Archive for February 23rd, 2008

Boston Private Unit Raises Loss Reserve
CNN Money - NEW YORK (Associated Press) - Private banking and investment management firm Boston Private Financial Holdings Inc. stated Thursday its affiliate First Private Bank & Trust it will increase its loan-loss reserves between $16 million and $19 million for

Growing loan losses stir bailout talk
Boston Globe - But as losses from bad mortgages and mortgage-backed securities climb past $200 billion, talk among banking executives for an epic government rescue plan is suddenly coming into fashion.

Worker Snooping on Customer Data Common
Washington Post - The WE Energies database includes credit and banking information, payment histories, Social Security numbers, addresses, phone numbers, and energy usage.

Brightpoint secures deal with Google
Hendricks County Flyer - All of these networks becoming higher speed networks with more bandwidth, which will lead into services like mobile banking, mobile TV, mobile advertising, even your wireless device being used as a remote control.

HSBC Holdings appoints Brendan McDonagh as CEO of HSBC North America
CNN Money - LONDON, Feb. 21, 2008 (Thomson Financial delivered by Newstex) — HSBC Holdings PLC (NYSE:HBC PRA) stated it has appointed Brendan McDonagh as chief executive of HSBC North America (NYSE:HBC PR) (NYSE:HBC) Holdings Inc, its banking and consumer finance

NatWest Three set for return to court
Times On the web - Greenwich Natwest is an investment banking arm of Natwest, now owned by Royal Bank of Scotland (RBS). As part of the plea bargain they have agreed to pay RBS $7.3 million.

BancTec to Demonstrate Revenue Cycle Management and Other Solutions at
Forbes - For example, BancTec is the Educational Grantor Sponsor for the Medical Banking Project, which is an affiliation of academic, healthcare, technology and financial experts working on ways to leverage the convergence of banking and healthcare systems

Dolphins fan is now a team owner
Miami Herald - Dolphins owner Wayne Huizenga, right, and Stephen Ross enjoy a light moment during Friday’s news conference announcing that Ross purchased 50 percent of the team for $550 million. Greg Cote’s blog | Huizenga begins his goodbye Blog | Dolphins In

TD Bank Financial Group Management Proxy Circular Now Available
Forbes - Canadian Personal and Commercial Banking, including TD Canada Trust; Wealth Management, including TD Waterhouse and an investment in TD Ameritrade;

2005 IT Budget and Staffing Report: Banking Industry
IT-Analysis.com - Using the extensive input from the over 1,400 survey responses received, Info-Tech has developed insightful conclusions, suggestions, and projections that’ll help you successfully steer your IT department, and enhance your ability to make

IKB seeking approval for stock sale
Associated Press - German state development bank KfW - IKB’s biggest shareholder with almost 38 percent of the company - and other lenders formed a banking pool to protect IKB.

Dresdner Bank to rescue investment fund
International Herald Tribune - Allianz stated Thursday that fourth-quarter profit fell 52 percent to €665 million, or $979.6 million, on subprime-related write-downs and trading losses at its banking division.

Harper government gives science a raw deal, journal Nature states
Globe and Mail - Stan Bladams from Blandford, Canada writes: Hmmm, on the one hand one of the most prestigious science journal in the world, and on the other a political hack defending his practices. And, BTW Jimmy, that’s not a panel of 18 independent scientists, or

HDFC Bank Agrees to India’s Biggest Banking Takeover (Update2)
Bloomberg - Feb. 23 (Bloomberg) — HDFC Bank Ltd., India’s third- biggest by market value, concurred to acquire Centurion Bank of Punjab Ltd. in the nation’s biggest banking takeover as it seeks to extend its reach and become more competitive. The boards of both

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