Month: November 2010

Banking News – Infographic: Retail Deposit Rates by Product Line
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Union Banking – http://www.americanbanker.com/issues/175_228/retail-deposit-rates-by-product-line-1029161-1.html

Banking News – Exec Leaves Peoples of Ohio
&nbspPeoples Bancorp Inc. in Marietta, Ohio, said in a Nov. 24 dictatorial filing that David Wesel is resigning his post at Peoples Bank, commanding Dec. 10.
Union Banking – http://www.americanbanker.com/issues/175_228/exec-leaves-peoples-of-ohio-1029160-1.html

Banking News – Oriental Next to Hike Bonus
&nbspOriental Fiscal Group Inc. in San Juan, Puerto Rico, has joined a handful of banking companies by raising its weekly bonus.
Union Banking – http://www.americanbanker.com/issues/175_228/oriental-next-to-hike-bonus-1029159-1.html

Banking News – Boston Private Picks Unit CEO
&nbspBoston Private Fiscal Worth Inc. has named an insider as the head and chief executive of the unit Borel Private Bank and Trust Co.
Union Banking – http://www.americanbanker.com/issues/175_228/boston-private-picks-unit-ceo-1029158-1.html

Banking News – NCUA Pay Raises Still Separating CEOs
&nbspThough some credit union CEOs take up again to express dismay at NCUA in the wake of its announced plot to expand its budget in 2011, others are saying pay increases are a needed …
Union Banking – http://www.americanbanker.com/issues/175_228/ncua-pay-raises-still-separating-ceos-1029157-1.html

Banking News – First Michigan, a Larger Fish After Acquisitions, Angles for Regional Status
&nbspIn less than a year First Michigan Bank has transformed itself from a tiny bank that focused on private banking to a regional player with twigs in two states and its sights …
Union Banking – http://www.americanbanker.com/issues/175_228/first-michigan-regional-status-1029155-1.html

Banking News – Pace of credit surge fuels Brazil worries
&nbspPlans are under way to keep closer track of consumer lending as the number of credit cards in the country has grown from about 28m in 2000 to about 153m this year
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/ae1333fa-fca5-11df-bfdd-00144feab49a.html?ftcamp=rss

Banking News – Aberdeen rules out buying rival Gartmore
&nbspAberdeen Asset Management rules out making an offer for its smaller rival Gartmore in favour of incremental additional room as it reports a near-150% rise in annual profits
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/4bdde37e-fc5a-11df-a9c5-00144feab49a.html?ftcamp=rss

Banking News – Electra plans £100m bond donation
&nbspFTSE-listed investment trust is to raise up to £100m through an issue of changeable bonds to take benefit of new investment opportunities
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/abc384ba-fc5f-11df-a9c5-00144feab49a.html?ftcamp=rss

Banking News – Choice manager on leave over fund probe
&nbspDiamondback Capital, one of three hedge funds raided by the FBI last week as part of a wide-ranging investigation into insider trading, has placed a choice manager on leave, the company said in a letter to investors
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/534e00a4-fc18-11df-b675-00144feab49a.html?ftcamp=rss

Banking News – Dotcom queen in exit from Wall Street
&nbspMary Meeker is leaving Morgan Stanley to join Kleiner Perkins Caufield & Byers
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/b9c2ce52-fbfd-11df-b7e9-00144feab49a.html?ftcamp=rss

Banking News – Trilantic Capital embraces new deals
&nbspThe private equity firm is poised to announce two new funds in Europe, buying control of Italian slot machine machinist Gamenet and taking a underground stake in Portuguese publisher Leya
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/3e7c4e5c-fbdb-11df-b7e9-00144feab49a.html?ftcamp=rss

Banking News – Execution Noble’s tie-up completes
&nbspSix months later than at the start probable, Banco Espirito Santo and Execution Noble have concluded deal in which the Portuguese bank has taken a margin stake in the UK securities group
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/cfe58e26-fbf4-11df-b7e9-00144feab49a.html?ftcamp=rss

Banking News – Davis to head investment lobbying at ABI
&nbspThe UK indemnity and asset management diligence body has hired web manufacturer and journalist Jonathan Davis as its boss of investment affairs, taking the place of Peter Montagnon
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/e3303250-fbe6-11df-b7e9-00144feab49a.html?ftcamp=rss

Banking News – Gramercy sets up office in London
&nbspThe US emerging markets-focused hedge fund that shot to eminence through its valuable trading of Argentine regime bonds is making a noteworthy push into Europe
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/6aa926b2-fbf4-11df-b7e9-00144feab49a.html?ftcamp=rss

Banking News – Blunder reveals carbon trading data
&nbspLCH.Clearnet admits that ‘confidential in rank’ about carbon emanation trading, counting the names of party traders, was mistakenly in print on the internet
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/dc85ee10-fbe9-11df-b7e9-00144feab49a.html?ftcamp=rss

Banking News – Goldman challenged on trading code
&nbspSergey Aleynikov, who is accused of stealing Goldman Sachs’ source code, argued that he was permanent up to the bank’s proprietary claims on open-source code
FT.com – Banks – http://www.ft.com/cms/s/0/f470d830-fcb3-11df-bfdd-00144feab49a.html?ftcamp=rss

Banking News – Brussels blocks early ING refund
&nbspEuropean antitrust regulators are blocking plans by the Dutch banking and indemnity group to make an early refund of about €1.2bn of hybrid capital to private investors
FT.com – Banks – http://www.ft.com/cms/s/0/8286034e-fc5e-11df-a9c5-00144feab49a.html?ftcamp=rss

Banking News – First State plans to raise $300m in IPO
&nbspFirst Republiv a California bank formerly top secret by Merrill Lynch, announced it was seeking to raise up to $300m in an initial public donation
FT.com – Banks – http://www.ft.com/cms/s/0/f29a6bfa-fc15-11df-b675-00144feab49a.html?ftcamp=rss

Banking News – Execution Noble’s tie-up completes
&nbspSix months later than at the start probable, Banco Espirito Santo and Execution Noble have concluded deal in which the Portuguese bank has taken a margin stake in the UK securities group
FT.com – Banks – http://www.ft.com/cms/s/0/cfe58e26-fbf4-11df-b7e9-00144feab49a.html?ftcamp=rss