Wednesday, November 30, 2011

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

Tuesday, November 29, 2011

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

Monday, November 28, 2011

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

Bank Of America: Still A Lot To Prove - Seekingalpha.com

It appeared that I rubbed several readers the wrong way by suggesting that Bank of America (BAC) was trading at a price of a Subway 5$ footlong. It was suggested to me that the price at which a stock trades does not make it a loser and I should ... http://tinyurl.com/bqk24vz

Bank-reform author, Barney Frank, bows out - Yahoo Finance

WASHINGTON (MarketWatch) � Rep. Barney Frank, a longtime Democratic lawmaker from Massachusetts and co-author of the landmark Dodd-Frank bank-reform law, announced Monday that he won't seek re-election in 2012. Frank, 71, plans to formally ... http://tinyurl.com/bmvx2ht

The Montauk Group Opens Miami Office to Deliver Bank Relationship Management Services - Marketwatch

AVENTURA, Fla., Nov 28, 2011 (BUSINESS WIRE) -- The Montauk Group LLC, a Bank Relationship Management specialist headquartered in Manhasset, NY, has opened a Miami regional office, at 18851 NE 29th Avenue, Suite 725, in Aventura, Florida. This ... http://tinyurl.com/cc5xj4s

Puts Popular on Apple, Bank of America, Netflix, Amazon.com, and Citigroup - YAHOO!

Gadget guru Apple Inc. (AAPL) continues to draw a wealth of both put and call volume, though Friday's activity leaned more toward the bearish end of the spectrum than usual. Specifically, AAPL's put/call volume ratio of 0.85 indicates that puts and calls ... http://tinyurl.com/7ecbgyj

Deutsche Bank Could Transfer Financial Contagion: Simon Johnson - Businessweek

Nov. 21 (Bloomberg) -- You've probably never heard of Taunus Corp., but according to the Federal Reserve, it's the U.S.'s eighth-largest bank holding company. Taunus, it turns out, is the North American subsidiary of Germany's Deutsche ... http://tinyurl.com/cbrpfd9

TEXT-Fitch affirms Union Bank of India at 'Fitch AA+(ind)'/Stable - Reuters

Nov 25- Fitch Ratings has affirmed Union Bank of India's (Union Bank) National Long-Term Rating at 'Fitch AA+(ind)'. The Outlook is Stable. A complete list of rating actions is included at the end of this commentary. Union Bank's National Long ... http://tinyurl.com/c6qdz8t

Rupiah Reduces Losses on Speculation Central Bank Sold Dollars - Bloomberg

Indonesia's rupiah reduced earlier losses on speculation the central bank intervened to curb declines in the currency. The government's benchmark bond fell for a 10th day, its longest losing streak since October 2010. The currency pared ... http://tinyurl.com/d25t7h7

Bank of Israel seen cutting key rate 0.25 point - Marketwatch

TEL AVIV (MarketWatch) -- The Bank of Israel on Monday after the market closes is expected to cut its benchmark interest rate by 0.25 percentage point to 2.75%, reports say. A survey of analysts by Bloomberg News found that 17 of 21 expect the ... http://tinyurl.com/7fasase

Sunday, November 27, 2011

Chinese Bank Loans to Wine Buyers Say 'Drink Now, Pay Later': Elin McCoy - Bloomberg

At the 4th Hong Kong International Wine & Spirit Fair, a smiling Wing Lung Bank employee hands me a colorful flyer about its new "Wine Financing Service." Can't afford a case of investment-grade Bordeaux? This Hong Kong-based bank will ... http://tinyurl.com/d7xnxcp

Ben Bernanke's Secret Global Bank - Huffington Post

Thanks to tremendous public pressure and the recently passed Wall Street reform bill, the U.S. Federal Reserve was forced to reveal the details of its emergency bailout of the financial sector for the first time yesterday. From a quick review of the data ... http://tinyurl.com/3jdn43m

Deutsche Bank Art Loan Forces Frankfurt's Staedel Underground: Interview - Bloomberg

Max Hollein, the director of Frankfurt's Staedel Museum, is defying Europe's debt crisis by expanding the museum underground to double its space and create room for some hefty loans from banks. "As a rule, they were started in the 1960s ... http://tinyurl.com/bszu8kt

Bank Sarasin, Centrica, BMW, Finmeccanica, Shell: European Equity Preview - Bloomberg

The following companies' shares may have unusual moves in European trading. Stock symbols are in parentheses. Baywa AG (BYW) (BYW6 GR): The German agricultural products and building-materials maker may make an acquisition in southern Europe ... http://tinyurl.com/cw3xs9s

Chinese Bank Loans to Wine Investors Say 'Drink Now, Pay Later' - Bloomberg

At the 4th Hong Kong International Wine & Spirit Fair, a smiling Wing Lung Bank employee hands me a colorful flyer about its new "Wine Financing Service." Can't afford a case of investment-grade Bordeaux? This Hong Kong-based bank will ... http://tinyurl.com/bmtvgjg

Saturday, November 26, 2011

Irish bank deleveraging to get harder -regulator - Reuters

* Central Bank may slow process if asset prices too low DUBLIN Nov 23 (Reuters) - Ireland's banks will find it harder to shrink their balance sheets next year as European rivals step up their own such efforts, possibly pushing asset prices too ... http://tinyurl.com/73ryxuc

Friday, November 25, 2011

European Central Bank, Germany Should Define the Rules of Their Game: View - Bloomberg

The European Central Bank, with the support of Germany, is putting immense pressure on euro-area governments to do something about their finances. To that end, it would be helpful if central bankers more clearly defined what they want done. Now ... http://tinyurl.com/6ojkrzu

TEXT-Colombia central bank statement on interest rates - CNBC

BOGOTA, Nov 25 (Reuters) - Colombia's central bank raised its benchmark interest rate on Friday for the first time in four months to help rein in consumer credit and spending which have pushed up inflation. Following is a translation of the text of the ... http://tinyurl.com/chvmyvu

Bank of Ireland turns screw on sub bondholders - Reuters India

LONDON, Nov 25 (IFR) - The Irish government has threatened to impose losses of up to 100% on Bank of Ireland's subordinated bondholders in a blow to those hoping for no further burden-sharing after a liability management conducted in July this ... http://tinyurl.com/cmn9jah

UPDATE 3-Spain's big lenders shun CAM bank auction - Reuters

MADRID, Nov 25 (Reuters) - Spain's largest banks have shunned an auction for insolvent savings bank Caja de Ahorros del Mediterraneo (CAM), sources familiar with the operation said on Friday, heightening the possibility the failed lender could ... http://tinyurl.com/7kfjuto

Thursday, November 24, 2011

UPDATE 2-Deutsche Bank eyes jump in EBA capital need-source - Reuters UK

FRANKFURT, Nov 24 (Reuters) - Deutsche Bank expects to need at most 3 billion euros ($4 billion) of extra capital to meet tighter European Banking Authority (EBA) capital requirements by a mid-2012 deadline, a source familiar with the bank's ... http://tinyurl.com/buct7ep

FACTBOX-Colombia's central bank board members - Reuters UK

BOGOTA Nov 24 (Reuters) - While Latin American nations are weighing interest rate cuts, Colombia's central bank may be the odd man out as the majority of the board is bullish on rate hikes, according to a Reuters poll. [ID:nN1E7AM12B] Here are ... http://tinyurl.com/bovpwpc

UPDATE 2-Deutsche Bank eyes jump in EBA capital need-source - Reuters

FRANKFURT, Nov 24 (Reuters) - Deutsche Bank expects to need at most 3 billion euros ($4 billion) of extra capital to meet tighter European Banking Authority (EBA) capital requirements by a mid-2012 deadline, a source familiar with the bank's ... http://tinyurl.com/clfh36m

Irish bank seeks to reverse tycoon's UK bankruptcy - San Jose Mercury News

DUBLIN�An Irish bank pursuing Ireland's former richest man for euro2.16 billion ($2.9 billion) in unpaid loans appealed Thursday to a Northern Ireland judge to overturn his bankruptcy judgment. Justice Donal Deeny agreed to hear the case Dec ... http://tinyurl.com/dx8bt3w

Deutsche Bank Faces Breuer Trial Amid Ackermann Kirch Probe - BusinessWeek

(Updates with request to remove judge in third paragraph, Banziger testifying in 10th.) Nov. 24 (Bloomberg) -- Rolf Breuer, Deutsche Bank AG's former chief executive officer, appeared in court today to defend charges he lied in trial testimony ... http://tinyurl.com/77mrtr9

World Bank: Afghanistan will need aid for years - Boston Globe

Afghanistan could face economic collapse if international assistance is abruptly cut as foreign combat forces are withdrawn, the World Bank warned, stressing that the war-ravaged nation will need billions of dollars in aid for a decade or more ... http://tinyurl.com/d7eg923

Deutsche Bank Faces Breuer Trial Amid Probe - Bloomberg

Rolf Breuer, Deutsche Bank AG's former chief executive officer, defends criminal charges today that he lied in court testimony, allegations similar to those leveled against his successor. Breuer's trial starts 10 days after the bank said ... http://tinyurl.com/86grnuz

Bank Shareholders Don't Have Much To Be Thankful For - Forbes

Are France And The U.K. Bigger Threats To U.S. Banks Than Greece And Italy? Halah Touryalai Forbes Staff Investors in financial stocks don't have much to be thankful for this Thanksgiving. Just take a quick look at year-to-date share prices ... http://tinyurl.com/dyy23zq

Wednesday, November 23, 2011

State Bank Freedom for Android - CNet

CNET Editors' note: The "Download Now" link directs you to the Android Market where you must continue the download process. This download may not be available in some countries. !!!! THIS IS THE OFFICIAL STATE BANK MOBILE BANKING APPLICATION !!!!Away from ... http://tinyurl.com/83cuu76

China Signals Growth Concern in Rural Bank Boost - Bloomberg

China widened efforts to support cash-strapped companies in Zhejiang and rural areas hit by a credit squeeze that's slowing the second-largest economy just as Europe's debt crisis saps export demand. The People's Bank of China cut the ... http://tinyurl.com/dxc7mdt

Bank of Canada to keep policy easy, cites Europe - YAHOO!

OTTAWA (Reuters) - The Bank of Canada will keep "considerable monetary stimulus in place," in part because of a European debt crisis that "appears barely contained," Governor Mark Carney said on Wednesday. Carney said that as recently as July, markets had ... http://tinyurl.com/bq9j8qt

UPDATE 2-US bank shares fall on Europe, stress test concerns - Reuters

Nov 23 (Reuters) - Bank stocks took a nose-dive on Wednesday on concerns about the European debt crisis and rigorous stress tests unveiled by the Federal Reserve on Tuesday, analysts said. Bank of America Corp shares fell 4.3 percent to $5.14 ... http://tinyurl.com/7ktpazj

Tuesday, November 22, 2011

World Bank: China faces Europe risk, soft landing possible - Reuters

TOKYO (Reuters) - China's economy faces growing risks from Europe's sovereign debt crisis and from debt held by local Chinese governments but it could engineer a soft landing by easing monetary policy, the World Bank said on Tuesday. In a semi ... http://tinyurl.com/85xdch9

Bank of America, CalPERS settle suit over Countrywide - Los Angeles Times

California's giant public pension fund and 15 other large investors settled lawsuits that accused former mortgage giant Countrywide Financial Corp. of costing them billions of dollars in stock losses by failing to disclose the severity of the ... http://tinyurl.com/7dpx3gx

Bank earnings at highest level in 4 years - Houston Chronicle

WASHINGTON - Bank earnings rose over the summer to their highest level in more than four years, while the number of troubled banks fell for the second straight quarter, federal regulators reported Tuesday. The Federal Deposit Insurance Corp. said the ... http://tinyurl.com/6tgwm2l

China faces Europe risk, soft landing possible - World Bank - Reuters UK

TOKYO (Reuters) - China's economy faces growing risks from Europe's sovereign debt crisis and from debt held by local Chinese governments but it could engineer a soft landing by easing monetary policy, the World Bank said on Tuesday. In a semi ... http://tinyurl.com/7zo79p6

Analysis: Bank repatriation insulates euro, drains world - Reuters

LONDON (Reuters) - European bank money is heading home as the sovereign debt crisis reaches a crescendo, insulating the euro exchange rate but threatening a credit shock to challenge policymakers worldwide. To the extent this is being caused by ... http://tinyurl.com/c3a2f2k

Monday, November 21, 2011

Bank of America Shares Decline 5 Percent to March 2009 Levels - Bloomberg

Bank of America Corp. (BAC) dropped the most in the Dow Jones Industrial Average and touched levels last seen in March 2009 as investors speculated on how much faulty mortgages will cost the lender. Bank of America fell 5 percent to $5.49 at 4 ... http://tinyurl.com/d9jnp9u

Bank of America Raises Venezuela GDP Forecast on Spending - Bloomberg

Bank of America Corp. raised its forecast for Venezuela's economic growth this year and next as President Hugo Chavez increases spending and speeds up the building of homes for the poor ahead of next year's elections. Gross domestic product ... http://tinyurl.com/c458hf3

Is Citigroup worse than Bank of America? - MSN Money

Plenty of ugly headlines have been written about Bank of America (BAC) lately. There's the galling hubris of CEO Brian Moynihan, stating that the public is too quick to criticize such an altruistic bank. There's the panicked race to recapitalize, including ... http://tinyurl.com/878aa4h

Bank Failures Touch 90 - Analyst Blog - NASDAQ

U.S. regulators continue to shutter banks. Last Friday saw the closing down of one bank in Iowa and another in Louisiana. The twin closure takes the total number of U.S. bank failures to 90 so far in 2011, following 157 in 2010, 140 in 2009 and ... http://tinyurl.com/7qtgzjd

Bank funding strangled by govt debt fears - Reuters UK

FRANKFURT/LONDON (Reuters) - Fear over European banks' exposure to risky government debt stalked markets and harried bank executives on Friday, as unsecured lending between banks evaporated and the cost of secured loans rose. Dwindling trust ... http://tinyurl.com/8xkoy74

Sunday, November 20, 2011

Johnson: Deutsche Bank Could Transfer Contagion - Bloomberg

Simon Johnson, who served as chief economist at the International Monetary Fund in 2007 and 2008, is a professor of entrepreneurship at the Massachusetts Institute of Technology's Sloan School of Management. Deutsche Bank holds a large amount of ... http://tinyurl.com/6t84pss

Bank shares up on positive outlook after decent 3Q - Yahoo Finance

DES MOINES, Iowa (AP) -- Bank stocks rose Friday, the end of another unsettling week focused on economic instability in Europe. Stocks generally were buoyed by new governments getting ready to take over in Italy and Greece, the two countries at ... http://tinyurl.com/6s69xtz

Police: Station destroyed, bank attacked in complex robbery in central Nigeria that kills 2 - Washington Post

LAGOS, Nigeria � Police say two officers are dead after gunmen blew up a police station in central Nigeria and attacked a bank branch there. Kogi state police spokesman Ajayi Okasanmi said Sunday that the attack happened Friday night in Kabba ... http://tinyurl.com/cdl9ecf

Saturday, November 19, 2011

West Bank land seized by Israeli kibbutz - CBS News

JERUSALEM - A tract of Palestinian land in the West Bank has for the first time been seized by a kibbutz located inside Israel, a prominent Israeli researcher said Saturday. The land � about 365 acres from the West Bank Palestinian village of ... http://tinyurl.com/76spp5x

Bank of America's billion-dollar spin - Salon

In the midst of our foreclosure crisis, it felt good to hear the TV commercial say that some homeless people in Brooklyn, N.Y., were able to move into decent housing. One little girl who had been living in a shelter was thrilled to have her own ... http://tinyurl.com/83e7vgh

Bank Chief Rejects Calls to Rescue Euro Zone - New York Times

And despite ever louder calls for central bank intervention, Mr. Draghi offered no hope he would come to any country's rescue by pumping money into the financial markets. Mr. Draghi, who took office at the beginning of the month, implicitly ... http://tinyurl.com/7onl9qz

Friday, November 18, 2011

San Francisco police arrest 100 in Bank of America protest - Los Angeles Times

Protesters in the Occupy Wall Street movement seized a Bank of America branch in the city's financial district Wednesday, a demonstration that forced jittery customers and employees to flee and ended in nearly 100 arrests. It took about 40 ... http://tinyurl.com/6mrvdgd

Bank Stress Gauges Show Pain Lasting Through Year End - Bloomberg

Three weeks after European leaders hailed an "historic" agreement to restore confidence to the region's banking system, rising gauges of stress in funding markets signal tensions will last at least through year-end. The gap between three ... http://tinyurl.com/752bomp

Deutsche Bank CEO says uncertainty is the new normal - Reuters

FRANKFURT Nov 18 (Reuters) - Deutsche Bank Chief Executive Josef Ackermann said market volatility is the 'new normal' and the sovereign debt crisis will force banks to fundamentally change the way they manage risks and portfolios. "We need to ... http://tinyurl.com/bsdg2ce

European bank chief urges action on rescue fund - Reuters India

FRANKFURT (Reuters) - European Central Bank chief Mario Draghi told euro zone governments on Friday to act fast to get their rescue fund up and running, expressing exasperation at their lack of progress in response to an escalating debt crisis ... http://tinyurl.com/7tohax9

UPDATE 3-Deutsche Bank denies Ackermann asked to go early - Reuters

FRANKFURT Nov 18 (Reuters) - Deutsche Bank on Friday denied a newspaper report that Chief Executive Josef Ackermann had been asked to stand down ahead of his planned departure in May next year. German daily Handelsblatt, citing sources, said ... http://tinyurl.com/6pq6omj

Thursday, November 17, 2011

European Rift on Bank's Role in Debt Relief - New York Times

FRANKFURT � The financial stability of Europe has come down to one institution, the European Central Bank, which is now under heavy new pressure to rescue the euro � or possibly see it collapse. José Luis Rodríguez Zapatero, Spain's ... http://tinyurl.com/cbu4yt9

Officer Shot After Vallejo Bank Robbery - msnbc.com

KCRA.com The officer who was shot at a Vallejo home Thursday afternoon after a bank robbery has died, KTVU-TV is reporting. Vallejo police Sgt. Jeff Bassett tells The San Francisco Chronicle that the officer was shot after a robbery of a Bank of America ... http://tinyurl.com/6o8v7qq

Don't Bank on More QE From the BOE - Wall Street Journal

The latest Bank of England quarterly Inflation Report was even gloomier than expected on the question of the U.K. economy's near-term prospects. But economists who think that it heralds yet more quantitative easing early in the New Year are ... http://tinyurl.com/7dcdzgh

Bank Branches Brush Up To Target Small Business - CNBC

There are no brochures � this is a green building, so unnecessary paper is discouraged. Bank employees use a wall-mounted computer screen to show customers different types of checking accounts and other bank products. Customers who need to wait for ... http://tinyurl.com/7fch5kk

UBS slashes investment bank, cuts profit targets - Reuters India

NEW YORK (Reuters) - Swiss bank UBS said it would resume dividend payments as it slashes risky assets in its scandal-hit investment bank by almost half in a shift of focus back to the core business of managing the assets of the world's wealthy ... http://tinyurl.com/8yqvobr

Wednesday, November 16, 2011

Brandjacked! Fake Google+ Page Insults Bank of America - FOX News

Social media fail or fraud? A Google+ page that appeared to be the online home of Bank of America has for the past seven days advertised the company's "new" slogan: "We took your bailout money and your mortgage rates are going up." The page was ... http://tinyurl.com/cgsk7cy

UPDATE 2-Q3 profit drops 64 pct at Egyptian bank EFG-Hermes - Reuters

CAIRO, Nov 16 (Reuters) - EFG-Hermes, Egypt's biggest investment bank, said on Wednesday its third-quarter net profit tumbled 64 percent, the latest Egyptian financial company to take a hit from the turmoil in the wake of the country's popular ... http://tinyurl.com/7rgafyk

Bank of America 'brandjacked' by phony Google+ page - CNET News

A fake Google+ page for Bank of America has put both the bank and Google in a bad light. Just one day after Google rolled out its new business feature last Monday, a group of hackers set up a Google+ page using Bank of America's name, but ... http://tinyurl.com/7e7ozm4

Fake Google+ Profile Looks Bad For Bank Of America, But Worse For Google - Huffington Post

A Google+ account titled "Bank of America" posted a series of updates last week mocking homeowners who couldn't pay their mortgages. "Big company party in foreclosed house 2340087 tonight!" read one post. Another warned Occupy Wall ... http://tinyurl.com/775zsvx

Bank of America Said to Shrink Merrill Lynch Equity Sales Team in London - Bloomberg

Bank of America Corp. (BAC), the second- biggest U.S. lender by deposits, cut part of its top-ranked Merrill Lynch & Co. equities division in Europe and reduced its sales and trading team in Dubai by 40 percent, people with knowledge of the ... http://tinyurl.com/889ccmp

Bank leaves door open to more QE, economy on brink - Reuters UK

LONDON (Reuters) - The Bank of England signalled on Wednesday it may have to pump more cash into an economy teetering on the brink of a contraction, slashing its inflation and growth forecasts as fears over the euro zone crisis deepen. Bank ... http://tinyurl.com/6rjsu6c

Tuesday, November 15, 2011

Bank's King may flag more QE as outlook darkens - Reuters UK

LONDON (Reuters) - The Bank of England may flag the need for yet another cash injection to shore up the economy when it updates growth and inflation forecasts later on Wednesday, as the euro zone debt crisis threatens to tip Britain back into ... http://tinyurl.com/clzah5d

Bank of America technology layoffs underway - Reuters

Nov 15 (Reuters) - Bank of America Corp technology and operations employees are being notified about layoffs this week as part of the company's ongoing efficiency initiative, a bank spokeswoman said on Tuesday. The affected employees are in ... http://tinyurl.com/cbhkr9x

Bank of America gets punked online - MSN Money

Bank of America (BAC) said what? Pranksters created a fake website for the bank on the Google+ social network this month, posting unflattering pictures of executives and snarky status updates. The site appeared to be legitimate, with the bank's logo and ... http://tinyurl.com/cld6qzw

Bank of America defaults, late payments slip in October - USA Today

Bank of America on Tuesday reported slight dips in the rates of default and late payments by its credit card customers for October. Rates for both measures for the Charlotte, N.C.-based bank's credit card division are at their lowest points ... http://tinyurl.com/cnjd72k

Citigroup Holdings Pared by Paulson, Lansdowne Funds as Bank's Shares Slid - Bloomberg

Paulson & Co., Lansdowne Partners LP, and Lone Pine Capital LLC were among investment firms that cut stakes in Citigroup Inc. (C) as shares of the bank slid 38 percent in the third quarter. Paulson & Co., founded by billionaire John Paulson ... http://tinyurl.com/89lfbam

Food Bank For New York City Launches New Interactive Virtual Food Drive Fundraising Tool - msnbc.com

Food Bank For New York City -- the city's major hunger-relief organization working to end food poverty throughout the five boroughs -- today announced the official launch of its highly anticipated new interactive virtual food drive fundraising tool that ... http://tinyurl.com/cgqa8db

Bank of America Announces Commencement of Consent Solicitation for Certain Trust Preferred Securities - MSN Money

Bank of America Corporation announced today that it is soliciting consents (the "Consent Solicitation") to proposed amendments (each a "Proposed Amendment") from the holders of the outstanding securities listed in the table below (collectively ... http://tinyurl.com/6bm9qps

Bank of America's Construction Bank Sale Lifts Capital, Reduces China Risk - Bloomberg

Bank of America Corp. (BAC) plans to bolster capital by divesting most of its stake in China Construction Bank Corp. (939), locking in investment gains as concern mounts that the Asian lender's defaults may rise as China's economy slows ... http://tinyurl.com/clgc22v

Monday, November 14, 2011

Bank's King to strike gloomy note on economy - Reuters UK

LONDON (Reuters) - Bank of England Governor Mervyn King looks set to provide a gloomy outlook for Britain's economy when he presents the Bank's quarterly forecasts on Wednesday as the euro zone crisis rumbles on and signs mount of a looming ... http://tinyurl.com/bo25xbb

Bank of America's Google+ page is "brand-jacked" - ZDNet

Summary: Google+ launched its business pages a week ago. One of the highest profile sites is from Bank of America. Or is it? Judging by the biting satirical content, Google has been thoroughly punked. Last week, Google+ finally got around to ... http://tinyurl.com/btt4v9f

Harris Bank subpoenaed, workers sue over MF Global - msnbc.com

(Reuters) - Fallout from MF Global Holdings Ltd's bankruptcy intensified as a U.S. regulator subpoenaed a bank that held some of its customers' money, while some of the 1,066 workers fired from the futures brokerage last week filed three lawsuits over ... http://tinyurl.com/6uxy5ly

Harris Bank subpoenaed, workers sue over MF Global - Reuters India

REUTERS - Fallout from MF Global Holdings Ltd's bankruptcy intensified as a U.S. regulator subpoenaed a bank that held some of its customers' money, while some of the 1,066 workers fired from the futures brokerage last week filed three lawsuits ... http://tinyurl.com/cb92rs7

Deutsche Bank CEO drops supervisory board bid - AP - msnbc.com

A monthlong battle for the future leadership of Deutsche Bank ended Monday with the lender's announcement that CEO Josef Ackermann has withdrawn his candidacy to become chairman of its board of directors. Instead, that role will be filled by Paul ... http://tinyurl.com/cuacd7c

Deutsche Bank's Ackermann Won't Take Chairman Role - New York Times

FRANKFURT � Josef Ackermann unexpectedly canceled plans to assume the chairmanship of Deutsche Bank when he retires as chief executive in May, possibly heralding his departure from the public stage after a decade as one of the most powerful ... http://tinyurl.com/cvtz2pb

Deutsche Bank: CEO Ackermann won't join sup. board - Reuters

FRANKFURT Nov 14 (Reuters) - Deutsche Bank on Monday said Chief Executive Josef Ackermann will not join the supervisory board of Deutsche Bank, a move that leaves investment banking chief Anshu Jain a freer hand to shape the strategy of Germany ... http://tinyurl.com/ch8p3t2

Bank of America to sell most of its remaining CCB stake - Reuters UK

(Reuters) - Bank of America Corp (BAC.N) plans to sell most of its remaining stake in China Construction Bank Corp (0939.HK) for $6.6 billion in cash to boost its capital levels. In the last three months, the largest U.S. bank has agreed to sell ... http://tinyurl.com/7vnvthm

Bank of America to Sell More of CCB Stake - New York Times

Bank of America announced on Monday that it would sell most of its remaining China Construction Bank holdings to a group of unidentified investors, a deal that is projected to raise $1.8 billion. Bank of America, which will still hold a roughly ... http://tinyurl.com/curs6vq

Sunday, November 13, 2011

UniCredit Said to Propose Raising $10.3 Billion in Share Sale to Holders - Bloomberg

The strategic committee of Italy's biggest bank met in Milan today and recommended the stock sale, which is expected to be approved tomorrow by directors, said the people, who asked not be named because the discussions are not public. http://tinyurl.com/crr4dhs

Bank slow to ride to Europe's rescue - Cape Cod Times

FRANKFURT, Germany � The European Central Bank is for now the eurozone's only battle-ready weapon against the market turmoil that is nudging Italy � and the entire 17-nation currency bloc � to the brink of financial disaster. But although ... http://tinyurl.com/buekj4u

Saturday, November 12, 2011

Invisible Bank Run Becomes Conversation With 7% Italy Yield - BusinessWeek

Nov. 11 (Bloomberg) -- Italy's highest bond yields since the birth of the euro are reverberating through the financial system of Europe's biggest debt issuer, driving lenders to seek record amounts of central bank financing. Italian banks ... http://tinyurl.com/cgh2b7v

Can The World Afford Another Round Of Bank Bailouts? - Forbes

Everyone following closely the unfolding sovereign debt crisis on both sides of the Atlantic cannot help but be concerned about the prospect of another round of bank bailouts. Reflecting these concerns, the Federal Reserve is considering another ... http://tinyurl.com/ctu9mtt

Bank gift cards: Five tips - Los Angeles Times

Bank gift cards, which resemble credit cards and can be used in a variety of shops, were almost entirely unregulated until late last year. Now there are at least some consumer protections on these cards, which carry the MasterCard, Visa ... http://tinyurl.com/ct6rg5y

Why won't the European Central Bank save Europe? - CNN

(CNN)-- As Italy and other countries stare into the financial abyss, questions are being raised about whether the European Central Bank should be bailing out failing economies as the only institution with sufficient funds available to act on ... http://tinyurl.com/6tfgw5p

Friday, November 11, 2011

U.S. Prime Money-Market Funds Pull $8 Billion From Deutsche Bank - Bloomberg

The biggest U.S. prime money-market funds cut their investments in Deutsche Bank AG (DBK) by $8.1 billion in October, the largest drop among 35 of the largest banks in Europe, the U.S., Japan and Canada, Bloomberg analysis shows. Deutsche Bank ... http://tinyurl.com/cqmpadk

Bank of America Says Regulators May Limit Transfer of Merrill Derivatives - Bloomberg

Bank of America Corp. (BAC) may be prevented by regulators from shifting derivatives contracts into the books of a deposit-taking unit, potentially forcing the lender to hand over more collateral to counterparties. The lender has designated the ... http://tinyurl.com/84gwh9a

Bank of Ireland deposits up, trading challenging - Reuters UK

DUBLIN, NOV 11 - Bank of Ireland (BKIR.I) said on Friday its deposits rose 3 percent in the four months to end-October, improving its funding position, although the country's largest lender said trading was still tough. The bank said its profit ... http://tinyurl.com/cdbckee

Bank of Canada's 2 percent inflation target renewed - Reuters Canada

OTTAWA (Reuters) - The government and the Bank of Canada agreed on Tuesday to renew without change the central bank's five-year mandate to target a 2 percent overall inflation rate. That contrasts with the dual mandate of the U.S. Federal ... http://tinyurl.com/7beo62w

Bank of America: Fallen angel or demon? - Marketwatch

The stock I get asked most about right now is unquestionably Bank of America. (NYSE:BAC) � I don't think there is even a close second. And I get why. BAC crashed from over $50 before the 2008 financial crisis down to $3, recovered with a bounce ... http://tinyurl.com/cb79op8

TEXT-Fitch affirms Jammu & Kashmir Bank at 'Fitch AA(ind)'/stable - Reuters

Nov 11- Fitch Ratings, Mumbai/ Singapore, 11 November 2011: Fitch Ratings has affirmed Jammu and Kashmir Bank Ltd's (JK Bank) National Long-Term rating at 'Fitch AA(ind)' with a Stable Outlook. The agency has also affirmed JK Bank's INR6bn lower ... http://tinyurl.com/ce26erl

Don't bank on those fees to soon go away - Chicago Tribune

Sure, Bank of America dropped its plan to charge customers $5 a month for the privilege of using their debit cards. Does that mean consumers have won the battle against bank fees? Don't count on it. In addition to paying to use another bank's ... http://tinyurl.com/d3t9pwh

Italy Yields Drive Record Central Bank Financing - Bloomberg

By John Glover and Elisa Martinuzzi - Fri Nov 11 00:00:49 GMT 2011 Italy's highest bond yields since the birth of the euro are reverberating through the financial system of Europe's biggest debt issuer, driving lenders to seek record amounts ... http://tinyurl.com/c9qtrk5

Thursday, November 10, 2011

Bank critic won't be silenced - Chicago Sun-Times

Mike Mayo is at it again. Mayo is the Wall Street analyst who has been a thorn in the side of banks for years. Outspoken, blunt, volatile and prickly, the 48-year-old has been ridiculed by his peers, shut out of industry conferences, and ... http://tinyurl.com/dylfnsr

Regulators close a bank in Georgia - AP - msnbc.com

Regulators on Friday closed a bank Georgia, bringing to 88 the number of bank failures in the U.S. this year. The number of closures has fallen sharply this year as banks have worked their way through the bad debt accumulated in the recession. By this time ... http://tinyurl.com/7os9or9

Euro Crisis's Enabler: The Central Bank - New York Times

THE escalating debt crisis in Europe has claimed the political career of one prime minister, George A. Papandreou of Greece, and threatened that of another, Silvio Berlusconi of Italy. Despite popular resistance, governments are racing to stay ... http://tinyurl.com/c9zo76k

Lucas Papademos, Former European Central Bank Official, Named New Greek Prime Minister - Huffingtonpost.com

ATHENS, Greece � Senior banker Lucas Papademos was named Thursday to be the new prime minister of an interim Greek unity government that seeks to cement a new European debt deal and stave off national bankruptcy. Papademos, who was named after ... http://tinyurl.com/c3dypph

Bank to hold fire on more QE despite recession risks - Reuters UK

LONDON (Reuters) - The Bank of England looks set to keep interest rates at record lows and its asset buying plan unchanged on Thursday, holding fire on more stimulus for a fragile economy while it assesses the impact of existing measures. The ... http://tinyurl.com/d325rvf

Wednesday, November 9, 2011

Bank Stocks Crushed on Euro Worries - Wall Street Journal

U.S. bank stocks slumped Wednesday as the market turned�ruthlessly on Italy, raising fears about the third-largest economy in Europe and�its ability to remain current on debt payments. The latest scare, which sent the yields on Italian bonds ... http://tinyurl.com/7cal3ml

Bank of Virginia Reports Third Quarter 2011 Results - msnbc.com

MIDLOTHIAN, Va., Nov. 9, 2011 (GLOBE NEWSWIRE) -- Bank of Virginia (the "Bank") (Nasdaq:BOVA) ( www.bankofva.com ), announced financial results for the third quarter of 2011 and the launch of a new $40 million commercial loan effort targeted to ... http://tinyurl.com/77sk8vr

Bank Of America Overdraft Lawsuit: Judge Approves $410 Million Settlement - Huffingtonpost.com

MIAMI � A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade. Senior U.S. District ... http://tinyurl.com/7ohdgro

Food bank dishes request to governor - msnbc.com

PENNSAUKEN�� The Food Bank of South Jersey wants Gov. Chris Christie to know it needs more help It's sending the message on paper plates. More than 1,700 food-insecure clients served by 240 charitable organizations the Food Bank supplies have written ... http://tinyurl.com/6u7tlpa

UPDATE 3-State Bank of India's bad loans spook investors - Reuters

MUMBAI, Nov 9 (Reuters) - State Bank of India posted a 12.4 percent rise in earnings, halting a two-quarter decline, but worsening asset quality rattled investors and sent its shares skidding by as much as 7.3 percent. Worries about rising bad ... http://tinyurl.com/ccubqv6

Bank of America agrees to $410 million settlement in overdraft fees lawsuit - Sun Sentinel

Bank of America Corp., the largest debit card issuer, won court approval of a $410 million settlement with customers who claimed the bank illegally charged excessive overdraft fees in electronic transactions. U.S. District Judge James Lawrence ... http://tinyurl.com/c77358m

Tuesday, November 8, 2011

Bank seen sticking to �75 billion extra QE -- for now - Reuters UK

LONDON (Reuters) - The Bank of England will keep interest rates at record lows and its asset buying programme unchanged after its policy meeting on Thursday, holding fire on further stimulus for a fragile economy while it assesses the impact of ... http://tinyurl.com/co7soyx

High Bank Fees Give Wal-Mart a Money Aisle - New York Times

DICKSON CITY, Pa. � Americans say they are fed up with banks. They are protesting on Wall Street and raising a ruckus over outsize fees. Now there is a surprising beneficiary: Wal-Mart. Geoffrey Cardone, a 26-year-old factory worker, said he ... http://tinyurl.com/cbrqf9s

Bank of America to Pay $410 Million for Overdraft Fee Scheme - credit.com

Bank of America has agreed to pay $410 million to settle a class-action lawsuit that accused the nation's largest bank of manipulating customers' debit card accounts to generate billions of dollars in extra overdraft fees. The bank admitted no ... http://tinyurl.com/6whnfle

Bank of America to pay $410M in settlement - GlobalPost

Bank of America has agreed to a $410 million settlement with its disgruntled customers who said they paid excessive overdraft fees. The Monday court approval by US District Judge James Lawrence King will mean that nearly 1 million account holders will ... http://tinyurl.com/d5w68ck

Judge OKs $410M Settlement for Bank of America - ABC News

A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade. Senior U.S. District Judge James ... http://tinyurl.com/bt9v8w8

Idaho Independent Bank Announces Extension of Common Stock Offering - msnbc.com

COEUR D'ALENE, Idaho, Nov. 8, 2011 (GLOBE NEWSWIRE) -- Jack W. Gustavel, Chairman and Chief Executive Officer of Idaho Independent Bank ("IIB" or the "Bank") (OTC BB:IIBK), announced that the Bank has extended the deadline for participation in ... http://tinyurl.com/74tbkpw

Monday, November 7, 2011

Bank Of America Overdraft Lawsuit: Millions Of Customers May Be Eligible For Settlement - Huffingtonpost.com

MIAMI � A federal judge was asked Tuesday to give final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade. Attorneys ... http://tinyurl.com/d5p2qxp

Bank of America customers win overdraft settlement - WFAA

MIAMI (AP) � A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade. Senior U.S ... http://tinyurl.com/bu4oayg

Korea Exchange Bank Third-Quarter Profit Declines 63% as Provisions Climb - Bloomberg

Lone Star Funds' Korea Exchange Bank (004940) posted a 63 percent drop in third-quarter profit because of increased provisions, a week after the U.S. firm was told it would have to sell its stake in the lender. Net income declined to 117 ... http://tinyurl.com/7af3nmg

Bank of America sensibly relents on debit-card charge - News-Democrat

The following editorial appeared in the Seattle Times on Friday, Nov. 4: We may never know exactly how many customers Bank of America lost, but its plan to charge a $5 monthly fee for debit-card use spurred deserved outrage and prompted a number ... http://tinyurl.com/cst97jo

Bank of America shares fall after stock swap plan - Reuters

(Reuters) - Bank of America Corp's (BAC.N) plan to issue common stock in exchange for preferred shares rattled its stock price on Friday and underscored how the bank is in a deeper capital hole than its peers, analysts said Friday. While rivals ... http://tinyurl.com/bnqkcr9

Sunday, November 6, 2011

European Central Bank, Under New Chief, Cuts Key Rate - New York Times

Two days after assuming office in one of the most turbulent phases in the history of the euro zone, Mr. Draghi signaled that he might be more willing than his predecessor, Jean-Claude Trichet, to tolerate inflation in the name of economic growth ... http://tinyurl.com/d3qrg74

Bank Transfer Day a boon to credit unions, small banks - Philadelphia Daily News

Five weeks after Bank of America announced a $5 monthly fee for debit-card use and blamed it on new financial rules, and four days after Bank of America did an about-face after other large banks dropped similar plans, John Gorham and Julie ... http://tinyurl.com/6gcdcy3

Royal Bank of Scotland's Profit Falls 63% - New York Times

LONDON � Royal Bank of Scotland on Friday reported a 63 percent drop in operating profit, to �267 million, or $428 million, in the three months through September as volatility in European financial markets continued to hit its investment ... http://tinyurl.com/3elew74

Saturday, November 5, 2011

Central Coast native behind "Bank Transfer Day" - msnbc.com

A 27-year-old Central Coast native is behind "Bank Transfer Day," a movement against banks making international headlines. Kristen Christian started "Bank Transfer Day," which takes place Saturday, about a month ago, encouraging people to transfer their ... http://tinyurl.com/43tpa3l

Fed-up consumers planning for 'Bank Transfer Day' - msnbc.com

NEW YORK - It's moving day for bank customers. A grassroots movement that sprang to life last month is urging bank customers to close their accounts in favor of credit unions by Saturday. The spirit behind "Bank Transfer Day" caught fire with the Occupy ... http://tinyurl.com/3eenhm2

Bank Transfer Day: Marches Planned on Banks Nationwide - ABC News

Today is Bank Transfer Day-- a deadline of sorts to a movement calling for people to shift their funds from for-profit banking institutions to not-for-profit credit unions before Nov. 5. More than 82,000 people have RSVPed to the movement's ... http://tinyurl.com/3brt9fy

Second injured vet; Bank Transfer day - KABC

Oakland police said they are investigating the circumstances surrounding the arrest of U.S. Army veteran Kayvan Sabeghi, who was hospitalized after the arrest during this week's Occupy Oakland protests. Sabeghi, 32, an owner of the El Cerrito brewpub ... http://tinyurl.com/4mrf2eo

Don't Confuse Bank Transfer Day With Occupy Wall Street, Says Coordinator - ABC News

It's not even Bank Transfer Day yet, but already 650,000 people across the country have joined credit unions in the past four weeks. Bank Transfer Day calls for people to shift their funds from for-profit banking institutions to not-for-profit ... http://tinyurl.com/3wtu6cf

Bank Transfer Day: Occupy-backed assault on big banks gaining steam - The Christian Science Monitor

Some of the estimated 15,000 community banks and credit unions already appear to be profiting from the upcoming International Bank Transfer Day. Organizers of the action have set the date of Nov. 5 for consumers to shift their financial assets ... http://tinyurl.com/4ydmgzl

Bank transfer day' part of unrest - Fort Wayne Journal Gazette

NEW YORK � It's moving day for bank customers. A grass-roots movement that sprang to life last month is urging bank customers to close their accounts in favor of credit unions by today. The spirit behind "Bank Transfer Day" caught fire ... http://tinyurl.com/6xt6yab

Friday, November 4, 2011

Bank Plans Stock Trade To Cut Debt - New York Times

The new stock would be issued in exchange for preferred shares currently held by investors. The bank's shares have been battered recently amid fears about the effect of the debt crisis in Europe and other worries that have been hanging over ... http://tinyurl.com/3qabh6m

Bank Transfer Day protest a marketing boon for some - Reuters UK

NEW YORK, Nov 4 (Reuters) - Bank Transfer Day -- the protest movement urging Americans to take their business out of big banks on Saturday and put it into credit unions and local banks -- is being used as a marketing opportunity by some. A ... http://tinyurl.com/5rphg8t

Hate your bank? Saturday is 'Bank Transfer Day' - MSN Money

This post comes from Jennifer Waters at partner site MarketWatch. If you've been thinking about firing your bank, now might be the time. A handful of grassroots groups are mobilizing people to abandon mega-banks for what one organizer calls "more friendly ... http://tinyurl.com/3rdbdsw

Fed-up consumers planning for 'Bank Transfer Day' - AP - msnbc.com

It's moving day for bank customers. A grassroots movement that sprang to life last month is urging bank customers to close their accounts in favor of credit unions by Saturday. The spirit behind "Bank Transfer Day" caught fire with the Occupy Wall Street ... http://tinyurl.com/6cnphft

Bank of America Swap: Analysts React, Not Always Happily - Wall Street Journal

Bank of America shares are down nearly 4% this morning, worse than the broader market and the worst performer in the Dow industrials, after the bank last night disclosed its interest in maybe swapping some preferred stock for common stock ... http://tinyurl.com/3gnqkkj

Bank of America refrains from charging debit card usage - Daily Northwestern

Bank of America announced it would not implement a new monthly debit card fee Tuesday, days after competitors JPMorgan Chase and Wells Fargo said they were abandoning similar plans. The fee was a way to recuperate revenue lost due to new federal ... http://tinyurl.com/5vpavfa

Bank of America's 20 Days of Trading Losses Included Biggest Since 2008 - Bloomberg

By Michael J. Moore - Thu Nov 03 22:54:08 GMT 2011 Bank of America Corp. (BAC), the second- largest U.S. lender, had trading losses on 20 days in the third quarter, led by a $119 million drop on one day, the largest single-day hit since 2008 ... http://tinyurl.com/5vtnc6l

Thursday, November 3, 2011

Barclays's Julian Callow on Europe � BusinessWeek

The GuardianBarclays's Julian Callow on EuropeBusinessWeekWhat actually does Barclays feel Europe will do in 2012? I think at best we can just hope for GDP to be roughly flat. The danger is that we are, in fact, going to see some weakness emerge an...

Barclays's Julian Callow on Europe � BusinessWeek

http://twlv.net/MSOhd6

TRW Automotive Holdings (TRW) Shares Given New $60.00 Price Target by Deutsche … � LocalizedUSA

TRW Automotive Holdings (TRW) Shares Given New $60.00 Price Target by Deutsche ...LocalizedUSAEquities research analysts at Deutsche Bank (NYSE: DB) lowered their price target on shares of TRW Automotive Holdings (NYSE: TRW) from $64.00 to $60.00 in a ...

TRW Automotive Holdings (TRW) Shares Given New $60.00 Price Target by Deutsche … � LocalizedUSA

http://twlv.net/YMTtfz

Canadian Dollar Rises as Greece Scraps Referendum, Buoying Risk � BusinessWeek

24 Hours VancouverCanadian Dollar Rises as Greece Scraps Referendum, Buoying RiskBusinessWeek3 (Bloomberg) -- Canada's dollar rose after Greece signaled that it won't hold a referendum on its financial rescue, spurring demand for higher-yieldin...

Canadian Dollar Rises as Greece Scraps Referendum, Buoying Risk � BusinessWeek

http://twlv.net/WZwf5M

Greek PM on brink as anxious world watches euro zone � Reuters

The Associated PressGreek PM on brink as anxious world watches euro zoneReutersBy Dina Kyriakidou and Abhijit Neogy ATHENS/CANNES, France (Reuters) - Greece's teetering government backed away from a proposed referendum on staying in the euro on Thu...

Greek PM on brink as anxious world watches euro zone � Reuters

http://twlv.net/wipHTg

KB Home to Webcast Presentation at the UBS Building and Building Products … � SunHerald.com

KB Home to Webcast Presentation at the UBS Building and Building Products ...SunHerald.comLOS ANGELES -- KB Home (NYSE: KBH), one of America's premier homebuilders, today announced that it will...



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



http://twlv.net/FZybt7

BofA 'Should Be Worried' as Clients Mull Leaving, Poll Shows � San Francisco Chronicle

BofA 'Should Be Worried' as Clients Mull Leaving, Poll ShowsSan Francisco Chronicle3 (Bloomberg) -- Bank of America Corp. retail customers are the least satisfied among clients of the biggest US lenders and the most likely to defect to competit...

BofA 'Should Be Worried' as Clients Mull Leaving, Poll Shows � San Francisco Chronicle

http://twlv.net/9MzitT

Oil companies hike petrol prices by Rs 1.82/litre � NDTV.com

The HinduOil companies hike petrol prices by Rs 1.82/litreNDTV.comState run oil companies have hiked petrol prices by Rs 1.82 per litre with effect from Thursday midnight. Indian Oil, HPCL and Bharat Petroleum had last hiked petrol prices by Rs 3.14 a ...

Oil companies hike petrol prices by Rs 1.82/litre � NDTV.com

http://twlv.net/Ns1GTP

Indian rupee rebounds on domestic shares, euro � Reuters India

Indian rupee rebounds on domestic shares, euroReuters IndiaMUMBAI, Nov 3 (Reuters) - The Indian rupee reversed intraday losses on Thursday in tandem with a recovery in local shares and the euro as hopes gained that Athens may not conduct a referendum o...

Indian rupee rebounds on domestic shares, euro � Reuters India

http://twlv.net/xnt2V2

US stock futures up on hope Greek vote is scuttled (AP)

AP - US stock futures are higher as hopes grow that a plan to tackle the European debt crisis will survive.

US stock futures up on hope Greek vote is scuttled
(AP)

http://twlv.net/MFDSDx

UPDATE 1-Bangkok Bank says floods to hit lending into 2012 - Reuters

BANGKOK, Nov 3 (Reuters) - Thailand's top lender, Bangkok Bank Pcl , said on Thursday it expected lower loan growth in the fourth quarter due to flooding in central provinces and the slowdown would probably continue into the first half of next ... http://tinyurl.com/4xsnhcb

Futures signal higher opening for stocks (Reuters)

Reuters - Stock index futures pointed to a slightly higher opening for equities on Wall Street on Thursday, with futures for the S&P 500, for the Dow Jones and for the Nasdaq 100 up 0.1 to 0.2 percent.

Futures signal higher opening for stocks
(Reuters)

http://twlv.net/9Yt8mT

Bank of America nixes $5 debit card fee - msnbc.com

Bank of America Corp. is scrapping its plan to charge a $5 monthly debit card fee. The bank's decision to drop the fee came after a roar of customer outrage in recent weeks over the fee. Other major banks, including JPMorgan Chase & Co. and Wells Fargo ... http://tinyurl.com/3nhefad

Sterling slips vs dollar, but supported against euro � Reuters UK

Sterling slips vs dollar, but supported against euroReuters UK... Sterling eased to a two-week low against the dollar on Thursday as stock markets came under pressure on mounting worries about a disorderly Greek debt default, concerns which saw the com...

Sterling slips vs dollar, but supported against euro � Reuters UK

http://twlv.net/MjQ78o

Trade Idea: GBP/USD � Target met and sell again at 1.5970 � Action Forex

Trade Idea: GBP/USD � Target met and sell again at 1.5970Action ForexDespite yesterday's rebound to 1.6048, the British pound faltered below the Ichimoku cloud and has fallen in line with our expectation, our short position entered at 1.6030 met ...

Trade Idea: GBP/USD � Target met and sell again at 1.5970 � Action Forex

http://twlv.net/MP8qFF

Callow Says Australian Dollar's Fall `Bit Worrying' � Washington Post

Callow Says Australian Dollar's Fall `Bit Worrying'Washington PostNov. 3 (Bloomberg) -- Sean Callow, a senior currency strategist at Westpac Banking Corp., talks about Europe's debt crisis and its impact of the global currency market. He sp...

Callow Says Australian Dollar's Fall `Bit Worrying' � Washington Post

http://twlv.net/OjbWER

Wednesday, November 2, 2011

Slums with penthouse views highlight Hong Kong's wealth divide � CNN International

Slums with penthouse views highlight Hong Kong's wealth divideCNN InternationalHong Kong (CNN) -- If you can tolerate the junkies on the stairwells or the rats that sometimes scale the 12 floors of her building on the external electrical wiring, Lu...

Slums with penthouse views highlight Hong Kong's wealth divide � CNN International

http://twlv.net/2gx5Kh

ANZ Bank Second-Half Profit Misses Estimates as Trading Income Drops - Bloomberg

By Jacob Greber - Thu Nov 03 00:57:15 GMT 2011 Australia & New Zealand Banking Group Ltd. (ANZ), the worst performer among Australia's four largest bank stocks this year, posted second-half profit that missed analyst forecasts after volatile ... http://tinyurl.com/3tlfnoc

MF Global's Jon Corzine Runs Out of Luck � BusinessWeek

New York Times (blog)MF Global's Jon Corzine Runs Out of LuckBusinessWeekIn his 24-year career at Goldman Sachs, Jon Corzine made a name for himself as an intrepid trader who pushed the limits of risk. So it makes sense that when Corzine, after alm...

MF Global's Jon Corzine Runs Out of Luck � BusinessWeek

http://twlv.net/Wt3TZb

Molly Katchpole's Victory Over Bank of America? - ABC News

22-year-old Molly Katchpole and 300,000 other petition signer's victory over Bank of America may be part of a much larger trend � a consumer backlash against corporate America. "Every company is now sitting on electronic quicksand," PR ... http://tinyurl.com/3pmcs7u

Asia stocks down on Greek debt deal doubts (AP)

AP - Asian markets fell Thursday, as a European deal to bail Greece out of a massive financial mess appeared to be on the verge of unraveling.

Asia stocks down on Greek debt deal doubts
(AP)

http://twlv.net/8SsxYw

Bank of America drops debit card fee plan - St. Louis Post-Dispatch

Bank of America blinked on Tuesday. The bank has canceled its plans to add a monthly $5 fee for debit card usage. The fee, announced in late September, was widely panned by consumer groups. It also created a backlash from customers who vowed they'd dump ... http://tinyurl.com/63aml4t

Standard Chartered Sees Signs of Rivals Withdrawing, Bindra Says � BusinessWeek

Standard Chartered Sees Signs of Rivals Withdrawing, Bindra SaysBusinessWeek3 (Bloomberg) -- Standard Chartered Plc is seeing early signs that some international competitors are withdrawing from its markets, Asia Chief Executive Officer Jaspal Bindra s...

Standard Chartered Sees Signs of Rivals Withdrawing, Bindra Says � BusinessWeek

http://twlv.net/iarh3U

Singapore Stocks-Cautious start seen; OCBC, UOB in focus



Singapore Stocks-Cautious start seen; OCBC, UOB in focus
Reuters - 53 minutes ago
SINGAPORE, Nov 3 (Reuters) - Singapore shares are likely to have a cautious start on Thursday as weak earnings by two of the city-state's three banks could furthe...

Singapore Stocks-Cautious start seen; OCBC, UOB in focus

http://twlv.net/CYuSIc

FOREX-Euro subdued as ECB meeting, G20 Summit loom � Reuters

USA TodayFOREX-Euro subdued as ECB meeting, G20 Summit loomReutersSYDNEY, Nov 3 (Reuters) - The euro clung to overnight gains early in Asia on Thursday as the panicky reaction to Greece's plan to take a euro zone debt deal to a referendum faded som...

FOREX-Euro subdued as ECB meeting, G20 Summit loom � Reuters

http://twlv.net/1GnVE8

Bank customers win one -- for now - MSN Money

Champions of the underdog -- and mad-as-hell bank customers -- celebrated�when Bank of America announced Tuesday that it would not implement a monthly $5 debit card fee after all. Consumers had voiced their outrage by the hundreds of thousands, signing a ... http://tinyurl.com/3dfhkwr

RBS waives fees to step up business lending � Financial Times

RBS waives fees to step up business lendingFinancial TimesRoyal Bank of Scotland is stepping up its efforts to lend to small businesses as the state-backed bank comes under increasing pressure to meet targets set out by the government earlier this year...

RBS waives fees to step up business lending � Financial Times

http://twlv.net/JCRJZz

The euro tragedy is reaching its bloody end with Greece � Telegraph.co.uk

Telegraph.co.ukThe euro tragedy is reaching its bloody end with GreeceTelegraph.co.ukBut then, the euro appears constitutionally incapable of allowing them to pursue the correct ones. The virtuous nations of the single currency's core want only to ...

The euro tragedy is reaching its bloody end with Greece � Telegraph.co.uk

http://twlv.net/d0xLEO

Bank of America cancels $5 debit card fee plan - msnbc.com

CHARLOTTE, N.C. -- Bank of America has backpedaled on a $5 per month debit card usage fee after heavy public outcry. The Charlotte-based bank says a changing competitive marketplace and listening to its customers are the reasons why. Bank of America ... http://tinyurl.com/3mp2tew

LENNAR CORPORATION : Lennar's Presentation at the UBS Building & Building … � 4-traders (press release)

LENNAR CORPORATION : Lennar's Presentation at the UBS Building & Building ...4-traders (press release)Lennar Corporation www.lennar.com, its presentation at the UBS Building & Building Products Ninth Annual CEO Conference, which will be hel...

LENNAR CORPORATION : Lennar's Presentation at the UBS Building & Building … � 4-traders (press release)

http://twlv.net/Qr7Jpo

S. Koreans arrested over bogus loan scam � Bangkok Post

S. Koreans arrested over bogus loan scamBangkok PostPol Maj Gen Manoo Mekmok, the IPB superintendent, said the suspects sent short messages to the mobile phones of potential victims in South Korea offering them personal loans of up to 5 million Korean ...

S. Koreans arrested over bogus loan scam � Bangkok Post

http://twlv.net/Bxaf30

Dollar Stays Lower as Fed Raises Outlook, Refrains From Action � Bloomberg

ReutersDollar Stays Lower as Fed Raises Outlook, Refrains From ActionBloombergThe dollar remained lower versus the yen after the Federal Reserve raised its assessment of the economy while saying "significant downside risks" remain and refrained fro...

Dollar Stays Lower as Fed Raises Outlook, Refrains From Action � Bloomberg

http://twlv.net/KpXOz2

UBS AG (UBS) Analysts Raise Pinnacle West Capital (PNW) EPS Estimates � LocalizedUSA

UBS AG (UBS) Analysts Raise Pinnacle West Capital (PNW) EPS EstimatesLocalizedUSAEquities research analysts at UBS AG (NYSE: UBS) raised their earnings per share (EPS) estimates on shares of Pinnacle West Capital (NYSE: PNW) in a research note issued t...

UBS AG (UBS) Analysts Raise Pinnacle West Capital (PNW) EPS Estimates � LocalizedUSA

http://twlv.net/FECWA9

Stocks rebound after two-day rout

U.S. stocks opened higher Wednesday, following two days of sharp losses, as investors digested a better-than-expected report on the job market and awaited the Federal Reserve's latest statement on...



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



http://twlv.net/RnZqqM

In Retreat, Bank of America Cancels Debit Card Fee - New York Times

The bank, the nation's second-largest, said it was abandoning its plan to charge customers a $5 fee to use their debit cards for purchases. Only a month earlier, the bank had announced the new charge, immediately setting off a huge uproar from ... http://tinyurl.com/4x4hosz

CANADA FX DEBT-C$ strengthens as markets await Fed � Reuters

CANADA FX DEBT-C$ strengthens as markets await FedReutersThe Canadian dollar tumbled overnight to a low of C$1.0223 to the US dollar, or 97.82 US cents, but regained ground as investors took stock ahead of the Fed meeting. "Markets have settled si...

CANADA FX DEBT-C$ strengthens as markets await Fed � Reuters

http://twlv.net/G0SGch

Bank fees send some to credit unions - Worcester Telegram & Gazette

For many months, Sean J. McLoughlin considered leaving Bank of America and switching to a bank that didn't charge him fees just for having checking accounts. When Bank of America said in September it would charge customers $5 a month for using ... http://tinyurl.com/6xunyy2

EFSF Delays 3 Billion-Euro Bond Sale on Market Conditions � Bloomberg

BloombergEFSF Delays 3 Billion-Euro Bond Sale on Market ConditionsBloombergEurope's bailout fund is delaying a 3 billion-euro bond sale after markets were roiled by Greek Prime Minister George Papandreou's request for a referendum on the rescue...

EFSF Delays 3 Billion-Euro Bond Sale on Market Conditions � Bloomberg

http://twlv.net/WiGciv

Bank of America listens to customers, abandons debit fee plan - Wichita Eagle

NEW YORK � Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit card purchases after outraged customers threatened an exodus. The about-face comes as customers across the country petitioned the bank and mobilized to ... http://tinyurl.com/6x4fafd

Analysis: Baltic experiment has lessons for euro zone � Reuters

Analysis: Baltic experiment has lessons for euro zoneReutersThe Baltic economy's drive to squeeze higher returns from state assets ranging from office blocks to forestry firms, offer beleaguered European countries a reminder of what UBS has dubbed ...

Analysis: Baltic experiment has lessons for euro zone � Reuters

http://twlv.net/mdX8Ly

Won, Rupiah Lead Declines in Asia on Greek Referendum Concern � BusinessWeek

Won, Rupiah Lead Declines in Asia on Greek Referendum ConcernBusinessWeekElsewhere, China's yuan weakened 0.05 percent to 6.3573 per dollar in Shanghai. The Vietnamese dong and Malaysia's ringgit were little changed at 21009 and 3.1430, respect...

Won, Rupiah Lead Declines in Asia on Greek Referendum Concern � BusinessWeek

http://twlv.net/jDYhpU

China Everbright Bank Said to Renew Application for Hong Kong Share Sale - Bloomberg

China Everbright Bank Co., which pulled a plan to raise $6 billion in Hong Kong in August, renewed its application to the city's stock exchange for a share sale, said two people with knowledge of the matter. Everbright Bank, based in Beijing ... http://tinyurl.com/3tlhfqg

European Stock-Index Futures Rise Before Fed Policy Statement � BusinessWeek

European Stock-Index Futures Rise Before Fed Policy StatementBusinessWeekStandard Chartered Plc may move as the UK's second- largest bank by market value reported increased revenue. Mining companies may advance as copper snapped a two-day drop. Dai...

European Stock-Index Futures Rise Before Fed Policy Statement � BusinessWeek

http://twlv.net/2HYMON

Bank of America stuffs plan for debit-card fee - Philadelphia Daily News

NEW YORK - Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit-card purchases after outraged customers threatened an exodus. The about-face comes as customers across the country petitioned the bank and mobilized to ... http://tinyurl.com/6gcdcy3

Base Metals Accentuating On Wobbling US Dollar � India Infoline.com

Moneycontrol.comBase Metals Accentuating On Wobbling US DollarIndia Infoline.comThe dollar edged down by 0.3% at 77.08 against the basket of 6 major currencies as the as the mixed global economic uncertainties in the market kept the investor's in a...

Base Metals Accentuating On Wobbling US Dollar � India Infoline.com

http://twlv.net/PmNdFc

Tuesday, November 1, 2011

RBS chief executive Stephen Hester claims bankers' bonuses are 'not the font … � Telegraph.co.uk

Telegraph.co.ukRBS chief executive Stephen Hester claims bankers' bonuses are 'not the font ...Telegraph.co.ukStephen Hester, the chief executive of state-backed lender Royal Bank of Scotland, has reignited the row over bankers' bonuses, sa...

RBS chief executive Stephen Hester claims bankers' bonuses are 'not the font … � Telegraph.co.uk

http://twlv.net/QlcsyF

Bank of America scuttles plans to charge monthly fee for using debit cards - Kansas City Star

Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit-card purchases after outraged customers threatened an exodus. The about-face comes after customers across the country petitioned the bank and mobilized to close ... http://tinyurl.com/3lboak6

US Dollar Chart Setup Hints Rally to Moderate, Pullback Ahead � DailyFX

US Dollar Chart Setup Hints Rally to Moderate, Pullback AheadDailyFXTHE TAKEAWAY � US Dollar technical positioning suggests the safe-haven currency is set to correct lower after two days of sharp gains, a move likely coupled with an S&P 500 bounc...

US Dollar Chart Setup Hints Rally to Moderate, Pullback Ahead � DailyFX

http://twlv.net/GtjWtb

Customers relieved bank won't charge debit card fee - KABC

November 1, 2011 (CHICAGO) (WLS) -- Bank of America's about-face on a $5 monthly fee for debit card purchases is a rare victory for consumers. The nation's second largest bank announced Tuesday it reversed course after listening to customers ... http://tinyurl.com/aoqrxb

Foreigners resume buying S. Korean stocks, bonds in Oct. � Yonhap News

Foreigners resume buying S. Korean stocks, bonds in Oct.Yonhap News2 (Yonhap) -- Foreigners snapped up around 2.63 trillion won (US$2.33 billion) worth of South Korean equities and debts in October amid softening concerns over a global financial meltdo...

Foreigners resume buying S. Korean stocks, bonds in Oct. � Yonhap News

http://twlv.net/BL0Jzp

Bank of America reverses course, cancels plans for monthly debit-card fee - The News & Observer

LOS ANGELES -- Bank of America abandoned plans to charge customers $5 a month to use their debit cards, marking a high-profile retreat for a fee that became emblematic of the current populist outrage against Wall Street. The nation's second ... http://tinyurl.com/632hee7

Yen Gains Versus Peers as Greece Referendum Spurs Safety Demand � BusinessWeek

BloombergYen Gains Versus Peers as Greece Referendum Spurs Safety DemandBusinessWeek2 (Bloomberg) -- The yen advanced against 15 of its 16 major counterparts as renewed speculation Europe's debt crisis is worsening boosted appetite for safer assets...

Yen Gains Versus Peers as Greece Referendum Spurs Safety Demand � BusinessWeek

http://twlv.net/FfqTuD

Bank of America dumps plan for $5 debit-card fee - Orlando Sentinel

Bank of America Corp. � the last big-bank holdout in the debit-card fee controversy � said Monday it has scrapped its plan to impose a $5 monthly fee on customers who use their debit cards to make purchases. The second-biggest U.S. bank ... http://tinyurl.com/43rtugz

Australian Dollar Outlook: 3 Reasons to be Bearish � International Business Times

Australian Dollar Outlook: 3 Reasons to be BearishInternational Business TimesThe outlook for the Australian dollar is dim, according to research from Westpac Institutional Bank, a major Australian bank. In the past few weeks, the Australia dollar has ...

Australian Dollar Outlook: 3 Reasons to be Bearish � International Business Times

http://twlv.net/pq0gst

Bank of America nixes $5 debit card fee - AP - msnbc.com

Bank of America Corp. is scrapping its plan to charge a $5 monthly debit card fee. The bank's decision to drop the fee came after a roar of customer outrage in recent weeks over the fee. Other major banks, including JPMorgan Chase & Co. and Wells Fargo ... http://tinyurl.com/6ckakwr

2 Banks Win Ruling in Madoff Case � New York Times

KLEW2 Banks Win Ruling in Madoff CaseNew York Times... Jed Rakoff, in a case against HSBC Holdings, in concluding that Mr. Picard exceeded his power. A spokeswoman for Mr. Picard did not immediately respond to a request for comment. JPMorgan said in a ...

2 Banks Win Ruling in Madoff Case � New York Times

http://twlv.net/nfnBNS

Greek government in chaos with debt deal in doubt (AP)

AP - The Greek government teetered and stock markets around the world plummeted Tuesday after a hard-won European plan to save the Greek economy was suddenly thrown into doubt by the prospect of a public vote.

Greek government in chaos with debt deal in doubt
(AP)

http://twlv.net/cXMD2u

Bank of America backs down on $5 debit card fee - Yahoo Finance

NEW YORK (AP) -- Bank of America Corp. is scrapping its plan to charge a $5 monthly fee for debit card purchases after outraged customers threatened an exodus. The about-face comes as customers across the country petitioned the bank and mobilized to close ... http://tinyurl.com/3jdroy8

No MP summoned over Swiss accounts: Govt � Business Standard

The HinduNo MP summoned over Swiss accounts: GovtBusiness StandardThe government on Tuesday denied reports that some members of Parliament have been summoned for "keeping secret accounts" in HSBC...



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



http://twlv.net/xCOfYw

Bank of Canada rejects jobless targets in mandate - Reuters

OTTAWA, Nov 1 (Reuters) - Bank of Canada Governor Mark Carney dismissed the idea on Tuesday of the central bank targeting employment as well as inflation in its mandate as the U.S. Federal Reserve does, saying that trying to do both can backfire ... http://tinyurl.com/64rjvbt

Japan Sails the Yen Against the Wind � Wall Street Journal

Japan Sails the Yen Against the WindWall Street JournalThe Bank of Japan stunned foreign-exchange markets this week with the biggest dollop of unilateral intervention ever in a single day, selling trillions of yen in an effort to weaken the yen against...

Japan Sails the Yen Against the Wind � Wall Street Journal

http://twlv.net/ZKo8pG

Deutsche Bank Sinks on Continued Greek Bailout Uncertainty � Schaeffers Research

Deutsche Bank Sinks on Continued Greek Bailout UncertaintySchaeffers ResearchDeutsche Bank AG (DB - 38.35) is suffering from a severe post-Halloween hangover today. Not only does the global investment bank find itself on the losing end of MF Global'...

Deutsche Bank Sinks on Continued Greek Bailout Uncertainty � Schaeffers Research

http://twlv.net/0HUfaF

Bank Of America Dropping Plan To Charge Monthly $5 Debit Card Fee - Huffingtonpost.com

WASHINGTON -- Bank of America has abandoned plans to begin charging debit card holders five dollars a month to use their cards, a proposal which drew intense consumer and political backlash since announced in late September. "We have listened to ... http://tinyurl.com/6znh8ad

* Gold eases as Greece, MF Global boost dollar � Reuters

Reuters Africa* Gold eases as Greece, MF Global boost dollarReutersLONDON, Nov 1 (Reuters) - Gold traded lower on Tuesday, under pressure from a stronger dollar, but a surprisingly weak read of US factory activity enabled the euro to claw back some gai...

* Gold eases as Greece, MF Global boost dollar � Reuters

http://twlv.net/EfJSWA

Bank of America scraps $5 debit card fee - Omaha World-Herald

NEW YORK (AP) � Bank of America Corp. is dumping its plans to charge a $5 monthly debit card fee. The bank said Tuesday that the decision to scrap the plan came after listening to customer feedback in recent weeks. The news comes after other ... http://tinyurl.com/4yk3rrd

Indian Rupee Falls Against Dollar On Europe Fears; Govt Bonds Down � Wall Street Journal

The HinduIndian Rupee Falls Against Dollar On Europe Fears; Govt Bonds DownWall Street JournalMUMBAI (Dow Jones)--The Indian rupee snapped a four-session gaining streak against the US dollar Tuesday, tracking a fall in local shares and as fresh concern...

Indian Rupee Falls Against Dollar On Europe Fears; Govt Bonds Down � Wall Street Journal

http://twlv.net/y3Kg8K

KiddieAcademy Further Develops Relationship With TD Bank - msnbc.com

Kiddie Academy Domestic Franchising is pleased to announce its continued small business financing relationship with TD Bank, America's Most Convenient Bank®. Over the last ten years, KiddieAcademy has obtained $20 million in U.S. Small Business ... http://tinyurl.com/6gqaawr

Swiss Stocks Decline on Greek Referendum Call; Bank Shares Slide � BusinessWeek

BBC NewsSwiss Stocks Decline on Greek Referendum Call; Bank Shares SlideBusinessWeekCredit Suisse Group AG and UBS AG, the country's biggest banks, led declines, sliding at least 5.5 percent. Swatch Group AG, the world's largest watchmaker, fel...

Swiss Stocks Decline on Greek Referendum Call; Bank Shares Slide � BusinessWeek

http://twlv.net/uHlgDW

Bank of America stock isn't a bargain � it's a gamble - MSN Money

Bank of America (BAC) gave back about 7% Monday and is poised to crash and burn yet again this morning. However, the stock remains up over 30% from its 52-week low of around $5 a share. More impressively, that 52-week low for BofA stock was set intraday a ... http://tinyurl.com/64sgrwe

Credit Suisse cuts 1,500 jobs, shrinks investment bank - Reuters UK

ZURICH (Reuters) - Credit Suisse will cut another 1,500 jobs and scale back its capital-guzzling investment banking business as it seeks to meet tough new regulations ahead of other banks after the unit reported disappointing third-quarter ... http://tinyurl.com/3qbbezc

Abu Dhabi's UNB sets guidance for 5-yr bond � leads � Reuters

CPI FinancialAbu Dhabi's UNB sets guidance for 5-yr bond - leadsReutersThe dollar-denominated offering would price as early as today or tomorrow, the leads said. Citigroup , Deutsche Bank , HSBC...



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



http://twlv.net/M8At79

Strong Swiss Franc Hits Credit Suisse Earnings � Wall Street Journal

Moneycontrol.comStrong Swiss Franc Hits Credit Suisse EarningsWall Street JournalZURICH (Dow Jones)--The strong Swiss franc eroded Credit Suisse Group's (CS) third-quarter earnings, but the...



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



http://twlv.net/fhoM7P

Bank on this: It's a good day if customers win a round - HamptonRoads.com

Don't dig up your backyard yet. Keep the shovel handy, though - just in case you end up deciding your money is safer in the ground than in a bank vault. First things first: Several financial institutions are backing off some money-raising schemes to ... http://tinyurl.com/5vf9zb6

Australian Dollar Down Late As RBA Cuts Rates, Turns Dovish � Wall Street Journal

Gainpips.comAustralian Dollar Down Late As RBA Cuts Rates, Turns DovishWall Street JournalSYDNEY (Dow Jones)--The Australian dollar was sharply lower late Tuesday after the Reserve Bank of Australia...



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



http://twlv.net/PlVmgY

Matter of record (Nov. 1) � Times Record News

Matter of record (Nov. 1)Times Record NewsLisa Alvarez to Charles A. Brown, Trustee, JP Morgan Chase Bank, L23, B4 of the Northridge Addition, Section 2, aka 5303 Northview Dr., $98400, V3663 P699....



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



http://twlv.net/vhqRLb