Banking NewsBanking news continually updated from thousands of sources around the net.Australian bank posts 7 pct rise in annual profit- August 13, 2008 Australia's largest bank by market value, Commonwealth Bank of Australia Ltd., posted on Wednesday a 7 percent rise in annual profit and forecast the local economy to grow modestly amid continued headwinds from ...http://www.topix.net/business/banking/2008/08/australian-bank-posts-7-pct-rise-in-annual-p... Wells Fargo says customer data access stolen- August 13, 2008 Wells Fargo & Co. is notifying some 5,000 people that their personal information might have been seen by someone using a bank access code illegally.http://www.topix.net/business/banking/2008/08/wells-fargo-says-customer-data-access-stolen... Stocks fall sharply amid financial sector concerns- August 13, 2008 Wall Street slid Tuesday as downbeat news from JPMorgan Chase & Co. and other financial companies increased the market's nervousness about the continuing impact of the credit crisis on the economy. The Dow Jones industrials fell nearly 140 points.The latest reminder of continuing troubles for banks and brokerages came when JPMorgan said late Monday it has incurred wider losses in its mortgage holdings so far in the third quarter than in the second quarter. The nation's second-largest bank...http://www.topix.net/business/banking/2008/08/stocks-fall-sharply-amid-financial-sector-co... JP Morgan sees new losses- August 12, 2008 Aug. 12 - JP Morgan Chase, a U.S. bank spared the worst of the credit crunch, warned it will take a $1.5 billion write-down for the current quarter.http://www.topix.net/business/banking/2008/08/jp-morgan-sees-new-losses?fromrss=1 JPMorgan Reports $1.5 Billion Loss Since July- August 12, 2008 JPMorgan Chase & Co incurred losses of about $1.5 billion for the quarter to date, as it continued to be hurt by wider credit spreads, lower levels of liquidity, as well as the disruption in the credit and ...http://www.topix.net/business/banking/2008/08/jpmorgan-reports-1-5-billion-loss-since-july... UBS logs a loss, takes $5.1-billion writedown- August 12, 2008 Switzerland's largest bank, which also announced further management changes, said its net loss attributable to shareholders for the three months ended June 30 was 358 Swiss francs , compared with a profit of ...http://www.topix.net/business/banking/2008/08/ubs-logs-a-loss-takes-5-1-billion-writedown?... Suffolk DA Accuses Ex-Lawmaker of Taking Bribes- August 12, 2008 A former Suffolk County legislator pleaded not guilty Monday after being accused of taking more than $10,000 in bribes to help a businessman win a contract to operate a county-owned golf course on Long Island.http://www.topix.net/business/banking/2008/08/suffolk-da-accuses-ex-lawmaker-of-taking-bri... Cathay Pacific cuts North American flights, including Vancouver 2 hours ago- August 12, 2008 Cathay Pacific Airways Ltd., Hong Kong's biggest carrier, will trim flights to North America and add more services to Australia as it juggles capacity to offset the impact of surging fuel prices.http://www.topix.net/business/banking/2008/08/cathay-pacific-cuts-north-american-flights-i... U.S. judge dismisses Parmalat suit vs BoA, Citigroup- August 11, 2008 A U.S. District Court judge dismissed a class action lawsuit against Bank of America and Citigroup Inc on behalf of buyers of shares in Parmalat, the Italian dairy company that collapsed in 2003.http://www.topix.net/business/banking/2008/08/u-s-judge-dismisses-parmalat-suit-vs-boa-cit... Ny Ag investigating JPMorgan, Morgan Stanley and Wachovia sales of auction-rate securities- August 11, 2008 Last week, Cuomo's office and the Securities and Exchange Commission reached settlements that forced Swiss bank UBS to repurchase $18.6 billion in the securities, while Citigroup agreed to buy back $7 billion ...http://www.topix.net/business/banking/2008/08/ny-ag-investigating-jpmorgan-morgan-stanley-... |