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Banking News

Banking news continually updated from thousands of sources around the net.

45 min ago | Newkerala.com

SBI extends home loan campaign

Mumbai, Nov 6 : Bringing cheer to home loan seekers, the State Bank of India today announced extension of its My Home Campaign offering lower interest rates till March 31, 2009.

Comment?

Related Topix: Financial Services, Housing

4 hrs ago | Business Standard

SBI deposit rates cut 25-50 bps

The bank extends 8% home loan scheme till March. The country's biggest lender, State Bank of India , today slashed interest rates on domestic term deposits by 25-50 basis points across maturities to reduce cost of funds.

Comment?

Related Topix: Financial Services

9 hrs ago | NY Daily News

Former Citibank CEO: Sorry I built Citigroup

John S. Reed , who helped engineer the merger that created Citigroup Inc. , apologized for his role in building a company that has taken $45 billion in direct U.S. aid and said banks that big should be divided into separate parts.

Comment?

Related Topix: Financial Services, Citigroup, New York Metro, US News, US Treasury

13 hrs ago | Los Angeles Times

United Commercial Bank is shut down, sold to East West Bancorp

Toppled by loan losses and misstated financial reports, San Francisco's United Commercial Bank was shut down by regulators Friday night and immediately sold to Pasadena's East West Bancorp, creating by far the largest U.S. bank focused on the Chinese American market.

Comment?

Related Topix: Financial Services, East West Bancorp, San Francisco, CA, San Francisco Metro, Pasadena, CA, US Bancorp

17 hrs ago | Bloomberg.com

CF Industries Rejects Agrium's Increased Takeover Offer of $4.52 Billion

CF Industries Holdings Inc. rejected rival fertilizer producer Agrium Inc.a s increased $4.52 billion takeover offer, saying it a oesubstantiallya undervalues the company.

Comment?

Related Topix: Chemicals, Financial Services, Charter One Financial, Deerfield, IL, Terra Industries

Fri Nov 06, 2009

Reuters Video

Seasonal workers swell job ranks

Nov. 6 - Retailers and delivery giants have thousands of job openings for temporary workers during the holidays.

Comment?

Related Topix: JP Morgan Chase , Journalism, Medicine, Triad Hospitals, Hospital Administration, Healthcare Industry, Mutual Funds, Personal Finance, Business News, Video

WAAY-TV Huntsville

South Ala. Guard member hurt in Fort Hood shooting

The Alabama National Guard has identified the soldier who was injured in the shooting rampage at Fort Hood, Texas.

Comment?

Related Topix: Fort Hood, TX, Alabama National BanCorporation, Financial Services

WSVN-TV Miami Beach

Fla. yacht broker seeks probation in UBS tax case

A Florida yacht broker is asking a judge for probation on a tax conviction because of his assistance in the U.S. investigation of secret accounts at Swiss bank UBS AG.

Comment?

Related Topix: Financial Services, Ubs Ag

The Plain Dealer

Bank of America says credit environment remains difficult

Bank of America Corp. on Thursday reiterated that the current credit environment will remain difficult into next year, as unemployment is likely to continue to rise.

Comment?

Related Topix: Bank of America, Financial Services, Home, Mortgage, Personal Finance

KHWB-TV Houston

Citi files plans for Primerica IPO, to sell rest of insurance company after it goes public

Citigroup Inc. filed plans for an initial public offering of its Primerica Inc. life insurance unit late Thursday, and said it will sell the rest of the unit after it goes public.

Comment?

Related Topix: Financial Services, Citigroup, Mutual Funds, Personal Finance

Thu Nov 05, 2009

Athens Banner-Herald

Goldman Sachs, Citigroup got swine flu vaccine

This April 16, 2009 file photo, shows a sign at the Citigroup Center in New York.

Comment?

Related Topix: H1N1 Influenza / Swine Flu, Health, Medicine, Influenza, Financial Services, Citigroup, Investment Banking, Goldman Sachs Group, Investment Services, New York Government, New York

ClipSyndicate

UBS' Morris Sees Syndication Boosting CBS's Revenue: Video

Nov. 5 -- Michael Morris, an analyst with UBS AG, talks with Bloomberg's Carol Massar, Adam Johnson and Jon Erlichman about the outlook for CBS Corp.'s earnings.

Comment?

Related Topix: Financial Services, Ubs Ag, Video, Business News

Slam Sports

Agrium makes 'best and final' offer for reluctant CF Industries: US$4.5 billion

Canadian fertilizer giant Agrium Inc. has made what it calls a "best and final" offer for U.S. competitor CF Industries Holdings Inc.

Comment?

Related Topix: Agrium, Chemicals, Financial Services, Charter One Financial, Terra Industries, Agriculture, Science, Winter Sports, Curling

The Advocate

Don't panic: Park National Bank OK in Ohio

NEWARK -- Park National Corp., based in Newark, regularly sends out press releases about what its 13 community bank divisions and two specialty finance companies are doing.

Comment?

Related Topix: Newark, OH, Financial Services

ABC News

European, British Central Banks Leave Rates Alone

The European Central Bank and the Bank of England kept interest rates at record lows Thursday as their economies struggle to emerge from recession.

Comment?

Related Topix: Financial Services, Greater London County, England, United Kingdom,

Press & Sun-Bulletin

Chemung Financial posts drop in net income

REGION Chemung Financial Corp. on Tuesday reported a 37 percent drop in third-quarter net income.

Comment?

Related Topix: Financial Services, Elmira Metro

Wed Nov 04, 2009

CANOE

Companies profit from H1N1 pandemic

Many Canadian companies expect the H1N1 flu to hand them staff shortages and dropping revenue, but others are looking to turn a healthy profit.

Comment?

Related Topix: Epidemic, Natural Disasters, H1N1 Influenza / Swine Flu, Health, Bank of Montreal, Financial Services

SignOnSanDiego.com

World stocks weighed down by bank concerns

LONDON a ' World stock markets mostly fell Tuesday amid renewed concerns about the banking sector after Britain's Royal Bank of Scotland PLC got more government help and Switzerland's UBS AG booked another massive charge.

Comment?

Related Topix: Financial Markets, Financial Services, Ubs Ag, Construction, Berkshire Hathaway, Insurance, Investment Services, Warren Buffett

KIMA

JPMorgan settlement with SEC worth over $700M

JPMorgan Chase & Co. has agreed to a settlement worth more than $700 million over federal regulators' charges that it made unlawful payments to friends of public officials to win municipal bond business in Jefferson County, Ala.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, JP Morgan Chase , Jefferson County, AL, Economics News, Bankruptcy, The Regulators, Country

Clover Herald

Bank HSBC cutting 1,700 UK jobs

HSBC Holdings PLC says it is cutting 1,700 positions from its British work force.

Comment?

Related Topix: HSBC Holding, Financial Services

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