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Bank Deposit News

China Inflation, Industrial Production Accelerate (Update1) Wednesday, March 10, 2010 @ 8:51PMChina’s inflation reached a 16- month high, industrial output climbed and new loans exceeded forecasts, adding to the case for the government to pare back stimulus measures.
House returns, but Statehouse impasse continues Wednesday, March 10, 2010 @ 8:49PMThe full Indiana House returned to the Statehouse on Wednesday after a five-day break, but partisan differences remained over an unemployment insurance tax bill as a March 14 deadline for adjournment loomed.
Help, at no cost Wednesday, March 10, 2010 @ 8:42PMA dedicated group of volunteers arrives shortly after lunch each day in the basement of the Butt-Holdsworth Memorial Library to help elderly and low to middle income residents with free electronic tax filings through AARP TaxAide.
China’s Inflation Quickens, Adding Pressure for Stimulus Exit Wednesday, March 10, 2010 @ 8:36PMMarch 11 (Bloomberg) -- China’s inflation accelerated in February, highlighting the risk that stimulus measures will overheat the world’s fastest-growing major economy.
(AFX UK Focus) 2010-03-11 02:01 UPDATE 1-Indonesia Market factors to watch - March 11 Wednesday, March 10, 2010 @ 8:27PMJAKARTA, March 11 (Reuters) - Following is a list of events in Indonesia as well as news stories and press reports which may influence financial markets.
FBI offering $1,000 reward for tips in 'Fake-bearded Fedora bandit' case Wednesday, March 10, 2010 @ 8:07PMKINGS BEACH, Calif. - The FBI is offering a $1,000 reward for tips leading to the capture of the man who has robbed three branches of the Bank of the West in Kings Beach, South Lake Tahoe and Grass Valley the past three months. A Wednesday press release from the bureau's Sacramento field office describes the man, nicknamed the "Fake -bearded Fedora bandit," as a white male with a fake goatee and ...
Docherty jury to be charged Monday Wednesday, March 10, 2010 @ 7:46PMThe prosecution and defence in Kenneth Allan Docherty’s second-degree murder trial are using the same evidence to prove their cases. Crown Prosecutor Jane Rodger concluded her evidence Tuesday and her closing arguments Wednesday afternoon.
ICS warns people of real estate scams Wednesday, March 10, 2010 @ 7:41PMThe Internet Crime Complaint Center (IC3) is warning people to be careful when posting rental properties and real estate online.
Maybank’s 23bp average rise in FD rates higher than expected Monday, March 8, 2010 @ 8:12PM]’s 25 basis points hike in its base lending rate (BLR) was broadly within its and market expectations. However, it said on Tuesday, March 9 the the 23bp average rise in fixed deposit (FD) rates wa...
(AFX UK Focus) 2010-03-09 01:15 UK faces dilemma over bank support - Moody's Monday, March 8, 2010 @ 7:43PMLONDON, March 9 (Reuters) - Britain faces a difficult balancing act in deciding how and when to reduce support for the banking sector, Moody's Investors Service said on Tuesday. "The growth in the UK's public debt burden means the government cannot afford further substantial bank bailouts without further weakening its credit profile and/or burdening taxpayers," Moody's said in a report. "However ...
First Bank makes seamless transition to First Merit Bank Monday, March 8, 2010 @ 7:31PMA recent conversion of a Chicago area bank chain includes a branch in Harwood Heights.
UK faces dilemma over bank support Monday, March 8, 2010 @ 7:26PMLONDON (Reuters) - Britain faces a difficult balancing act in deciding how and when to reduce support for the banking sector, Moody's Investors Service said on Tuesday.
CIMB Research: Maybank’s 23bp average rise in FD rates higher than expected Monday, March 8, 2010 @ 7:09PMKUALA LUMPUR: CIMB Equities Research said MALAYAN BANKING BHD [ ]’s 25 basis points hike in its base lending rate (BLR) was broadly within its and market expectations.
Troubled CF Bank agrees to develop a plan to sell or merge Saturday, March 6, 2010 @ 10:08PMBy PHIL FOLEY STAFF WRITER PORT HURON — State banking regulators say the latest consent order between the financially troubled Citizens First Bancorp, which operates branches in Bad Axe and Harbor Beach, and the Federal Deposit Insurance Corp (FDIC) is not a cause for concern. read more
The Week Unzipped: 'Name and shame' plan to embarrass tax dodgers into paying their dues Saturday, March 6, 2010 @ 6:29PMFROM April HM Revenue & Customs is to name and shame tax dodgers. The new legislation means HMRC can publish the names, addresses and details of individuals and companies
North Carolina bank buys assets of failed Sun American Friday, March 5, 2010 @ 7:38PMRegulators on Friday closed Boca Raton -based Sun American Bank, and its assets were sold to First Citizens Bank of Raleigh, N.C.
Banks shuttered in Fla., Ill., Md., Utah Friday, March 5, 2010 @ 7:32PMRegulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
Boca Raton Bank Shut Down By FDIC Friday, March 5, 2010 @ 7:17PMFederal regulators shut down Sun American Bank, based in Boca Raton, as well as banks in Illinois and Maryland on Friday. This brings the number of bank failures in the U.S. this year up to 25. Mounting loan defaults and the recession caused 140 banks to go out of business last year.
Malaysian swaps curve flattens;gradual hikes seen Friday, March 5, 2010 @ 7:12PMHONG KONG - The Malaysian swaps curve flattened on Friday amid investor expectations of more rate increases, a day after the central bank began a campaign to 'normalise' interest rates.
First Citizens acquires another failed bank Friday, March 5, 2010 @ 7:11PMNorth Carolina-based First Citizens Bank purchases its fourth failed bank in the past eight months from federal regulators.
Banks shuttered in Fla., Ill., Md. Friday, March 5, 2010 @ 6:54PMRegulators have shut banks in Florida, Illinois and Maryland, boosting to 25 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
Banks shuttered in Fla., Ill., Md. Friday, March 5, 2010 @ 6:52PMRegulators on Friday shuttered banks in Florida, Illinois and Maryland, boosting to 25 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
US regulators close banks in Illinois and Maryland Friday, March 5, 2010 @ 6:51PMUS bank regulators closed Bank of Illinois of Normal, Illinois and Waterfield Bank of Germantown, Maryland on Friday as deteriorating loans continued taking a toll on financial institutions.
Banks Shuttered in Fla., Ill., Md. Friday, March 5, 2010 @ 6:46PMRegulators shut down banks in Florida, Illinois, Maryland; makes 25 US bank failures this year Florida - Illinois - Business - Financial Services - United States
Banks Shuttered In Fla., Ill., Md. Friday, March 5, 2010 @ 6:40PMUS regulators close 3 small banks
Central Bank expands as other banks struggle Thursday, March 4, 2010 @ 10:54AMBad news for banking has good news for Central Bank of Stillwater.
Bullard Calls for Fed Powers to Avert Future Crisis (Update1) Thursday, March 4, 2010 @ 10:40AMMarch 4 (Bloomberg) -- St. Louis Federal Reserve Bank President James Bullard said the central bank needs authority to determine the condition of the entire financial system to avert another crisis.
Yen Libor Below Dollar for First Time Since August (Update2) Thursday, March 4, 2010 @ 10:29AMMarch 4 (Bloomberg) -- The cost of borrowing in yen for three months between banks fell below the dollar rate for the first time since August, reducing the appeal of the greenback as a funding currency for leveraged purchases of assets.
Macquarie to close trust Thursday, March 4, 2010 @ 10:18AMMacquarie Group plans to shut down its $10 billion cash management trust and funnel investors into a market-focused deposit account.
Geithner stresses consumer protection Thursday, March 4, 2010 @ 10:16AMUS Treasury Secretary Timothy Geithner said the administration would not accept a bill overhauling financial regulations that does not contain strong protection for US consumers.
Macquarie steers $10b from trust into deposit account Thursday, March 4, 2010 @ 10:15AMMacquarie Group plans to shut down its $10 billion cash management trust and funnel investors into a market-focused deposit account in a move that will substantially bolster the balance sheet of the bank and, when leveraged, deliver it a large war chest.
Rolex theft leads to arrest Thursday, March 4, 2010 @ 10:01AMLaw and Order
The Spring-Ford Reporter/The Valley ItemDatebook Thursday, March 4, 2010 @ 9:57AMDateBook Notes
Republican Senator Proposes Consumer Watchdog Monday, March 1, 2010 @ 12:59PMThe Alabama Senator is recommending that a consumer protection division be added to the Federal Deposit Insurance Corp., the agency that guarantees consumers’ bank deposits.
FDLE: Suspect wrote bad checks totaling $500K Monday, March 1, 2010 @ 12:57PMA Lee County man was arrested on charges of grand theft and scheme to defraud for writing fraudulent checks worth more than $500,000, according to the Florida Department of Law Enforcement.
Immersive Media Q2 loss cut to $755,853 from $1.6M; revenues jump 19 per cent Monday, March 1, 2010 @ 12:51PMCALGARY - Immersive Media Corp.'s (TSXV:IMC) second-quarter loss was cut to $755,853 from a year-earlier loss of $1.6 million, the digital video imaging company said Monday.
(AFX UK Focus) 2010-03-01 18:21 Shelby also offered consumer watchdog council-aide Monday, March 1, 2010 @ 12:44PMWASHINGTON, March 1 (Reuters) - A senior Republican U.S. senator has made more than one counter-offer to Democrats on creating a new government watchdog for consumers, including the option of setting up a three-member consumer protection council, said a congressional aide on Monday. Senator Richard Shelby, the top Republican on the Senate Banking Committee, has been in intensive talks with ...
AFFIN Islamic Bank sticks to bai bithaman ajil contract Monday, March 1, 2010 @ 12:15PMAFFIN Islamic Bank ( 5185 ) is unlikely to drop the bai bithaman ajil financing structure, its chief said yesterday, reflecting the industry's struggle to achieve a common stand on the disputed contract.
AmBank's new product targets risk-averse Monday, March 1, 2010 @ 12:14PMAMBANK Group expects a new structured product offering potentially higher returns than fixed deposits to pull in RM100 million from risk-averse investors in the one-month offer period.
(AFX UK Focus) 2010-03-01 17:40 INDICATORS - Hungary - Updated on March 1 Monday, March 1, 2010 @ 12:13PMBUDAPEST, March 1 (Reuters) - Hungary's latest indicators:
Oregon bank purchases Tacoma-based Rainier Pacific Bank Monday, March 1, 2010 @ 12:05PMRainier Pacific Bank headquarters in downtown Tacoma.
(AFX UK Focus) 2010-03-01 17:31 UPDATE 1-Sen Shelby counters on financial consumer watchdog Monday, March 1, 2010 @ 11:58AMBy Kevin Drawbaugh and Rachelle Younglai
Deposit bags stolen at York Hospital Monday, March 1, 2010 @ 11:57AMSomeone stole deposit bags containing cash and credit card receipts from York Hospital, according to York City Police and a hospital official.
Dodd Scraps Obama’s Consumer Agency, Proposes Treasury Bureau Saturday, February 27, 2010 @ 11:37PMFeb. 28 (Bloomberg) -- Senate Banking Committee Chairman Christopher Dodd abandoned the Obama administration’s stand- alone consumer financial agency and is proposing a bureau in the Treasury Department, seeking to overcome Republican opposition to legislation overhauling Wall Street regulations.
Community support helped avert bank failure Saturday, February 27, 2010 @ 11:11PMOn a chilly day in February 1926, a crowd was gathering on the streets of downtown Muskogee. A rumor had begun to circulate that the Commercial National Bank was about to fail. The recent failure of a bank in Stigler and depressed cotton prices had added fuel to the speculation.
10 tips for spending less and saving more Saturday, February 27, 2010 @ 11:00PMIf cheap is chic, then saving is suddenly sexy. America Saves Week, which is just wrapping up, takes on new meaning when the U.S. savings rate, which had dipped into negative territory, headed up to 4.6 percent last year. The savings rate could climb as high as 6.5 percent, according to Allianz Group Economic Research.
Business briefs Saturday, February 27, 2010 @ 12:08AMWASHINGTON Regulators don't think rules hinder loans
FDIC shuts banks in Nevada and Washington Saturday, February 27, 2010 @ 12:02AMNEW YORK (AP) — Regulators shut down banks in Nevada and Washington on Friday, marking the 21st and 22nd failures this year of federally insured banks.
Mosheim Seeks $500,000 Grant To Fix Sewers Friday, February 26, 2010 @ 11:43PMThe Greeneville Sun - News Story
App allows deposits by cell phone Friday, February 26, 2010 @ 11:35PMNEW YORK -- In the near future, you might not even have to visit a bank or an ATM to deposit a check. You'll simply snap a couple of photos of it with your cell phone.