Month: March 2011

Banking News – SEC Proposes Rules Requiring Listing Values for Compensation Committees and Compensation Consultants
&nbspThe Securities and Chat Fee today voted across the world to propose rules directing the inhabitant securities exchanges to adopt certain listing values related to the compensation group of a company’s board of directors as well as its compensation advisers, as vital by the Dodd-Frank Wall Street Reform and Consumer Safeguard Act.
SEC.gov Updates: Press Releases – http://www.sec.gov/news/press/2011/2011-78.htm

Banking News – Agencies Seek Comment on Projected Rule on Incentive Compensation
&nbspFederal fiscal dictatorial agencies request public comment on a joint projected rule to ensure that corresponding fiscal institutions design their incentive compensation provision to take account of risk.
SEC.gov Updates: Press Releases – http://www.sec.gov/news/press/2011/2011-77.htm

Banking News – MBank of Oregon Gets Aid from Investors
&nbspMB Acquisition agreed to buy $20M to $30M of newly issued common stock to help the Gresham, Ore., bank meet the minimum capital ratio equipment in its dictatorial orders.
Union Banking – http://www.americanbanker.com/issues/176_62/mbank-of-oregon-1035249-1.html

Banking News – Taylor Capital Turns Again to Investors
&nbspTaylor Capital Group said Tuesday that it raised $25 million in a private position with investors, which built-in the Chicago company’s chairman, Bruce Taylor.
Union Banking – http://www.americanbanker.com/issues/176_62/taylor-capital-1035244-1.html

Banking News – First Boldness in Ohio Raises $20M
&nbspFirst Boldness Fiscal has $19.6M of fresh equity. The Boldness, Ohio, company said that it sold 1.6M shares, counting 208,800 shares for over-allotments, at $13.25 a share.
Union Banking – http://www.americanbanker.com/issues/176_62/first-boldness-1035243-1.html

Banking News – Center in New Jersey Names Stable CFO
&nbspCenter Bancorp Inc. in Union, N.J., said Wednesday that it promoted an insider to become its chief fiscal officer.
Union Banking – http://www.americanbanker.com/issues/176_62/center-fiscal-1035242-1.html

Banking News – Hawthorn of Missouri Swings to 2010 Loss
&nbspHawthorn Bancshares Inc. in Lee’s Summit, Mo., reported a loss of $5.5 million for 2010 after posting a profit a year earlier.
Union Banking – http://www.americanbanker.com/issues/176_62/hawthorn-of-missouri-1035241-1.html

Banking News – Fed Takes Action Against New York Company
&nbspThe Federal Reserve has ordered First American Global Corp. to serve as a source of might to its Brooklyn, N.Y., bank.
Union Banking – http://www.americanbanker.com/issues/176_62/fed-takes-action-against-ny-co-1035240-1.html

Banking News – Apoplexy at Dodd-Frank
&nbspRegulators and small bank advocates seem to be losing the psychological battle over the Dodd-Frank Act, despite recent efforts to cool bankers.
Union Banking – http://www.americanbanker.com/issues/176_62/apoplexy-at-dodd-frank-1035239-1.html

Banking News – LSE faces growing evaluation of Canada deal
&nbspThe LSE has seen a pick-up trading in its main affair in the last three months, even as challenger grew in Canada to its projected deal to buy TMX Group, owner of the Toronto stock chat
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/e72c018a-5b69-11e0-b965-00144feab49a.html?ftcamp=rss

Banking News – Buffett defends protégé’s actions
&nbspDavid Sokol, the chairman of several of Berkshire’s most prominent worth resigned just weeks after the company agreed to hold Lubrizol – a affair in which he held stock
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/b75a6950-5b24-11e0-b2a1-00144feab49a.html?ftcamp=rss

Banking News – Minister to unveil changes to ‘pre-packs’
&nbspOwners of affair that go bust could find it harder to keep control through so-called pre-pack administrations as new proposals to amend UK insolvency laws are to be announced
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/c8b36a4e-5b01-11e0-a290-00144feab49a.html?ftcamp=rss

Banking News – Taylor Wimpey completes sale of US affair
&nbspTaylor Wimpey completes the $1bn sale of its North American affair, bringing to an end a radical fix of the UK’s second-largest housebuilder by volume
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/82245ade-5b56-11e0-b965-00144feab49a.html?ftcamp=rss

Banking News – Market abuzz over Glencore IPO timing
&nbspTalk about the imminent initial public donation of Glencore, the cargo trading house, is growing louder but timing of the periodical remains unclear
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/c249482e-5b68-11e0-b965-00144feab49a.html?ftcamp=rss

Banking News – Rajaratnam boasts about Goldman loss tip
&nbspProsecutors played a recorded phone call in which Raj Rajaratnam, the founder of Galleon Group, is heard telling a colleague that he was told by a board member of Goldman Sachs that the bank would report a loss for the quarter.
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/4808d544-5af9-11e0-a290-00144feab49a.html?ftcamp=rss

Banking News – Hedge funds feel repercussions of Japan’s quake
&nbspMan Group’s flagship $22bn quant fund is far from alone in getting caught out, but explosive nature caused by the catastrophe is not seen as a long-term problem
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/86ad35ca-5af3-11e0-a290-00144feab49a.html?ftcamp=rss

Banking News – Growing risk to ‘terrible bank’ loans
&nbspRichard Banks, chief executive of the body with dependability for the ‘terrible bank’ loans of Northern Rock and Bradford & Bingley, has warned of the growing risks to retrieving £50bn of UK taxpayers’ money
FT.com – Banks – http://www.ft.com/cms/s/0/fb160aba-5b69-11e0-b965-00144feab49a.html?ftcamp=rss

Banking News – Dimon warns of bank ‘nail in coffin’
&nbspJamie Dimon, chief executive of JPMorgan Chase, launched a attack against fiscal parameter on Wednesday, warning that new capital rules could be “the nail in our coffin for huge American banks”
FT.com – Banks – http://www.ft.com/cms/s/0/3157bcbe-5b05-11e0-a290-00144feab49a.html?ftcamp=rss

Banking News – Banco Base merger deal collapses
&nbspSmaller banks second-hand the merger after they realised that a new society was in need of so much capital
FT.com – Banks – http://www.ft.com/cms/s/0/4f9b5aa8-5b07-11e0-a290-00144feab49a.html?ftcamp=rss

Banking News – Advisers huge and small jockey for spot
&nbspHas dealmaking’s balance of power shifted away from institutions with huge balance sheets towards self-determining advisers, or boutiques?
FT.com – Banks – http://www.ft.com/cms/s/0/b59fbf46-5af4-11e0-a290-00144feab49a.html?ftcamp=rss