Copyright (c) 2008 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1272 Business - Financial/Banking Industry en-us Thu, 21 Aug 2008 20:23:49 GMT 5 142 18 http://news.yahoo.com/i/1272 http://us.i1.yimg.com/us.yimg.com/i/us/nws/th/main_142b.gif http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080821/ap_on_bi_ge/mortgage_giants_crisis ap/20080821/mortgage_giants_crisis AP Thu, 21 Aug 2008 20:23:49 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080821/ap_on_bi_ge/mortgage_giants_crisis"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080821/2008_08_20t102017_450x305_us_fannie_freddie_shares.jpg?x=130&y=88&q=85&sig=9zRs3VH5_kB4_FHCrGWJrg--" align="left" height="88" width="130" alt="The headquarters of mortgage lender Fannie Mae is shown in Washington in this file photo from October 3, 2006. (Jason Reed/Files/Reuters)" border="0" /></a>AP - A government rescue of Fannie Mae and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions in preferred shares of the mortgage finance giants as assets.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080821/ap_on_bi_ge/mortgage_giants_crisis"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080821/2008_08_20t102017_450x305_us_fannie_freddie_shares.jpg?x=130&y=88&q=85&sig=9zRs3VH5_kB4_FHCrGWJrg--" align="left" height="88" width="130" alt="photo" title="The headquarters of mortgage lender Fannie Mae is shown in Washington in this file photo from October 3, 2006. (Jason Reed/Files/Reuters)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080820/pl_nm/indymac_schumer_dc nm/20080820/indymac_schumer_dc Reuters Wed, 20 Aug 2008 22:51:42 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080820/pl_nm/indymac_schumer_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080821/2008_08_20t204634_450x336_us_indymac_schumer.jpg?x=130&y=97&q=85&sig=RwlEh8GmT3.aoVjze998HA--" align="left" height="97" width="130" alt="Senator Charles Schumer (D-NY) listens to testimony from Federal Reserve Chairman Ben Bernanke during a hearing on the state of the economy on Capitol Hill, November 8, 2007. (Jason Reed/Reuters)" border="0" /></a>Reuters - California's attorney general is reviewing a request by former employees of IndyMac Bancorp Inc to investigate whether a New York senator triggered the bank's collapse by releasing confidential information.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080820/pl_nm/indymac_schumer_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080821/2008_08_20t204634_450x336_us_indymac_schumer.jpg?x=130&y=97&q=85&sig=RwlEh8GmT3.aoVjze998HA--" align="left" height="97" width="130" alt="photo" title="Senator Charles Schumer (D-NY) listens to testimony from Federal Reserve Chairman Ben Bernanke during a hearing on the state of the economy on Capitol Hill, November 8, 2007. (Jason Reed/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080819/bs_nm/usa_banks_crisis_dc nm/20080819/usa_banks_crisis_dc Reuters Tue, 19 Aug 2008 21:59:52 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080819/bs_nm/usa_banks_crisis_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080819/2008_08_19t010623_450x320_us_usa_banks_crisis.jpg?x=130&y=92&q=85&sig=zyyWkRbKmRhW3fPEVmpO_A--" align="left" height="92" width="130" alt="The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)" border="0" /></a>Reuters - The worst of the global financial crisis is yet to come and a large U.S. bank will fail in the next few months as the world's biggest economy hits further troubles, former IMF chief economist Kenneth Rogoff said on Tuesday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080819/bs_nm/usa_banks_crisis_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080819/2008_08_19t010623_450x320_us_usa_banks_crisis.jpg?x=130&y=92&q=85&sig=zyyWkRbKmRhW3fPEVmpO_A--" align="left" height="92" width="130" alt="photo" title="The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080819/ap_on_bi_ge/japan_central_bank ap/20080819/japan_central_bank AP Tue, 19 Aug 2008 10:51:29 GMT AP - Japan's central bank chief said Tuesday he expects the world's second-largest economy to stay stagnant for the time being but denied it was headed toward the sort of deep slump that crippled the country in the 1990s. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080819/bs_nm/banks_china_preview_dc nm/20080819/banks_china_preview_dc Reuters Tue, 19 Aug 2008 07:40:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080819/bs_nm/banks_china_preview_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080819/2008_08_19t034504_450x299_us_banks_china_preview.jpg?x=130&y=86&q=85&sig=80.bQYEyQwy1C3Hbxjoe9Q--" align="left" height="86" width="130" alt="A man walks past a branch of Industrial and Commercial Bank of China (ICBC) Asia in Hong Kong April 3, 2007. (Paul Yeung/Reuters)" border="0" /></a>Reuters - China's huge state banks are poised to report strong profit growth for the first half in 2008, thanks to wider margins and strong fee income, but funding costs are expected to rise in the second half, eroding growth.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080819/bs_nm/banks_china_preview_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080819/2008_08_19t034504_450x299_us_banks_china_preview.jpg?x=130&y=86&q=85&sig=80.bQYEyQwy1C3Hbxjoe9Q--" align="left" height="86" width="130" alt="photo" title="A man walks past a branch of Industrial and Commercial Bank of China (ICBC) Asia in Hong Kong April 3, 2007. (Paul Yeung/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080818/bs_afp/worldbankwtotradedisputefarmpoverty afp/20080818/worldbankwtotradedisputefarmpoverty AFP Mon, 18 Aug 2008 21:47:30 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080818/bs_afp/worldbankwtotradedisputefarmpoverty"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080818/capt.cps.nie90.180808234638.photo00.photo.default-512x359.jpg?x=130&y=91&q=85&sig=d90A8Xmf60CX7AJDynDyVA--" align="left" height="91" width="130" alt="World Bank chief Robert Zoellick, pictured in June 2008, on Monday suggested limits for a proposed agricultural safeguard that torpedoed WTO trade talks last month, saying the world's poor need a successful Doha Round.(AFP/File/Mandel Ngan)" border="0" /></a>AFP - World Bank chief Robert Zoellick on Monday suggested limits for a proposed agricultural safeguard that torpedoed WTO trade talks last month, saying the world's poor need a successful Doha Round.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080818/bs_afp/worldbankwtotradedisputefarmpoverty"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080818/capt.cps.nie90.180808234638.photo00.photo.default-512x359.jpg?x=130&y=91&q=85&sig=d90A8Xmf60CX7AJDynDyVA--" align="left" height="91" width="130" alt="photo" title="World Bank chief Robert Zoellick, pictured in June 2008, on Monday suggested limits for a proposed agricultural safeguard that torpedoed WTO trade talks last month, saying the world's poor need a successful Doha Round.(AFP/File/Mandel Ngan)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080818/pl_nm/trade_wto_zoellick_dc nm/20080818/trade_wto_zoellick_dc Reuters Mon, 18 Aug 2008 16:43:34 GMT Reuters - The head of the World Bank added his voice on Monday to those calling for a revival of last month's abortive world trade talks. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080818/bs_nm/cba_bankwest_dc nm/20080818/cba_bankwest_dc Reuters Mon, 18 Aug 2008 07:10:46 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080818/bs_nm/cba_bankwest_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080818/2008_08_17t230502_450x294_us_cba_bankwest.jpg?x=130&y=84&q=85&sig=V89enL8CW290875jotL67w--" align="left" height="84" width="130" alt="A couple walk past Commonwealth Bank automatic teller machines in Melbourne August 13, 2008. (Mick Tsikas/Reuters)" border="0" /></a>Reuters - Commonwealth Bank of Australia (CBA) , the country's No. 2 bank by assets, may offer over A$6 billion ($5.2 billion) to British bank HBOS Plc for its Australian unit BankWest, the Australian newspaper reported on Monday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080818/bs_nm/cba_bankwest_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080818/2008_08_17t230502_450x294_us_cba_bankwest.jpg?x=130&y=84&q=85&sig=V89enL8CW290875jotL67w--" align="left" height="84" width="130" alt="photo" title="A couple walk past Commonwealth Bank automatic teller machines in Melbourne August 13, 2008. (Mick Tsikas/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080815/ap_on_bi_ge/banks_auction_rate_securities ap/20080815/banks_auction_rate_securities AP Fri, 15 Aug 2008 19:14:56 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080815/ap_on_bi_ge/banks_auction_rate_securities"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080814/capt.cps.nhg84.140808214600.photo00.photo.default-512x331.jpg?x=130&y=84&q=85&sig=qcpTjrbfm4apnj9cF7QAWg--" align="left" height="84" width="130" alt="The JPMorgan Chase building in midtown Manhattan in New York City. US banks JPMorgan Chase and Morgan Stanley joined other large banks Thursday in agreeing to buy back billions of dollars of stressed securities from investors, New York officials said.(AFP/Getty Images/File/Chris Hondros)" border="0" /></a>AP - New York Attorney General Andrew Cuomo said Friday he sent a letter to Merrill Lynch & Co. notifying the investment bank that his office will file suit against it imminently as part of an investigation into the collapse of the auction-rate securities market.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080815/ap_on_bi_ge/banks_auction_rate_securities"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080814/capt.cps.nhg84.140808214600.photo00.photo.default-512x331.jpg?x=130&y=84&q=85&sig=qcpTjrbfm4apnj9cF7QAWg--" align="left" height="84" width="130" alt="photo" title="The JPMorgan Chase building in midtown Manhattan in New York City. US banks JPMorgan Chase and Morgan Stanley joined other large banks Thursday in agreeing to buy back billions of dollars of stressed securities from investors, New York officials said.(AFP/Getty Images/File/Chris Hondros)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080815/bs_afp/usbankingprobecompanywachoviaregulate afp/20080815/usbankingprobecompanywachoviaregulate AFP Fri, 15 Aug 2008 17:47:41 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080815/bs_afp/usbankingprobecompanywachoviaregulate"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080815/capt.cps.nhm70.150808194207.photo00.photo.default-512x346.jpg?x=130&y=87&q=85&sig=uqtrS8DNG9T0ifxjbM7rSQ--" align="left" height="87" width="130" alt="Pedestrians walk past a Wachovia bank in July 2008 in New York City. Wachovia has become the latest US bank to agree to buy back billions of dollars of tainted auction rate securities that it sold before a market collapse in February, US officials announced Friday.(AFP/Getty Images/File/Chris Hondros)" border="0" /></a>AFP - Wachovia has become the latest US bank to agree to buy back billions of dollars of tainted auction rate securities that it sold before a market collapse in February, US officials announced Friday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080815/bs_afp/usbankingprobecompanywachoviaregulate"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080815/capt.cps.nhm70.150808194207.photo00.photo.default-512x346.jpg?x=130&y=87&q=85&sig=uqtrS8DNG9T0ifxjbM7rSQ--" align="left" height="87" width="130" alt="photo" title="Pedestrians walk past a Wachovia bank in July 2008 in New York City. Wachovia has become the latest US bank to agree to buy back billions of dollars of tainted auction rate securities that it sold before a market collapse in February, US officials announced Friday.(AFP/Getty Images/File/Chris Hondros)" border="0"/></a></p><br clear="all"/> (AFP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080815/bs_nm/auctionrate_wachovia_dc nm/20080815/auctionrate_wachovia_dc Reuters Fri, 15 Aug 2008 16:03:26 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080815/bs_nm/auctionrate_wachovia_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080815/2008_08_15t112609_450x333_us_auctionrate_wachovia.jpg?x=130&y=96&q=85&sig=n3ksg1UALwHOjBlPCI8TCA--" align="left" height="96" width="130" alt="A woman walks out of a branch of Wachovia bank in Santa Monica, California, April 14, 2008. (Lucy Nicholson/Reuters)" border="0" /></a>Reuters - Wachovia Corp plans to buy back $9 billion in auction-rate debt, the latest in a series of settlements by major banks to restore liquidity to the market following an investigation by six U.S. states.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080815/bs_nm/auctionrate_wachovia_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080815/2008_08_15t112609_450x333_us_auctionrate_wachovia.jpg?x=130&y=96&q=85&sig=n3ksg1UALwHOjBlPCI8TCA--" align="left" height="96" width="130" alt="photo" title="A woman walks out of a branch of Wachovia bank in Santa Monica, California, April 14, 2008. (Lucy Nicholson/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080812/ap_on_bi_ge/jpmorgan_outlook ap/20080812/jpmorgan_outlook AP Tue, 12 Aug 2008 22:25:00 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080812/ap_on_bi_ge/jpmorgan_outlook"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080813/2008_08_12t020510_450x305_us_jpmorgan_outlook.jpg?x=130&y=88&q=85&sig=GKXGypsMvDAxXyAyw5.l8A--" align="left" height="88" width="130" alt="People walk past the JPMorgan Chase and Co building in New York March 17, 2008. (Chip East/Reuters)" border="0" /></a>AP - JPMorgan Chase & Co. shares tumbled nearly 10 percent Tuesday as the bank's disclosure about escalating losses in its mortgage portfolio set off new concerns about the health of the overall financial sector. An analyst's lowering of the bank's earnings estimates and price target contributed to the decline.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080812/ap_on_bi_ge/jpmorgan_outlook"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080813/2008_08_12t020510_450x305_us_jpmorgan_outlook.jpg?x=130&y=88&q=85&sig=GKXGypsMvDAxXyAyw5.l8A--" align="left" height="88" width="130" alt="photo" title="People walk past the JPMorgan Chase and Co building in New York March 17, 2008. (Chip East/Reuters)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080812/bs_nm/thomsonreuters_dc nm/20080812/thomsonreuters_dc Reuters Tue, 12 Aug 2008 16:59:53 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080812/bs_nm/thomsonreuters_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080812/2008_08_12t114436_450x318_us_thomsonreuters.jpg?x=130&y=91&q=85&sig=PJEZqi9E5tsdwtMicTy5AQ--" align="left" height="91" width="130" alt="The front of The New York Stock Exchange displays the new Thomson Reuters logo as the stock is traded for the first time in New York April 17, 2008. (Brendan McDermid/Reuters)" border="0" /></a>Reuters - News and information publisher Thomson Reuters Corp reported slower revenue growth as the U.S. credit crisis forced investment banks to cut budgets and lay off thousands of workers, sending its shares down 5 percent.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080812/bs_nm/thomsonreuters_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080812/2008_08_12t114436_450x318_us_thomsonreuters.jpg?x=130&y=91&q=85&sig=PJEZqi9E5tsdwtMicTy5AQ--" align="left" height="91" width="130" alt="photo" title="The front of The New York Stock Exchange displays the new Thomson Reuters logo as the stock is traded for the first time in New York April 17, 2008. (Brendan McDermid/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080812/bs_nm/ubs_dc nm/20080812/ubs_dc Reuters Tue, 12 Aug 2008 16:19:17 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080812/bs_nm/ubs_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080813/2008_08_11t190259_450x286_us_ubs.jpg?x=130&y=82&q=85&sig=qnXYACHx_SHHwTCgKSjnMw--" align="left" height="82" width="130" alt="The logo of Swiss bank UBS is seen on a building in Zurich July 8, 2008. (Arnd Wiegmann/Reuters)" border="0" /></a>Reuters - UBS will separate its troubled investment bank from its prized wealth management arm, paving the way to sell the business that made it Europe's biggest casualty of the credit crunch.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080812/bs_nm/ubs_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080813/2008_08_11t190259_450x286_us_ubs.jpg?x=130&y=82&q=85&sig=qnXYACHx_SHHwTCgKSjnMw--" align="left" height="82" width="130" alt="photo" title="The logo of Swiss bank UBS is seen on a building in Zurich July 8, 2008. (Arnd Wiegmann/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/bankofamerica_countrywide_ftc_dc nm/20080811/bankofamerica_countrywide_ftc_dc Reuters Mon, 11 Aug 2008 22:37:55 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/bankofamerica_countrywide_ftc_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080812/2008_08_11t183703_450x343_us_bankofamerica_countrywide_ftc.jpg?x=130&y=99&q=85&sig=PxBddzrv2W8QeQ1HFy2IkQ--" align="left" height="99" width="130" alt="A Countrywide branch location is seen in Burlington, Massachusetts May 5, 2008. (Brian Snyder/Reuters)" border="0" /></a>Reuters - Countrywide Financial Corp, which was the largest U.S. mortgage lender before being acquired by Bank of America Corp , faces a Federal Trade Commission probe into whether its loan-servicing activities violated federal law.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/bankofamerica_countrywide_ftc_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080812/2008_08_11t183703_450x343_us_bankofamerica_countrywide_ftc.jpg?x=130&y=99&q=85&sig=PxBddzrv2W8QeQ1HFy2IkQ--" align="left" height="99" width="130" alt="photo" title="A Countrywide branch location is seen in Burlington, Massachusetts May 5, 2008. (Brian Snyder/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/auctionrate_newyork_dc nm/20080811/auctionrate_newyork_dc Reuters Mon, 11 Aug 2008 22:25:40 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/auctionrate_newyork_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080811/2008_08_11t123534_312x450_us_auctionrate_newyork.jpg?x=90&y=130&q=85&sig=OcaTe4tDe_huGjcaAi2LcA--" align="left" height="130" width="90" alt="New York Attorney General Andrew Cuomo attends a press conference in New York June 5, 2008. (Chip East/Reuters)" border="0" /></a>Reuters - New York Attorney General Andrew Cuomo's office, investigating Wall Street's sales of auction-rate securities to investors, on Monday told JPMorgan Chase & Co , Morgan Stanley and Wachovia Corp that it wants to begin settlement talks immediately.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/auctionrate_newyork_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080811/2008_08_11t123534_312x450_us_auctionrate_newyork.jpg?x=90&y=130&q=85&sig=OcaTe4tDe_huGjcaAi2LcA--" align="left" height="130" width="90" alt="photo" title="New York Attorney General Andrew Cuomo attends a press conference in New York June 5, 2008. (Chip East/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/wachovia_jobs_dc nm/20080811/wachovia_jobs_dc Reuters Mon, 11 Aug 2008 23:01:40 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/wachovia_jobs_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080812/2008_08_11t171350_450x333_us_wachovia_jobs.jpg?x=130&y=96&q=85&sig=6oZV3VrCpjctCqStLVDpew--" align="left" height="96" width="130" alt="A Wachovia Bank branch is seen in Denver July 22, 2008. (Rick Wilking/Reuters)" border="0" /></a>Reuters - Wachovia Corp increased its previously reported second-quarter loss to $9.11 billion to cover costs to settle a probe of auction-rate securities sales, and said it will cut more jobs as the housing market deteriorates.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20080811/bs_nm/wachovia_jobs_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080812/2008_08_11t171350_450x333_us_wachovia_jobs.jpg?x=130&y=96&q=85&sig=6oZV3VrCpjctCqStLVDpew--" align="left" height="96" width="130" alt="photo" title="A Wachovia Bank branch is seen in Denver July 22, 2008. (Rick Wilking/Reuters)" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080811/ap_on_bi_go_ec_fi/bank_lending ap/20080811/bank_lending AP Mon, 11 Aug 2008 21:13:05 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080811/ap_on_bi_go_ec_fi/bank_lending"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080805/2008_07_29t134547_450x334_us_usa_fed.jpg?x=130&y=96&q=85&sig=cxNPTuFPhV0_.aWYBWaD.A--" align="left" height="96" width="130" alt="Police officer Joseph Washington secures the area near the Federal Reserve Building in Washington June 25, 2008. (Yuri Gripas/Reuters)" border="0" /></a>AP - More banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20080811/ap_on_bi_go_ec_fi/bank_lending"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080805/2008_07_29t134547_450x334_us_usa_fed.jpg?x=130&y=96&q=85&sig=cxNPTuFPhV0_.aWYBWaD.A--" align="left" height="96" width="130" alt="photo" title="Police officer Joseph Washington secures the area near the Federal Reserve Building in Washington June 25, 2008. (Yuri Gripas/Reuters)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/bw/20080811/bs_bw/aug2008bs20080810989302 bw/20080811/aug2008bs20080810989302 BusinessWeek Online Mon, 11 Aug 2008 12:08:41 GMT BusinessWeek Online - Recruiters at Harris Williams & Co. usually spend July and August handling a small stack of resumes and gearing up for the fall hiring season. But this summer, things have been far from quiet at the boutique investment banking firm in Richmond, Va. More than 300 resumes have landed on Stevie McFadden's desk this summer -- and that's not counting the dozens of casual inquiries she's received from prospective job applicants and MBA students. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080810/bs_afp/bankbankingcrisisregulate afp/20080810/bankbankingcrisisregulate AFP Sun, 10 Aug 2008 05:16:48 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080810/bs_afp/bankbankingcrisisregulate"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080810/capt.cps.nfz18.100808071000.photo00.photo.default-512x325.jpg?x=130&y=82&q=85&sig=cltnnj8mVPmr5tkfvnrplQ--" align="left" height="82" width="130" alt="The April meeting of G7 finance ministers at the US Treasury Department in Washington. The global financial crisis may have sparked calls for markets and governments to be more tightly regulated, but a year after the credit crunch hit reforms are still a long way off, analysts said.(AFP/IMF/File/Stephen Jaffe)" border="0" /></a>AFP - The global financial crisis may have sparked calls for markets and governments to be more tightly regulated, but a year after the credit crunch hit reforms are still a long way off, analysts said.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20080810/bs_afp/bankbankingcrisisregulate"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080810/capt.cps.nfz18.100808071000.photo00.photo.default-512x325.jpg?x=130&y=82&q=85&sig=cltnnj8mVPmr5tkfvnrplQ--" align="left" height="82" width="130" alt="photo" title="The April meeting of G7 finance ministers at the US Treasury Department in Washington. The global financial crisis may have sparked calls for markets and governments to be more tightly regulated, but a year after the credit crunch hit reforms are still a long way off, analysts said.(AFP/IMF/File/Stephen Jaffe)" border="0"/></a></p><br clear="all"/> (AFP)