Recent Banking Articles page 11

The Independent - A decade-long push into investment banking by one of America's biggest retail banks came to an abrupt and painful end yesterday, as Bank of America said the credit crisis had destroyed its Wall Street profits. Ken Lewis, the ambitious chief executive ...

MSN MoneyCentral - Bank of America, the second-biggest US lender, signalled it could dramatically scale back its investment banking division after shocking the markets on Thursday with a 32 per cent drop in third-quarter earnings. Announcing a review of every business ...

MSN MoneyCentral - The Colorado State Banking Board on Thursday approved two new rules that will require state-chartered banks to make sure borrowers understand the potential risks they face in selecting nontraditional mortgage products. The new rules, CB101.65 and ...

Reuters - NEW YORK, Oct 18 (Reuters) - Bank of America Corp (BAC.N: Quote , Profile , Research ) on Thursday said it expects to make changes within its investment banking business and said its outlook for the first half of 2008 in that business is less robust ...

Hindustan Times - HSBC India on Thursday launched its global personal banking service, through which its Premier category customers will be in a position to take their account with them to any of the 35 countries, while on travel or on shifting permanently. “HSBC ...

Newsday - BofA, considered a bellwether for the banking industry because it has branches across the country, said "significant dislocations" in the capital markets caused third-quarter results to fall 32 percent. The disappointing results follows similar ...

Reuters - BB&T operates 1,501 banking offices in 11 U.S. states and Washington, D.C. Average loans and leases rose about 10 percent to $89.1 billion and average deposits rose 6.4 percent to $84.2 billion. The bank had assets totaling $130.8 billion at the end ...

Newsday - Capital One Healthcare Finance -- a branch of the banking and financial services company -- offers fertility loans ranging from $1,000 to $25,000 for IVF and other treatments. The loans are paid back in monthly installments over up to five years. ...

Forbes - ZURICH (Thomson Financial) - Swiss shares were lower in early afternoon trade as banks fell across the board in the wake of weak earnings in the sector in the US, overshadowing third-quarter results news from Nestle , Novartis and Syngenta . At 2.00 ...

CNBC - Bank of America's disappointing results sent U.S. stock index futures down Thursday morning, offsetting some relatively good news from the tech and drug sectors and setting the stage for a poor start for Wall Street. [ BAC   Loading ...