Recent Banking Articles page 5

Forbes - Intesa Sanpaolo down 0.64 pct at 5.26 despite the comments from Morgan Stanley which singles out the Italian bank, along with DnB Nor, as the most defensive names in the European banking sector. -Fiat down 1.03 pct at 22.16, correcting after Friday's ...

Washington Post - Banking giant Citigroup's chairman and chief executive Charles Prince resigned on Sunday as the bank said it may write off $11 billion of subprime mortgage losses, on top of a $6.5 billion write-down last quarter. Concerns about the banking sector ...

MSN UK News - He added that the banking industry needed to become more open. "We need to get to a far better situation where there is a great deal more transparency, more openness, so people understand the risks to which these banks have become exposed and they ...

Reuters UK - Nov. 2 - The turmoil in the banking sector is back due to concerns about the health of major banks' balance sheets. Some analysts say billions of dollars in more write-downs are in the pipeline as banks try to place a value on soured investments

CNN Money - Iwata said it was banking on the "Wii Fit" game due out later this year in Japan to buoy future sales. The game allows players to weigh themselves, check their balance and play fitness games like yoga, hula hoops and ski jumping. Nintendo also ...

Newsday - The executive sought to reassure investors, however, noting steps the company has taken to secure financing, tighten underwriting standards and shift its mortgage lending business into its banking subsidiary, Countrywide Bank. Origination volume ...

Chicago Tribune - The credit squeeze, brought about by escalating subprime mortgage defaults, has given the banking industry trouble. Wall Street hopes the Federal Reserve will lower interest rates again when it meets next week, after cutting them in September. Dow ...

Miami Herald - Israel has decided to move an upcoming military exercise off the disputed Golan Heights to avoid further heightening tensions with neighboring Syria, defense officials said. The border has been jittery since Sept. 6, the date of a mysterious raid by ...

Miami Herald - Waste Management Inc., the nation's largest garbage hauler, said Friday its third-quarter earnings fell 7 percent, missing Wall Street's expectations, on the impact of a labor stoppage and rising crude oil prices. The company also cut its full-year ...

Miami Herald - Miami drivers may soon be caught on camera running a red light. City commissioners have voted once already in favor of installing red-light cameras at traffic intersections. A second vote is needed for the decision to be final. A date for that has ...