Month: October 2010

Banking News – Welsh fund backs small businesses
&nbspFinance Wales, a public-private fund which specialises in the market overlooked by most banks, is bucking the trend and has been sprinting to keep up with the sector’s demand for credit
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/db325570-e542-11df-8e0d-00144feabdc0.html?ftcamp=rss

Banking News – Two divisions merge with KPMG Europe
&nbspMove by the accountancy firm’s partners in Norway and Saudi Arabia will give extra momentum to the consolidation of ‘huge four’ accountancy networks across the continent
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/818df9a2-e542-11df-8e0d-00144feabdc0.html?ftcamp=rss

Banking News – Private groups face new accounting rules
&nbspA plotted revamp of the UK and Irish fiscal exposure system will usher in the FRSME rules, which are based on the global ordinary for small and medium-sized entities
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/d55151d8-e542-11df-8e0d-00144feabdc0.html?ftcamp=rss

Banking News – India’s rapid growth lures global investors
&nbspStocks, such as the recent Coal India listing, and mergers and acquisitions are attracting heavy shareholder appeal
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/30774cfe-e519-11df-8e0d-00144feabdc0.html?ftcamp=rss

Banking News – Oaktree buys stakes in two shipping groups
&nbspThe private equity firm has paid $100m for a margin stake in Dubai-based Gulmar, and invested €200m in Beluga, which both need cash to pay for new vessels
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/938e8450-e533-11df-8e0d-00144feabdc0.html?ftcamp=rss

Banking News – Fiscal Outlook: Markets braced for US moves
&nbspCrucial fiscal and fiscal decisions are to be taken by the Federal Reserve this week as details of a second round of quantitative easing are announced
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/72d470de-e37c-11df-8ad3-00144feabdc0.html?ftcamp=rss

Banking News – China revisits the QDII scheme
&nbspThe return of QDII volume and the growing diversification of harvest is probable to make new opportunities for foreign asset managers, as concern mounts over inflation in China
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/ed040c0c-e386-11df-8ad3-00144feabdc0.html?ftcamp=rss

Banking News – Hedgies lose in Middle East
&nbspMiddle East investors are moving away from hedge funds and funds of hedge funds after getting their fingers burned, preferring to place their money into emerging markets.
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/f80f971a-e386-11df-8ad3-00144feabdc0.html?ftcamp=rss

Banking News – Bank-owned funds ‘used as props’
&nbspThe investigate raises questions as to whether bank-owned fund managers are acting in the wellbeing of their investors or their shareholders and, potentially, whether their actions might constitute illegal price support
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/0f0c154c-e387-11df-8ad3-00144feabdc0.html?ftcamp=rss

Banking News – Ireland steps back into the ring
&nbspOver the course of the fiscal crisis, the Irish regime’s policy towards the banks has swung from velocity to interference. Its push for a confrontation with junior bondholders in Anglo Irish Bank shows Dublin is on the attacking again
FT.com – Banks – http://www.ft.com/cms/s/0/971c7582-e529-11df-8e0d-00144feabdc0.html?ftcamp=rss

Banking News – Flawed Basel III could boost toxic control
&nbspBasel III would not only still permit vast amounts of control, but the toxic element of the latter may shoot upwards as banks take benefit of the flawed risk events certified by policymakers
FT.com – Banks – http://www.ft.com/cms/s/0/781a0864-e387-11df-8ad3-00144feabdc0.html?ftcamp=rss

Banking News – Bank-owned funds ‘used as props’
&nbspThe investigate raises questions as to whether bank-owned fund managers are acting in the wellbeing of their investors or their shareholders and, potentially, whether their actions might constitute illegal price support
FT.com – Banks – http://www.ft.com/cms/s/0/0f0c154c-e387-11df-8ad3-00144feabdc0.html?ftcamp=rss

Banking News – Regulators add to bank bond uncertainty
&nbspDebate over Basel III capital equipment has depressed demand
FT.com – Banks – http://www.ft.com/cms/s/0/24a0bea8-e387-11df-8ad3-00144feabdc0.html?ftcamp=rss

Banking News – Expectations of inflation return
&nbspWhereas saving was beyond doubt the talking point of the summer, the tide has in the last few months begun to shift greatly, perhaps due to the hints of a second round of quantitative easing
FT.com – Banks – http://www.ft.com/cms/s/0/1b2d7cee-e387-11df-8ad3-00144feabdc0.html?ftcamp=rss

Banking News – Loss Balloons at Sun Bancorp of New Jersey
&nbspLosses at Sun Bancorp Inc. in Vineland, N.J., swelled in the third quarter, to $75.3 million, from $6.5 million a year earlier.
Union Banking – http://www.americanbanker.com/issues/175_209/loss-balloons-at-sun-bancorp-1027892-1.html

Banking News – United Western to Raise $103 Million
&nbspUnited Western Bancorp announced Friday that it had entered into best agreements for $103M, with $9M coming from Henry “Ric” Duques, the conniving owner of Legent …
Union Banking – http://www.americanbanker.com/issues/175_209/united-western-to-raise-103M-1027891-1.html

Banking News – CenterState Unit Merger Wins Praise
&nbspCenterState Banks in Winter Haven, Fla., said it has expected praise to merge three of its subsidiary banks into a single charter.
Union Banking – http://www.americanbanker.com/issues/175_209/centerstate-unit-merger-wins-praise-1027890-1.html

Banking News – First Place Cites Exam in News Delay
&nbspFirst Place Fiscal Corp. said a dictatorial examination was behind its declaration to postpone the release of its results for its fiscal 1Q, which finished Sept. 30.
Union Banking – http://www.americanbanker.com/issues/175_209/first-place-cites-exam-in-reports-delay-1027889-1.html

Banking News – AmericanWest, Seller in Rare Type of Deal, Takes Insolvency Court Route
&nbspAmericanWest last week announced the sale of its banking subsidiary to a heavily capitalized shareholder group, SKBHC Worth, in a insolvency court bidding course of action.
Union Banking – http://www.americanbanker.com/issues/175_209/amwest-takes-insolvency-court-route-1027888-1.html

Banking News – F&C gets boost from acquisition
&nbspAssets under management at the UK group rise 13.5% to £108.2bn, helped by its hold of Thames River Capital, the boutique investment group, which was concluded in September
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/305a9d1e-e368-11df-97db-00144feabdc0.html?ftcamp=rss