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Latest BANK News and Developments

Markets subdued; Sterlite gains, BHEL drops - MSN India
( Thu, 07 Aug 2008 12:11:00 GMT )

Markets subdued; Sterlite gains, BHEL drops
MSN India, India - 13 minutes ago
HDFC rallied 3.4% to Rs 2477, and HDFC Bank added 3% to Rs 1254. Grasim, Mahindra & Mahindra and Maruti gained 2.5% each at Rs 2089, Rs 576 and Rs 669, ...

Russian stocks rise faster in afternoon trade - RosBusinessConsulting
( Thu, 07 Aug 2008 12:13:08 GMT )

Russian stocks rise faster in afternoon trade
RosBusinessConsulting, Russia - 11 minutes ago
Experts note that while the banking sector looks attractive, it is fairly risky to buy bank shares in the near term as the correlation between the Russian ...

ECB, BoE leave interest rates unchanged - BusinessWeek
( Thu, 07 Aug 2008 12:15:00 GMT )

ECB, BoE leave interest rates unchanged
BusinessWeek - 9 minutes ago
The European Central Bank has kept its benchmark interest rate unchanged at 4.25 percent even as the 15 countries that use the euro face continued high ...

Tower Semiconductor in Advanced Negotiations for Restructuring ... - Biloxi Sun Herald
( Thu, 07 Aug 2008 12:10:00 GMT )

Tower Semiconductor in Advanced Negotiations for Restructuring ...
Biloxi Sun Herald, USA - 14 minutes ago
... is currently in advanced stages of negotiation of a restructuring arrangement of its long-term debt with its lender banks, Bank Leumi and Bank Hapoalim, ...

20088719:04 BJT -
( Thu, 07 Aug 2008 12:13:39 GMT )

20088719:04 BJT
, China - 10 minutes ago
UL to set a new deadline for a $6.3 billion deal for control of Korea Exchange Bank. "We have not created a deadline," HSBC spokesman David Hall said.

Talaat Moustafa drops, Egypt's main index ends down - Reuters South Africa
( Thu, 07 Aug 2008 12:10:16 GMT )

Talaat Moustafa drops, Egypt's main index ends down
Reuters South Africa, South Africa - 14 minutes ago
Shares of Commercial International Bank, Egypt's largest lender by market value, gained 1.7 percent to 50.30 pounds. The stock has risen more than 2 percent ...

ECB keeps key rates steady - India Infoline.com
( Thu, 07 Aug 2008 12:11:11 GMT )

ECB keeps key rates steady
India Infoline.com, India - 13 minutes ago
European Central Bank keeps key rates unchanged amid growing concerns about an economic downturn for the euro zone. European Central Bank has kept the key ...

Fitzgerald fondly remembers Raymylette - Setanta Sports
( Thu, 07 Aug 2008 12:11:52 GMT )

Fitzgerald fondly remembers Raymylette
Setanta Sports, UK - 12 minutes ago
I won the Betterware Gold Cup on him and the First National Bank Chase having won the Cathcart on him. "I think the world was his oyster until unfortunately ...

Israeli officer, soldier charged in West Bank shooting - AFP
( Thu, 07 Aug 2008 12:15:53 GMT )

Israeli officer, soldier charged in West Bank shooting
AFP - 8 minutes ago
The protester, Ashraf Abu Rahma, 27, was lightly hurt and treated at the scene of the incident on July 7 in Nilin, an occupied West Bank village where ...

World Energy Reports Financial Results for Q2 2008 - Stockhouse
( Thu, 07 Aug 2008 12:11:53 GMT )

World Energy Reports Financial Results for Q2 2008
Stockhouse, Canada - 12 minutes ago
At June 30, 2008, the Company had no long-term bank debt and cash and cash equivalents of $2.3 million, compared with $4.1 million at March 31, 2008. ...

20088719:05 BJT -
( Thu, 07 Aug 2008 12:13:42 GMT )

20088719:05 BJT
, China - 10 minutes ago
UL to set a new deadline for a $6.3 billion deal for control of Korea Exchange Bank. "We have not created a deadline," HSBC spokesman David Hall said.

Delta Petroleum Corporation Announces Second Quarter 2008 ... - Denver Post
( Thu, 07 Aug 2008 12:10:52 GMT )

Delta Petroleum Corporation Announces Second Quarter 2008 ...
Denver Post, CO - 13 minutes ago
EBITDAX is also a financial measurement that, with certain negotiated adjustments, is reported to our lenders pursuant to our bank credit agreement and is ...

Indian shares end flat ahead of inflation data - Hemscott
( Thu, 07 Aug 2008 12:09:45 GMT )

Indian shares end flat ahead of inflation data
Hemscott, UK - 14 minutes ago
HDFC Bank Ltd., India's second largest private sector bank, rose 3.37 percent to 2476.60 rupees. Telecom shares Bharti Airtel Ltd., Reliance Communications ...

Lehman seen looking to Asia - Reuters UK
( Thu, 07 Aug 2008 12:10:03 GMT )

Lehman seen looking to Asia
Reuters UK, UK - 14 minutes ago
... report saying it had agreed with US private equity firm Lone Star to set a new deadline for a $6.3 billion deal for control of Korea Exchange Bank. ...

20088719:29 BJT -
( Thu, 07 Aug 2008 12:13:28 GMT )

20088719:29 BJT
, China - 11 minutes ago
UL to set a new deadline for a $6.3 billion deal for control of Korea Exchange Bank. "We have not created a deadline," HSBC spokesman David Hall said.

Losses deepen at Dresdner Kleinwort - Financial News
( Thu, 07 Aug 2008 12:14:40 GMT )

Losses deepen at Dresdner Kleinwort
Financial News, UK - 9 minutes ago
In the second quarter of last year the investment bank made a profit of 158m. The result in investment banking contributed to a third consecutive quarter ...

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