3 hrs ago | Sacramento Business Journal
Wells joins BofA, others in accepting California IOUs; state sets interest at 3.75%
Wells Fargo and Chase said Thursday they will accept California IOUs from customers until July 10.
8 hrs ago | WGNO
Venezuela takes control of Spanish-owned Banco de Venezuela, nation's third-largest bank
President Hugo Chavez's government assumed control of Venezuela's third-largest bank on Friday - making the state the largest player in the nation's banking system.
ANZ, StanChart to share RBS Asia assets
British bank Standard Chartered and the Australia and New Zealand Banking Group are set to divide up the Asian assets of embattled Royal Bank of Scotland, a press report said.
Services sector takes unexpected rise
RISING confidence among consumers about the outlook for the economy has helped the services sector expand for the first time in 15 months in June, a survey shows.
Hancock names new board chairman
Jim B. Estabrook Jr. has been selected as the next board chairman for Hancock Holding Co., parent of Hancock Bank.
Lynnwood's City Bank says it was reprimanded by FDIC
For the third time this year, a Snohomish County-based community bank has been reprimanded by the federal government.
First Financial acquires three banking centers
First Financial Bancorp has acquired three banking centers from Irwin Financial Corp.
Chase will accept California IOUs for a week
Chase bank said Thursday it would accept government IOUs from California through July 10 to help its customers as the state deals with a financial crisis.
Canada cancels Haiti's $2.3M debt
Federal Finance Minister Jim Flaherty answers questions after a meeting with his provincial and territorial counterparts in Mississauga, Ont.
Bank of America sets $713 million TARP payment
CHARLOTTE, N.C. - Bank of America Corp. said Thursday its board has authorized roughly $713 million in dividend payments to the U.S. government under the troubled asset relief program.
New Honduras leaders defiant in face of ultimatum
Leaders who took over in Honduras after ousting President Manuel Zelaya will not negotiate despite an ultimatum from the Organization of American States to hand back power within 72 hours, interim president Roberto Micheletti told AFP.
Nomura Said to Be in Final Talks to Buy Citigroup Japan Trust Banking Unit
Nomura Holdings Inc. , Japana s largest brokerage, may say as early as today that ita s buying Citigroup Inc.
ECB set to hold rates at record low
The European Central Bank meets today in Luxembourg as the threat of deflation looms over the recession-hit euro zone.
Hawaii Dem Linked to Questionable Bank Bailout
A struggling Hawaii bank received a $135 million federal bailout last fall two weeks after staff from the office of Sen.
Mizuho Financial to Raise $6.77 Billion After Investments Deplete Capital
Mizuho Financial Group Inc. , Japana s third-largest bank by market value, will raise as much as 655 billion yen from selling shares after local and overseas investments depleted capital.
Whitney hit by Fitch Ratings downgrade
Fitch Ratings has cut its rating on regional banker Whitney Holding Corp. citing its nonperforming assets, much of them related to Florida real estate.
Wall Street starts 3Q on high note
The third quarter is starting on a positive note after a mixed bag of economic data.
Citi raises rates on millions of credit cards
Citigroup Inc has increased interest rates on up to 15 million U.S. credit card accounts just months before curbs on such rises come into effect, the Financial Times reported citing people close to the situation.
Haiti Receives $1.2B in Debt Forgiveness
The Associated Press 1 comment Three international organizations canceled $1.2 billion of Haiti's debt Tuesday, freeing up millions of dollars each year for the deeply impoverished Caribbean nation that is beset by humanitarian crises.
BofA denies that practices hurt consumers
Bank of America Corp. denied accusations that its retail practices pressure consumers into needlessly costly products that contributed to the credit crisis.