Bank Credit Card Guide & Banking News

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

First National Bank of Omaha's president retires - Lincoln Journal Star
Rajive Johri, president, First National Bank of Omaha, has announced his retirement and plans to return to his home in Greenwich, Conn., said Bruce R. Lauritzen, chairman. Daniel K. O'Neill, president, First National of Nebraska, has been named the ...
Posted: Tue, 06 Jan 2009 18:53:00 GMT

UBS sells Bank of China stake for $350m - Times Online
UBS sold its stake in Bank of China at a profit of about $350million (£244 million) yesterday, as the world's biggest wealth manager set about repairing the ravages to its balance sheet caused by $49 billion of investment losses. The Swiss bank sold ...
Posted: Wed, 31 Dec 2008 21:30:00 GMT

US Financial Sector Mixed As Investors Mull Data,Credit Picture - CNN Money
Financial stocks were mixed to start the week but some notable large-cap banking shares lost ground after Deutsche Bank cut its profit outlook for the troubled industry and warned of bigger credit losses in 2009. Deutsche Bank analysts led by Mike ...
Posted: Mon, 05 Jan 2009 18:04:00 GMT

Unspoken Link Between Credit Cards and Colleges - Star News Online
EAST LANSING, Mich. — When Ryan T. Muneio was tailgating with his parents at a Michigan State football game this fall, he noticed a big tent emblazoned with a Bank of America logo. Inside, bank representatives were offering free T-shirts and other ...
Posted: Thu, 01 Jan 2009 18:58:00 GMT

3 private investors seek to purchase IndyMac - Marketplace.publicradio.org
WASHINGTON _ A trio of private investors _ J.C. Flowers & Co., Dune Capital Management and Paulson & Co. _ have teamed up in an effort to buy failed thrift IndyMac, a person familiar with the deal said Monday. The two private-equity firms and hedge ...
Posted: Tue, 30 Dec 2008 12:41:00 GMT

Flowers, Soros, Michael Dell team to buy IndyMac - Marketplace.publicradio.org
A seven-member investor group including billionaire George Soros and Dell Inc. founder Michael Dell have agreed to purchase failed lender IndyMac Bank, one of the largest casualties of the housing bust, for $13.9 billion. IndyMac, which specialized ...
Posted: Sat, 03 Jan 2009 16:04:00 GMT

Investor group agrees to buy failed IndyMac - Independent
WASHINGTON (AP) — A seven-member group of investors has agreed to buy the remnants of failed lender IndyMac Bank, a symbol of the housing boom and bust, for $13.9 billion, federal regulators said Friday. IndyMac, which specialized in loans made ...
Posted: Thu, 01 Jan 2009 23:59:00 GMT

Banker Gins Up a Liquor - Wall Street Journal
While a student at the College of William and Mary, Anshuman Vohra set his sights on becoming a banker in New York City. He majored in finance and became an analyst at J.P. Morgan Chase in 2000. But after a few years in the industry, including a ...
Posted: Tue, 30 Dec 2008 16:45:00 GMT

Evans Bank buys Grand Island data firm - Buffalo News
Evans Bank has acquired Suchak Data Systems, which provides data center resources and information technology to the financial services industry. Grand Island-based SDS was founded in 1981 and provides services and products including core and online ...
Posted: Wed, 31 Dec 2008 14:56:00 GMT