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Capital One to buy ING’s U.S. online bank

admin — Sun, 19 Jun 2011 00:17:13 +0000

Capital One to buy ING’s U.S. online bank
Capital One Financial Corp plans to buy ING Groep NV’s U.S. online bank for $9 billion in cash and stock, leapfrogging up the ranks of the largest U.S. banks, the companies said on Thursday afternoon.

Bank of America Offers Potential Homebuyers Tips to Prepare For Homeownership

admin — Sat, 30 Apr 2011 00:19:26 +0000

Bank of America Offers Potential Homebuyers Tips to Prepare For Homeownership
Spring home buying season is here. Prospective homeowners can be proactive through financial preparation and conversations with a lender before starting the home search process.

Inflation fears prompt Europe’s central bank to raise interest rate

admin — Fri, 08 Apr 2011 00:26:20 +0000

Inflation fears prompt Europe’s central bank to raise interest rate
Inflation fears prompt Europe’s central bank to raise interest rate combined news services Published Apr 7, 2011 05:09PM MDT Frankfurt, Germany • The European Central Bank raised its key interest rate Thursday for the first time in nearly three years, as policymakers decided that battling rising inflation is more important than nurturing battered economies such as Greece, Ireland and Portugal …

Deutsche Bank, Credit Suisse Lead Fed’s Mortgage-Bond Trades

admin — Fri, 03 Dec 2010 00:19:42 +0000

Deutsche Bank, Credit Suisse Lead Fed’s Mortgage-Bond Trades
Deutsche Bank AG and Credit Suisse Group AG led bond dealers that entered contracts to buy and sell government-backed mortgage securities to the Federal Reserve as the central bank acquired $1.25 trillion of the debt beginning in January 2009.

Bank of America Extends More Than $173B in Credit During Third Quarter

admin — Sun, 07 Nov 2010 00:13:59 +0000

Bank of America Extends More Than $173B in Credit During Third Quarter
Latest Lending and Investing Report Details Nearly $500 Billion in Credit to Individuals and Busines…

Benefactor offers to pay off couple’s bank debt

admin — Fri, 05 Nov 2010 00:23:06 +0000

Benefactor offers to pay off couple’s bank debt
AN anonymous benefactor has offered to pay off a Colchester couple’s debt, which rose to £1,000 after they were stung by bank charges for being 8p overdrawn.

Bartmann lists local bank as one of its ‘10 most troubled’ in Texas

admin — Sat, 04 Sep 2010 21:13:53 +0000

Bartmann lists local bank as one of its ‘10 most troubled’ in Texas
Clarification: The Villager ran a story Thursday focusing on an independent list of troubled banks here in Montgomery County. The story also mentioned several banks not on the list which have a high ratio of non-performing assets. However, there are many other factors used to evaluate a bank’s strengths: capital levels, earning power, credit metrics, and liquidity. According to an Amegy …

Feds Shut Down Big Chicago Bank, 7 Others

admin — Mon, 23 Aug 2010 09:12:07 +0000

Feds Shut Down Big Chicago Bank, 7 Others
FDIC Takes over ShoreBank, Known for Social Activism but Racked by Financial Woes; 4 Calif. Banks among Those Closed

EON Bank targets RM4b in campaign

admin — Thu, 15 Jul 2010 15:12:18 +0000

EON Bank targets RM4b in campaign
EON Bank Group is confident of achieving the RM4 billion target in the Super Cash Campaign as it expects stronger sales volume and economic growth in the second half of this year, said Chief Executive Officer Michael Lor.

Liberia: IMF and World Bank Announce U.S.$4.6 Billion Debt Relief

admin — Wed, 30 Jun 2010 00:15:05 +0000

Liberia: IMF and World Bank Announce U.S.$4.6 Billion Debt Relief
The International Monetary Fund (IMF) and the World Bank’s International Development Association (IDA) have decided to support US$4.6 billion of debt relief for Liberia, of which US$1.5 billion is to be delivered by multilateral creditors and the remainder by bilateral and commercial creditors.