lending officer of the failed Bank of Clark County, would be banned from ever working again in the banking industry under a Federal Deposit Insurance Corp. enforcement action made public Friday. Kennelly was charged Feb. 11 ... http://tinyurl.com/3rucv2s

Fernando Torres seals Chelsea's victory over Aston Villa in Asia friendly � The Guardian

The GuardianFernando Torres seals Chelsea's victory over Aston Villa in Asia friendlyThe GuardianThe Spaniard's ineffective form in pre-season was jettisoned in timely fashion here as...



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Deutsche Bank's Anshu Jain sees execution as his forte - Reuters India

FRANKFURT (Reuters) - Deutsche Bank crowned India-born investment banking chief Anshu Jain and German banker Juergen Fitschen co-chief executives on Monday, ending a drawn-out succession process. Jain, the 48-year-old head of investment banking, will take ... http://tinyurl.com/3dugzmv

Is a capped-rate mortgage right for you? � WalletPop UK

The GuardianIs a capped-rate mortgage right for you?WalletPop UKThe number of capped-rate mortgage deals on the market has increased from just one to 39 over the last two years, according to figures...



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World Bank Drought Plan Focuses on Ethiopia, Kenya - Investors Business Daily

Jul 30, 2011 (Voice of America News/ContentWorks via COMTEX) -- The World Bank Friday unveiled new details of its plan to help victims of drought in the Horn of Africa. The bulk of the effort focuses on Ethiopia and Kenya, not Somalia. The bank's Country ... http://tinyurl.com/43efk3a

Answers to the 7 big "what-ifs" of debt default � Reuters

ReutersAnswers to the 7 big "what-ifs" of debt defaultReutersFear that the United States will lose its AAA credit rating or even default on its debt is driving foreigners away from US assets,...



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M&T to get tax incentives for data center � Buffalo News

Buffalo NewsM&T to get tax incentives for data centerBuffalo NewsM&T Bank Corp., which plans to buy HSBC Bank USA's former data center in Amherst as part of its expanded technology...



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SC Bank & Trust buys failed Columbia-based BankMeridian - Spartanburg Herald-Journal

Columbia-based BankMeridian's financial woes came to an end Friday when federal regulators shuttered the bank and named the Federal Deposit Insurance Corp. as receiver. The FDIC subsequently announced that had entered into a purchase, assumption and loss ... http://tinyurl.com/44g5wbt

ICICI Bank � India Infoline.com

Indian ExpressICICI BankIndia Infoline.comICICI bank has reported robust performance for the quarter ended June 11 (marginally below the street estimates) with 30% jump in the Net Profit at Rs 1332.20 crore over 21% increase in NII at Rs 2410.92 crore.... http://twlv.net/HHGOwm

Savings and House Prices Go Hand in Hand, But Hackney Bucks the Trend

Research from Halifax shows whilst there is a close relationship between house prices and savings there are exceptions. http://twlv.net/7ib2j8

Mortgage rates fall to record low � Telegraph.co.uk

Daily MailMortgage rates fall to record lowTelegraph.co.ukMortgage rates have fallen to the lowest level since records began 16 year ago, suggesting that Bank of England's policy of slashing interest rates is finally benefiting some home owners. By... http://twlv.net/uaZxdF

Better lock in a mortgage rate now � Tucson Citizen

USA TodayBetter lock in a mortgage rate nowTucson Citizen29, 2011, under USA Today News If you're considering buying a home or planning to refinance, here's some advice: lock in a mortgage rate. Now. Mortgage rates, which have been at historic ... http://twlv.net/YbWc4u

Virginia Business Bank seized, closed by regulators - Richmond Times-Dispatch

Virginia Business Bank , on the hot seat with regulators since January, was seized at the close of business Friday, marking Virginia's first state-chartered bank failure since 1992. Xenith Bank of Richmond, through an agreement with the Federal Deposit ... http://tinyurl.com/3f2p9d2

4 things to do for summer in South Korea � AsiaOne

AsiaOne4 things to do for summer in South KoreaAsiaOneNine out of 10 South Korean office workers have decided to spend their vacation within the country this summer instead of flying overseas, according to a recent survey by Korean Chamber of Commerce.... http://twlv.net/NNtUO1

Lenders continue to wrench away GTL promoter stake � Daily News & Analysis

Moneycontrol.comLenders continue to wrench away GTL promoter stakeDaily News & AnalysisMore than half of the promoters' holding in GTL Ltd was wrested by its lender ICICI Bank on Friday, spelling a fresh crisis at the debt-laden telecom infrastruct... http://twlv.net/Qri2Na

Survey says small business optmism doesn't exist � Ct Post

Survey says small business optmism doesn't existCt PostA Wells Fargo sponsored Gallup poll found small business optimism doesn't exist as fears of another recession grow. Wells and Gallup released the latest results of their small business inde... http://twlv.net/cojhfM

Whistler's summer tourism not slowed by weather, high dollar � Vancouver Sun

Whistler's summer tourism not slowed by weather, high dollarVancouver SunWhistler is on track for one of its busiest summers ever in spite of bad weather and a high Canadian dollar that is hurting tourism hot spots in other areas of the province. .... http://twlv.net/SmhuhU

Central Bank of India Q1 net down 16% on higher provisioning - Economic Times

MUMBAI: State-run Central Bank of India on Friday posted a 16.62 per cent dip in net profit for the June quarter to Rs 281 crore on the back of higher provisioning requirements on assets prompted by revised rules, besides treasury operations and pension ... http://tinyurl.com/3fqkd3l

Cops: 6-time Bank Robbery Suspect Apprehended � Long Island Press

Cops: 6-time Bank Robbery Suspect ApprehendedLong Island PressSuffolk County police said Michael Walsh robbed the People's United Bank branch on Lakefield Road in East Northport on June 30 and the Chase Bank branch on Fort Salonga Road in Northport... http://twlv.net/6aGz7m

Wells Fargo: Financial Loser � TheStreet.com

TheStreet.comWells Fargo: Financial LoserTheStreet.comNEW YORK (TheStreet) -- Wells Fargo (BAC) was the loser among large financial stocks Friday, with shares sliding over 1% to close out the week at $27.93. The KBW Bank Index (I:BKX) declined slightly... http://twlv.net/XLKbN3

HSBC mum on job-cutting report � Bizjournals.com

HSBC mum on job-cutting reportBizjournals.comOfficials at HSBC Bank USA NA won't comment on reports from a British news agency that claims the financial giant plans to slash thousands of jobs from its work force to cut costs in coming years. Earlie... http://twlv.net/QbYTmj

Bank robbery reported in Mamaroneck � The Journal News | LoHud.com

Bank robbery reported in MamaroneckThe Journal News | LoHud.comMAMARONECK � Police were searching for a man who robbed a Chase Bank branch on Mamaroneck... The Muppets took Manhattan, so why not the Smurfs? The little blue trolls with the mushroom ho... http://twlv.net/4X1jtw

FOREX-Dollar slumps vs Swiss franc, yen on GDP, debt woes � Reuters

Globe and MailFOREX-Dollar slumps vs Swiss franc, yen on GDP, debt woesReutersNEW YORK, July 29 (Reuters) - The dollar tumbled to all-time lows against the Swiss franc and four-month troughs versus the yen on Friday as data showing lackluster US growth... http://twlv.net/kbSuvA

HSBC HOLDINGS : HSBC Bank Malta p.l.c. first half 2011 results � highlights � 4-traders (press release)

HSBC HOLDINGS : HSBC Bank Malta p.l.c. first half 2011 results - highlights4-traders (press release)The following is the text of an announcement issued locally in Malta on 29 July 2011 by HSBC Bank Malta plc, a 70.03% indirectly held subsidiary of HSBC... http://twlv.net/7dW99L

110.59 JPY = 1 EUR 2011-07-29 ECB Reference rate

1 EUR buys 110.59 Japanese yen (JPY) - The reference exchange rates are published both by electronic market information providers and on the ECB's website shortly after the concertation procedure has been completed. Reference rates are published accord... http://twlv.net/qM72TA

Debt fears drive demand for Swiss franc and yen � Financial Times

Debt fears drive demand for Swiss franc and yenFinancial TimesThe Swiss franc and the yen were in demand on Friday, as concerns over US and eurozone government debt drove haven demand for both currencies. The Swiss franc, which has notched up a series ... http://twlv.net/0vozWi

Idea Cellular bounces back after strong Q1 operational performance

Idea Cellular bounces back after strong Q1 operational performance
India Infoline.com - 55 minutes ago
ICICI Bank's strong Q1 results boosted sentiment, with the key benchmark indices extending gains in mid-afternoon. Indian shares shrugged off... http://twlv.net/1ErG33

Bank of America faces new lawsuit over Countrywide - Los Angeles Times

The subprime litigation nightmare that Bank of America Corp. inherited with its acquisition of Countrywide Financial Corp. was compounded Thursday when 16 investors � including the giant California Public Employees' Retirement System � brought a new ... http://tinyurl.com/3vzaf2m

The Dollar Index (DXU11) finds stability again in the ranges of 74.00

The Dollar Index (DXU11) finds stability again in the ranges of 74.00
FXstreet.com - 15 minutes ago
The Dollar Index (DXU11) finds stability again in the ranges of 74.00 after it has hit critical support of 73.40 ranges. Key equity index of the Dow... http://twlv.net/kWqINl

5500 visible on Nifty as ITC, Bharti, ICICI Bank gain � Moneycontrol.com

Moneycontrol.com5500 visible on Nifty as ITC, Bharti, ICICI Bank gainMoneycontrol.comHeavyweights like ITC, Bharti Airtel, TCS and ICICI Bank were leading the market higher. Technology stocks too were on buyers' radar led by short covering. Anil Dh... http://twlv.net/NvVxgM

Bank of Ireland to be privately controlled - Yahoo Finance

LONDON (AP) -- A group of private investors has made a commitment to buy euro1.1 billion ($1.6 billion) worth of shares in Bank of Ireland, ensuring that the private sector will hold a majority of the bank's stock, the government announced Monday. Finance ... http://tinyurl.com/439gxpc

Wells Fargo scam hits Worthington � Worthington Daily Globe

Wells Fargo scam hits WorthingtonWorthington Daily Globe"A Worthington resident called the police department this morning to advise she had received a scam telephone call regarding the Wells Fargo scam," Flynn stated Thursday. In the phone call, pe... http://twlv.net/YuNkAi

Asian markets open lower amid US debt nervousness (AP)

AP - Asian markets moved mostly lower early Friday as a congressional vote on a bill to extend the U.S. government's debt ceiling was delayed with time running out ahead of a deadline for action next week. http://twlv.net/IlYZY7

Euro feels the heat � Reuters

Business Daily AfricaEuro feels the heatReutersOne hundred Euro banknotes lay on top of various Swiss Franc notes in this picture illustration at a bank in Warsaw, July 18, 2011. By Ian Chua SYDNEY (Reuters) - The euro stayed under pressure in Asia on ... http://twlv.net/iDEvue

Dollar 0.3% From Record Low Versus Franc Before Briefing on Debt Impasse � Bloomberg

Dollar 0.3% From Record Low Versus Franc Before Briefing on Debt ImpasseBloombergThe dollar was 0.3 percent from a record low against the Swiss franc before a planned briefing by Obama administration officials on the stalemate in raising the US debt li... http://twlv.net/N3hFHj

Bank of America Is Sued by Countrywide Financial Investors Alleging Fraud - Bloomberg

Bank of America Corp. (BAC) , the biggest U.S. lender, faces a new securities-fraud lawsuit filed by former Countrywide Financial Corp. investors including BlackRock Inc. that opted out of a $624 million settlement last year. Countrywide, acquired by Bank ... http://tinyurl.com/3zjx8rq

Madoff Trustee's Common Law Claims Against HSBC Dismissed � San Francisco Chronicle

Madoff Trustee's Common Law Claims Against HSBC DismissedSan Francisco ChronicleWith the common law claims against HSBC dismissed, Rakoff ordered the remainder of the case returned to bankruptcy court. Amanda Remus, a Picard spokeswoman, didn't... http://twlv.net/70w3zq

National Bank of Canada Announces an Amendment to its Normal Course Issuer Bid - StreetInsider.com

MONTREAL, QUEBEC -- (MARKET WIRE) -- 07/28/11 -- National Bank of Canada (the "Bank") (TSX: NA ) has received acceptance from the Toronto Stock Exchange ("TSX") and the Office of the Superintendent of Financial Institutions Canada ("OSFI") of an amendment ... http://tinyurl.com/43cnj26

Fitch Upgrades Two Classes of LB-UBS 2000-C3 � Benzinga

WZZMFitch Upgrades Two Classes of LB-UBS 2000-C3BenzingaFitch Ratings upgrades two classes of LB-UBS Commercial Mortgage Trust, series 2000-C3 commercial mortgage pass-through certificates. A detailed list of rating actions follows at the end of this r... http://twlv.net/VDd6tF

Aussie dollar soars with inflation � UPI.com

BBC NewsAussie dollar soars with inflationUPI.comSYDNEY, July 28 (UPI) -- The Australian dollar soared after a surprising increase in quarterly inflation figures released Wednesday, officials said. The dollar reached 67.675 UK pence, the highest since ... http://twlv.net/Co3JIl

National Bank of Canada Announces an Amendment to its Normal Course Issuer Bid - msnbc.com

National Bank of Canada (the "Bank") (TSX:NA) has received acceptance from the Toronto Stock Exchange ("TSX") and the Office of the Superintendent of Financial Institutions Canada ("OSFI") of an amendment to the terms of its current normal course issuer ... http://tinyurl.com/3ouyhga

Car Crashes Into Bank � WBNG-TV

WBNG-TVCar Crashes Into BankWBNG-TVBy Bill Webster Binghamton, NY (WBNG Binghamton) A car drives into the glass wall at a local bank. The driver of the white car was not injured in the accident. It happened at the HSBC Bank on Main Street in Binghamton... http://twlv.net/usmY60

Debt-wrangling contains dollar after strong initial claims report � FXstreet.com

Debt-wrangling contains dollar after strong initial claims reportFXstreet.comby Andrew Wilkinson - Interactive Brokers LLC | View company's profile The yen rose against the dollar, euro and currencies of other leading nations after a Japanese gover... http://twlv.net/y1FNGE

Federal Home Loan Bank of Atlanta Announces Second Quarter 2011 Operating Highlights - msnbc.com

ATLANTA, July 28, 2011 (GLOBE NEWSWIRE) -- Federal Home Loan Bank of Atlanta (the Bank) today released unaudited financial highlights for the quarter ended June 30, 2011. The Bank will announce full unaudited financial results in its Form 10-Q filing with ... http://tinyurl.com/44av875

Wells Fargo names Avid Modjtabai head of consumer lending � Bizjournals.com (blog)

Wells Fargo names Avid Modjtabai head of consumer lendingBizjournals.com (blog)As its Wachovia integration nears completion, Wells Fargo & Co. is firming up its executive ranks, this week appointing Avid Modjtabai head of all consumer lending. Mark... http://twlv.net/UF9fCZ

FTSE 100 falls as Dow Jones and S&P 500 futures decline

FTSE 100 falls as Dow Jones and S&P 500 futures decline
Proactive Investors UK - 3 minutes ago
The FTSE 100 extended losses today as concerns over the US debt deadlock continued dominating the mood in the markets. The UK's blue chip index d... http://twlv.net/43ijlg

ANZ Bank Expects Australia Rate Hike Next Week - FOXBusiness

SYDNEY -( Dow Jones )- Australia's central bank will hike interest rates 25 basis points when it meets next week, Australia & New Zealand Banking Group (ANZ.AU) said Thursday. The forecast from ANZ comes a day after Australia's second-quarter inflation ... http://tinyurl.com/3npg9ru

Deron Williams: Billy King: Nets can now land top free agents � Rotoworld.com

Deron Williams: Billy King: Nets can now land top free agentsRotoworld.comNew Jersey General Manager Billy King said on Wednesday that the Nets "have all the tools" to get top free agents with the introduction of The Barclays Center in Brookl... http://twlv.net/aohM2r

Man accused in Kirkersville bank robbery arrested - Newark Advocate

NEWARK -- A man accused of robbing a Kirkersville bank at knifepoint was arrested at a Greyhound bus stop on his return trip from a West Virginia casino. Johnnie R. Slone Jr., 35, last known address 125 1/2 S. Alley, Kirkersville, was charged with ... http://tinyurl.com/3dla5wh

Air France-KLM adds euro zone crisis to risk list � Reuters

Air France-KLM adds euro zone crisis to risk listReutersPA) posted a 212 million euro net loss last quarter as fuel bills rose and it took a knife to plans to offer more seats next winter amid mounting fears over the euro zone debt crisis. Europe's... http://twlv.net/Wv9DMR

Ambuja Cements drops after weak Q2 results � India Infoline.com

Ambuja Cements drops after weak Q2 resultsIndia Infoline.comKey benchmark indices pared intraday losses in afternoon trade led by gains in ITC, ICICI Bank and Hero Honda Motors. Cigarette major ITC rose after the firm's Q1 result beat market expect... http://twlv.net/o1lAi8

UPDATE 1-Renault H1 operating margin falls on Japan woes � Reuters

UPDATE 1-Renault H1 operating margin falls on Japan woesReutersThe company's first-half automotive operating margin suffered a 150 million-euro ($218 million) impact from the March Japanese earthquake and tsunami, and Renault said it expected a fur... http://twlv.net/PImdEH

Bank of America Donates Then Demolishes Houses to Get Rid of Foreclosures - Bloomberg

By Lindsey Rupp - Wed Jul 27 14:43:29 GMT 2011 Bank of America Corp. (BAC) , faced with a glut of foreclosed and abandoned houses it can't sell, has a new tool to get rid of the most decrepit ones: a bulldozer. Disposing of repossessed homes is one of ... http://tinyurl.com/43wtn55

RUPEE: Recoils From Three Year Peak � India Infoline.com

RUPEE: Recoils From Three Year PeakIndia Infoline.comOptimism slightly withered away and the Indian rupee renounced previous day gains on Thursday, July 28, 2011 tracking a sharp rebound in the US dollar overnight. The domestic currency came off three ... http://twlv.net/axGgOp

Asian Stock Markets Sink Over US Debt Fears � ABC News

Palm Beach PostAsian Stock Markets Sink Over US Debt FearsABC NewsThe dollar weakened against the yen and strengthened against the euro. Investors were growing increasingly anxious as the US government came another day closer to an Aug. 2 deadline to r... http://twlv.net/X7f8rF

Bank of Israel Move Could Foil Netanyahu's Housing Plan - Arutz Sheva

A move announced on Wednesday by the Bank of Israel could hurt Prime Minister Binyamin Netanyahu's plan to create affordable housing. According to the Globes financial newspaper, Bank of Israel has informally but clearly told local banks to tighten their ... http://tinyurl.com/3w79maz

European Stocks Drop for Third Day; Clariant, Merck Lead Decline � BusinessWeek

European Stocks Drop for Third Day; Clariant, Merck Lead DeclineBusinessWeekUniCredit SpA, Italy's largest bank, fell 4.3 percent to 1.22 euros and Intesa Sanpaolo SpA lost 5.1 percent to 1.57 euros. Lloyds Banking Group Plc slid 4.3 percent to 42.... http://twlv.net/d0NiLd

Scam uses bank's name to try to steal information � St. George Daily Spectrum

Scam uses bank's name to try to steal informationSt. George Daily SpectrumGEORGE � Bank officials are warning residents not to fall for a scheme � known as phishing � that involves fraudulent text messages being sent from a number claiming to... http://twlv.net/wm5i0V

Canadian Dollar Weakens Amid U.S. Economic Slowing Concern � San Francisco Chronicle

CBC.caCanadian Dollar Weakens Amid U.S. Economic Slowing ConcernSan Francisco ChronicleJuly 27 (Bloomberg) -- Canada's dollar declined as oil and other commodities fell after orders for US durable goods declined in June, sparking concern about the ... http://twlv.net/q8Ugu4

Aflac 2Q Net Drops On Derisking; Core Profit Up On Strong Yen � Wall Street Journal

Aflac 2Q Net Drops On Derisking; Core Profit Up On Strong YenWall Street JournalAflac Inc.'s (AFL) second-quarter earnings fell 52% as it continued loss-heavy "derisking," as the international insurance provider's core profit rose to ... http://twlv.net/nxQUFp

Paying To Park Downtown � Patch.com

Paying To Park DowntownPatch.comFour will be installed in the parking lot behind Citibank on Santa Cruz Avenue, while two will be installed in the lot behind the Wells Fargo. Technically, those are known as parking plazas one and five. Council members ... http://twlv.net/RbEABb

RBI's rate increase may not be the last: Pranab � Business Standard

RBI's rate increase may not be the last: PranabBusiness StandardStandard Chartered Bank has reduced its gross domestic product growth forecast for this financial year from 8.1 per cent to 7.7 per cent. Kotak has cut its growth forecast to 7.3 per c... http://twlv.net/QnaZ9E

Citibank debuts app designed for iPad � Bizjournals.com

The Guardian (blog)Citibank debuts app designed for iPadBizjournals.comCitibank has launched its first consumer banking application specifically designed for Apple Inc. 's iPad tablet. The app allows customers to track and analyze their dollars wit... http://twlv.net/KuSrGw

Bank of America Hires Jonathan Bewes in U.K. From UBS - Bloomberg

Bank of America Corp. (BAC) , the largest U.S. lender by assets, hired Jonathan Bewes as a senior managing director in U.K. investment banking. Bewes, who worked at UBS AG (UBSN) for 11 years, will start at Bank of America in October and will be ... http://tinyurl.com/3vl7dpy

FTSE 100 shares drop (AFP)

AFP - London stock markets fell at the end of trade on Wednesday as the eurozone debt crisis continued to weigh on investor sentiment. http://twlv.net/9vyVT7

BNP Paribas CIB Unveils Global Prime Brokerage Platform � Newsday (subscription)

BNP Paribas CIB Unveils Global Prime Brokerage PlatformNewsday (subscription)This new development by the Global Equities and Commodities Derivatives team, draws on BNP Paribas' established risk expertise and innovative culture and brings sophistica... http://twlv.net/naSinq

Canara Bank net down on higher interest costs - Livemint.com

Canara Bank, which witnessed a 28% decrease in net profit due to higher interest costs, said interest expended increased to Rs5,388 crore, from Rs3,433 crore a year-ago Mumbai: State-run Bank of Baroda on Wednesday reported higher net profit in April-June ... http://tinyurl.com/3mhu5wo

1.4446 USD = 1 EUR 2011-07-27 ECB Reference rate

1 EUR buys 1.4446 US dollar (USD) - The reference exchange rates are published both by electronic market information providers and on the ECB's website shortly after the concertation procedure has been completed. Reference rates are published according... http://twlv.net/lVgh5x

State Bank ranked No. 1 in U.S. - Macon Telegraph

Just a few days past its second year of business, State Bank Financial Corp. has been named the top performing bank in the United States. The ranking was published in Bank Director magazine's 2011 Bank Performance Scorecard, which ranks the 150 largest U ... http://tinyurl.com/3mjbf6p

The big question about a ring-fenced retail bank � BBC News

The big question about a ring-fenced retail bankBBC NewsOn the one hand, Lloyds and Santander - which do relatively little proper investment banking - would like retail banking to be defined as broadly as possible, so that they would avoid almost any s... http://twlv.net/QN0UOS

Saxo Bank launches FX Binary Touch Options - PRLog (free press release)

PRLog (Press Release) � Jul 27, 2011 � Saxo Bank, the specialist in online trading and investment, today announced the launch of six Binary Touch Options on its trading platform. The Binary Touch options will initially be offered in six currency pairs ... http://tinyurl.com/3dr3y8e

Dobell has longest record of beating FTSE 100

Dobell has longest record of beating FTSE 100
Portfolio Adviser - 5 minutes ago
Just one active, UK fund manager has beaten the FTSE 100 every year for the past 10 years, Tom Dobell of M&G Recovery. In looking at how managers in the UK All Comp... http://twlv.net/ZjMo9V

World Bank warns on economy if China fails to tackle diseases - msnbc.com

The World Bank on Tuesday urged China to step up efforts to fight chronic diseases, the main cause of death in the country, warning of rising health expenditure and an economic slowdown if rapid action is not taken. Chronic non-communicable diseases (NCDs ... http://tinyurl.com/3kys6nk

Pan American Metals of Miami Reports on a Shiny Future for Silver

Demand from Asia is driving up silver prices. http://twlv.net/aZCfc4

Santander increases SME lending in solid first half � Stock Market Wire

Santander increases SME lending in solid first halfStock Market Wire... Santander UK commented on the latest update: "We have maintained our industry-leading range of "best buy" products for our retail customers, and are achieving improv... http://twlv.net/KWk0hB

JFE Q1 profit slumps after quake, higher costs � Reuters

JFE Q1 profit slumps after quake, higher costsReutersJFE posted 25.4 billion yen ($325 million) in recurring profit, which is pretax and before special items, for April-June, compared to 51.42 billion yen profit in the same period a year ago. It sees a... http://twlv.net/xvPTI6

Banks Spar Over Loan Settlement � Wall Street Journal

Problem Bank ListBanks Spar Over Loan SettlementWall Street JournalAs federal and state officials prod banks toward a multibillion-dollar deal to atone for a host of irregularities in foreclosing homes around the US, Wells Fargo & Co. has told gove... http://twlv.net/sa5SoB

Chase Utley Hits Inside the Park Home Run, Calls Wheels 'Muff' � The 700 Level

The 700 LevelChase Utley Hits Inside the Park Home Run, Calls Wheels 'Muff'The 700 LevelThe ball then ricocheted towards the left fielder, sending the usually hustling Chase into overdrive....



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Royal Bank of Scotland refuses credit cards to noncustomers � FinancialAdvice.co.uk

Royal Bank of Scotland refuses credit cards to noncustomersFinancialAdvice.co.ukRoyal Bank of Scotland, and its NatWest subsidiary, has today revealed that it will not consider any credit card arrangements with individuals who are not customers of the ... http://twlv.net/ZpV9Qw

Northport Chase Bank Robbed � Patch.com

Northport Chase Bank RobbedPatch.comSuffolk County Police were seen canvassing Northport in cruisers and through the air Tuesday evening after Chase Bank at 721 Fort Salonga Road was robbed, a village official confirmed. Northport and Suffolk police pe... http://twlv.net/ht4xwi

Bank of Marin Bancorp Announces Quarterly Cash Dividend - Marketwatch

NOVATO, Calif., Jul 26, 2011 (BUSINESS WIRE) -- Bank of Marin Bancorp ("the Bank") (UTD:BMRC) has announced that its Board of Directors has declared a quarterly cash dividend of $0.16 per share. The cash dividend is payable to shareholders of record at the ... http://tinyurl.com/3hwqxxn

Bruce Berkowitz Details His Thesis On Bank of America (BAC) � GuruFocus.com

Bruce Berkowitz Details His Thesis On Bank of America (BAC)GuruFocus.comBruce Berkowitz detailed his investing thesis on Bank of America (BAC) in a speech given at AAII in June. He is confident with Bank of America and his other positions in AIG (AIG) ... http://twlv.net/dNWIsF

Pilot Mountain man sentenced in bank fraud scheme � BlueRidgeNow.com

WFMY News 2Pilot Mountain man sentenced in bank fraud schemeBlueRidgeNow.comAP A former securities broker for Wachovia will serve more than six years in prison and pay $8 million restitution to Wachovia - now part of Wells Fargo - for his part in a sch... http://twlv.net/8HqNC6

Royal Bank of Scotland allegedly owed �500 million by failed Icelandic bank � FinancialAdvice.co.uk

Royal Bank of Scotland allegedly owed �500 million by failed Icelandic bankFinancialAdvice.co.ukIn a further blow to the battered reputation of Royal Bank of Scotland, it is alleged that the company is owed around �500 million from failed Icelandic b... http://twlv.net/T2HGfi

Deutsche Bank Q2 pretax profit misses consensus - Reuters

* CIB Q2 income before income taxes of 1.3 bln eur FRANKFURT, July 26 (Reuters) - Deutsche Bank's ( DBKGn.DE ) quarterly pretax profit missed expectations, hit by lower trading volumes just as the flagship lender named Anshu Jain and Juergen Fitschen co ... http://tinyurl.com/3k4zql9

FRANCE TELECOM : BNP Paribas and Orange partner to launch the first entirely … � 4-traders (press release)

FRANCE TELECOM : BNP Paribas and Orange partner to launch the first entirely ...4-traders (press release)BNP Paribas and Orange have formed a partnership and signed a trademark licence agreement to launch innovative mobile banking services in November ... http://twlv.net/Tr38nn

European Stocks Fall for Second Day; BP, UBS Drop on Earnings � BusinessWeek

European Stocks Fall for Second Day; BP, UBS Drop on EarningsBusinessWeekJuly 26 (Bloomberg) -- European stocks retreated for a second day as companies from BP Plc to UBS AG reported earnings that missed analysts' estimates and concern grew that US... http://twlv.net/XM1qPg

Bank of America: A Calculated Risk or Russian Roulette? - Seekingalpha.com

A year ago it looked like Bank of America (NYSE: BAC ) was coming out from the black hole that so many financial firms had entered during the Financial Crisis. Big name hedge funds even took sizeable stakes in the firm because they were so confident ... http://tinyurl.com/4483828

Dollar Declines to Record Versus Franc on US Deficit Deadlock � BusinessWeek

Dollar Declines to Record Versus Franc on US Deficit DeadlockBusinessWeek"Clearly the debt ceiling debate is weighing on the US dollar, and it's causing widespread weakness across a range of crosses," said Nick Bennenbroek, head of currency str... http://twlv.net/Tfke3I

Deutsche Bank seals succession as trading wilts - msnbc.com

By Edward Taylor and Arno Schuetze FRANKFURT (Reuters) - Deutsche Bank AG warned of weakness to come in its core investment banking division, laying bare the challenge facing its two new CEOs named only hours earlier. The bank warned it may miss ... http://tinyurl.com/3snw9y5

Soros to return outsiders' hedge fund money (Reuters)

Reuters - Billionaire investor George Soros, whose stock-picking career has spanned nearly four decades, said he will manage money only for himself as new regulations threaten to crimp the hedge fund industry he made famous. http://twlv.net/klPWs0

Tatas most trustworthy group Ambanis way behind Survey � Moneycontrol.com

Tatas most trustworthy group Ambanis way behind SurveyMoneycontrol.comHDFC had 9.1% votes, L&T 4.3%, TVS Group had 2.3%, Mukesh Ambani group 1.6%, Aditya Birla group 1.3 per cent, Anil Ambani group 1.2%, ICICI Bank 1.1% and Bharti Airtel 0.9%. The ... http://twlv.net/ksARZ7

Teller charged in $460,000 bank theft - Poughkeepsie Journal

PINE PLAINS � A teller for the Bank of Millbrook has been charged with stealing about $460,000 from the bank, state police say. Troopers at the Rhinebeck substation said that Christa Hieronymi, 45, of Red Hook was charged Monday with grand larceny second ... http://tinyurl.com/3dod763

Analysis: Can Goldman, Morgan Stanley recover commodities moxie? � Reuters

IBTimes CanadaAnalysis: Can Goldman, Morgan Stanley recover commodities moxie?ReutersNEW YORK (Reuters) - At the once-feared commodity trading arms of Goldman Sachs (GS.N) and Morgan Stanley (MS.N), the pressure to do better in the second half of this ... http://twlv.net/dyusgX

Bank of Moscow capital adequacy ratio near limit - The Guardian

* Ratio down to 10.4 pct in June from 16.4 pct in May * The 10 pct ratio required to retain licence MOSCOW, July 26 (Reuters) - Bank of Moscow's capital adequacy ratio fell close to the minimum allowed level in June after the lender increased provisions ... http://tinyurl.com/43x8ht8

Deutsche Bank Q2 earnings below expectations � Forbes

Deutsche Bank Q2 earnings below expectationsForbesFRANKFURT, Germany -- Deutsche Bank's second-quarter earnings fell short of market expectations as Europe's debt crisis knocked stock trading revenues and led to a euro155 million writedown on b... http://twlv.net/RfPYgD

Deutsche Bank Q2 Profit Slightly Up - Quick Facts - RTT News

(RTTNews) - Deutsche Bank AG (DB: News ) posted second-quarter net income attributable to Deutsche Bank of 1.198 billion euros, up from 1.160 billion euros last year. Reported earnings per share were 1.24 euros, lower than 1.60 euros a year earlier. Last ... http://tinyurl.com/3hls4x

Greek debt swap process to start in Aug- deputy finmin � Reuters

Greek debt swap process to start in Aug- deputy finminReutersGreece's private sector creditors will take a 21 percent loss on their bond holdings as part of a 37 billion euro contribution to a rescue plan for the debt-stricken country, agreed at a ... http://twlv.net/fvcfze

Deutsche Bank Profit Rises 3.3% - Bloomberg

Deutsche Bank AG (DBK) , Germany 's largest bank, reported a 3.3 percent increase in second-quarter profit as acquisitions boosted earnings from consumer banking and asset management. Net income was 1.2 billion euros ($1.74 billion), compared with 1.16 ... http://tinyurl.com/3llcvcy

Civic groups deliver rare flour aid to N. Korea � Yonhap News

ReutersCivic groups deliver rare flour aid to N. KoreaYonhap NewsSEOUL, July 26 (Yonhap) -- A team of civic group officials on Tuesday delivered 300 tons of flour aid for vulnerable North Koreans in what became the first dispatch of flour since the Nor... http://twlv.net/Q4NUdT

Dollar Drops to Record Low Versus Franc on Obama Impasse Warning � BusinessWeek

IBTimesDollar Drops to Record Low Versus Franc on Obama Impasse WarningBusinessWeekThe dollar slid below 78 yen for the first time since March as Obama urged Congress to address future deficits while...



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This Is Considered Punishment? � New York Times

This Is Considered Punishment?New York TimesThe bank was Wells Fargo, which was also fined $85 million and ordered to compensate customers it had unfairly � indeed, illegally � taken advantage of...



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New Zealand's Dollar Weakens After June's Exports Were Less Than Estimated � Bloomberg

Business RecorderNew Zealand's Dollar Weakens After June's Exports Were Less Than EstimatedBloombergThe so-called kiwi dropped for a second day versus the yen after Statistic New Zealand said the trade surplus narrowed as exports fell to a five... http://twlv.net/L4DJhn

Forex Flash: EUR/USD looks good to test 1.4485 � BNP Paribas � NASDAQ

Forex Flash: EUR/USD looks good to test 1.4485 - BNP ParibasNASDAQFXstreet.com (Barcelona) - The EUR/USD looks in good shape to try an upside move towards 1.4485 after the Greek deal in effect is a major bolster for fiscal union in the EU, say BNP Pari... http://twlv.net/EvBwi8

Support local economic development: Include national banks in formula retail law. � The Bay Citizen (blog)

Support local economic development: Include national banks in formula retail law.The Bay Citizen (blog)Powerful father and son San Francisco property-owners and developers John and Mark Brennan took aggressive actions against three local businesses to ... http://twlv.net/iFwjrC

Dollar May Increase Without Agreement on U.S. Debt Ceiling, Citigroup Says � Bloomberg

Dollar May Increase Without Agreement on U.S. Debt Ceiling, Citigroup SaysBloombergA failure by President Barack Obama and US lawmakers to reach an accord raising the debt ceiling and cutting the budget deficit may fuel a short-term rise in the dollar ... http://twlv.net/VMkyI9

How the dollar could rise if no debt deal � MarketWatch

How the dollar could rise if no debt dealMarketWatchNEW YORK (MarketWatch) � It's certainly counterintuitive, but the US dollar could actually appreciate if the US government doesn't raise the debt ceiling by the Aug. 2 deadline, some strateg... http://twlv.net/Rjkpgv

Australian Dollar Falls as Stocks Drop Amid US Debt Concern � BusinessWeek

Business RecorderAustralian Dollar Falls as Stocks Drop Amid US Debt ConcernBusinessWeekJuly 25 (Bloomberg) -- The Australian dollar fell against the yen and Swiss franc as stocks dropped amid concern US President Barack Obama and Congress will fail to... http://twlv.net/2X4rnN

Beach Business Bank Reports Another Record Quarter - msnbc.com

Beach Business Bank (OTCBB: BBBC) (the "Bank") is pleased to report its results of operations for the second quarter of 2011. Second Quarter Highlights Stronger Operating Performance "We are pleased to be able to report continued strong earnings and an ... http://tinyurl.com/3e6zarb

RBS GRP ADR : RBS backs MBO at Medicina Ltd � 4-traders (press release)

RBS GRP ADR : RBS backs MBO at Medicina Ltd4-traders (press release)The co-founder of medical equipment specialist Medicina Ltd has completed a buyout of the business after securing funding from The Royal Bank of Scotland ("RBS"). Ken Harriso... http://twlv.net/LHtscg

Metro Bank hoping to break even by 2013 - Reuters UK

LONDON (Reuters) - Metro Bank, which launched a year ago as Britain's first new high-street lender in more than 100 years, could break even by 2013 after opening 25,000 accounts so far. "We're opening about 1,000 accounts a week. In twelve months from now ... http://tinyurl.com/3ufgggp

Deutsche Bank succession decision expected this week � Economic Times

Reuters IndiaDeutsche Bank succession decision expected this weekEconomic TimesDeutsche Bank will post second quarter earnings that day, with analysts forecasting a pretax profit of 1.97 billion euros ($2.8 billion). A supervisory board member at Deuts... http://twlv.net/uRciIG

Barclays Discusses 'Boris Bike' Olympic Expansion With London Government � Bloomberg

Barclays Discusses 'Boris Bike' Olympic Expansion With London GovernmentBloombergLondon Mayor Boris Johnson 's office is in talks with Barclays Plc about additional sponsorship for his cycle-hire initiative as the program is to be expanded ... http://twlv.net/TANSeh

Bank of Melbourne opens branches in Vic - Trading Room

The Bank of Melbourne (BoM) opened 40 branches on Monday in Victoria as part of the bank's relaunch and plans to add 85 more. A Westpac subsidiary, BoM opened 40 branches, five corporate banking centres and more than 100 automatic teller machines (ATMs) in ... http://tinyurl.com/4y7w6w7

Precious Metals and Swiss Franc Rise Strongly as Debt Worries in Europe and … � Benzinga

Precious Metals and Swiss Franc Rise Strongly as Debt Worries in Europe and ...BenzingaPrecious metals and the Swiss franc are the clear winners in Monday's early trading, as there is little improvement in the debt ceiling negotiations in the Unite... http://twlv.net/5AfRfi

Aussie dollar gains strength on US debt impasse � ABC Online

Aussie dollar gains strength on US debt impasseABC OnlineDAVID TAYLOR: According to the International Monetary Fund, the share of global currency reserves in a category that includes the Canadian and Australian dollars now exceeds that held in pounds a... http://twlv.net/KUdcIk

Bank Danamon Plans to Raise $587 Million in Rights Offer - Bloomberg

PT Bank Danamon Indonesia , owned by Singapore 's Temasek Holdings Pte, plans to raise as much as 5 trillion rupiah ($587 million) in a rights offer to fund loan growth and strengthen its capital position. Bank Danamon will sell about 1.2 billion shares ... http://tinyurl.com/3hldp55

Shekhar Sathe: 20 years after reforms, team Manmohan has another problem � Daily News & Analysis

Shekhar Sathe: 20 years after reforms, team Manmohan has another problemDaily News & AnalysisIn another sense, I could not have been a bystander because, I was a Forex trader in the thick of the currency markets in Mumbai running positions in the India... http://twlv.net/8AcZ24

Asian stocks down after lack of US debt deal (AP)

AP - Asian stock markets fell Monday after U.S. political leaders failed to reach a deal on raising Washington's debt limit that is crucial to avoiding an impending default. http://twlv.net/AcdX3r

Australian Dollar Mildly Strengthens on as-expected PPI � DailyFX

Korea TimesAustralian Dollar Mildly Strengthens on as-expected PPIDailyFXThe Australian dollar drew moderately higher immediately after second quarter producer price index data showed a moderate...



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