Bank Credit Card Guide & Banking News

Merrill Brokerage Chief Leaving Amid Tensions - Smart Money
NEW YORK (Dow Jones) -- Robert McCann, the brokerage chief at Merrill Lynch & Co., is leaving the securities firm just after its acquisition by Bank of America Corp. was completed. The announcement of Mr. McCann's exit was made by John Thain, who was ...
Posted: Tue, 06 Jan 2009 15:03:00 GMT

Bank of America Completes Merrill Lynch Purchase - dBusinessNews.com
CHARLOTTE -- Bank of America Corporation today completed its purchase of Merrill Lynch & Co., Inc. creating a premier financial services franchise with significantly enhanced wealth management, investment banking and international capabilities. "We ...
Posted: Tue, 06 Jan 2009 17:05:00 GMT

Culture Clash: Broker Chief For Merrill Quits BofA - Wall Street Journal
Robert McCann, the brokerage chief at Merrill Lynch & Co., is leaving the securities firm just after its acquisition by Bank of America Corp. was completed. The announcement of Mr. McCann's exit was made by John Thain, who was Merrill's chief ...
Posted: Tue, 06 Jan 2009 20:26:00 GMT

LATIN AMERICAN MARKETS: Brazilian Investors Eye Rate Cut; Wal Mart De ... - CNN Money
Brazilian stocks rose Tuesday, holding to higher ground as investors eyed the possibility of cut in interest rates following a report that the country's industrial production dropped sharply in November. In Sao Paulo , the equity benchmark was up 1.4 ...
Posted: Tue, 06 Jan 2009 20:04:00 GMT

2 big banking sector acquisitions completed - Marketplace.publicradio.org
Two mega acquisitions in the banking sector have been completed following the biggest financial crisis to hit the United States since the 1930s, capping a year in which Wall Street stocks were hammered, home foreclosure rates soared and job losses ...
Posted: Thu, 01 Jan 2009 20:17:00 GMT

THE RATINGS GAME: Bigger Loan Losses Will Hurt Banks In 2009, Deutsche ... - CNN Money
NEW YORK (Dow Jones) -- Banking stocks traded lower Monday, retreating as Deutsche Bank analysts cut their profit outlook and warned that trouble is likely to spread to more types of loans this year as the economy worsens. The outlook for the banking ...
Posted: Mon, 05 Jan 2009 18:39:00 GMT

Major bank acquisitions completed - Delaware Online
ATLANTA -- Two mega acquisitions in the banking sector have been completed following the biggest financial crisis to hit the United States since the 1930s, capping a year in which Wall Street stocks were hammered, home foreclosure rates soared and ...
Posted: Fri, 02 Jan 2009 09:17:00 GMT

Tech Spending in 2009 to Be Trimmed, Not Slashed - TechWeb
Bank technology executives acknowledge that 2009 will be lean, but they're hopeful that it won't be too mean. No doubt it's a time of greater budget scrutiny in the banking industry. But while the sky may be falling, the world hasn't stopped turning ...
Posted: Tue, 06 Jan 2009 15:46:00 GMT

Sri Lanka to review forex curbs in April: Central Bank - Lanka Business Online
Jan 05, 2009 (LBO) – Sri Lanka would review restrictions imposed on foreign exchange use in April 2009, the central bank said as the rupee continued to weaken against the greenback on liquidity injections made by the monetary authority. The central ...
Posted: Mon, 05 Jan 2009 03:16:00 GMT

US banks drawn into Bernard Madoff scandal amid fear of more victims - Times Online
Letter: Westport National Bank Letter: Westport Nationa Bank - Vice President The role of America's federally regulated banks in the $50 billion Bernard Madoff investment scandal has come into question after it emerged that a number of victims of his ...
Posted: Sun, 04 Jan 2009 22:22:00 GMT