Monday, November 28, 2011

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