Financial / Banking News

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China A-shares end morning lower ahead of CPI data; banks hit 8 May 08, 23:59 ET BEIJING, May 09, 2008 (XFN-ASIA via COMTEX) -- -- China A-shares finished the morning session lower in cautious trade ahead of the release of the April ... more Expansion has worked for some banks, not others 8 May 08, 23:58 ET BoI's new openings this year will bring its network to 280 branches, though well off its peak of 323 a decade-and-a-half ago. It has a further 45 branches ... more Security Bank goes into condos 8 May 08, 23:57 ET It plans to build two residential towers and an office building at the corner of Ayala Avenue and Rufino (the former Herrera) and Valero streets in Salcedo ... more TBA affirms strength of Thai financial institutions 8 May 08, 23:57 ET BANGKOK, May 9 (TNA) – The Thai Bankers Association (TBA) on Thursday affirmed that Thailand's financial institutions are in a position to deal with ... more Food Bank hopes for generous donations during Stamp Out Hunger ... 8 May 08, 23:57 ET Chris Hargiss, left, an Auburn University junior from Tampa, Earl Mitchell, warehouse manager at the East Alabama Food Bank and Chris Wilson, ... more Loan Against Property: Your Perfect Financial Partner 8 May 08, 23:53 ET Summary: The loan on property is a type of secured loan, under which the property holders get an opportunity to release a number of benefits against the ... more JAKARTA (Thomson Financial) - Indonesian shares were little ... 8 May 08, 23:51 ET caps and secondliners while others continued to chase energy-related stocks after crude oil topped $124 a barrel. At 10:05 am (03.05 GMT), the composite ... more Asian Central Banks concerned of inflation: Subodh Kumar 8 May 08, 23:48 ET Q: How Asia this morning is really on a trajectory of its own not really following the overnight Wall Street cues? A: I think that when it comes to Asia it ... more Australian Central Bank Raises Inflation Forecast (Update2) 8 May 08, 23:37 ET By Jacob Greber May 9 (Bloomberg) -- Australia's central bank raised its inflation forecast and said economic growth will slow as consumers reduce spending ... more Official: Shanghai will be global financial center 8 May 08, 23:36 ET By Wang Yanlin 2008-5-9 SHANGHAI has unique advantages that will help it grow into an international financial center, senior officials said during the first ... more World Bank urges US to pass Colombia trade deal 8 May 08, 23:33 ET BOGOTA (Reuters) - The US Congress should pass the Colombian free trade agreement to help the Andean country reform and strengthen its economy and improve ... more Shanghai Pudong Development Bank:Hope To Sell New Shares In '08 8 May 08, 23:32 ET SHANGHAI -(Dow Jones)- Shanghai Pudong Development Bank Co. (600000.SH) hopes to complete its proposed additional A-share sale this year, the mid-sized ... more Australia's central bank raises 2008 inflation forecasts - UPDATE 8 May 08, 23:31 ET SYDNEY (Thomson Financial) - The Reserve Bank of Australia on Friday forecast persistently high inflation over 2008 but said a significant slowing in ... more Intra-Day: Sell ICICI Bank, Infosys at... 8 May 08, 23:28 ET In line with our expectation, the stock declined during the previous trading session. We retain our sell recommendation. We maintain our sell recommendation ... more BLOG BITS: Financial irresponsibility; Exodus story 8 May 08, 23:23 ET To top it off, Congress, which got upset in the 1990s when lenders wouldn’t loan enough to people with less-than-ideal credit ratings, now jumps all over ... more National Australia Bank CEO: Wants To Expand Wealth Business 8 May 08, 23:23 ET SYDNEY -(Dow Jones)- National Australia Bank Ltd. (NAB) is eying the expansion of its Australian wealth management business, and will look at acquisition ... more World Bank urges U.S. to pass Colombia trade deal 8 May 08, 23:18 ET Reuters - The U.S. Congress should pass the Colombian free trade agreement to help the Andean country reform and strengthen its economy and improve its democratic institutions, the World Bank said on Thursday. more Australia's central bank raises 2008 inf 8 May 08, 23:02 ET SYDNEY (Thomson Financial) - The Reserve Bank of Australia on Friday forecast persistently high inflation over 2008 but said a significant slowing in ... more 'Hard-Hatted Handyman' Hits Houston Bank 8 May 08, 23:01 ET HOUSTON -- The Federal Bureau of Investigations Bank Robbery Task Force is seeking the public’s assistance in identifying a man who robbed the Wells Fargo ... more Victim robbed outside Guilderland bank 8 May 08, 23:00 ET By BRIAN NEARING GUILDERLAND - A masked gunman remained at large late Thursday after a robbery outside the Bank of America on Western Avenue, according to ... more The financial crises of capitalism 8 May 08, 22:57 ET Transocean Securities, the investment bank of newly appointed Orient Resources chairman Ramesh Kana, is to receive a $725000 “introductory fee” for its role ... more San Mateo Police Searching For Bank Robber 8 May 08, 22:53 ET San Mateo police are searching for a man who robbed a Citibank location in the middle of the day Thursday by acting as a customer before notifying an open ... more Man guilty of illegal bank deposits 8 May 08, 22:53 ET By BRETT HAMBRIGHT, Staff A Lancaster County jury Thursday convicted Levi Stoltzfoos of 58 felony charges of trying to circumvent bank recording ... more Suffolk bucks financial trend, secures bond ratings boost 8 May 08, 22:53 ET HAUPPAUGE - Suffolk pro-active approach in addressing a potential 2009 budget shortfall, along with the county’s continued conservative fiscal management ... more AUSTRALIA'S CENTRAL BANK LIFTS SHORT-TERM INFLATION FORECASTS 8 May 08, 22:50 ET SYDNEY, May 09, 2008 (AsiaPulse via COMTEX) -- -- The Reserve Bank of Australia (RBA) has raised its forecasts for inflation for this year but believes ... more Australia's central bank raises 2008 inflation forecasts 8 May 08, 22:50 ET - SYDNEY (Thomson Financial) - The Reserve Bank of Australia on Friday forecast persistently high inflation over 2008 but said a significant slowing in ... more Gunman escapes after robbing bank 8 May 08, 22:35 ET Taylorsville police are looking for an armed man who robbed a Chase Bank on Wednesday morning. The man entered the bank at 5656 S. Redwood Road about 11:05 ... more Online security growing concern for Indian banks 8 May 08, 22:32 ET By Swati Prasad, ZDNet Asia, Thursday, May 08, 2008 04:40 PM Conducted by Singapore-headquartered software product company ReadiMinds, the online survey ... more Bank of Sacramento Ramps Up with AdmitOne Security 8 May 08, 22:28 ET ulent use of digital identities, announced that Bank of Sacramento is authenticating employees with its product suite. Leveraging AdmitOne's software that ... more Food bank runs out of infant formula 8 May 08, 22:25 ET By SAM MILLER and THERESA WALKER The Orange County Food Bank has run out of infant formula for about 500 poor babies, and is no longer receiving shipments ... more Court chases US$375 million from Liberian Taylor's banks 8 May 08, 22:23 ET By Katrina Manson, Reuters FREETOWN -- Prosecutors for Sierra Leone's war crimes court are trying to track down US$375 million they say vanished from two US ... more Niue Bank struggling to clear credit card transactions 8 May 08, 22:22 ET After several days of having to turn down credit card transactions, Niue’s only bank, the Bank of South Pacific, is now accepting VISA and hopes to get ... more Australian banks cash in on global credit crunch: PwC 8 May 08, 22:21 ET New analysis confirms the credit market shake-out is benefiting Australia's major banks by delivering increased market share. ... more Roanoke City Police arrest BB&T bank robbery suspect 8 May 08, 22:19 ET Investigators tell us Bobby Wayne Widener went to Carilion Roanoke Memorial Hospital early Thursday evening, and was identified by Carilion Police officers. ... more MBK Partners, two others bid for Sunny Bank, source says 8 May 08, 22:18 ET TAIPEI, Taiwan -- MBK Partners and two other private equity funds have submitted proposals to buy Taiwan's Sunny Bank, a source close to the situation said ... more Angiotech to Participate in Bank of America Health Care Conference 8 May 08, 21:46 ET VANCOUVER, May 8 /PRNewswire-FirstCall/ -- Angiotech Pharmaceuticals, Inc. , a global specialty pharmaceutical and medical device company, is scheduled to ... more Home > News > World Bank President Robert B. Zoellick ... 8 May 08, 21:44 ET Bogota , May 8, 2008 — World Bank Group President Robert B. Zoellick highlighted the significant progress made by Colombia in addressing economic, ... more Update: Enliven Marketing Technologies to Announce First Quarter ... 8 May 08, 21:42 ET NEW YORK , May 8 /PRNewswire-FirstCall/ -- Enliven Marketing Technologies Corporation (Nasdaq: ENLV), a leading internet marketing technology company, ... more Fla. Tops List For Most Bank Robberies 8 May 08, 21:36 ET Detectives from all over Central Florida are looking for a serial bank robber tied to at least seven robberies in the past month. ... more Banks and preventing foreclosures 8 May 08, 21:33 ET More than ever, banks and lenders are looking to assist those at risk of foreclosure. Banks and mortgage companies don’t want to be in the business of ... more The future of financial regulation 8 May 08, 21:33 ET Financial regulation could look considerably different if a Bush Administration plan is approved by Congress. The proposal would also eliminate some ... more The Stakeholders Bank 8 May 08, 21:33 ET The US has about 8000 banks; each year, almost 200 start-ups open for business. In the past decade, one to four new banks have been launched each year in ... more Bank blarney 8 May 08, 21:30 ET For all the apparent disclosure that banks provide in the six monthly ritual of reporting their earnings to the market, there’s something disconcerting ... more Greenfield Online Reports First Quarter 2008 Financial ... 8 May 08, 21:04 ET Greenfield Online, Inc. (Nasdaq: SRVY), today reported financial results for the first quarter ended March 31, 2008. Al Angrisani, President and Chief ... more Bank of New Zealand reports strong half year profit result 8 May 08, 21:03 ET Bank of New Zealand has announced a strong underlying half year result for the six months ending March 2008 with a 14.9 per cent increase in cash earnings ... more Bank buys $1.23bn stake in RHB Capital 8 May 08, 21:03 ET PUTRAJAYA, Malaysia: Abu Dhabi Commercial Bank bought a $1.23 billion stake in Malaysia's fourth largest lender, RHB Capital, yesterday in a bid to exploit ... more Financial markets 8 May 08, 21:02 ET Aust Foundation up 6c to $6.70, Contact Energy up 4c to $9.07, Fisher and Paykel Healthcare up 2c to $2.62, Guinness Peat Group up 3c to $1.76, ... more Luna Innovations Incorporated today announced its financial ... 8 May 08, 21:01 ET As compared to the same quarter last year, revenues grew by 26%, from $7.1 million to $8.9 million, gross profit increased from $2.4 million to $3.4 million ... more Occam Networks Announces New Chief Financial Officer 8 May 08, 20:59 ET By BusinessWire SANTA BARBARA, Calif., BUSINESS WIRE -- Occam Networks(R) Inc. (NASDAQ:OCNW), a leading broadband access network supplier, today announced ... more YM BIOSCIENCES REPORTS FISCAL THIRD QUARTER 2008 OPERATIONAL AND ... 8 May 08, 20:59 ET MISSISSAUGA, ON, May 8 /CNW/ - YM BioSciences Inc. (AMEX: YMI, TSX: YM, AIM: YMBA), an oncology company that identifies, develops and commercializes ... more Go easy on biofuels until more clarity: World Bank 8 May 08, 20:45 ET By Lesley Wroughton WASHINGTON (Reuters) - A senior World Bank official said on Thursday that countries should not greatly increase biofuels production ... more (AFX UK Focus) 2008-05-09 00:51 Australian shares outlook - Higher led by banks after NAB's H1 result 8 May 08, 20:25 ET SYDNEY (Thomson Financial) - Australian shares are expected to open slightly higher on Friday led by the banking sector following National Australia Bank reporting a first-half A$2.2 billion cash net profit in line with market expectations. more 12 winners in Ahli Bank’s weekly draw 8 May 08, 20:13 ET doha • Ahli Bank QSC announced the results of the weekly draw of the MyHassad savings scheme yesterday. Twelve lucky winners were selected at the draw. ... more Good response to Qatar Financial Centre brochure 8 May 08, 20:13 ET doha • The Qatar Financial Centre Regulatory Authority (QFCRA)'s first ever customer rights brochure has attracted interest within Qatar and from as far ... more Two Men, Woman Rob Evanston Bank 8 May 08, 20:08 ET Police and the FBI said they are looking for three suspects, two men and a woman, who robbed a north suburban bank on Thursday afternoon. ... more New Report Provides Independent Forecasts and Competitive ... 8 May 08, 20:08 ET In March 2008, we updated all data for the 59 countries surveyed with official figures, sourced from central banks and regulators. ... more Community Blood Bank kicks off a new computer system! 8 May 08, 20:08 ET After months of hard work, Community Blood Bank has begun using a new computer system specifically designed for blood banks. This Blood Bank Computer System ... more Paramount Energy Trust Releases First Quarter 2008 Financial and ... 8 May 08, 20:07 ET CALGARY, ALBERTA -- (MARKET WIRE) -- 05/08/08 -- Paramount Energy Trust ("PET" or the "Trust") (TSX: PMT.UN) is pleased to release its financial and ... more Outlook: With the rates dilemma never more acute, the Bank doesn't ... 8 May 08, 19:46 ET By Jeremy Warner You don't need to wait until next week's publication of the quarterly Inflation Report to know why the Bank of England yesterday left ... more Banks Peninsula farmers triumphant 8 May 08, 19:45 ET The Environment Court battle was over significant land areas and what actions could and could not be carried out on them. In particular, the regional ... more Alfa Finance Holding eyes European partner for bank launch 8 May 08, 19:44 ET Sofia. The Bulgarian Alfa Finance Holding, active in financial services, real estate management, mining and logistics, has taken steps to bring in a partner ... more National Australia Bank reports 25.8% rise in 1st half net profit 8 May 08, 19:39 ET AP SYDNEY, Australia: National Australia Bank Ltd. said Friday its first half net profit rose 25.8 percent over the same period last year. ... more Judge Orders Vick to Pay Canadian Bank $2.4 Million 8 May 08, 19:38 ET RICHMOND, Va. (AP) -- A federal judge in Virginia has ordered imprisoned quarterback Michael Vick to repay more than $2.4 million to a Canadian bank for ... more Credit crisis brings best chance to make banks rethink pay 8 May 08, 19:34 ET 'Employees producing mediocre returns for their owners should expect their pay to reflect this shortfall. In the past, this has neither been the expectation ... more Bank keeps interest rates on hold as fears grow of rising inflation 8 May 08, 19:32 ET By Sean O'Grady, Economics Editor Fears of accelerating inflation as the price of commodities and foodstuffs continues to soar led the Bank of England to ... more Officials say Mark Newby likely killed wife for financial gain 8 May 08, 19:31 ET By KBCI staff MERIDIAN - Police say the 53-year-old woman who died after falling off her horse last month was likely murdered by her husband. ... more Mortgage costs are still rising despite the Bank's big freeze of ... 8 May 08, 19:30 ET Mortgage costs will continue to climb today even though the Bank of England held interest rates steady at 5 per cent yesterday. One of the biggest lenders ... more Banks raise account fees ahead of overdraft charge ruling 8 May 08, 19:28 ET By Harry Wallop, Consumer Affairs Correspondent Seven million bank customers will see their fees rise by up to 20 per cent this month as lenders seek to ... more Japanese bank has shot at buying stake in RHB Cap 8 May 08, 19:16 ET PUTRAJAYA: Japan's Sumitomo Mitsui Banking Corp, a unit of Sumitomo Mitsui Financial Group Inc, is still in the running for a 5% stake in RHB Capital Bhd, the listed entity that owns RHB Bank Bhd. more Russell Banks: Class warrior in a club tie 8 May 08, 19:07 ET Banks hitched to Florida, hoping to join Castro in the Sierra Maestra, and got "as far as Miami. By then Castro didn?t need me, this skinny kid who didn?t ... more Business flak for Bank of England as interest rates kept on hold 8 May 08, 19:06 ET By SHÂN ROSS THE Bank of England came under fire last night for not reducing interest rates at a time when homeowners and consumers are suffering the ... more Banks retreat but miners help FTSE hold its ground 8 May 08, 19:06 ET By Scott Reid LONDON shares ended slightly higher yesterday as takeover talk boosted miners, while financials eased as the Bank of England left interest ... more Central banks: What is the point? 8 May 08, 19:06 ET Central banks have an ambiguous role to fulfil. Are they independent or are they instruments of government policy? What central objectives do they have in ... more Skills lacking in financial services, says CII 8 May 08, 19:05 ET By Michelle McGagh | 00:01:00 | 09 May 2008 The skills shortage in financial services has worsened, according to the Chartered Insurance Institute's (CII) ... more Financial fears for retirement 8 May 08, 19:05 ET Two-thirds of people approaching retirement are worried about being able to make ends meet, with many fearing rising living costs will push them over the ... more Luna Innovations Reports First Quarter 2008 Financial Results 8 May 08, 19:04 ET ROANOKE, Va. --(Business Wire)-- Luna Innovations Incorporated (NASDAQ:LUNA) today announced its financial results for its first quarter ended March 31, ... more Aware, Inc. Reports First Quarter 2008 Financial Results 8 May 08, 19:04 ET BEDFORD, Mass., May 8 /PRNewswire-FirstCall/ -- Aware, Inc. , a leading supplier of broadband technology and biometrics software, today reported financial ... more Local.com Reports First Quarter 2008 Financial Results 8 May 08, 19:04 ET IRVINE, Calif. --(Business Wire)-- Local.com Corporation (NASDAQ:LOCM), a leading local search engine, today reported its financial results for the first ... more etrials Worldwide Announces First Quarter Financial Results 8 May 08, 19:04 ET MORRISVILLE, NC --(Business Wire)-- etrials Worldwide, Inc. (Nasdaq: ETWC), a leading provider of adaptive eClinical software and services that optimize ... more Thrivent Financial for Lutherans, members give back more than $5.8 ... 8 May 08, 18:11 ET By Larry Avila During its annual report to the community today, executives with the financial services firm, which employs 1860 people in the Fox Cities, ... more Deltek Appoints Mark Wabschall as Chief Financial Officer 8 May 08, 18:10 ET HERNDON, Va. - (Business Wire) Deltek, Inc. (NASDAQ:PROJ), the leading provider of enterprise applications software for project-focused organizations, ... more Thompson Creek announces first-quarter 2008 financial results 8 May 08, 18:10 ET TORONTO, May 8 /PRNewswire-FirstCall/ - Overview (all in US dollars): - Molybdenum production recovered strongly to 5.6 million pounds in the first quarter ... more White Electronic Designs Corporation Reports Financial Results for ... 8 May 08, 18:10 ET PHOENIX, May 8 /PRNewswire-FirstCall/ -- White Electronic Designs Corporation (Nasdaq: WEDC) reported financial results for the second quarter, ... more Commonwealth Business Bank Reports $422000 or $0.13 Diluted ... 8 May 08, 18:09 ET - Commonwealth Business Bank (OTCBB:CWBB), a community business bank commencing its fourth year of operations, announced its financial results for the first ... more Central bank says it is ready to curb inflation 8 May 08, 18:09 ET By Doris Dumlao MANILA, Philippines—As the inflation rate hit a three-year high in April due to skyrocketing food and fuel prices, the central bank, ... more Alexandria Real Estate Equities, Inc. Reports First Quarter 2008 ... 8 May 08, 18:08 ET Highlights ---------- First Quarter 2008: - First Quarter 2008 Funds from Operations (FFO) Per Share (Diluted) of $1.48, up 7%, Before Non-Cash Impairment ... more MathStar Announces Financial Results for Q1 2008 8 May 08, 18:08 ET HILLSBORO, Ore., May 8 /PRNewswire-FirstCall/ -- MathStar, Inc. (Nasdaq: MATH), a fabless semiconductor company specializing in high- performance ... more Peoples Bancorp Inc. Names New Chief Financial Officer 8 May 08, 18:08 ET MARIETTA, Ohio, May 8 /PRNewswire-FirstCall/ -- Peoples Bancorp Inc. (Nasdaq: PEBO) announces the appointment of Edward G. Sloane to the Executive Vice ... more Algonquin Power Income Fund Announces First Quarter 2008 Financial ... 8 May 08, 18:08 ET OAKVILLE, ON, May 8 /PRNewswire-FirstCall/ - Algonquin Power Income Fund (TSX: APF.UN) (the "Fund" or "Algonquin Power") today announced financial results ... more Foreign Ctrl Banks Buy $16.3B US Govt Bonds In May 7 Week 8 May 08, 16:54 ET NEW YORK (Dow Jones)--Foreign central banks bought a weekly average of $16.3 billion of US government securities in the week ended May 7. ... more US Commercial Banks Maintain Steady Discount Window Use 8 May 08, 16:54 ET WASHINGTON (Dow Jones)--US commercial banks held largely steady their use of the Federal Reserve's discount window while investment banks lowered their use ... more Banks decrease discount window borrowing to 11.5 bln usd as of ... 8 May 08, 16:54 ET WASHINGTON (Thomson Financial) - Banks and primary dealers only slightly cut back their borrowing from the Federal Reserve's discount window in past week, ... more Belzberg Reports First Quarter 2008 Financial Results 8 May 08, 16:54 ET By Belzberg Technologies Inc. The Company strengthened its financial position with cash and cash equivalents of $23.7 million and working capital of $29.3 ... more Alsius Corporation to Host First Quarter 2008 Financial Results ... 8 May 08, 16:54 ET By Alsius Corporation Alsius Corporation (Nasdaq: ALUS), the worldwide leader in intravascular temperature management (IVTM(TM)) therapies for critically ... more Closing Glance: Shares of commercial banks fall 8 May 08, 16:54 ET NEW YORK (AP) - Commercial bank stocks fell Thursday on concern American International Group Inc.'s quarterly report would disappoint. ... more Police arrest bank robbery suspects 8 May 08, 16:54 ET A cooperative investigation between the Danvers Police Department, the State Robbery Task Force and the Nashua Police Department led to the capture of two ... more GunnAllen Financial pays $750000 fine 8 May 08, 16:53 ET GunnAllen also was accused of various anti-money laundering, reporting, record-keeping and supervisory deficiencies, according to a release from FINRA, ... more Bryant Bank to open Hoover branch 8 May 08, 15:59 ET Bryant Bank plans to establish a new branch in Hoover, its seventh Birmingham-area location. The Tuscaloosa-based bank filed an application with the Federal ... more Vick ordered to pay Royal Bank of Canada $2.4 million 8 May 08, 15:56 ET Michael Vick, seen here at his sentencing, was ordered by a federal judge in Virginia to repay a $2.4 million loan to the Royal Bank of Canada. ... more Kent budget impacted by job vacancies Filling posts reduces city's ... 8 May 08, 15:55 ET By Matt Fredmonsky The city of Kent has been saving money gradually in recent years by not filling city jobs as employees retire, resign or are terminated. ... more Financial crisis mostly over, Dimon says 8 May 08, 15:15 ET By Robert Schroeder WASHINGTON (MarketWatch) -- The financial crisis that began last summer and rocked markets is mostly over, the chief executive of ... more Durect shares rise following solid 1Q financial results 8 May 08, 15:14 ET © 2008 AP NEW YORK — Shares of drug developer Durect Corp. surged Thursday, after the company reported a smaller first-quarter loss on lower costs and ... more JEDC approves $884K incentive for Deutsche Bank 8 May 08, 15:14 ET The Jacksonville Economic Development Commission has approved the city portion of three incentives for Deutsche Bank that would total nearly $4.8 million ... more ECB, Bank of England leave rates steady 8 May 08, 15:13 ET By Elena Becatoros AP ATHENS, Greece – The European Central Bank and the Bank of England both held their official interest rates steady on Thursday as ... more Germany's HVB bank reports 1Q loss on credit crunch 8 May 08, 15:13 ET By George Frey AP FRANKFURT, Germany – Germany's HVB Group reported a first-quarter loss of 282 million euros ($435 million) on Thursday and said that it ... more Sciele Pharma to Present at Bank of America Health Care Conference 8 May 08, 15:13 ET Sciele Pharma, Inc. (NASDAQ: SCRX), a specialty pharmaceutical company, today announced that Ed Schutter, President and Chief Operating Officer, ... more Cox wants regulatory eye on big banks 8 May 08, 15:13 ET By Aaron Siegel Following the collapse of The Bear Stearns Cos. Inc., a financial regulator should be given the authority to oversee the largest investment ... more Bandit robs four grocery store banks 8 May 08, 14:40 ET