Skip to: Content
Skip to: Site Navigation
Skip to: Search
FRIDAY, NOVEMBER 27, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: bank

bank stories: 140 news summaries

81 - 100 of 140 Stories | << Prev 1 2 3 4 5 6 7 Next >>

Switch to grid view »

Citi May Seek to Recover Wachovia Deal

Bank could make a better offer; may sue Wells Fargo

Oct 4, 08 9:05 AM CDT
(Newser) - Left hanging after Wells Fargo swooped in with a better offer to purchase Wachovia, the troubled Citigroup is mulling its options. It could attempt to sweeten its earlier bid, perhaps including pieces of the company it hadn’t agreed to take earlier—or launch a lawsuit. Citigroup may argue that... More »

MORE ABOUT:
Citigroup • merger • Wachovia • Wells Fargo • bank • lawsuit • financial crisis

Raising Deposit Insurance May Save Bailout Package

Help for George Baileys could win over balky politicians

Oct 1, 08 2:13 AM CDT
(Newser) - A plan to boost deposit insurance for bank accounts is gaining traction in Washington and could help rescue the rescue package, the Wall Street Journal reports. Community bankers have been pushing hard for a hike from the current $100,000 limit to $250,000. The move, which would also ease... More »

MORE ABOUT:
bank • small business • FDIC • bailout • financial crisis • deposit insurance

Rumors Spark Wild Run on Asian Bank

Panicked thousands rush to grab savings from Bank of East Asia

Sep 25, 08 6:24 AM CDT
(Newser) - Rumors that the Bank of East Asia was in trouble spread like wildfire through Hong Kong yesterday, causing a panicked mob to descend on the bank as thousands withdrew their life savings, the Financial Times reports. Police moved in to keep order as crowds demanded their money. BEA's tycoon chairman... More »

MORE ABOUT:
China • Hong Kong • bank • banking • bank failure • financial crisis

Fed Loosens Reins on Private Funds Buying Into Banks

But some worry risky loans will result

Sep 23, 08 5:51 AM CDT
(Newser) - The Fed has loosened the rules that curtailed private investments in banks, the Wall Street Journal reports. The move may inject more cash into the financial system—if private equity chooses to invest—but will raise fears of profit-hungry investors snapping up stakes in banks to make quick cash with... More »

MORE ABOUT:
investing • private equity • Federal Reserve • bank • buyout firms • bank regulation • banking industry

Japanese Firm Buys Lehman's Asian Assets

Nomura Holdings wins auction to pay $225M

Sep 22, 08 4:02 AM CDT
(Newser) - Japan’s Nomura Holdings won an auction to buy bankrupt Lehman Brothers’ Asian assets for $225 million, the Wall Street Journal reports. Healthy Japanese firms like Nomura are pouncing on the Wall Street crisis as a means to expand. Lehman has 2,940 workers in the region, where the company... More »

MORE ABOUT:
Japan • auction • bank • Lehman Brothers • credit crisis

Tweaked Bailout Bill Opens Aid to Foreign Banks

Revision is first change sparked by Treasury-Congress talks

Sep 21, 08 11:15 AM CDT
(Newser) - The Treasury Department has amended its bailout bill to include foreign banks, Politico reports, abandoning an earlier requirement that banks be headquartered in the US to receive money. Now, the banks must have “significant operations in the US” or be approved by Henry Paulson—meaning Barclays, Credit Suisse, and... More »

MORE ABOUT:
Henry Paulson • bank • subprime crisis • bailout • bill • financial crisis

 UK's Largest Mortgage
Lender in Buyout Talks

HBOS could be sold to Lloyds as early as tomorrow

Sep 17, 08 10:36 AM CDT
(Newser) - Britain's biggest mortgage lender, HBOS, is in advanced discussions with Lloyds about a possible buyout, reports the Financial Times. Stock in the troubled lender has yo-yoed today, falling to less than a pound a share before rocketing up and then plummeting again. While a Lloyds purchase of HBOS could trigger... More »

MORE ABOUT:
bank • buyout • mortgage lender • HBOS • Lloyds of London

(Newser) - Barclays will pick up the US capital-markets business of Lehman Bros. in a $2-billion deal worked out today that will go before a bankruptcy judge at 5pm and Lehman creditors shortly after that, the Wall Street Journal reports. Barclays backed away from buying all of Lehman over the weekend, but... More »

MORE ABOUT:
Barclays • bankruptcy • bank • Lehman Brothers

markets

Get Set for Disorderly Lehman Liquidation


Sep 14, 08 7:24 PM CDT
(Newser) - Barclay's dropping out of a Lehman deal means that the Feds lost a game of chicken with the big banks holding Lehman mortgages, and now there will be a disorderly liquidation of Lehman assets, instead of the orderly liquidation that would have been possible with a real buyer, James Cramer... More »

MORE ABOUT:
Citigroup • Barclays • Merrill Lynch • bank • Lehman Brothers • AIG • subprime crisis • financial crisis

UK Banks 'Milk Borrowers' to Pay for Credit Crunch

Banks hike mortgage payments despite interest rate cuts

Aug 23, 08 7:19 PM CDT
(Newser) - Britain's big banks are being accused of hoisting nearly £3 billion in interest payments on customers to make up for bad bank investments, the Daily Mail reports. Seeking to recoup huge losses from assets linked to subprime US mortgages, the banks have hiked mortgage rates and fees despite interest... More »

MORE ABOUT:
United Kingdom • Barclays • bank • credit crisis • HSBC • Britain • banking • banking industry

Squeezed
Banks Slash
Biz Loans

Real-estate
fallout dries up
credit stream

Jul 28, 08 5:09 AM CDT
(Newser) - Reeling from real-estate losses, banks are turning off the credit spigot to loan-seeking businesses, the New York Times reports. The loan reduction means more bad news down the line as money-starved companies begin to cut workers. Banks cut credit nearly 3% over the past year, the most since 2001, according... More »

MORE ABOUT:
bank • credit • loan • economy • banking industry

 Feds Seize 2 Failed Banks

Western banks sold to Mutual of Omaha

Jul 26, 08 6:07 AM CDT
(Newser) - The housing bust and credit crunch have toppled two more banks, Reuters reports. Federal regulators have taken over First National Bank of Nevada and California's First Heritage Bank and sold them to Mutual Bank of Omaha. The undercapitalized institutions were the sixth and seventh to go under in the US... More »

MORE ABOUT:
bank • banking • FDIC • bank failure

OPINION

These Days, Local Banks Look Good

Your community banker cares, and may even have good deals

Jul 19, 08 10:35 AM CDT
(Newser) - Community banks may seem like quaint relics to those who prefer banking online, but IndyMac's meltdown should have us thinking differently, Ron Lieber writes in the New York Times. Lieber visited a bank in small-town Maryland, and found a friendly, gray-haired manager who gives banking a personal touch. “If... More »

MORE ABOUT:
money • bank • home loans • savings • bank failure • local bank • community

analysis

IndyMac Failure Exposes Risk for Uninsured $$$

Depositors with more than $100K in the bank could be in trouble

Jul 12, 08 9:29 PM CDT
(Newser) - IndyMac Bank's failure yesterday was a "wake-up call" to anyone with deposits above the $100,000 FDIC insurance limit, Terry Savage writes in Street.com. Americans have more than $2.6 trillion in uninsured accounts, and 10,000 depositors have more than $1 billion at risk at IndyMac alone.... More »

MORE ABOUT:
insurance • bank • IndyMac • FDIC • bank failure

 ATM Thefts On the Rise 

Non-bank teller machines make easy targets, police say

Jul 3, 08 7:25 PM CDT
(Newser) - ATM theft is a labor-intensive crime: You have to steal a pickup, slam it through a gas station storefront, and haul the ATM out. But that’s exactly what an increasing number of criminals are doing, MSNBC reports. From 2000 to 2006, thieves nabbed about 120 ATMs a year across... More »

MORE ABOUT:
crime • theft • bank robbery • felony • bank • GPS • ATM

ANALYSIS

 A Year On, 
 Credit Crisis
 Lingers 

'Vicious circle' threatens broader economy

Jul 1, 08 7:09 AM CDT
(Newser) - Despite assurances from some experts that the credit crisis would be short-lived, the forecast remains bleak after more than a year of frustrations, the New York Times reports. In a “vicious circle,” falling home prices lead to more bad loans, which makes credit harder to get so that... More »

MORE ABOUT:
stock market • Wall Street • bank • home loans • credit crisis • home prices • financial sector • subprime crisis

ANALYSIS

Creditors Fed Off Equity Boom, Creating 'Double Bubble'

US charged against home value now gone

Jun 18, 08 3:55 PM CDT
(Newser) - As home values boomed, banks raised credit limits and extended offers for new cards, urging consumers to pay off the debt by drawing on their equity, USA Today reports. Many of those borrowers now face high interest rates on homes tapped of equity and hemorrhaging value—and the boom in... More »

MORE ABOUT:
foreclosure • bank • credit card • home equity • default • home equity loans

Earnings

 Morgan Stanley Profits Fall 57%  

Business bad all around, with declines in sales, trading, and investment banking

Jun 18, 08 8:00 AM CDT
(Newser) - Morgan Stanley profits were sliced in half this quarter, the company announced today, as stock slingers failed to offset real estate writedowns. The 57% drop, which brought earnings to $1.03 billion or $0.95 per share, was in line with analyst expectations. CEO John Mack said that thanks to... More »

MORE ABOUT:
Morgan Stanley • earnings reports • bank • corporate earnings • investment banks

US Victims of Attacks in Israel Sue Swiss Bank

UBS gave Iran money
it knew would support terrorism, suit says

May 13, 08 8:47 AM CDT
(Newser) - American victims of attacks in Israel are suing Switzerland's biggest bank for helping fund militants by providing money to Iran, Reuters reports. The lawsuit says UBS AG gave loans to Iran even though it supports Hezbollah, Hamas, and Islamic Jihad. The plaintiffs seek $500 million in damages for some 50... More »

MORE ABOUT:
Iran • Israel • Hamas • Hezbollah • Switzerland • UBS • bank • militia • Islamic Jihad

 Man Tries to Cash $360B Check 

21-year-old says girlfriend's mother gave him the money

May 1, 08 2:39 PM CDT
(Newser) - A 21-year-old Texas man has been busted for attempting to deposit a $360 billion check, the Fort Worth Star-Telegram reports, stolen from his girlfriend's mother for, he claimed, the purpose of starting his own record label. Suspicious of the sum, the bank called the check’s owner. Arriving police found... More »

MORE ABOUT:
fraud • Texas • crime • bank • music label • bank fraud • check • check fraud

81 - 100 of 140 Stories | << Prev 1 2 3 4 5 6 7 Next >>


from our news partners