News - Powered by Yahoo NewsBank of America CEO "comfortable" with bank's investment
(Reuters) - Bank of America Corp is "very comfortable" with the composition of its corporate investment portfolio, which is invested mostly in government-guaranteed mortgage bonds and U.S. Treasuries, Chief Executive Officer Brian Moynihan said at an investor conference on Monday. Moynihan was asked about the bank's investments following JPMorgan Chase & Co's disclosure this month that it lost ...
Mon, 21 May 2012 15:44:47 -0700 -
Bank Profit Growth Rises on Business Loans: Corporate Canad
Royal Bank of Canada , Bank of Montreal (BMO) and other Canadian lenders will post higher profit in the fiscal second quarter as a firming economy fueled loans to consumers and businesses.
Mon, 21 May 2012 21:52:30 -0700 -
Bank of England under pressure despite agreeing to banking crisis revie
The Bank's court announces three separate five-month reviews ? but none will cover the bank run on Northern Rock The Bank of England remained under intense pressure to embark on sweeping reforms of the way it operates even as it appeared to cave in to political pressure by announcing a review into its handling of the 2008 banking crisis. The Bank's court ? akin to a board of directors ...
Mon, 21 May 2012 19:16:45 -0700 -
Barclays bank to sell BlackRock stake worth $6.1 b
British bank Barclays has decided to offload its $6.1-billion (4.7-billion-euro) stake in US-based asset management company BlackRock Inc., it said on Monday.
Mon, 21 May 2012 13:38:06 -0700 -
Sector Snap: Big bank stocks mixe
Bank stocks were mixed Monday after an analyst cut his rating on several big banks, citing worries over Europe's debt crisis and the likelihood of tough U.S. banking regulations after JPMorgan Chase & Co.'s massive trading loss.
Mon, 21 May 2012 12:44:59 -0700 -
Pan American Bank CEO Selected as Business Book Award Finalis
Pan American Bank , California?s oldest Latino-owned bank and the second-oldest Latino-owned bank in the United States, today announced that President and CEO Jesse Torres has been selected as a finalist in the Best Business Book category of the International Latino Book Awards.
Mon, 21 May 2012 06:00:00 -0700 -
Bank of England's role examine
The Bank of England's supervisory court commissions three independent reviews into its performance during the financial crisis.
Mon, 21 May 2012 11:03:08 -0700 -
Bank says solicitor's claims on assets value 'ludicrous'
A DISPUTE between a solicitor and Bank of Ireland over the ownership and value of art, antiques, furniture and other contents of luxury homes in Dublin and London has come before the Commercial Court as part of the bank?s efforts to enforce a ?75 million judgment.
Mon, 21 May 2012 17:21:14 -0700 -
Alabama Bank Fails, Tally Hits 2
Last Friday, Office of the Comptroller of the Currency shuttered Alabama Trust Bank, National Association, taking the number of failed U.S. banks thus far in 2012 to 24.
Mon, 21 May 2012 12:25:22 -0700 -
Bank of England's Posen says govt role needed to clean up euro zone bank
TOKYO (Reuters) - Bank of England policymaker Adam Posen said on Monday that the euro zone crisis calls for governments' active role to recapitalise and clean up the region's banking system, saying monetary policy alone won't solve structural problems. "The biggest thing you need is forcefully injecting enough capital into the banking system," Posen said at a Tokyo conference on global financial ...
Mon, 21 May 2012 02:46:07 -0700 -