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Investment Banks Rush to the Gulf

News | online.wsj.com | 2 hours 7 minutes ago

Western investment banks rushing to the oil-rich Persian Gulf are struggling to compete with local, entrenched players for mandates, and fees are shrinking amid brisk competition.<img

http://online.wsj.com/article/SB121684173114478135.html?mod=rss_whats_news_us

Reinsurance renewal rates continue to drop

News | c.moreover.com | 3 hours 6 minutes ago

Property and liability reinsurance renewal rates in 2008 are continuing to decline, according to a Guy Carpenter & Company briefing. For property catastrophe covers, risk-adjusted price dropped between 10% and 20% relative to July 1, 2007, according to

http://c.moreover.com/click/here.pl?r1521522107

Allstate quarterly net drops 98%

News | www.marketwatch.com | 6 hours 43 minutes ago

Allstate Corp. reports a 98% drop in second-quarter net income as the auto and homeowners insurer suffers losses on some of its big mortgage-related investments and paid a record amount of catastrophe claims for this time of year.

http://www.marketwatch.com/news/story/story.aspx?guid=%7BF0BEA8DA%2D311C%2D49B6%2D9C59%2DEBEC4883F2EB%7D&siteid=rss

SEI Investments profit falls 34 percent on non-cash charge relate...

News | www.canadianbusiness.com | 8 hours 25 minutes ago

SEI Investments Co., which provides asset management and investment processing and operations soluti

http://www.canadianbusiness.com/markets/headline_news/article.jsp?content=D923P0M80

CLARO and MoviBanca deliver money transfers to your mobile phone

News | www.prlog.org | 9 hours 24 minutes ago

CLARO and MoviBanca deliver money transfers to your mobile phone. MoviBanca and Claro have jointly launched MoviCash, a new service available for people living in the U.S. or El Salvador.

http://www.prlog.org/10092932-claro-and-movibanca-deliver-money-transfers-to-your-mobile-phone.html

US bank rally

News | www.ft.com | 9 hours 28 minutes ago

How do you turn a $12.2bn loss into a 22 per cent gain? When Washington Mutual and Wachovia Bank reported dreadful results on Tuesday, their shares soared. The sector as a whole is up 6 per cent this week.

http://www.ft.com/cms/s/be3af978-58e9-11dd-a093-000077b07658,Authorised=false.html?_i_location=http%3A%2F%2Fwww.ft.com%2Fcms%2Fs%2F1%2Fbe3af978-58e9-11dd-a093-000077b07658.html&_i_referer=

America's Credit Unions Rescue American Homeowners... - Zibb.com

Press Release | www.zibb.com | 9 hours 49 minutes ago

For a number of reasons, mortgage bankers from many circles aren't getting much respect these days. In fact, mortgage brokers have joined the ranks of lawyers and dentists as some of the most dreaded professions. However, despite instability in the mortgage-banking arena, America's credit unions

http://www.zibb.com/article/3649179/America+s+Credit+Unions+Rescue+American+Homeowners

Toronto-Dominion to drop Commerce Bank name

News | uk.reuters.com | 10 hours 2 minutes ago

By Jonathan Stempel NEW YORK, July 23 (Reuters) - America's Most Convenient Bank will soon be named for a Canadian company. Toronto-Dominion Bank on Wednesday said it will drop plans

http://uk.reuters.com/article/bankingfinancial-SP/idUKN2334617020080723?feedType=RSS&feedName=bankingfinancial-SP

Sovereign Bancorp, Inc. Announces Second Quarter 2008 Results

Press Release | www.prnewswire.com | 16 hours 32 minutes ago

PHILADELPHIA, July 23 /PRNewswire-FirstCall/ -- Sovereign Bancorp, Inc. ("Sovereign" or "the Company") (NYSE: SOV), parent company of Sovereign Bank ("Bank"), today reported net income for the quarter ended June 30, 2008 of $127.4 million or $.22 per diluted share as compared to $100.1 million or $.

http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=109&STORY=/www/story/07-23-2008/0004854077&EDATE=

Antedate

News | www.investopedia.com | 16 hours 32 minutes ago

Antedate - Definition of Antedate on Investopedia - A date entered on a legal contract or check that is prior to the actual date of occurrence. An antedate can sometimes be used if a contract has been

http://www.investopedia.com/terms/a/antedate.asp