Archive

Archive for June, 2009

UPDATE 1-M.Stanley, MUFG in loan sharing alliance

June 30th, 2009
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* Loan-sharing program would have more than $100 billion

financials

AIG gets new directors at subdued annual meeting

June 30th, 2009
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NEW YORK (Reuters) – American International Group Inc got a new slate of government-backed directors at a subdued annual meeting on Tuesday, effectively revamping its board after the insurer’s $180 billion taxpayer bailout.

financials

FDIC guidelines on private equity expected

June 30th, 2009
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NEW YORK/WASHINGTON, June 30 (Reuters) – The Federal
Deposit Insurance Corp is expected on Thursday to propose new
guidelines for private-equity investors seeking to buy failed
banks, a move that could see strict new rules imposed.

financials

UPDATE 3-Paramount talks to rivals on combining DVD ops-source

June 30th, 2009
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* Several studios said to be involved in talks
(Adds analyst comment)

financials

Big Banks Refuse to Yield on Their Deposit Pricing

June 30th, 2009
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Driven by a demand for deposits, and bolstered by funding from the Tarp, the 19 largest banking companies in the country would break with tradition and pay higher-than-average …

financials

Once Hot, Now C&I Is Losing Steam

June 30th, 2009
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If the latest data on commercial and industrial lending could be translated into sound, it would be a giant hissing noise.

financials

Regions Selling Receivable Unit

June 30th, 2009
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The $142 billion-asset Birmingham, Ala., company said that it has an agreement to sell Regions Interstate Billing Service to Bank Independent in Sheffield, Ala.

financials

Lloyds Cuts Costs with More Job Losses

June 30th, 2009
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Britain’s biggest mortgage lender plans to cut about 2,100 jobs at its group operations and wholesale units, bringing the total number of positions the bank has …

financials

HSBC Exec Sees Crisis of Trust

June 30th, 2009
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HSBC Holdings Chairman Stephen Green said the “financial crisis is still far from over” and urged bankers to regain trust from customers and society as a whole.

financials

Nazi Stealth Jet Could Have Won War for Hitler

June 30th, 2009
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Called the Horten 229, the radical ‘flying wing’ fighter-bomber looked and acted a lot like the U.S. Air Force’s current B-2 — right down to the ’stealth’ radar-evading characteristics.

financials