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Friday, January 29, 2010

Similar stories of banking



Regulators seized a Bremerton Wash bank late Friday as the financial crisis claimed its 33rd federally insured financial institution of 2009.The Federal Deposit Insurance Corp. estimated that the failure of Westsound Bank would cost its deposit-insurance fund $108 million. Westsound is the second Washington bank to be closed by regulators so far this year.

First Bank of Idaho Closed by Federal Regulators 39 weeks 6 days ago
First Bank of Idaho, FSB, Ketchum, Idaho, was closed today by the Office of Thrift Supervision, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with U.S. Bank, Minneapolis, Minnesota, to assume all of the deposits, excluding those from brokers, of First Bank of Idaho.

Bank stocks crash; Syndicate, ICICI Bank, Axis Bank down 7-14% 47 weeks 4 days ago
The markets closed weak as all sectoral stocks witnessed heavy sell-off. The banking stocks were hammered badly.
Selling pressure was also seen in metal, capital goods, power, oil
Bank of Baroda, Indian Overseas Bank and Andhra Bank to set up subsidiary in Malaysia 33 weeks 3 days ago

Public sector banks, Bank of Baroda, Indian Overseas Bank and Andhra Bank have collaborated to set up a new Malaysian bank, "India BIA Bank (Malaysia) Bhd"
Tata Ties-up with Dena Bank and Bank of Baroda 43 weeks 3 days ago

Tata Motors hit headlines again with its tie-up with two more banks, Bank of Baroda and Dena Bank. Dena Bank which is a public sector undertaking fulfils the need of industry as well as retail segment. Dena Bank is offering 80% of the invoice price, for term ranging up to 5 years, at an attractive interest rate of 11% p.a. This facility can be availed at all 1184 branches of Dena BankTata Ties-up with Dena Bank and Bank of Baroda and 470 sales touch points of Tata Motors.
Nigerian Stock Exchange Suspends Trading on Shares of Troubled Banks 23 weeks 3 days ago
The shares of Oceanic Bank, Afribank, Intercontinental Bank, Finbank, and Union Bank were suspended by the Nigerian Stock Exchange (NSE) on Monday, the first working day after their Managing Directors (MDs) were fired last Friday.

Federal Bank closer to Catholic Syrian control 42 weeks 2 days ago
Kerala-based Federal Bank Ltd has moved another step towards acquiring Catholic Syrian Bank Ltd(CSB), with a former director who played a key role in shaping the take over plan joining the board of CSB.S. Santhanakrishnan, a chartered accountant who was until recently on the Federal Bank board, confirmed that he was inducted as a director of CSB on Friday in place of Iype Peter, who resigned recently.
For More information on Bank click on http://www.csb.co.in/
Bank of Japan Announced New Measures to Boost Economy 8 weeks 3 days ago
After an emergency meeting, the bank said it would inject 10 trillion yen ($114bn; 70bn) into the economy by offering banks cheap short-term loans.

While banks worldwide are facing economic upheaval, a new bank is open for business in Matteson. Fifth Third Bank ,which opened Jan. 21, at 21403 S. Cicero Ave...
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