Zibb.com: Finance/Banks, Banking & Credit Industry (Industry News & Blogs)

Online software is the key to successful remote working

Tue, 24 Nov 2009 05:13:26 GMT

For businesses with geographically dispersed teams, online software is essential to overcome the barriers of distance, say two British companies. ...

Worry over new credit card applications

Tue, 24 Nov 2009 05:13:26 GMT

Almost 40 per cent of people are reluctant to apply for credit cards because they are worried about tarnishing their credit score.This is according to a poll by Confused.com, which also revealed that just 25

China BAK Battery Fourth Quarter Fiscal 2009 Earnings Conference ...

Tue, 24 Nov 2009 03:32:00 GMT

SHENZHEN, China, Nov. 23 /PRNewswire-FirstCall/ -- China BAK Battery Inc. (Nasdaq: CBAK - News), one of the largest lithium-ion battery cell manufacturers in the world, as

China regulator warns banks on capital requirement

Tue, 24 Nov 2009 02:53:00 GMT

After months of rapid loan growth, China’s banking regulator is warning the nation’s lenders to strictly comply with capital requirements or face sanctions.

Apollo moves towards NYSE, revenues rise

Tue, 24 Nov 2009 02:38:01 GMT

* Revenues jump to $213.7 mln for quarter * Fund VI IRR declines from 2008 numbers * Filing part of long-pursued plan to list on NYSE By Megan Davies NEW YORK, Nov 23 (Reuters) - Private equity

Goldman's Non-Apology

Tue, 24 Nov 2009 02:07:14 GMT

Goldman Sachs's chief executive, Lloyd C. Blankfein, on some level seems to understand that an apology is in order. But his recent remarks do not come close to an apology, The New York Times's editorial board opines.

FT.com / Companies / Travel & Leisure - Banks eager to support cl...

Tue, 24 Nov 2009 02:00:00 GMT

The latest retailing and leisure company news from the Financial Times, with expert industry analysis on FT.com

Australian government unveils new carbon trade scheme

Tue, 24 Nov 2009 01:49:11 GMT

CANBERRA (Reuters) - Australia's government boosted carbon trade compensation to big emitters, coal companies and electricity generators, under a deal offered to opposition lawmakers and unveiled by Prime

U.S. miner to develop major chromite play in Ontario

Tue, 24 Nov 2009 01:15:00 GMT

Cliffs Natural Resources buys Canadian miner with plans for project that could help revive sector in Northern Ontario's Ring of Fire region

One-man-band is now the name of the game

Tue, 24 Nov 2009 00:00:00 GMT

One-man-band is now the name of the game - THE commercial property sector has not escaped the downsizing that has hit business generally as a result of the recession but a new niche sector has emerged in Scotland – small companies, often one-person operations, which have been set up by well-known

Recovery will be fragile and unpredictable: Bank’s Sentance

Mon, 23 Nov 2009 23:27:15 GMT

Economics Bank of England, growth, IMF, Sentance, emerging markets

Rothstein investor George Levin speaks

Mon, 23 Nov 2009 23:16:52 GMT

The largest investor involved in Scott Rothstein’s alleged Ponzi scheme, Fort Lauderdale millionaire George G. Levin, commented on the scandal for the first time Monday.

J.C. Flowers & Co. Strengthens Presence In Europe and Asia Pacifi...

Mon, 23 Nov 2009 23:11:00 GMT

J.C. Flowers & Co. Strengthens Presence In Europe and Asia Pacific With Two Senior Appointments.

IMF leader Dominique Strauss-Kahn says public will not tolerate a...

Mon, 23 Nov 2009 22:52:01 GMT

The public will not bail out the financial services sector for a second time if another global crisis blows up four or five years from now, the managing director of the International Monetary Fund (IMF) warned business leaders yesterday.

Freddie Mac may take big hit from failed finance firms

Mon, 23 Nov 2009 22:29:30 GMT

4, when Freddie terminated the relationship. Three weeks later, TBW filed for bankruptcy and announced plans to wind down its operations, according to the securities filing. As of Sept.

MBS CLOSE: 4.5 MBS At Highest Levels Since May 6th

Mon, 23 Nov 2009 22:25:00 GMT

A blog featuring up to the minute commentary on mortgage rates and the mortgage backed securites markets.

Washington Banking selling $30M in stock

Mon, 23 Nov 2009 22:17:08 GMT

Oak Harbor-based Washington Banking (NASDAQ: WBCO), the parent of Whidbey Island Bank, said the net proceeds “will qualify as both tangible common equity and regulatory Tier 1 capital and will be used for general corporate purposes.”

SWBC Mortgage extends regional operations with acquisition

Mon, 23 Nov 2009 22:06:17 GMT

With the acquisition, the company also gained 52 additional employees and seven new offices in Savannah, Ga; Killeen, Texas; Brentwood, Tenn.; Oklahoma City; and Hot Springs, Ark. SWBC Mortgage Corp.

ICB Financial Third Quarter 2009 Financial Performance - Zibb.com

Mon, 23 Nov 2009 21:56:00 GMT

ICB Financial (OTC Bulletin Board: ICBN) and its wholly owned subsidiary, Inland Community Bank, N.A. (the "Bank"), reported special charges to earnings to bolster reserves during the quarter ended September 30, 2009. This action was taken in response to the continuing stress in both the

BofA stops matching retirees’ donations

Mon, 23 Nov 2009 21:35:27 GMT

But dropping retirees from the matching program will take its toll on Bay Area nonprofits. BofA matched contributions of more than $25 million to nonprofits nationwide last year.

BofA Provides Workouts for 100,000 Borrowers

Mon, 23 Nov 2009 21:02:32 GMT

Bank of America (BA: 52.45 +1.45%) gave mortgage relief to 100,000 eligible homeowners with certain Countrywide subprime and option-adjustable-rate mortgages (ARM) under its National Homeownership Retention Program (NHRP).BofA started the program 10 months ago. According to its most recent

Martin Zorn named CAO of Tennessee Commerce Bancorp.

Mon, 23 Nov 2009 20:58:00 GMT

Tennessee Commerce Bancorp, Inc. has appointed Martin Zorn as Chief Administrative Officer, effective Nov. 30. He will report to President Michael Sapp.

Ill. cracks down on predatory refund anticipation loans

Mon, 23 Nov 2009 20:47:44 GMT

Illinois Gov. Pat Quinn said Monday he has ordered his secretary of financial and professional regulation, Brent Adams, to bar consumer installment lenders from facilitating high-cost loans based on expected federal or state income tax refunds.

People's United: Expanding into Equipment Leasing

Mon, 23 Nov 2009 20:37:25 GMT

Michael Terry submits:People's United Financial Inc. (PBCT) agreed to acquire Financial Federal Corp. (