Financial / Banking News

Last update: 9 days, 8 hours ago

Gujarat govt OTS Scheme for banks challenged 7 May 08, 23:50 ET One Time Settlement Scheme for the defaulters of closed cooperative banks of Gujarat has been challenged as violative of the guidelines of the Reserve Bank ... more Nikkei down 0.7 pc on banks after Wall St falls 7 May 08, 23:49 ET TOKYO: Japan's Nikkei stock average fell 0.7 per cent on Thursday, led lower by financial shares such as Mitsubishi UFJ Financial Group after US stocks ... more Banks see more growth in global operations 7 May 08, 23:49 ET Despite the uncertainty in the global financial markets, Indian banks had a good run in their international operations, in the last fiscal, thanks to the ... more Citibank UAE appoints Aqil Jaffer Ali Branch Banking Head 7 May 08, 23:47 ET Citibank, a member of Citi, announced the appointment of Aqil Jaffer Ali as Head for Branch Banking with responsibility for the entire Citibank UAE branch ... more Commonwealth Bank of Australia says no need to raise capital ... 7 May 08, 23:46 ET SYDNEY (Thomson Financial) - Commonwealth Bank of Australia Ltd. (CBA), the country's largest retail bank, said on Thursday that it does not have any plans ... more More Need at Local Food Banks; You Can Help from Your Home 7 May 08, 23:46 ET More people in our area are turning to food banks, not to give donations, but to get them. We spoke to one woman in Altoona who says her husband is retired ... more Banks, Nichols, Schmitt to share Schaus Award 7 May 08, 23:40 ET MORGANTOWN — Women’s soccer captain Ashley Banks, men’s basketball captain Darris Nichols and football captain Owen Schmitt will share the 2008 Fred Schaus ... more Red Bank moves into quarterfinals 7 May 08, 23:40 ET By Sherlon Christie • STAFF WRITER • May 7, 2008 LITTLE SILVER — With the offense having little trouble scoring goals, the Red Bank defense held Lacey to ... more Atlas America, Inc. Reports Record Financial Results for the First ... 7 May 08, 23:36 ET Atlas America, Inc. (NASDAQ:ATLS) ("Atlas America” or "the Company”) today reported record financial results for the first quarter 2008. ... more Orix Leads Japanese Financial Firms Lower on Credit Concerns 7 May 08, 23:23 ET May 8 (Bloomberg) -- Orix Corp. and Sumitomo Trust & Banking Co. led Japanese financial stocks lower on concern new disclosure requirements for U.S. investment banks will expose further credit- related losses. more Merchants Bank rejoins Wing Lung deal -report 7 May 08, 23:12 ET HONG KONG -- China Merchants Bank, the country's fifth-largest bank, has rejoined the bidding for Hong Kong lender Wing Lung , the South China Morning Post ... more Bank of Korea keeps key interest rate unchanged for ninth straight ... 7 May 08, 23:11 ET - SEOUL (Thomson Financial) - South Korea's central bank on Thursday kept its key interest rate unchanged at 5.0 percent for the ninth straight month as it ... more Taylorsville bank robbed 7 May 08, 23:11 ET By Jason Bergreen Posted: 9:03 PM- Taylorsville police are looking for an armed man who robbed a Chase Bank this morning. The man entered the bank at 5656 ... more UCO Bank to tread cautiously on derivatives 7 May 08, 23:11 ET -- With country's leading lender State Bank of India reporting losses on derivatives exposure, UCO Bank has decided to tread cautiously on this route. ... more Fulton Bank Applauded for Helping PFM Victims 7 May 08, 23:10 ET Federal lawmakers from our area are applauding a mortgage company's willingness to work with victims of the defunct Personal Financial Management. ... more Malaysia's RHB can double profits - Abu Dhabi bank 7 May 08, 23:09 ET PUTRAJAYA, Malaysia, May 8 (Reuters) - Malaysia's fourth-largest lender, RHB Capital Bhd (RHBC.KL: Quote, Profile, Research), can double profits within ... more Industrial Development Bank of India is now 'IDBI Bank' 7 May 08, 23:07 ET -- Industrial Development Bank of India today said it has changed its name to IDBI Bank with effect from today. In this regard, the bank has received the ... more Abu Dhabi bank buys RHB stake for 7.20 rgt p/shr 7 May 08, 23:05 ET PUTRAJAYA, Malaysia, May 8 (Reuters) - Abu Dhabi Commercial Bank ADCB.AD has agreed to buy 25 percent of Malaysia's fourth-largest lender, RHB Capital Bhd ... more Belize Bank Faces 79 Charges 7 May 08, 23:05 ET 79 charges for banking transactions amounting to over US$2.5 million - that’s what the Belize Bank and its President Phil Johnson face. ... more Tyler Technologies Signs Two Contracts for Financial Management ... 7 May 08, 22:38 ET DALLAS--(BUSINESS WIRE)--Tyler Technologies, Inc. (NYSE: TYL - News) announced today that it has signed contracts with two California municipalities—the ... more S. Korean central bank freezes key rate for May 7 May 08, 22:37 ET By Kim Soo-yeon SEOUL, May 8 (Yonhap) -- South Korea's central bank on Thursday left its key interest rate unchanged for May for the ninth straight month in ... more Banks turn market around 7 May 08, 22:36 ET The Australian stock market has staged an impressive recovery as strength in banking stocks offset a poor lead from Wall Street. ... more Private donations skew financial burden on Portsmouth schools 7 May 08, 22:33 ET PORTSMOUTH — When her children were small, Deidra Ricci wanted them to have the kinds of educational experiences that make some school days stand out from ... more Commerce Bank Triple Crown names teams 7 May 08, 22:33 ET Organizers of the Commerce Bank Triple Crown of Cycling have announced the 25 professional men’s teams that will compete in the Pennsylvania races early ... more Noble International Announces First Quarter Financial Results 7 May 08, 22:32 ET By Noble International, Ltd. Noble International, Ltd. (Nasdaq: NOBL) ("Noble" or the "Company") reported financial results for the first quarter ended ... more Bank Robber Caught 7 May 08, 22:31 ET By KATE McCARDELL & DAVID PALMER Marianna, FL -- A Grand Ridge man, who was under federal probation supervision, has been charged with robbery in connection ... more Hangzhou City Commercial Bank 07 NPL ratio sharply drops 7 May 08, 22:30 ET May. 7, 2008 (China Knowledge) - Hangzhou City Commercial Bank announced today that its non-performing loans (NPL) ratio was 0.82% by the end of 2007, ... more Banks lead Australian share market higher 7 May 08, 22:28 ET THE share market had staged an impressive recovery at noon to be 0.3 per cent higher as strength in banking stocks offset a poor lead from Wall St. At ... more PRESS DIGEST - Financial Times - May 8 7 May 08, 22:07 ET Senior eurozone officials believe the dollar-euro rate has reached levels unhelpful in both the United States and Europe and have told the Financial Times ... more MANILA (Thomson Financial) - Philippine shares were lower in ... 7 May 08, 22:07 ET The Philippines nearly imports all of its oil requirements. The relentless rise in oil prices has triggered calls for increases in transport fares and wages ... more SKorean shares lower in early trade after central bank keeps rates ... 7 May 08, 22:07 ET SEOUL (Thomson Financial) - South Korean shares were lower in early trade on Thursday as investors were disappointed by the Bank of Korea's unexpected ... more GCI Reports First Quarter 2008 Financial Results 7 May 08, 22:05 ET ANCHORAGE, Alaska, May 7 /PRNewswire/ -- GCI (Nasdaq: GNCMA) today reported first quarter 2008 revenues of $134.7 million, an increase of 7.7 percent over ... more Bank of Korea leaves key interest rate steady at 5 percent 7 May 08, 22:05 ET (Associated Press WorldStream Via Acquire Media NewsEdge) SEOUL, South Korea_The Bank of Korea left its key interest rate unchanged Thursday for a ninth ... more US stocks decline on new proposal to regulate banks 7 May 08, 22:05 ET Major US stock indices dropped more than 1.5 percent Wednesday after a government regulator said it was considering new disclosure requirements for ... more Demo held against Sehwan Sharif banks 7 May 08, 22:04 ET SEHWAN SHARIF, May 07, 2008 (Asia Pulse Data Source via COMTEX) -- -- Thirty two chairmen of Taluka Zakat Committee staged a protest demonstration here on ... more Document reveals scandal funds still in bank as of July '07 7 May 08, 22:04 ET SINGAPORE -- The US$29.8 billion in funds remitted by Taiwan in a dollar-diplomacy scandal that have gone missing were still in a Singaporean bank account ... more PRESS DIGEST-Financial Times, Wall St Journal Asia editions 7 May 08, 22:01 ET SINGAPORE, May 8 (Reuters) - The Financial Times and the Wall Street Journal carried the following stories in their Asia print and/or Web site editions on ... more South Korea c.bank holds rates steady for 9th mth 7 May 08, 21:31 ET SEOUL, May 8 (Reuters) - The Bank of Korea left its main interest rate steady on Thursday, confronted both with quickening inflation and mounting signs that ... more Goodrich Petroleum Announces First Quarter Financial Results and ... 7 May 08, 21:26 ET HOUSTON, May 7 /PRNewswire-FirstCall/ -- Goodrich Petroleum Corporation today announced financial and operating results for the quarter ended March 31, ... more AirMedia Reports Unaudited First Quarter 2008 Financial Results 7 May 08, 21:23 ET BEIJING, May 7 /Xinhua-PRNewswire-FirstCall/ -- AirMedia Group Inc. , the operator of the largest digital media network in China dedicated to air travel ... more Maybank ratings affirmed on acquisition of Pakistan’s MCB Bank 7 May 08, 21:22 ET Standard & Poor's Ratings Services said it affirmed its 'A-' long-term and 'A-2' short-term counterparty credit ratings on Malaysia's Malayan Banking Bhd. ... more Food Banks See Uptick In Clients 7 May 08, 21:22 ET By Lori Van Ingen With the rising costs of food and energy, area food banks are seeing more people come through their doors than ever before. ... more Duluth bank robbed 7 May 08, 21:20 ET AP DULUTH, Minn.—Police are searching for a man who robbed a bank in downtown Duluth. The robber struck the US Bank on West Superior Street at about noon ... more Beware unreliable forex dealers - bank chief 7 May 08, 21:19 ET THE Reserve Bank of Zimbabwe , RBZ, says the public should exercise caution when undertaking unofficial foreign currency dealings. ... more NM transportation officials outline financial problems 7 May 08, 21:19 ET SANTA FE (AP) - New Mexico lawmakers are being warned that rising gas prices could aggravate financial problems confronting the state Department of ... more Nikkei slips 0.9 pct as banks fall, Inpex gains 7 May 08, 21:18 ET TOKYO, May 8 (Reuters) - Japan's Nikkei average slipped 0.9 percent on Thursday, dragged down by financial shares such as Mitsubishi (other-otc: MSBHY. ... more Centro secures debt deal with banks 7 May 08, 21:17 ET CENTRO Properties Group has won support from its banks for a seven-month extension on its debt maturities. The decision came after some last minute ... more E- Banking Simplified With a Glimpse of If- 00. 7 May 08, 20:50 ET By Jerry Cedicci, Robin Trehan When it comes to the future of banking, there is an assortment of predictions - the majority of individuals envision ... more Global Crossing Announces First Quarter 2008 Financial Results 7 May 08, 20:43 ET - "Invest and grow" revenue increased 36 percent year over year to $517 million. - Consolidated revenue grew for the eighth consecutive quarter to $630 ... more Red Bank centennial will reflect on the past, present and future 7 May 08, 20:43 ET This year commemorates the centennial of our designation as a borough and the establishment of our municipal identity. Events have been planned for 2008 and ... more 'Green' campaign moves forward in Red Bank 7 May 08, 20:41 ET BY MELISSA KARSH Staff Writer Councilwoman Kathy Horgan unveiled the winning slogan and graphic at the April 28 Red Bank council meeting. ... more SINA to report Q1 2008 financial results on May 14 7 May 08, 20:39 ET May. 8, 2008 (China Knowledge) - SINA Corporation, China's leading online media company and information service provider, will announce its unaudited ... more CorVel Announces Appearance at Bank of America Health Care Conference 7 May 08, 20:33 ET IRVINE, Calif., May 7 /PRNewswire-FirstCall/ -- CorVel Corporation (Nasdaq: CRVL) announced today that Gordon Clemons, Chairman, and Daniel Starck, CEO, ... more New Zealand central bank acts to counter potential turmoil 7 May 08, 20:33 ET WELLINGTON (Thomson Financial) - New Zealand's central bank moved on Wednesday to increase liquidity in the financial system to counter any further turmoil ... more China Merchants Bank submits new bid for Wing Lung - report 7 May 08, 20:33 ET ng Lung Bank Ltd after earlier failing to make a first-round shortlist, the Wall Street Journal reported, citing sources. The new bid follows an extension ... more Teens to be offered financial know-how 7 May 08, 20:32 ET The Winston-Salem Urban League Young Professionals will host a National Day of Service event on Saturday, May 10 from 10 am – 3 pm at the Winston-Lake ... more Judge Banks-Payne to speak at church’s Mother’s Day Service 7 May 08, 20:31 ET The Honorable Camille Banks-Payne will speak on Sunday morning at the 11 am worship experience and annual Mother’s Day services at Ambassador Cathedral. ... more Swiss bank Pictet to raise $1b to invest in Gulf markets 7 May 08, 20:28 ET By Zainab Fattah DUBAI: Pictet & Cie., the largest privately held bank for the wealthy in Switzerland, will seek to raise $1 billion from European investors ... more Nikkei down 0.7 pct on banks after Wall St falls 7 May 08, 20:26 ET TOKYO, May 8 (Reuters) - Japan's Nikkei stock average fell 0.7 percent on Thursday, led lower by financial shares such as Mitsubishi (other-otc: MSBHY. ... more Aussie stocks fall over 1 pct, banks, miners drag 7 May 08, 20:26 ET SYDNEY, May 8 (Reuters) - Australian shares fell 1.3 percent on Thursday, led down by financial firms following a tumble on Wall Street, while Boral Ltd ... more Banks dial M-banking to reach out to hinterland 7 May 08, 20:25 ET India will see a massive surge in mobile banking activities this year, with all large banks, including SBI, getting ready to roll out M-banking services. Options for investors more SRI Surgical Reports First Quarter 2008 Financial Results 7 May 08, 20:04 ET EXPLANATORY NOTE: This press release amends SRI Surgical's press release originally issued on Monday, May 5, 2008, to correct a typographical error in the ... more SEC Could Require Greater Public Disclosure From US Banks 7 May 08, 19:58 ET WASHINGTON (dpa) -- A key US government regulator Wednesday said it was considering new public disclosure requirements for banks in the wake of a broad ... more Counting West Bank Checkpoints—Making Gulliver Look Lilliputian 7 May 08, 19:58 ET I have written before about the seemingly unstoppable proliferation of checkpoints and obstacles to movement in the West Bank. Trying to get some progress ... more ICO, Inc. Announces Financial Results for Second Quarter Ended ... 7 May 08, 19:58 ET HOUSTON, May 7 /PRNewswire-FirstCall/ -- ICO, Inc. ICOC, global producer of custom polymer powders and plastic film concentrates, today announced its ... more Bank of England May Keep Rate at 5% to Gauge Inflation Risks 7 May 08, 19:52 ET By Svenja O'Donnell May 8 (Bloomberg) -- The Bank of England will probably keep the benchmark interest rate unchanged, guarding against inflation after ... more Bank of England likely to sit tight on interest rates 7 May 08, 19:45 ET LONDON (AFP) — The Bank of England is expected to leave interest rates on hold at 5.00 percent on Thursday, ruling out a second successive cut amid ... more `Grand Theft Auto' breaks bank 7 May 08, 19:43 ET By Alex Pham The mob-themed video game "Grand Theft Auto IV" raced into stores in high gear in April, smashing previous game records with $500 million in ... more Clydesdale Bank Premier League 7 May 08, 19:42 ET Irn-Bru Scottish League: Play-offs finals, first leg: First division: Airdrie United 0 Clyde 1. Second division: Arbroath 2 Stranraer 0. ... more Reserve Bank action to avoid sharp economic downturn 7 May 08, 19:40 ET The Reserve Bank is taking extra steps to make sure banks continue lending, should the global credit crunch get worse. The central bank says the financial ... more Numis Securities to exploit financial services downturn 7 May 08, 19:37 ET By Peter Taylor City stockbroker Numis Securities is vowing to augment its workforce despite a steep decline in operating profit as it moves to cash in on ... more Investment losses pummel Nationwide Financial's 1Q profit 7 May 08, 19:34 ET Nearly $90 million in investment losses helped drive Nationwide Financial Services Inc.'s profit down 79 percent in the first quarter, the company told ... more Nationwide Bank wins $5M in monthly state deposit auction 7 May 08, 19:33 ET The state is depositing $5 million at Nationwide Bank this month through a monthly auction aimed at maximizing returns on unused funds. ... more Atlantis reports fiscal 2007 financial results 7 May 08, 19:33 ET This news release may contain forward-looking statements. Reference should be made to "Forward-looking Statements" at the end of this news release. ... more Heads of 8 State-run Financial Firms Reshuffled 7 May 08, 19:32 ET The Financial Supervisory Commission yesterday released the results of a study to determine whether to reappoint the presidents of the 12 companies. ... more Kohlberg Capital Corporation Reports First Quarter 2008 Financial ... 7 May 08, 19:32 ET NEW YORK, May 7, 2008 (PRIME NEWSWIRE) -- Kohlberg Capital Corporation (Nasdaq:KCAP) ("Kohlberg Capital") today announced its financial results for the ... more Grand Theft Auto Breaks The Bank 7 May 08, 19:32 ET Strauss Zelnick is no doubt gloating in his Manhattan tower over the record-breaking sales of "Grand Theft Auto IV." Some 6 million copies, or $500 million, ... more Nara Bancorp Announces Revision to First Quarter 2008 Financial ... 7 May 08, 19:32 ET Nara Bancorp, Inc. (the "Company") (NASDAQ: NARA) today announced that it has revised its financial results for the first quarter of 2008, ... more UPDATE 1-Colombia to start debt conversion with World Bank 7 May 08, 19:07 ET BOGOTA, May 7 (Reuters) - Colombian operations to convert foreign currency debt into pesos will start with up to $2 billion in World Bank obligations, ... more Fed set to pay interest on banks' deposits 7 May 08, 19:04 ET By Stephen Foley in New York The Federal Reserve is adding another weapon to its armoury for dealing with the credit crisis, with plans that would allow it ... more The Daily Interview: Fidelity's Shah calls bottom for banking sector 7 May 08, 19:03 ET By David Campbell | 00:01:00 | 08 May 2008 UK banks have largely touched bottom and are trading with more than the potential downside priced in, ... more ACL: Kashima Bank Eight Goal Thrashing 7 May 08, 19:00 ET Kashima Antlers put themselves in a good position to qualify from Group F after an 8-1 drubbing of Krung Thai Bank in the AFC Champions League on Wednesday. ... more Man robs Graham bank; deputies investigating 7 May 08, 19:00 ET Pierce County sheriff’s deputies are searching for a man suspected of robbing a Graham-area bank this morning. The man walked into KeyBank, 22115 Meridian ... more Pollard Banknote announces 1st quarter financial results 7 May 08, 18:59 ET WINNIPEG, May 7 /CNW/ - Pollard Banknote Income Fund (TSX Symbol PBL.UN) (the "Fund") today released the financial results of the Fund and Pollard Holdings ... more Nationwide Financial Q1 profit plunges – update 7 May 08, 18:58 ET (RTTNews) - Nationwide Financial Services Inc. (NFS: News, Chart, Quote ) on Wednesday said its first quarter profit declined from last year, ... more Banks to blame for debt crisis: survey 7 May 08, 18:57 ET Three-quarters of Australians believe financial institutions are to blame for the current debt crisis, research shows. Seventy-four per cent of participants ... more XM Satellite Radio Schedules First Quarter 2008 Financial Results ... 7 May 08, 18:43 ET WASHINGTON, May 7 /PRNewswire-FirstCall/ -- XM Satellite Radio (Nasdaq: XMSR) has scheduled a conference call for Monday, May 12, 2008, at 10:00 am ET to ... more Law Firm Files Finra Claim Vs Bank Of America Over ARS 7 May 08, 18:43 ET Law firm Klayman & Toskes PA said it filed an arbitration claim against Bank of America Corp.'s (BAC) Banc of America Investment Services Inc. unit in the ... more UPDATE 1-Nationwide Financial posts lower Q1 profit 7 May 08, 18:42 ET (Recasts, adds details) May 7 (Reuters) - Nationwide Financial Services Inc (NFS.N: Quote, Profile, Research) reported a slump in first-quarter profit that ... more SMEs to get financial support to stimulate exports 7 May 08, 18:39 ET State Secretary of the Serbian Ministry of Economy and Regional Development Jasna Matic announced that on Friday, May 9 the first instalment of one-off ... more Great Plains Energy Announces First Quarter Financial Results 7 May 08, 18:37 ET Great Plains Energy Incorporated (NYSE: GXP) today announced first quarter 2008 reported earnings of $47.1 million or $0.55 per share, compared to first ... more Stocks decline on new proposal to regulate banks 7 May 08, 18:35 ET New York - Major US stock indices dropped more than 1.5 per cent on Wednesday after a government regulator said it was considering new disclosure ... more UPDATE 2-Kingsway Financial results hit again by Lincoln 7 May 08, 18:13 ET TORONTO, May 7 (Reuters) - Specialty insurer Kingsway Financial Services (KFS.TO: Quote, Profile, Research) swung to a loss in the first quarter as it ... more Nationwide Financial Services 1Q profit, revenue fall 7 May 08, 18:12 ET SAN FRANCISCO (Thomson Financial) - Nationwide Financial Services Inc. late Wednesday reported first quarter net income of $44.5 million, ... more Jefferies Appoints New Head of Aerospace & Defense Investment ... 7 May 08, 18:12 ET The Jefferies investment bank today announced the appointment of David P. Baxt as head of the Firm's leading aerospace and defense investment banking effort ... more SEC's Cox calls for better oversight of Wall Street banks 7 May 08, 18:11 ET NEW YORK (Associated Press) - The Securities and Exchange Commission or some other financial regulator should be given clear authority to oversee all ... more National Financial Partners to Present at the UBS 2008 Global ... 7 May 08, 18:09 ET By National Financial Partners Corp. National Financial Partners Corp. (NYSE: NFP) announced today that Jessica Bibliowicz, President and CEO, will present ... more Alitalia: Banking Foundations give the go-ahead to the financial 7 May 08, 18:07 ET "Italy's Banking Foundations could consider investing in Alitalia SpA if there is a viable industrial plan, the chairman of the Italian association of ... more Nationwide Financial 1Q profit drops 79% on investment loss 7 May 08, 18:06 ET © 2008 AP COLUMBUS, Ohio — Nationwide Financial Services Inc.'s first-quarter earnings plunged 79 percent on an investment loss, the investment manager said ... more Webcast Alert: Isis Pharmaceuticals Announces First Quarter 2008 ... 7 May 08, 17:40 ET If you are unable to participate during the live event, a replay of the webcast will be available for a limited time at www.isispharm.com. ... more Prospect Medical Issues Update on Status of Financial Filings ... 7 May 08, 17:38 ET (RTTNews) - Prospect Medical Holdings Inc. (PZZ: News, Chart, Quote ) announced that it has completed the work necessary to file its Form 10-K for the ... more Bandit robs four grocery store banks 7 May 08, 17:38 ET The FBI and local law enforcement are searching for a bank robber who has been hitting a string of in-store bank branches in the Sacramento area. ... more Harrison exhibit at Old Bank Gallery 7 May 08, 17:38 ET The Old Bank Gallery is honored to present a return exhibit of the works of Hanna Harrison, entitled “Reigning Cats and Dogs (and other animals)”. ... more RAM Energy Resources Announces Conference Call to Review First ... 7 May 08, 17:35 ET www.ramenergy.com - RAM Energy Resources, Inc. (Nasdaq: RAME) announced today that the Company plans to hold a teleconference call to review first quarter ... more Puff the dog -- an update from Sandy Banks 7 May 08, 17:35 ET When Sandy Banks wrote about her dog, Puff, she got mail. Lots and lots of mail. And she got inquiries about his health. So many, in fact, it was clearly ... more Hub International Limited Announces First Quarter 2008 Financial ... 7 May 08, 17:34 ET Hub International Limited announced today that it will hold a conference on Thursday, May 22, 2008 at 4:00 pm ET (3:00 pm CT) to discuss financial and ... more Nationwide Financial Reports First Quarter Results 7 May 08, 17:34 ET Nationwide Financial Services, Inc. (NYSE: NFS), a leading provider of long-term savings and retirement products, today reported first quarter 2008 net ... more Banking & Finance 7 May 08, 17:15 ET Send in you