Banking News

European Central Bank President Jean-Claude Trichet urged European Union countrie

14:59:28 | 05/09/2010 - Source: Korea Herald

News Trichet urges EU nations to unite at IMF 2010-09-05 16:50 European Central Bank President Jean-Claude Trichet urged European Union countries to find a unified position over threats to the bloc's influence at the International Monetary Fund.

Support for arches project

10:54:52 | 05/09/2010 - Source: Kootenay Advertiser

Theresa Larson and Christine Dayman, commercial account managers with Bank of Montreal in Cranbrook recently presented Fred Hoechsmann from the Downtown Business Association with a cheque for $10,000 in support of the Cranbrook Arches Project.

Auto bailouts chiseled out of conflicts and tension

06:40:20 | 05/09/2010 - Source: Detroit News

Few people got a closer view of the frantic, messy $85 billion government bailout of General Motors and Chrysler than presidential auto adviser Steve Rattner.

In Hindsight: For Apple's iPods, big changes; for HP, a big win

02:26:04 | 05/09/2010 - Source: San Jose Mercury News

Last week in Silicon Valley : Monday In the latest in a wave of big tech-industry deals, Santa Clara chip behemoth Intel -- which makes most of the microprocessors that are the brains in our Mac and Windows computers -- agreed to buy Infineon Technology's wireless chip unit for $1.4 billion.

First Niagara Financial Group, Inc. to Present at Barclay's Capital...

22:21:11 | 04/09/2010 - Source: GlobeNewswire

First Niagara Financial Group, Inc. announced today that investors will have an opportunity to listen to a webcast of the Company's strategy and outlook as it presents at the Barclay's Capital 2010 Global Financial Services Conference.

Trichet says a Greece exit from euro worst option

18:21:33 | 04/09/2010 - Source: 9NEWS

European Central Bank chief Jean-Claude Trichet says if Greece were to leave the eurozone and revert to the drachma that would be the "worst possible option." Trichet was speaking Saturday during a business conference on Lake Como.

Dollar slides after jobs report tops forecast

14:12:02 | 04/09/2010 - Source: The Knoxville News-Sentinel

The dollar slid Friday after a government report on jobs was not as bad as many market watchers had feared, helping assuage fears of another downturn in the U.S. The better-than-expected jobs report helped boost traders' taste for riskier currencies.

Silicon Valley cannery workers reunite to preserve memories

09:57:25 | 04/09/2010 - Source: San Jose Mercury News

It's been a long time since Mary Hidalgo, 89, has canned fruit at the local factory but she clearly recalls the little white lie she told on her first day of work in 1936 at Libby, McNeill & Libby's fruit cannery in Sunnyvale.

Piedmont REIT strikes $66M deal for Meridian Crossings

05:42:57 | 04/09/2010 - Source: Minneapolis/St. Paul Business Journal

A two-building office complex in Richfield that recently scored a large lease from U.S. Bancorp will soon change hands for $66 million.

Goldman to shutter principal strategies unit

01:33:15 | 04/09/2010 - Source: MarketWatch

Goldman Sachs & Co. has decided to shutter its principal strategies unit, which does its proprietary trading, in the wake of financial-overhaul regulation passed by Congress, according to a person familiar with the matter.

Banks making changes to the way they pay

21:33:42 | 03/09/2010 - Source: The Globe and Mail

Since compensation wasn't always linked to the traders' performance, there was little to deter some from making gambles they otherwise wouldn't. But a new report that will be made public on Friday suggests the industry is making changes.

Cameron Austerity Makes U.K. D...

17:19:11 | 03/09/2010 - Source: BusinessWeek

British companies are beating the world in the bond market as investors bet Prime Minister David Cameron's efforts to tame the budget deficit will preserve the U.K.'s top credit rating.

TD profit jumps 29%

13:04:08 | 03/09/2010 - Source: Canada.com

Toronto Dominion Bank today reported a third quarter profit of $1.18-billion, or $1.29 a share, up from $912-million, or $1.01, last year as record results from Canadian retail lending made up for slumping capital markets operations.

Asia Markets: Singapore property curbs may bite banks' growth

08:44:27 | 03/09/2010 - Source: MarketWatch

The biting restrictions that Singapore introduced earlier this week to cool the city's property prices will likely affect credit growth at the city's lenders and restrict their share gains.

Virg Bernero says he'd cut state business with banks that won't lend in Michigan

04:39:49 | 03/09/2010 - Source: KPLR-11

Democrat Virg Bernero said Thursday he'll stop the state from doing business with banks that won't lend in Michigan if he's elected governor.