Month: April 2013

Banking News – Profits Fell 34% at Hudson City in New Jersey
&nbspHudson City Bancorp in Paramus, N.J., reported a 34% decline in weekly profit as it waits for regulators to approve its sale to M&T Bank.
Union Banking – http://www.americanbanker.com/issues/178_83/profits-fell-34-percent-at-hudson-city-in-new-jersey-1058758-1.html

Banking News – CEOs Get Another Raise, Just Not as Huge, as Banks Be in difficulties
&nbspMedian chief executive pay raises slowed from the year before but look healthy compared with inactive revenues and languishing stock prices.
Union Banking – http://www.americanbanker.com/issues/178_83/CEOs_get_another_raise_just_not_as_big_as_banks_flounder-1058755-1.html

Banking News – Osborne warns BoE against curbing growth
&nbspChancellor’s remit for FPC reflects concern that unnecessary focus on making bank system shockproof could make ‘fiscal stability of a burial ground’
FT.com – Banks – http://www.ft.com/cms/s/0/5bd92878-b1b2-11e2-9315-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Osborne warns BoE against curbing growth
&nbspChancellor’s remit for FPC reflects concern that unnecessary focus on making bank system shockproof could make ‘fiscal stability of a burial ground’
FT.com – Banks – http://www.ft.com/cms/s/0/5bd92878-b1b2-11e2-9315-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – ?migr? Sells 29 Twigs to Apple Bank in New York
&nbspThe sale, announced in July and concluded Tuesday, built-in $3.2 billion in deposits. Fiscal terms of the deal were anonymous.
Union Banking – http://www.americanbanker.com/issues/178_83/?migr?-sells-29-twigs-to-apple-bank-in-new-york-1058754-1.html

Banking News – ENRC faced 11th-hour hitch over listing
&nbspThe controversial London flotation of the Kazakhstan-based miner encountered a last-minute hurdle after auditors found prove that records had been anecdotal or hurt
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/14f274dc-b194-11e2-b324-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – ENRC faced 11th-hour hitch over listing
&nbspThe controversial London flotation of the Kazakhstan-based miner encountered a last-minute hurdle after auditors found prove that records had been anecdotal or hurt
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/14f274dc-b194-11e2-b324-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – ENRC faced 11th-hour hitch over listing
&nbspThe controversial London flotation of the Kazakhstan-based miner encountered a last-minute hurdle after auditors found prove that records had been anecdotal or hurt
FT.com – Banks – http://www.ft.com/cms/s/0/14f274dc-b194-11e2-b324-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – ENRC faced 11th-hour hitch over listing
&nbspThe controversial London flotation of the Kazakhstan-based miner encountered a last-minute hurdle after auditors found prove that records had been anecdotal or hurt
FT.com – Banks – http://www.ft.com/cms/s/0/14f274dc-b194-11e2-b324-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Falling Return on Equity Threatens Investment Bank Units: Report
&nbspMany large money-making banks must choose how to adapt their investment banking units to keep pace with varying set of laws that could shrink ROE further, according to a report from BCG.
Union Banking – http://www.americanbanker.com/issues/178_83/falling-return-on-equity-threatens-investment-bank-units-1058753-1.html

Banking News – UK Reserves fears £9bn bank crisis fund
&nbspThe go would require Mr Osborne to tap diligence for a pledge and deposit indemnity fund matching at least 1 per cent of covered deposits
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/3151c36c-b1b7-11e2-b324-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – UK Reserves fears £9bn bank crisis fund
&nbspThe go would require Mr Osborne to tap diligence for a pledge and deposit indemnity fund matching at least 1 per cent of covered deposits
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/3151c36c-b1b7-11e2-b324-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – CFPB Makes More Changes to Allowance Rule
&nbspThe Consumer Fiscal Safeguard Bureau revised its final rule on global money transfers on Tuesday in an effort to lift the falling in line burden on small banks.
Union Banking – http://www.americanbanker.com/issues/178_83/cfpb-makes-more-changes-to-allowance-rule-1058751-1.html

Banking News – Spain’s bankers reap pension jackpot
&nbspBonuses may be smaller than everyplace else, but the departure of Santander’s Alfredo Sáenz as highlighted how the elite delight in giant retirement refund
FT.com – Banks – http://www.ft.com/cms/s/0/d3ad94bc-b1ba-11e2-b324-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Spain’s bankers reap pension jackpot
&nbspBonuses may be smaller than everyplace else, but the departure of Santander’s Alfredo Sáenz as highlighted how the elite delight in giant retirement refund
FT.com – Banks – http://www.ft.com/cms/s/0/d3ad94bc-b1ba-11e2-b324-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_banks%2Ffeed%2F%2Fproduct

Banking News – Ancient Line Bancshares Weighed Down by Expenses in 1Q
&nbspExpenses weighed down Ancient Line Bancshares in the first quarter. Return at the $869 million-asset company in Bowie, Md., fell 27.8% from a year earlier, to $1.3 million, or 19 cents per share.
Union Banking – http://www.americanbanker.com/issues/178_83/ancient-line-bancshares-weighed-down-by-expenses-in-1Q-1058745-1.html

Banking News – McGraw-Hill reveals $77m S&P agreement
&nbspRevenues rise 14 per cent to $1.18bn, while net income stands at $736m. The bottom line is boosted by a $612m gain on the sale of the culture affair
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/97d716bc-b187-11e2-9315-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct

Banking News – McGraw-Hill reveals $77m S&P agreement
&nbspRevenues rise 14 per cent to $1.18bn, while net income stands at $736m. The bottom line is boosted by a $612m gain on the sale of the culture affair
Fiscal Times – Fiscal Air force – http://www.ft.com/cms/s/0/97d716bc-b187-11e2-9315-00144feabdc0.html?ftcamp=published_links%2Frss%2Fcompanies_financial-air force%2Ffeed%2F%2Fproduct