Yahoo! News: Business - Banking Industry Copyright (c) 2009 Yahoo! Inc. All rights reserved. http://news.yahoo.com/i/1272 business Business - Banking Industry en-us Fri, 03 Jul 2009 00:01:23 GMT 5 Yahoo! News 142 18 http://news.yahoo.com/i/1272 http://l.yimg.com/a/i/us/nws/th/main_142b.gif 7 more banks fail as FDIC mulls rules for sales (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090703/ap_on_bi_ge/us_fdic_failed_banks ap/20090703/us_fdic_failed_banks AP business Fri, 03 Jul 2009 00:01:23 GMT AP - Six Illinois banks and one bank in Texas were shuttered Thursday as government regulators proposed new rules for private equity firms seeking to take over failed banks. Bank of America sets $713 million TARP payment (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090702/ap_on_bi_ge/us_bank_of_america_tarp ap/20090702/us_bank_of_america_tarp AP business Thu, 02 Jul 2009 21:45:25 GMT AP - Bank of America Corp. said Thursday its board has authorized roughly $713 million in dividend payments to the U.S. government under the troubled asset relief program. Siemens to pay $100 million to fight graft: World Bank (AFP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090702/bs_afp/germanyworldbankcompanycorruptionsiemens afp/20090702/germanyworldbankcompanycorruptionsiemens AFP business Thu, 02 Jul 2009 19:38:13 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090702/bs_afp/germanyworldbankcompanycorruptionsiemens"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246563438357-1-0.jpg?x=130&y=77&q=85&sig=F91pswUuxZsl0AsglvhpBA--" align="left" height="77" width="130" alt="The logo of German engineering and electronics group Siemens in Munich. German industrial giant Siemens will pay 100 million dollars over 15 years into a fund to fight corruption after probes revealed fraud at its subsidiaries, the World Bank said Thursday.(AFP/DDP/File/Oliver Lang)" border="0" /></a>AFP - German industrial giant Siemens will pay 100 million dollars over 15 years into a fund to fight corruption after probes revealed fraud at its subsidiaries, the World Bank said Thursday.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090702/bs_afp/germanyworldbankcompanycorruptionsiemens"><img src="http://d.yimg.com/a/p/afp/20090702/capt.photo_1246563438357-1-0.jpg?x=130&y=77&q=85&sig=F91pswUuxZsl0AsglvhpBA--" align="left" height="77" width="130" alt="photo" title="The logo of German engineering and electronics group Siemens in Munich. German industrial giant Siemens will pay 100 million dollars over 15 years into a fund to fight corruption after probes revealed fraud at its subsidiaries, the World Bank said Thursday.(AFP/DDP/File/Oliver Lang)" border="0"/></a></p><br clear="all"/> (AFP) FDIC proposes tough private equity guidelines (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090702/bs_nm/us_financial_banks_fdic nm/20090702/us_financial_banks_fdic Reuters business Thu, 02 Jul 2009 19:16:26 GMT Reuters - Private equity groups seeking to buy failed U.S. banks would have to maintain very high capital levels and remain owners for three years under tough guidelines proposed on Thursday that some bank regulators fear could deter needed investment. World Bank commits $58.8 bln to battle crisis (AFP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090701/bs_afp/financeeconomyworldbankfund afp/20090701/financeeconomyworldbankfund AFP business Wed, 01 Jul 2009 19:13:28 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090701/bs_afp/financeeconomyworldbankfund"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246475582329-1-0.jpg?x=86&y=130&q=85&sig=ivNPhqA4K_TN_2VHqCR_8A--" align="left" height="130" width="86" alt="World Bank President Robert B. Zoellick is pictured in May 2009. The World Bank said Wednesday it had allocated a record 58.8 billion dollars in the fiscal year just ended as it scrambled to help countries cope with the global economic crisis.(AFP/LEHTIKUVA/File/Heikki Saukkomaa)" border="0" /></a>AFP - The World Bank said Wednesday it had allocated a record 58.8 billion dollars in the fiscal year just ended as it scrambled to help countries cope with the global economic crisis.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090701/bs_afp/financeeconomyworldbankfund"><img src="http://d.yimg.com/a/p/afp/20090701/capt.photo_1246475582329-1-0.jpg?x=86&y=130&q=85&sig=ivNPhqA4K_TN_2VHqCR_8A--" align="left" height="130" width="86" alt="photo" title="World Bank President Robert B. Zoellick is pictured in May 2009. The World Bank said Wednesday it had allocated a record 58.8 billion dollars in the fiscal year just ended as it scrambled to help countries cope with the global economic crisis.(AFP/LEHTIKUVA/File/Heikki Saukkomaa)" border="0"/></a></p><br clear="all"/> (AFP) Japan's Shinsei and Aozora Banks agree to merge (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090701/ap_on_bi_ge/as_japan_bank_merger ap/20090701/as_japan_bank_merger AP business Wed, 01 Jul 2009 12:17:18 GMT AP - Japan's Shinsei Bank Ltd. and Aozora Bank Ltd. — two money-losing midsize lenders with major U.S. stakeholders — have agreed to merge, the companies said Wednesday. BofA's asset management unit gets lukewarm bids: report (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090701/bs_nm/us_bankofamerica_unitsale nm/20090701/us_bankofamerica_unitsale Reuters business Wed, 01 Jul 2009 05:04:25 GMT Reuters - Bank of America Corp's primary investment management unit is drawing lower than expected bids after its likeliest suitor, BlackRock Inc , inked a blockbuster deal to buy Barclays Global Investor , the Financial Times reported, citing people close to the matter. BofA denies that practices hurt consumers (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090630/ap_on_bi_ge/us_bank_of_america_fees ap/20090630/us_bank_of_america_fees AP business Tue, 30 Jun 2009 22:07:05 GMT AP - Bank of America Corp. denied accusations that its retail practices pressure consumers into needlessly costly products that contributed to the credit crisis. Crisis far from over: World Bank chief (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090630/bs_nm/us_worldbank_zoellick nm/20090630/us_worldbank_zoellick Reuters business Tue, 30 Jun 2009 18:04:24 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090630/bs_nm/us_worldbank_zoellick"><img src="http://d.yimg.com/a/p/rids/20090630/i/r136607639.jpg?x=130&y=86&q=85&sig=YAVMPoa_yetu3PCal.AhoQ--" align="left" height="86" width="130" alt="Robert Zoellick, president, The World Bank Group, speaks at the International Economic Forum of the Americas conference in Montreal June 8, 2009. REUTERS/Christinne Muschi" border="0" /></a>Reuters - World Bank President Robert Zoellick said on Tuesday that financial markets are showing signs of stabilization, but warned that the global crisis was far from over in developing countries.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090630/bs_nm/us_worldbank_zoellick"><img src="http://d.yimg.com/a/p/rids/20090630/i/r136607639.jpg?x=130&y=86&q=85&sig=YAVMPoa_yetu3PCal.AhoQ--" align="left" height="86" width="130" alt="photo" title="Robert Zoellick, president, The World Bank Group, speaks at the International Economic Forum of the Americas conference in Montreal June 8, 2009. REUTERS/Christinne Muschi" border="0"/></a></p><br clear="all"/> (Reuters) Bank of America accused of anti-consumer practices (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090630/bs_nm/us_bankofamerica_protest nm/20090630/us_bankofamerica_protest Reuters business Tue, 30 Jun 2009 17:02:00 GMT Reuters - Consumer and labor groups demanded Bank of America Corp and other lenders reform their sales practices so that workers under pressure to meet sales quotas do not saddle customers with costly and unnecessary products. Bank employees protest 'anti-consumer' practices (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090629/ap_on_bi_ge/us_banks_retail_banking_reform ap/20090629/us_banks_retail_banking_reform AP business Mon, 29 Jun 2009 23:05:36 GMT AP - Risky bank policies that contributed to the financial crisis were as common in neighborhood branches as they were on Wall Street, according to a labor-backed coalition that will propose new reforms Tuesday. Kosovo joins IMF, World Bank amid independence row (AFP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090629/pl_afp/imfworldbankstructurekosovopolitics afp/20090629/imfworldbankstructurekosovopolitics AFP business Mon, 29 Jun 2009 20:38:16 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090629/pl_afp/imfworldbankstructurekosovopolitics"><img src="http://d.yimg.com/a/p/afp/20090629/capt.photo_1246301639017-1-0.jpg?x=130&y=87&q=85&sig=h5NnS83pMrCxQ2oTeKfEtg--" align="left" height="87" width="130" alt="Prime Minister of Kosovo Hashim Thaci (L) signs Articles of Agreement of International Monetary Fund (IMF) as President of Kosovo Fatmir Sejdiu (R) looks on during a signing ceremony at the State Department in Washington, DC. By signing the agreement, Kosovo officially became a member of the IMF and the World Bank.(AFP/Getty Images/Alex Wong)" border="0" /></a>AFP - Kosovo joined the International Monetary Fund and the World Bank on Monday, a little more than a year after its disputed independence from Serbia.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090629/pl_afp/imfworldbankstructurekosovopolitics"><img src="http://d.yimg.com/a/p/afp/20090629/capt.photo_1246301639017-1-0.jpg?x=130&y=87&q=85&sig=h5NnS83pMrCxQ2oTeKfEtg--" align="left" height="87" width="130" alt="photo" title="Prime Minister of Kosovo Hashim Thaci (L) signs Articles of Agreement of International Monetary Fund (IMF) as President of Kosovo Fatmir Sejdiu (R) looks on during a signing ceremony at the State Department in Washington, DC. By signing the agreement, Kosovo officially became a member of the IMF and the World Bank.(AFP/Getty Images/Alex Wong)" border="0"/></a></p><br clear="all"/> (AFP) Kosovo joins IMF, World Bank (AFP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090629/pl_afp/imfworldbankstructurekosovojoin afp/20090629/imfworldbankstructurekosovojoin AFP business Mon, 29 Jun 2009 18:54:51 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090629/pl_afp/imfworldbankstructurekosovojoin"><img src="http://d.yimg.com/a/p/afp/20090629/capt.photo_1246301639017-1-0.jpg?x=130&y=87&q=85&sig=h5NnS83pMrCxQ2oTeKfEtg--" align="left" height="87" width="130" alt="Prime Minister of Kosovo Hashim Thaci (L) signs Articles of Agreement of International Monetary Fund (IMF) as President of Kosovo Fatmir Sejdiu (R) looks on during a signing ceremony at the State Department in Washington, DC. By signing the agreement, Kosovo officially became a member of the IMF and the World Bank.(AFP/Getty Images/Alex Wong)" border="0" /></a>AFP - Kosovo joined the International Monetary Fund and the World Bank on Monday, becoming the 186th member of the multilateral institutions a little more than a year after independence.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/afp/20090629/pl_afp/imfworldbankstructurekosovojoin"><img src="http://d.yimg.com/a/p/afp/20090629/capt.photo_1246301639017-1-0.jpg?x=130&y=87&q=85&sig=h5NnS83pMrCxQ2oTeKfEtg--" align="left" height="87" width="130" alt="photo" title="Prime Minister of Kosovo Hashim Thaci (L) signs Articles of Agreement of International Monetary Fund (IMF) as President of Kosovo Fatmir Sejdiu (R) looks on during a signing ceremony at the State Department in Washington, DC. By signing the agreement, Kosovo officially became a member of the IMF and the World Bank.(AFP/Getty Images/Alex Wong)" border="0"/></a></p><br clear="all"/> (AFP) Court: State can apply some laws to national banks (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090629/ap_on_go_su_co/us_supreme_court_banks ap/20090629/us_supreme_court_banks AP business Mon, 29 Jun 2009 18:23:14 GMT AP - The Supreme Court on Monday ruled that states can apply some of their own laws to big national banks operating within their borders, a decision proponents called a huge win for consumers and for states seeking more power to regulate financial activities. Central bankers urge move from stimulus to reform (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090629/ap_on_bi_ge/central_banks ap/20090629/central_banks AP business Mon, 29 Jun 2009 12:53:14 GMT AP - The Bank for International Settlements urged governments Monday to move away from "staggering" stimulus packages as the global economy stabilizes and focus instead on reforming the international financial system. Bank of NY Mellon sees writedowns, 2009 profit: report (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090627/bs_nm/us_bankofnewyorkmellon nm/20090627/us_bankofnewyorkmellon Reuters business Sat, 27 Jun 2009 14:40:28 GMT Reuters - Bank of New York Mellon Corp will have further writedowns as a result of the securitized mortgages it still has on its books, the bank's chief executive was quoted as saying on Saturday. Regulators shut 5 banks; 45 failures this year (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090627/ap_on_bi_ge/us_bank_closures ap/20090627/us_bank_closures AP business Sat, 27 Jun 2009 06:59:03 GMT AP - Regulators on Friday shut down five small banks, boosting to 45 the number of failures this year of federally insured banks. More are expected to succumb in the prolonged recession. Treasury sets purchase process for bank warrants (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090626/ap_on_bi_ge/us_bank_repayments ap/20090626/us_bank_repayments AP business Fri, 26 Jun 2009 21:36:03 GMT AP - The Obama administration on Friday established its process for pricing billions of dollars worth of warrants that large banks must repurchase to exit the $700 billion bailout program. Ken Lewis retains backing of key BofA exec (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090626/bs_nm/us_bankofamerica_lewis nm/20090626/us_bankofamerica_lewis Reuters business Fri, 26 Jun 2009 16:33:47 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090626/bs_nm/us_bankofamerica_lewis"><img src="http://d.yimg.com/a/p/rids/20090626/i/r3108595883.jpg?x=130&y=86&q=85&sig=5BIGMmgs4hA5NvUCs7oe6Q--" align="left" height="86" width="130" alt="Bank of America CEO and President Kenneth Lewis is sworn in to testify about his company's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington June 11, 2009. REUTERS/Jonathan Ernst" border="0" /></a>Reuters - Kenneth Lewis, Bank of America's embattled chief executive, retained the backing of a top lieutenant on Friday, when investment bank and wealth management chief Brian Moynihan called him the "right person" to lead the nation's largest bank.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20090626/bs_nm/us_bankofamerica_lewis"><img src="http://d.yimg.com/a/p/rids/20090626/i/r3108595883.jpg?x=130&y=86&q=85&sig=5BIGMmgs4hA5NvUCs7oe6Q--" align="left" height="86" width="130" alt="photo" title="Bank of America CEO and President Kenneth Lewis is sworn in to testify about his company's acquisition of Merrill Lynch, at a hearing of the House Oversight and Government Reform Committee on Capitol Hill in Washington June 11, 2009. REUTERS/Jonathan Ernst" border="0"/></a></p><br clear="all"/> (Reuters) Agency slaps Citibank Japan with sales suspension (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20090626/ap_on_bi_ge/as_japan_citibank ap/20090626/as_japan_citibank AP business Fri, 26 Jun 2009 11:10:21 GMT AP - Authorities ordered Citibank's Japan unit to suspend all sales operations at its retail banking arm for one month after it failed to improve anti-money laundering measures that target crime syndicates and other shadowy groups.