Copyright (c) 2010 Yahoo! Inc. All rights reserved. http://news.yahoo.com/business/industries/banking business Business - Banking Industry en-us Tue, 09 Feb 2010 23:00:41 GMT 5 142 18 http://news.yahoo.com/business/industries/banking http://l.yimg.com/a/i/us/nws/th/main_142c.gif http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100209/ap_on_bi_ge/us_banks_s_p_downgrade ap/20100209/us_banks_s_p_downgrade AP business Tue, 09 Feb 2010 23:00:41 GMT AP - Standard & Poor's Ratings Services on Tuesday cut its outlook on Citigroup Inc. and Bank of America Corp. to "negative" from "stable," saying bond holders could take a hit if the government steps in again to support banks. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100209/ap_on_bi_ge/us_menendez_bank ap/20100209/us_menendez_bank AP business Tue, 09 Feb 2010 22:55:59 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100209/ap_on_bi_ge/us_menendez_bank"><img src="http://d.yimg.com/a/p/ap/20100209/capt.11501b9764db423e9431c56c0ab80629.menendez_bank_wx101.jpg?x=130&y=101&q=85&sig=CY6YNFrkY_tomd3LnCrRmg--" align="left" height="101" width="130" alt="FILE - In this June 17, 2009, file photo Senate Energy and Natural Resources Committee member Sen. Robert Menendez, D-N.J., listens during the committee's markup hearing on energy legislation on Capitol Hill in Washington. In the summer of 2009 Menendez wrote to FED Chairman Ben Bernanke seeking help for a home state bank, First BankAmericano, operated by campaign contributors, and asked for approval of an acquisition that would have rescued the institution. (AP Photo/Harry Hamburg, File)" border="0" /></a>AP - Sen. Robert Menendez wrote to Federal Reserve Chairman Ben Bernanke last summer seeking help for a home state bank operated by campaign contributors, specifically asking for approval of an acquisition that would have rescued the institution.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100209/ap_on_bi_ge/us_menendez_bank"><img src="http://d.yimg.com/a/p/ap/20100209/capt.11501b9764db423e9431c56c0ab80629.menendez_bank_wx101.jpg?x=130&y=101&q=85&sig=CY6YNFrkY_tomd3LnCrRmg--" align="left" height="101" width="130" alt="photo" title="FILE - In this June 17, 2009, file photo Senate Energy and Natural Resources Committee member Sen. Robert Menendez, D-N.J., listens during the committee's markup hearing on energy legislation on Capitol Hill in Washington. In the summer of 2009 Menendez wrote to FED Chairman Ben Bernanke seeking help for a home state bank, First BankAmericano, operated by campaign contributors, and asked for approval of an acquisition that would have rescued the institution. (AP Photo/Harry Hamburg, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100209/ap_on_bi_ge/us_bank_of_america_lobbying ap/20100209/us_bank_of_america_lobbying AP business Tue, 09 Feb 2010 16:49:29 GMT AP - Bank of America Corp., the nation's largest lender, spent $1.18 million in the fourth quarter to lobby the federal government on issues such as executive compensation, credit cards and mortgage lending practices, according to a recent disclosure report. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/bw/20100209/bs_bw/feb2010bs2010028918003 bw/20100209/feb2010bs2010028918003 BusinessWeek business Tue, 09 Feb 2010 13:08:41 GMT BusinessWeek - For two years, MBAs have suffered mightily, as the credit crisis, recession, and bursting of the housing bubble have wreaked havoc on the job market. One by one, starting with investment banking, whole industries have erected "MBAs Need Not Apply" signs. One big exception is health care. With the prospect of health-care reform on the horizon, many MBAs are suddenly showing an interest in an industry that until now has attracted only a smattering of business school graduates, and with good reason. ... http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100208/ap_on_bi_ge/us_bank_of_america_merrill_lynch ap/20100208/us_bank_of_america_merrill_lynch AP business Mon, 08 Feb 2010 23:34:31 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100208/ap_on_bi_ge/us_bank_of_america_merrill_lynch"><img src="http://d.yimg.com/a/p/ap/20100208/capt.b5c60a91e3a4452c9f2af265b3ed4e51.bank_of_america_merrill_nybz161.jpg?x=130&y=93&q=85&sig=27XfnuHzSIaXR81PsFjcmA--" align="left" height="93" width="130" alt="FILE - In this Jan. 18, 2010 file photo, a Bank of America branch is shown in Charlotte, N.C. A judge on Monday, Feb. 8, 2010 promised to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch. (AP Photo/Chuck Burton, File)" border="0" /></a>AP - A judge promised Monday to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100208/ap_on_bi_ge/us_bank_of_america_merrill_lynch"><img src="http://d.yimg.com/a/p/ap/20100208/capt.b5c60a91e3a4452c9f2af265b3ed4e51.bank_of_america_merrill_nybz161.jpg?x=130&y=93&q=85&sig=27XfnuHzSIaXR81PsFjcmA--" align="left" height="93" width="130" alt="photo" title="FILE - In this Jan. 18, 2010 file photo, a Bank of America branch is shown in Charlotte, N.C. A judge on Monday, Feb. 8, 2010 promised to decide by the end of next week whether to approve a $150 million settlement between the Securities and Exchange Commission and Bank of America over civil charges alleging the bank misled shareholders when it acquired Merrill Lynch. (AP Photo/Chuck Burton, File)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100208/bs_nm/us_bankofamerica_sec nm/20100208/us_bankofamerica_sec Reuters business Mon, 08 Feb 2010 20:46:01 GMT Reuters - A federal judge expressed skepticism about the U.S. Securities and Exchange Commission's $150-million settlement with Bank of America Corp over the Merrill Lynch takeover, questioning whether the regulator was too tame in setting forth facts to help him decide. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100207/bs_nm/us_g7_banks nm/20100207/us_g7_banks Reuters business Sun, 07 Feb 2010 00:54:24 GMT Reuters - The idea of a global tax on banks to recapture bailout costs gained ground on Saturday, boosted by the Obama administration's latest proposals, but there was no agreement on a specific design. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100205/ap_on_bi_ge/us_bank_closure ap/20100205/us_bank_closure AP business Fri, 05 Feb 2010 23:18:50 GMT AP - Regulators have shut down a small bank in Minnesota, bringing to 16 the number of bank failures in the U.S. so far in 2010 following the 140 brought down last year by rising loan defaults and the recession. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100205/bs_nm/us_bankofamerica nm/20100205/us_bankofamerica Reuters business Fri, 05 Feb 2010 01:35:47 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100205/bs_nm/us_bankofamerica"><img src="http://d.yimg.com/a/p/rids/20100204/i/r3868046387.jpg?x=130&y=86&q=85&sig=4KpnUuzGRSUatLvCRcH6ug--" align="left" height="86" width="130" alt="Kenneth Lewis pauses as he speaks at the National Urban League Conference in Chicago July 30, 2009. REUTERS/John Gress" border="0" /></a>Reuters - New York's attorney general charged Bank of America Corp , former Chief Executive Kenneth Lewis and former Chief Financial Officer Joe Price with fraud for allegedly misleading shareholders about the acquisition of Merrill Lynch & Co.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100205/bs_nm/us_bankofamerica"><img src="http://d.yimg.com/a/p/rids/20100204/i/r3868046387.jpg?x=130&y=86&q=85&sig=4KpnUuzGRSUatLvCRcH6ug--" align="left" height="86" width="130" alt="photo" title="Kenneth Lewis pauses as he speaks at the National Urban League Conference in Chicago July 30, 2009. REUTERS/John Gress" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100204/ap_on_go_co/us_bank_bonus_tax ap/20100204/us_bank_bonus_tax AP business Thu, 04 Feb 2010 19:08:53 GMT AP - Motivated by a wave of new bank bonuses, two Democratic senators want top executives of big financial institutions that received government help to pay a 50 percent tax on any compensation last year above $400,000. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100204/ap_on_bi_ge/eu_germany_earns_deutsche_bank ap/20100204/eu_germany_earns_deutsche_bank AP business Thu, 04 Feb 2010 12:34:10 GMT AP - Germany's Deutsche Bank AG said Thursday that tax breaks in the U.S. and stronger trading revenue helped lift its net earnings to euro1.3 billion ($1.8 billion) in last year's fourth quarter. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100203/ap_on_bi_ge/us_small_banks_lending ap/20100203/us_small_banks_lending AP business Wed, 03 Feb 2010 21:43:12 GMT AP - The Treasury Department said Wednesday it will invest up to $1 billion in small banks that serve poor communities as part of the Obama administration's efforts to spur more lending to small businesses. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100203/bs_nm/us_boa nm/20100203/us_boa Reuters business Wed, 03 Feb 2010 10:57:52 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100203/bs_nm/us_boa"><img src="http://d.yimg.com/a/p/rids/20100203/i/r2644725849.jpg?x=130&y=74&q=85&sig=26Bs1DkDXl7NTKPa3snJqQ--" align="left" height="74" width="130" alt="A Bank of America flag is pictured outside the corporate center in Charlotte, North Carolina January 19, 2010. REUTERS/Chris Keane" border="0" /></a>Reuters - Bank of America Corp has approved more than $4 billion in 2009 pay for its investment bankers and traders, according to the Wall Street Journal.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100203/bs_nm/us_boa"><img src="http://d.yimg.com/a/p/rids/20100203/i/r2644725849.jpg?x=130&y=74&q=85&sig=26Bs1DkDXl7NTKPa3snJqQ--" align="left" height="74" width="130" alt="photo" title="A Bank of America flag is pictured outside the corporate center in Charlotte, North Carolina January 19, 2010. REUTERS/Chris Keane" border="0"/></a></p><br clear="all"/> (Reuters) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/usnw/20100203/pl_usnw/DC48197 usnw/20100203/DC48197 PR Newswire business Wed, 03 Feb 2010 03:00:00 GMT PR Newswire - WASHINGTON, Feb. 2 /PRNewswire-USNewswire/ -- More than 170 million poor people worldwide receive regular payments from their governments, but the potential to use these payments to increase financial inclusion is largely untapped, according to "Banking the Poor via G2P Payments," a new report by CGAP, a microfinance group based at the World Bank, and the U.K.'s Department for International Development (DFID). http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100202/ap_on_bi_ge/us_earns_s_t_bancorp_corrective ap/20100202/us_earns_s_t_bancorp_corrective AP business Tue, 02 Feb 2010 21:46:10 GMT AP - In a Jan. 25 story about S&T Bancorp's fourth-quarter earnings results, The Associated Press erroneously reported the size of the bank's securities losses. The bank recorded securities losses of $487,000, compared with $92,000 in the fourth quarter 2008, not $487 million, compared with $92 million in the prior year. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100201/ap_on_bi_ge/us_fed_bank_lending ap/20100201/us_fed_bank_lending AP business Mon, 01 Feb 2010 21:07:36 GMT AP - Fewer banks are erecting new hurdles for people and businesses to get loans, a fresh sign credit problems are easing. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/nm/20100131/bs_nm/us_germany_switzerland_bank nm/20100131/us_germany_switzerland_bank Reuters business Sun, 31 Jan 2010 22:42:50 GMT Reuters - German politicians were divided at the weekend over whether to buy the bank data of up to 1,500 possible tax evaders with accounts in Switzerland that media say an informant has offered to sell authorities. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100130/ap_on_bi_ge/davos_forum ap/20100130/davos_forum AP business Sat, 30 Jan 2010 13:42:08 GMT <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100130/ap_on_bi_ge/davos_forum"><img src="http://d.yimg.com/a/p/ap/20100130/capt.vlm10401300827.switzerland_world_economic_forum_vlm104.jpg?x=130&y=85&q=85&sig=CsAz1EzJgCqE6oBvqnbQPQ--" align="left" height="85" width="130" alt="Congressman from Massachusetts and Chairman of the Financial Services Committee, USA, Barney Frank, left, speaks with journalists as he arrives for a bankers meeting at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010. (AP Photo/Virginia Mayo)" border="0" /></a>AP - Government regulators from the United States and Europe laid out their financial reform plans Saturday before a skeptical banking industry, asking financiers for input but adamant that change was coming with or without their support.</p><br clear="all"/> <p><a href="http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100130/ap_on_bi_ge/davos_forum"><img src="http://d.yimg.com/a/p/ap/20100130/capt.vlm10401300827.switzerland_world_economic_forum_vlm104.jpg?x=130&y=85&q=85&sig=CsAz1EzJgCqE6oBvqnbQPQ--" align="left" height="85" width="130" alt="photo" title="Congressman from Massachusetts and Chairman of the Financial Services Committee, USA, Barney Frank, left, speaks with journalists as he arrives for a bankers meeting at the World Economic Forum in Davos, Switzerland on Saturday Jan. 30, 2010. (AP Photo/Virginia Mayo)" border="0"/></a></p><br clear="all"/> (AP) http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100130/ap_on_bi_ge/us_bank_closures ap/20100130/us_bank_closures AP business Sat, 30 Jan 2010 03:48:53 GMT AP - Regulators shut down a big bank in California on Friday, along with two banks in Georgia and one each in Florida, Minnesota and Washington. That brought to 15 the number of bank failures so far in 2010 atop the 140 shuttered last year in the punishing economic climate. http://us.rd.yahoo.com/dailynews/rss/banking/*http://news.yahoo.com/s/ap/20100130/ap_on_bi_ge/lt_argentina_central_bank ap/20100130/lt_argentina_central_bank AP business Sat, 30 Jan 2010 02:14:01 GMT AP - Argentina's Central Bank chief resigned Friday, saying he could do no more to protect the nominally independent institution from the president's efforts to control its dollar reserves.