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Title: Financial Services/Banking Services - Topix: Banking News about the banking industry, collected from various sources on the web. [RSS]
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Banking News http://www.topix.com/business/banking http://www.topix.com/rss/business/banking.xml Banking news continually updated from thousands of sources around the net. en-us Copyright 2008, Topix Topix http://www.topix.com/ http://www.topix.com/pics/topix_homepage_logo2.png Video: Bush on 250 million investment in banks.| Bankwide.com http://www.topix.com/business/banking/2008/10/video-bush-on-250-million-investment-in-banks?fromrss=1 Tue, 14 Oct 2008 16:10:02 GMT 081014UORSPD 1 Northern Rock directors and auditors escape legal action http://www.topix.com/business/banking/2008/10/northern-rock-directors-and-auditors-escape-legal-action?fromrss=1 Northern Rock is dropping a potential legal claim against its former chief executive, Adam Applegarth, and other directors, saying there are "insufficient grounds to proceed". Northern Rock customers line up to ...]]> Telegraph.co.uk Tue, 14 Oct 2008 13:02:24 GMT 081014F04D69 0 Meltdown 101: The Dow Jones Industrial Average http://www.topix.com/business/banking/2008/10/meltdown-101-the-dow-jones-industrial-average?fromrss=1 By JOE BEL BRUNO NEW YORK - Amid weeks of stock market turmoil, many worried investors have been tracking the daily trajectory of the Dow Jones industrial average like never before.]]> Black Enterprise Tue, 14 Oct 2008 08:45:30 GMT 081014V0R4FT 0 U.S. Said to Invest in Citigroup, Goldman, Bank America, JPMorgan, Wells http://www.topix.com/business/banking/2008/10/u-s-said-to-invest-in-citigroup-goldman-bank-america-jpmorgan-wells?fromrss=1 The Bush administration will announce a plan to rescue frozen credit markets that includes spending about half of a total of $250 billion for preferred shares of nine major banks, people briefed on the matter ...]]> Bloomberg.com Tue, 14 Oct 2008 04:40:59 GMT 081013MN0SO0 0 M&I to buy Miami money manager http://www.topix.com/business/banking/2008/10/m-i-to-buy-miami-money-manager?fromrss=1 Marshall & Ilsley Corp. said Monday that it has agreed to buy a majority interest in Taplin, Canida & Habacht Inc.]]> St. Louis Business Journal Tue, 14 Oct 2008 00:23:10 GMT 0810133B8RS8 0 Stocks climb on bailout plans http://www.topix.com/business/banking/2008/10/stocks-climb-on-bailout-plans?fromrss=1 European stocks rallied, with the Dow Jones Stoxx 600 Index rebounding from its worst week on record, as governments in Europe , the U.S. and Asia agreed to support banks.]]> Irish Independent Mon, 13 Oct 2008 20:21:24 GMT 081013TB6125 0 Morgan Stanley, MUJF Renegotiating Deal http://www.topix.com/business/banking/2008/10/morgan-stanley-mujf-renegotiating-deal?fromrss=1 Japan's Mitsubishi UFJ Financial Group , which watched Morgan Stanley's share price plunge 58 percent last week, is amending its $9 billion deal to include only convertible preferred shares and no common stock, ...]]> KCOL-AM Fort Collins Mon, 13 Oct 2008 16:08:19 GMT 081013PCSPD2 0 Australian shares up by six percent http://www.topix.com/business/banking/2008/10/australian-shares-up-by-six-percent?fromrss=1 Oct. 13 - Shares rise in early morning trade after the government extended a blanket guarantee to all bank deposits.]]> Reuters Mon, 13 Oct 2008 11:46:49 GMT 0810130EEETM 0 Central banks in Europe announce unlimited dollar financing http://www.topix.com/business/banking/2008/10/central-banks-in-europe-announce-unlimited-dollar-financing?fromrss=1 Central banks in Europe announced they would provide unlimited amounts of dollar loans over periods ranging from one week to 84 days.]]> The Standard Mon, 13 Oct 2008 07:41:28 GMT 0810131QO9RE 0 Banco Santander in Sovereign Bancorp talks: report http://www.topix.com/business/banking/2008/10/banco-santander-in-sovereign-bancorp-talks-report?fromrss=1 Spokesmen at Sovereign and Santander declined comment on the report. The Journal, citing people familiar with the matter, said the two banks hope to have a deal in place by Monday, with Santander expected to ...]]> Globeinvestor.com Mon, 13 Oct 2008 03:21:21 GMT 081012QUBNTN 0 Fed Approves Wells Fargo Takeover of Wachovia http://www.topix.com/business/banking/2008/10/fed-approves-wells-fargo-takeover-of-wachovia?fromrss=1 The Federal Reserve on Sunday gave its stamp of approval to the takeover of Wachovia Corp by Wells Fargo & Co of San Francisco, which had battled New York-based Citigroup for ownership of the wounded bank.]]> 97.1 ZHT Sun, 12 Oct 2008 23:06:04 GMT 081012BL9EAG 0 Europe would guarantee inter-bank loans: draft declaration http://www.topix.com/business/banking/2008/10/europe-would-guarantee-inter-bank-loans-draft-declaration?fromrss=1 The declaration says the governments would guarantee "for an interim period and on appropriate commercial terms" new interbank loans between private institutions for the next five years.]]> The Globe and Mail Sun, 12 Oct 2008 19:00:23 GMT 081012642L9T 0 Swiss tradition as a safe haven in troubled times gives country a big cushion http://www.topix.com/business/banking/2008/10/swiss-tradition-as-a-safe-haven-in-troubled-times-gives-country-a-big-cushion?fromrss=1 The multibillion-dollar losses incurred by UBS AG and Credit Suisse Group over the past year have pointed up their vulnerability to the same afflictions faced by other major international banks.]]> The China Post Sun, 12 Oct 2008 14:51:40 GMT 081012O0L9UH 0 Hudson woman arrested for Catskill burglary http://www.topix.com/business/banking/2008/10/hudson-woman-arrested-for-catskill-burglary?fromrss=1 The Greene County Sheriff's Office arrested a second individual Thursday in connection with an investigation into a burglary at the Catskill Country Club.]]> Register-Star Sun, 12 Oct 2008 10:32:24 GMT 081012AIBIJ4 0 Stocks on Wall Street Hammered Anew http://www.topix.com/business/banking/2008/10/stocks-on-wall-street-hammered-anew?fromrss=1 Stocks on Wall Street recovered from the worst of a massive early selloff Friday, but the major indices remained deep in the red as credit-crisis induced fears continued to weigh on investor sentiment.]]> TheStreet.com Sun, 12 Oct 2008 06:19:26 GMT 0810117U9HBE 0 Wisconsin Offers Free Classes to Help Manage Money http://www.topix.com/business/banking/2008/10/wisconsin-offers-free-classes-to-help-manage-money?fromrss=1 Hundreds of free events to help Wisconsin consumers better manage their money will be held next week.]]> WSAW Sun, 12 Oct 2008 02:08:30 GMT 081011JH5TGP 0 Chemical Financial expects third-quarter loss http://www.topix.com/business/banking/2008/10/chemical-financial-expects-third-quarter-loss?fromrss=1 Blaming growing loan losses, Chemical Financial Corp. expects to post a loss when it reports quarterly results later this month.]]> Ann Arbor News Sat, 11 Oct 2008 21:54:39 GMT 081011JQ6976 0 G-7 announces plan to fight global financial crisis http://www.topix.com/business/banking/2008/10/g-7-announces-plan-to-fight-global-financial-crisis?fromrss=1 Finance officials from the Group of Seven announced here Friday a plan of action to battle the ongoing global financial crisis.]]> CCTV Sat, 11 Oct 2008 17:40:10 GMT 081011LL43OT 0 Banks lower prime rates on Ottawa's mortgage plan http://www.topix.com/business/banking/2008/10/banks-lower-prime-rates-on-ottawas-mortgage-plan?fromrss=1 Following up an announced government plan to buy mortgages from Canadian banks, a number of lenders on Friday announced plans to cut their prime rates - though by differing degrees.]]> National Post Sat, 11 Oct 2008 13:39:08 GMT 0810112CFNG3 0 All banks will pass on rates cut http://www.topix.com/business/banking/2008/10/all-banks-will-pass-on-rates-cut?fromrss=1 All of the main banks with a presence in Ireland have confirmed that they are going to pass on the full half a percentage point interest rate cut announced yesterday by the European Central Bank.]]> RTE Sat, 11 Oct 2008 09:22:29 GMT 081011M8HNIC 0
 

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