Deutsche Bank Initiates Coverage on PNC Financial (PNC) with a Hold - StreetInsider.com
Deutsche Bank Initiates Coverage on PNC Financial (PNC) with a Hold Fed Issues White Paper On Stress Test; Banks Need Reserves To Cover Losses Into 2011 Financial Stocks Flat Ahead of Stress Test Results (XLF, BAC) KBW Said Banking Industry Needs $1

Fiserv Unveils EnAct™ Enterprise Sales Management System - MSN MoneyCentral
Fiserv, Inc. FISV , the leading global provider of financial services technology solutions, today announced general availability of its new enterprise sales management system for banks. EnAct ™ , powered by Microsoft Dynamics CRM ® , equips

German American Bancorp, Inc. Announces Successful Conclusion of - MSN MoneyCentral
JASPER, Ind., April 28, 2009 (GLOBE NEWSWIRE) — German American Bancorp, Inc. (Nasdaq:GABC) announced today that shareholders of the Company subscribed to purchase $19,250,000 principal amount of the Company’s proposed new issue of 8% redeemable

$24G gap has Billerica mulling banking options - Lowell Sun
BILLERICA — When gas prices first began to soar, a few gas-station owners began offering a credit-card price, and a “discount” cash price. Some say that pricing model could help reduce a town deficit. Specially, one caused by bank surcharges from

Profit falls, capital worries dog banking sector - Forbes
MADRID/FRANKFURT, April 28 (Reuters) - Leading European lenders reported a dip in profits and U.S. regulators warned Bank of America ( BAC - news - people ) and Citigroup Inc ( C - news - people ) may need more capital as bank stocks slipped on

Deutsche Bank Returns to Profit on Trading Rebound (Update3) - Bloomberg
April 28 (Bloomberg) — Deutsche Bank AG , Germany’s biggest bank, returned to profit in the first quarter as a thaw in credit markets buoyed trading income at the investment bank. The company fell as much as 7.9 percent in Frankfurt trading

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Web Extra: Shopping For a New Credit Card - CNBC
With all the hubbub surrounding the credit card industry’s new focus on slashing customers’ limits and raising their rates, more people are thinking about taking back control of their credit by shopping for new cards. So how can you make sure you

As Skies Change, So Do Credit Cards - WSB-TV Atlanta
ATLANTA — American Express Co. is trying to siphon away U.S. Bancorp customers in a new marketing campaign it is rolling out. For years, U.S. Bank has been the issuer of the Northwest WorldPerks Visa card, which enables users to earn Northwest

Credit card interest rates jump in last week - Long Island Business News
The average annual interest rates charged on most variable credit cards rose significantly last week after several weeks of little change, according to Bankrate.com. The biggest jump came for low interest cards, which have rates below the national

U.S. February credit card losses hit record -Fitch - Reuters
NEW YORK, April 27 (Reuters) - U.S. consumer credit quality deteriorated further in February as credit card losses hit record levels amid a worsening economic environment, Fitch Ratings said in a report on Monday. Fitch’s Charge-Off Index, which

American Express Unveils Exclusive Benefits of Delta SkyMiles® Credit - MSN MoneyCentral
American Express today announced a number of new benefits available through its exclusive line of Delta SkyMiles Credit Cards, as well as the launch of a 360-degree marketing campaign to build awareness for the Cards in key Delta hubs that were

Evansville man sentenced for credit card fraud - Evansville Courier-Press
A 43-year-old Evansville man will serve 33 months in federal prison after pleading guilty to four counts of mail fraud, the United States Attorney for the Southern District of Indiana said in a news release. Philip J. Hoblin reportedly ran up more

UPDATE 1-US House voting on credit card bill Thurs-sources - Reuters
WASHINGTON, April 27 (Reuters) - The U.S. House of Representatives is likely to vote on credit card reform legislation on Thursday, according to several sources familiar with the chamber’s agenda. The sources, who asked to remain anonymous because

Criminal defense lawyer charged with swindling firm out of $124,258 - Minneapolis Star Tribune
A Twin Cities criminal defense lawyer is now a defendant charged with 10 counts of felony theft by swindle allegedly for stealing $124,258 from his former firm to spend on iTunes, jewelry, flowers and personal trainers among other things. Thomas A

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Twitter feed from GM news conference - Detroit Free Press
Free Press business writer Jewel Gopwani sent live updates of General Motors CEO Fritz Henderson’s news conference this morning using Twitter. See what she sent out this morning and check out @freepautos on Twitter . • It’s official. Pontiac to

GM to cut 23,000 US factory jobs, kill Pontiac - Poughkeepsie Journal
The plan, along with an offer to bondholders to exchange $27 billion in GM debt for about 10 percent of a reconstituted GM and a small amount of cash, makes clear that the automaker’s fate over the next few weeks rests with President Barack Obama

GM accelerates cost cuts - Reuters
DETROIT (Reuters) - General Motors Corp on Monday launched a last-ditch bond exchange offer to avoid bankruptcy and plans to cut 21,000 U.S. hourly jobs in a new restructuring that would see the automaker nationalized under majority control by the U

GM debt exchange expected to fail -analyst - Forbes
NEW YORK, April 27 (Reuters) - Beleaguered U.S. automaker General Motors Corp. ’s bid to reduce its debt with a bond exchange offer is destined to fail, an analyst at credit research firm KDP Investment Advisors, Inc. said on Monday. GM is facing a

Personal fortunes riding on the fate of GM’s debt - Detroit Free Press
Retired Chrysler LLC project manager Clifford St. Pierre and his wife, Patricia, bought $200,000 in General Motors Corp. notes three years ago, thinking it was a sound way to finance their retirement. The 10-year securities carry a 7.2% interest rate

G.M.’s Latest Plan Hinges on Debt Exchange - New York Times
DETROIT — General Motors said Monday that it would have to file for bankruptcy protection unless nearly all of its bondholders agree to exchange their claims for company stock, something that G.M. ’s chief executive described as “a tough task

Key says Budget will turn debt tide - New Zealand Herald
Prime Minister John Key says the Government’s debt track will be reversed from upwards to downwards in the Budget on May 28. He also strongly hinted yesterday that the 2010 and 2011 tax cuts will be a casualty in order to achieve that, echoing a

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American Express Unveils Exclusive Benefits of Delta SkyMiles® Credit - Earthtimes
NEW YORK - (Business Wire) American Express today announced a number of new benefits available through its exclusive line of Delta SkyMiles Credit Cards, as well as the launch of a 360-degree marketing campaign to build awareness for the Cards in key

Fitch Publishes the April Edition of ‘Credit Card Movers & Shakers’ - Earthtimes
NEW YORK - (Business Wire) Fitch Ratings has published the April edition of ‘Credit Card Movers & Shakers’. Credit card delinquencies and charge-offs breached record levels last month as consumer credit quality deteriorated further in the worsening

Curbing credit card practices good thing - Brattleboro Reformer
There’s some truth to the notion that banks won’t be as eager to sell credit cards if they lose the ability to change the terms of those loans whenever they want. Still, that doesn’t mean they’ll get out of the business of lending money at double

Dubai Police arrest expatriate with forged credit cards - Gulf News
Dubai: Police arrested an Armenian expatriate for forging credit cards and using them to buy jewellery worth around Dh300,000. The suspect was arrested on April 20, when the Criminal Investigation Department of Dubai Police was notified about the

Credit card sharks are among us - Fort Lauderdale Sun-Sentinel
How can they do it? In one month my interest rate on my credit card changed from 7.24 percent to 23.24 percent for no reason other than they can change my terms and conditions when they want to. To get my previous interest rate back, I had to close

As Skies Change, So Do Credit Cards - BayInsider
ATLANTA — American Express Co. is trying to siphon away U.S. Bancorp customers in a new marketing campaign it is rolling out. For years, U.S. Bank has been the issuer of the Northwest WorldPerks Visa card, which enables users to earn Northwest

Credit card rules are about to change - Suwannee Democrat
Recently Congress voted-in some changes to credit card regulations in response to consumer’s complaints about questionable practices by credit card companies. These new rules are expected to go into effect in July of 2010. Some of them however will

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UPDATE 3-New UBS reshuffle claims investment banking head - Forbes
ZURICH, April 27 (Reuters.com) - UBS on Monday replaced the head of its troubled investment banking unit, Jerker Johansson, in a new management reshuffle underlining CEO Oswald Gruebel’s resolve to stem persistent losses. Switzerland’s largest bank

Top banking official and passenger killed in sports plane crash - MosNews
A private two-seater plane has crashed near Moscow , killing its owner, a senior official of a Moscow bank, and his passenger. The Yakovlev 52 sports aircraft crashed on Sunday near the city of Tver , halfway between Moscow and St. Petersburg , news

Banking & Finance - Business World
BANCO DE ORO Unibank, Inc., the country’s largest bank, is on the lookout for acquisitions after its bid for the Philippine American Life and General Insurance Co. (Philamlife) fizzled out earlier this year. Teresita T. Sy, bank chairman, said “we

Managing Director Of Ruhmann Associates Speaks At 6th Annual Women In - Carolina Newswire
RALEIGH, N.C. – Ruhmann Associates, a talent assessment and leadership development firm, has announced that Joy Ruhmann, managing director, is scheduled to speak at the 6th Annual Women In Banking Conference, hosted by the North Carolina Bankers

Chairman of City Watchdog calls for banking to return to their basic - Daily Telegraph
Lord Turner, chairman of the Financial Services Authority , said that one of the most striking features of the crisis is how unanticipated it had been Photo: GETTY Speaking in New York, Lord Turner, the chairman of the Financial Services Authority

Central Valley Bank Selected for The Business Excellence Award - MSN MoneyCentral
OLYMPIA, Wash. , April 27 /PRNewswire-FirstCall/ — HERITAGE FINANCIAL CORPORATION HFWA , Heritage Financial Corporation, parent company of Heritage Bank and Central Valley Bank, today announced that Central Valley Bank was selected for The Business

Northern Rock ’sold by end of year’ - Reuters
LONDON (Reuters) - The government is to sell off Northern Rock ( NRKx.L ) by the end of the year in a bid to reclaim taxpayers’ cash, The Sunday Times reports without citing sources. The paper says that advisors Credit Suisse have started to draw up

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Now Is Good Time to Be a Banker, for Right Reasons - Wall Street Journal
Pierre F. Baer, chief executive for Singapore and South Asia of SG Private Banking, the private-wealth-management arm of France’s Société Générale Group, says there is no better time than now for private bankers to decide if they are in the

City National Bank Makes Moves Into Insurance Sector - WBOY
CROSS LANES — You can do a lot more at City National Bank these days than just manage your money. During the past couple of weeks, the bank has purchased two insurance agencies. Those moves are just the latest in a string of acquisitions that is

PSU banks to hire 30,000 in 2009-10 - Times of India
NEW DELHI: Public sector banks will hire 30,000 personnel during 2009-10, even as India Inc, facing the heat of the global financial meltdown, has put a virtual halt on recruitment. “As per the preliminary estimates, public sector banks are

Universal banking’s days are numbered -study - Reuters
LONDON, April 27 (Reuters) - More banks will abandon efforts to be all things to all people in favour of greater specialisation as universal banks have proved less profitable than their more focused peers, a study showed. A survey by technology

How To Launch a Secure & Successful Mobile Banking Platform - Bank Info Security
Worldwide, there are 3.3 billion mobile devices — vs. 950 million PCs - and four people are born every second, while 32 mobile phones are sold. Mobile banking is the immediate future of financial institutions of all sizes and geographies. Even in

Wall Street on edge over earnings, banking sector - San Francisco Gate
Sunday, April 26, 2009 Investors whose burst of optimism sent stocks higher Friday will see if their bets — which came in part on some stronger-than-expected earnings reports — were well-founded. Hundreds of companies will be reporting their

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