Bank Credit Card Guide & Banking News

Latin American stocks rise on commodity, US surge - WTOP Radio
SAO PAULO, Brazil (AP) - Latin American stocks rose Tuesday as prices for most of the region's commodity exports climbed and U.S. stocks rallied to a two-month peak. Brazil 's benchmark Ibovespa index gained for a sixth day, rising 1.9 percent to 42 ...
Posted: Tue, 06 Jan 2009 23:17:00 GMT

Banking stocks weather downslide - Sify
While banks have traditionally been seen as safe avenues to store money, the past few months have shown that banking scrips could also be safe investments. In the past three months, the Banking Index has lost only 30% compared with a loss of 41% in ...
Posted: Wed, 07 Jan 2009 04:04:00 GMT

Japan stocks find groove as tax change is mulled - Marketwatch
Small and medium banking stocks firmed after a Japanese newspaper reported the government would inject money into regional lenders to help boost their capital and make them more willing to lend to business and consumers. Honda Motor Corp. led a rally ...
Posted: Wed, 07 Jan 2009 07:46:00 GMT

DFSA metes out penalty on ex-GFS Investments Compliance Officer - Gulf News
Dubai: The Dubai Financial Services Authority (DFSA) announced that it has accepted an Enforceable Undertaking given by Roberto Da Silva, the former Compliance Reporting Officer of GFS Investments (Middle East) Limited (GFS Investments). The written ...
Posted: Mon, 05 Jan 2009 23:54:00 GMT

Planned foreign investment in SKorea rises in 2008 - Forbes
Planned foreign direct investment in South Korea rose in 2008 for the first time in four years, the government said Wednesday, helping realize a campaign pledge by President Lee Myung-bak. Planned investments reached $11.7 billion last year, the ...
Posted: Wed, 07 Jan 2009 07:53:00 GMT

Saudi shares reverse as telecom and bank stocks fall - ArabianBusiness.com
SAUDI DOWN: Stocks edge down after more than a week of gains on the back of rising oil prices (Getty Images) Saudi Arabian shares have reversed early gains as telecom and banking stocks decline. Saudi Telecom Co fell 0.48 percent and Samba Financial ...
Posted: Wed, 07 Jan 2009 08:36:00 GMT

Business Overview - Zawya.com
The Kuwait-based Global Investment House provides financial services and products across five business divisions; principal investments, conventional and Islamic asset management services including portfolio and fund management, investment advisory ...
Posted: Wed, 07 Jan 2009 03:21:00 GMT

Five banks in Lancaster, Pa., have received Treasury aid - TradingMarkets.com
The department said Monday it has completed its investments in 43 more banking companies, including two major ones here -- Fulton Financial and M&T Bank. As previously announced, the deals add $376.5 million to Fulton Financial's capital and $600 ...
Posted: Wed, 31 Dec 2008 15:11:00 GMT

Bank of America sells $2.8 billion China bank stake - Reuters Canada
HONG KONG (Reuters) - Top U.S. lender Bank of America (BAC.N: Quote ), raising cash to weather a dismal market at home, sold a $2.83 billion chunk of its holding in China Construction Bank (0939.HK: Quote ) on Wednesday, dragging the Chinese bank's ...
Posted: Wed, 07 Jan 2009 06:27:00 GMT

German tycoon Adolf Merckle commits suicide - China Post
FRANKFURT -- German billionaire Adolf Merckle, assailed by financial turmoil and struggling to salvage his business empire, has killed himself, his family said on Tuesday. "The desperate situation of his companies caused by the financial crisis, the ...
Posted: Wed, 07 Jan 2009 01:41:00 GMT