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  • NRB unveils monetary policy; inflation to be limited at 7 pc Wednesday, July 28, 2010 @ 8:37AMThe Nepal Rastra Bank (NRB) unveiled the monetary policy for the fiscal year 2067/68 Wednesday, aiming to assist the 5.5 percent economic growth target and bringing down the inflation to 7 percent from the existing 10.5 percent (estimated).
  • Banque Saudi Fransi loan provisions rise 55% in Q2 Wednesday, July 28, 2010 @ 8:23AMRiyadh-based bank raised provisions to $22.4m in the three months ended June 30.
  • European shares rise on banks Wednesday, July 28, 2010 @ 5:19AMBanks boosted by strong UBS earnings, weaker Basel III rules. 28 Jul 2010 8:19 PM
  • SMFG keeps full-year outlook despite strong Q1 Wednesday, July 28, 2010 @ 5:06AM* Q1 net profit Y211.8 bln vs Citi estimate of Y100 bln
  • Sumitomo Mitsui Profit Triples as Bad-Loan Costs Fall Wednesday, July 28, 2010 @ 3:46AMSumitomo Mitsui Financial Group Inc., Japan’s third-largest bank by assets, said first-quarter profit tripled, beating analysts’ estimates as bad-loan charges fell and trading income climbed.
  • China at risk of bad loans, warns IMF Wednesday, July 28, 2010 @ 3:21AMThe International Monetary Fund has warned China to be vigilant over bad loans as its economy begins to slow.
  • Virgin Media - Second Quarter 2010 Results Wednesday, July 28, 2010 @ 1:00AMLONDON----Virgin Media Inc. announces results for the quarter ended June 30, 20101.
  • Monkey Business Wednesday, July 28, 2010 @ 12:23AMCraig Ramsey hadn't planned on playing the Cleveland Music Festival. Now in its 11th year, the annual showcase embodied the local rock rat race that never much interested the indie veteran.
  • Why The Small Business Loan Fund Could Become Another Fannie Mae Tuesday, July 27, 2010 @ 12:31PMThe President wants to help small businesses get credit by created a $30 billion dollar loan fund. Under the fund, banks would use the taxpayer cash and leverage it with their own money. While credit is hard to come by and more money should be better than less, Capital Insight Partners' Eliot Stark says the government backing may push banks to make more bad loans. He adds that could lead to a ...
  • EU Banks Rally on Invalid Stress Tests Tuesday, July 27, 2010 @ 11:48AMThe EU bank stress tests indicated there were few problems in the system. Even though they have been roundly criticized as merely a PR gambit, bank stocks rallied on the results nevertheless.
  • Credit Card Fees & Accounts Speech by President Obama [Transcript] Tuesday, July 27, 2010 @ 9:47AMCredit card fees, account holder rights and balances were all highlights of President Barack Obama's remarks before the signing of the Dodd-Frank Wall Street Reform and Consumer Protection Act at the Ronald Reagan Building.
  • U.S. stocks rise, with help from DuPont, banks Tuesday, July 27, 2010 @ 8:59AMU.S. stocks climb Tuesday following a rise in U.S. home prices for May along with another round of strong earnings.
  • Deutsche Bank Q2 net up 9% at 1.2 bn euros Tuesday, July 27, 2010 @ 4:23AMGlobal financial major Deutsche Bank has reported a nine per cent growth in net profit at 1.2 billion euros ($1.55 billion) for the April-June period due to lower provisions for bad loans.
  • Lower provisions for bad loans lift Deutsche Bank net up Tuesday, July 27, 2010 @ 4:14AMFRANKFURT/NEW DELHI: Global financial major Deutsche Bank has reported a nine per cent growth in net profit at €1.2 billion ($1.55 billion) for the April-June period due to lower provisions for bad loans.
  • Never Write Off The Germans Tuesday, July 27, 2010 @ 2:47AMYou can't beat Germany, so join them.
  • Do our banks have an Achilles' heel? Monday, July 26, 2010 @ 12:00AMAustralia's big banks survived the global financial crisis but they have retained their Achilles' heel.
  • Tying credit future to a known risk is a bad idea Sunday, July 25, 2010 @ 2:25AMQuestion: My grandmother asked me to sign as co-owner with my mother for the house she is buying because my mother has poor credit. She figures my good credit will help our odds at getting the house. My mother even said the payments for the new house are too much.
  • State may rely heavily on 'common good' defence Thursday, July 22, 2010 @ 7:12PMPaddy McKillen has a high mountain to climb in his legal challenge to Nama, writesCAROL COULTERLegal Affairs Editor
  • Stakes could not be higher as Nama is put to the test Thursday, July 22, 2010 @ 7:12PMA legal challenge to Nama by developer Paddy McKillen could derail the engine designed to pull the banks out of crisis
  • Entrepreneurs turn away from banks for loans Thursday, July 22, 2010 @ 6:18PMDENVER - It sounds like something that may have been a part of one very popular movie in the 1980s.
  • Hamish McRae: It is no good squealing about dodgy borrowers who cannot get bank credit Thursday, July 22, 2010 @ 6:12PMToday is stress-test day for European banks. The idea is to assure everyone that most of them are sound, even in the event of another bout of financial stress, and that those which are not will in some way be supported, perhaps by having new capital pumped into them, perhaps by being taken over. A similar exercise worked in the US, where banks are now convalescing, and there are hopes it will ...
  • AmEx, Capital One results top analyst estimates Thursday, July 22, 2010 @ 5:30PMAmerican Express Co. and Capital One Financial Corp. report big quarterly profits as the credit-card giants benefit from fewer bad loans.
  • KeyCorp Reports First Quarterly Profit in 2 Years Thursday, July 22, 2010 @ 5:13PMOhio-based banking company KeyCorp posts first quarterly profit in 2 years KeyBank - Bank - United States - Ohio - Financial Services
  • Despite Billions To Banks, U.S. Small Businesses Struggle For Loans Thursday, July 22, 2010 @ 2:44PMCarl Calhoun makes mattresses for a living, but lately he's been enduring more than his share of sleepless nights.
  • KeyCorp reports first quarterly profit in 2 years Thursday, July 22, 2010 @ 2:36PMKeyCorp reported its first quarterly profit in two years Thursday with fewer soured loans, more income from fees and better cost controls. The Cleveland banking company, which had been nagged by a flood of bad loans, said it earned $29 million, or 3 cents per... KeyBank - Cleveland - Bank - Business - Financial Services
  • A Mortgage Foreclosure Crisis Without End Thursday, July 22, 2010 @ 2:30PMFor many, defaulting on a mortgage wasnt part of the American dream.
  • KeyCorp reports first quarterly profit in 2 years Thursday, July 22, 2010 @ 2:23PMKeyCorp reported its first quarterly profit in two years Thursday with fewer soured loans, more income from fees and better cost controls.
  • PFGBEST Energy Comment Thursday, July 22, 2010 @ 1:34PMCHICAGO - Jul 22/10 - SNS -- Following is the energy futures comment from PFGBEST Research. Ben What A Bummer!
  • Stocks surge on upbeat earnings and forecasts Thursday, July 22, 2010 @ 1:13PM(AP:NEW YORK) Stocks surged Thursday after another strong batch of earnings reports revived optimism about the economic recovery. Encouraging signs of growth in Europe added to the upbeat mood.
  • Senate Modifies Small Business Tax Relief Bill Thursday, July 22, 2010 @ 11:45AMHoping to get the Small Business Jobs Act passed before the August recess, Senate Democrats have modified the legislation in an effort to avoid another filibuster battle.
  • Fifth Third posts $130M profit, tops forecasts Thursday, July 22, 2010 @ 11:43AMFifth Third Bancorp said Thursday its net income tumbled 85% in the second quarter from results inflated by an asset sale a year ago. The latest results still broke a streak of three straight quarterly losses.
  • BankRI triples 2Q net income as loan-loss provisions and charge-offs decline Thursday, July 22, 2010 @ 11:06AMPROVIDENCE - Bancorp Rhode Island Inc., the parent of Bank Rhode Island, posted a second-quarter profit of $2.68 million Thursday, more than three times the $740,000 net income reported in the year-ago period.
  • Stocks surge on upbeat earnings and forecasts Thursday, July 22, 2010 @ 10:57AM(AP:NEW YORK) Stocks are surging after another strong batch of earnings reports revived optimism about the economy. Encouraging signs of growth in Europe are adding to the upbeat mood.
  • Wells Fargo profits, loan losses fall Wednesday, July 21, 2010 @ 6:15PMBanks says slowdown offset by smaller provision for bad debt
  • U.S Bancorps profits quadruple for second quarter Wednesday, July 21, 2010 @ 5:59PMU.S. Bancorp's quarterly profit nearly quadrupled to $862 million, even as write-offs for bad loans increased slightly from last year, the bank said Wednesday
  • Obama Signs Financial Regulation Reforms Into Law Wednesday, July 21, 2010 @ 1:41PMPresident Barack Obama Wednesday signed into law a sweeping set of reforms to the nation's financial regulatory structure. Obama said that the reforms are a critical step in averting a future financial crisis like the one that recently plunged the nation into recession. "It was a crisis born of a failure of responsibility from certain corners of Wall Street to the halls of power in Washington ...
  • US Bancorp profit rises, but write-offs continue Wednesday, July 21, 2010 @ 6:57AM(AP:MINNEAPOLIS) U.S. Bancorp's quarterly profit nearly quadrupled from last year, to $862 million, even as write-offs for bad loans increased slightly.
  • Is college still worth it? Wednesday, July 21, 2010 @ 5:07AMChristina Garcia had her heart set on going to the University of Washington in Seattle.
  • Wall Street: The banks are still boss Wednesday, July 21, 2010 @ 5:00AMGoldman Sachs' $550m fine is as much as the bank takes in trading revenue in just one week Even after the final full stop is affixed to the last piece on the great banking crisis of 2007-10, one phrase about one bank will sum up the entire episode. It comes from a Rolling Stone profile last year of Goldman Sachs. The second and most quoted sentence of Matt Taibbi's piece describes the world's ...
  • Obama With British Prime Minister Cameron Wednesday, July 21, 2010 @ 3:18AMPRESIDENT OBAMA: Good afternoon, everybody. Please have a seat. It is my great pleasure to welcome Prime Minister Cameron on his first visit to the White House as Prime Minister.
  • Own your own bank and prosper Wednesday, July 21, 2010 @ 12:25AMCredit unions and building societies are consistently rated higher than the big banks for customer satisfaction but they have struggled to convert that into market share. Added to that, they also perform well in product comparison tables, so it's surprising that they don't have higher profiles.
  • U.S. Mortgage Brokers Get Criminal Check, Tests Under New Rules Tuesday, July 20, 2010 @ 11:36PMCalifornia mortgage brokers face closer scrutiny as the state adopts a federal law aimed at curbing the fraud and abuse that helped decimate the housing market.
  • Corporate report Tuesday, July 20, 2010 @ 11:31PMGoldman Sachs Group Inc. -- The giant bank said its second-quarter profit fell 83 percent to $453
  • Summer Rerun: It’s Official: “A Potential Credit Crunch” Tuesday, July 20, 2010 @ 11:12PMThis post first appeared on February 18, 2007 Mirable dictu, a Wall Street Journal editorial, “How Expansions Die,” that, for the most part, has a solid foundation in reality. Although the WSJ’s news pages have been reporting on the meltdown in the subprime mortgage market (admittedly somewhat less intently than the Financial Times), both the [...]
  • Bill calls for cutting break on credit score Tuesday, July 20, 2010 @ 10:01PMU.S. Rep Jackie Speier, D-San Francisco, wants to protect homeowners going through home loan modifications from taking a hit to their FICO scores If you are lucky enough to get your lender to modify your mortgage, you shouldn't end up dogged by a miserable credit score.
  • Marshall & Ilsley Stock Slumps on Big 2Q Loss Tuesday, July 20, 2010 @ 12:58PMMarshall & Ilsley 2nd-qtr loss narrows, but misses Wall Street forecasts, sending stock down Wall Street - Business - Investing - Stocks and Bonds - Equities
  • Marshall & Ilsley stock slumps on big 2Q loss Tuesday, July 20, 2010 @ 12:50PMMarshall & Ilsley Corp. on Tuesday posted a narrower net loss for the second quarter, as it wrote off fewer bad loans and set aside less money to cover souring credit. The results, however, missed Wall Street expectations, and the bank's stock slumped by 8... Marshall & Ilsley Corporation - Wall Street - Business - Marshall & Ilsley - Investing
  • Economy Tops Lists of Concerns Tuesday, July 20, 2010 @ 10:38AMIt came as no surprise to anyone at the town hall meeting held by Third District Supervisor Neil Derry: The topic uppermost in the minds of nearly everyone in attendance was the economy and how to jump-start it.
  • Little comfort for Irish economy in latest IMF report Tuesday, July 20, 2010 @ 5:20AMThe International Monetary Fund (IMF) did not seem to see the scale of the coming Irish economic crash. We can only hope that its long-term vision is still wonky.
  • The wrong fix for small business lending Tuesday, July 20, 2010 @ 3:14AMIn a speech last week, Federal Reserve chairman Ben Bernanke said banks across the country are systematically denying loan requests from financially credible small businesses. Bernanke implored community banks to lend more to small businesses, saying they are "crucial to America's recovery."