Month: October 2012

The Halloween Effect Could Give Stock Investors a Treat

Private Finance – The Halloween Effect Could Give Stock Investors a Treat
 A new study has found that stocks worldwide have performed better between November and April for centuries.
Kiplinger Private Finance – http://www.kiplinger.com/columns/value/archive/halloween-effect-gives-treats-to-stock-investors.html

What to do if Superstorm Sandy flooded your car

Private Finance – What to do if Superstorm Sandy flooded your car
 If your car was hurt by water during Cyclone Sandy, here are the next steps you need to take.
Private finance news – CNNMoney.com – http://rss.cnn.com/~r/rss/money_pf/~3/-wa8PlR9bpI/index.html

Orrstown Takes $19M Tax Charge in 3Q

Banking News – Orrstown Takes $19M Tax Charge in 3Q
&nbspOrrstown Fiscal Air force in Shippensburg, Pa., recorded a loss of $21.4 million in the third quarter, compared with a profit of $4.3 million a year earlier, the $1.3 billion-asset company said.
Union Banking – http://www.americanbanker.com/issues/177_209/orrstown-takes-19-million-tax-charge-in-3q-1053966-1.html

Talmer Goes to Court for Its Latest Bank Deal

Banking News – Talmer Goes to Court for Its Latest Bank Deal
&nbspWith the failed-bank market drying up, Midwestern consolidator Talmer enters a pestering-horse bid for a small Ohio bank weighed down by debts to the U.S. regime and trust-ideal holders.
Union Banking – http://www.americanbanker.com/issues/177_209/talmer-goes-to-court-for-its-latest-bank-deal-1053962-1.html

Old Line’s Results Improve on Loan Growth, Lower Costs

Banking News – Ancient Line’s Results Improve on Loan Growth, Lower Costs
&nbspOld Line Bancshares in Bowie, Md., reported higher third-quarter return as loan growth and reduced expenses fueled revenue.
Union Banking – http://www.americanbanker.com/issues/177_209/ancient-line-results-improve-on-loan-growth-lower-costs-1053956-1.html

First Banks in Mo. Reports Third Straight Quarterly Profit

Banking News – First Banks in Mo. Reports Third Honest Weekly Profit
&nbspThe $6.5 billion-asset company posted third-quarter return of $8.5 million, compared with a net loss of $2.1 million a year earlier.
Union Banking – http://www.americanbanker.com/issues/177_209/first-banks-reports-third-honest-weekly-profit-1053955-1.html

Banking Regulators Fight Back Against Agency Review Bill

Banking News – Banking Regulators Fight Back Against Agency Review Bill
&nbspTop regulators at the Fed, SEC, OCC, FDIC, CFPB and NCUA are warning that a Senate bill pending in the Land of your birth Wellbeing and Governmental Affairs Group would dent agency rulemaking power.
Union Banking – http://www.americanbanker.com/issues/177_209/banking-regulators-fight-back-against-agency-review-bill-1053952-1.html

Gulf Coast Bankers Eager to Share Hurricane Advice

Banking News – Gulf Coast Bankers Keen to Share Cyclone Advice
&nbspBankers in the Northeast must remain bendable and ready to roll up their sleeves in the upshot of Cyclone Sandy. That was the sweeping message from bankers from areas along the Gulf Coast and Florida who have been through a honest share of catastrophic storms.
Union Banking – http://www.americanbanker.com/issues/177_209/gulf-coast-bankers-keen-to-share-cyclone-advice-1053946-1.html

Banks Close Branches, Adjust Hours as Storm Approaches

Banking News – Banks Close Twigs, Adjust Hours as Storm Approaches
&nbspJPMorgan Chase, Citigroup, Bank of America and others in the path of Cyclone Sandy nonstop Monday to adjust their responses to the storm.
Union Banking – http://www.americanbanker.com/issues/177_209/banks-close-twigs-adjust-hours-as-cyclone-sandy-approaches-1053941-1.html

Branches Closed at Westchester Bank, But It’s Business as Usual – Almost

Banking News – Twigs Closed at Westchester Bank, But It’s Affair as Usual – Nearly
&nbspBecause its customers have already gravitated toward remote check capture and online wire transfers, affair is moving on honestly naturally at The Westchester Bank as Cyclone Sandy approaches.
Union Banking – http://www.americanbanker.com/issues/177_209/twigs-are-closed-at-westchester-bank-but-its-affair-as-usual-almos-1053940-1.html

Old National’s Earnings Rise on Cost Control

Banking News – Ancient Inhabitant’s Return Rise on Cost Control
&nbspOld Inhabitant Bancorp in Evansville, Ind., posted higher third-quarter income from a year earlier as it cut noninterest expenses.
Union Banking – http://www.americanbanker.com/issues/177_209/ancient-inhabitant-return-rise-on-cost-control-1053939-1.html

Banking Regulators Prepare for Hurricane Sandy

Banking News – Banking Regulators Prepare for Cyclone Sandy
&nbspAgencies based in Washington were mostly closed in anticipation of the storm, but officials said where doable support for banks and examiners would be made void.
Union Banking – http://www.americanbanker.com/issues/177_209/banking-regulators-prepare-for-cyclone-sandy-1053938-1.html

UBS shows lockout a risk worth taking

Banking News – UBS shows lockout a risk worth taking
&nbspMeasure is open to companies which are worried about keeping confidential in rank secret or defending itself against miserable staff
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/a1e713f8-22aa-11e2-938d-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Japanese minnow can make a big splash

Banking News – Japanese minnow can make a huge splash
&nbspTokyo bankers keep an eye on the country’s second ever rights issue with the process of raising capital needed now more than ever, writes Paul J. Davies
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/d80f45fc-21b2-11e2-b5d2-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Adoboli tells court of market pressures

Banking News – Adoboli tells court of market pressures
&nbspThe accused trader said he was ‘devastated’ at the losses caused to UBS and claimed they were not the result of corruption or falsified behaviour
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/34e16e88-22ba-11e2-938d-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

UBS chief bullish in the face of change

Banking News – UBS chief bullish in the face of change
&nbspAxel Weber is caught up in a declaration that has shocked the fiscal world – the most noteworthy fix of an investment bank since the fiscal crisis
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/0baac546-2292-11e2-b606-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Lyxor cuts fees as ETF price war spreads

Banking News – Lyxor cuts fees as ETF price war spreads
&nbspLyxor has cut fees on seven largest ETFs but dismisses suggestions that it could start an ETF price war in Europe
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/c85679ca-2287-11e2-b606-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Grant Capital Partners to shut down

Banking News – Grant Capital Partners to shut down
&nbspGeoff Grant, founder and chief investment officer of the $1bn US hedge fund manager, said he did not have an ‘edge’ in current markets
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/ee9bf96e-21d0-11e2-b5d2-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Shocked UBS staff take to Twitter

Banking News – Shocked UBS staff take to Twitter
&nbspEmployees claim their entry passes have already been deactivated and bankers are told they have been place on special leave
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/8d14cbf0-2282-11e2-8edf-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct