Posts Tagged ‘Bank’

FSG Bank Had $35 Million Loss In 2009

FSG Bank Had $35 Million Loss In 2009
First Security Group, Inc. (NASDAQ: FSGI), reported a net loss available to common shareholders of $3.1 million, or $0.20 per diluted share for the fourth quarter of 2009, and a net loss of $35 million for 2009. Full year results included a non-cash goodwill impairment charge of $24.8 million, net of tax, in the third quarter of 2009. Excluding the goodwill impairment charge, the net loss was …

Read more on The Chattanoogan

Bedigo Bank grows first half earnings by 24pc

Bedigo Bank grows first half earnings by 24pc
Bendigo and Adelaide Bank has doubled first half profit as the regional lender remains cautiously optimistic about future financial performance.

Read more on thewest.com.au

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions

Eaton Vance Closed-End Bank Loan Funds Declare Monthly Distributions
Eaton Vance Management, the Boston-based investment adviser, announced the monthly distributions declared on the common shares of two of its closed-end bank loan funds . As portfolio and market conditions change, the rate of future distributions may change.

Read more on PR Newswire via Yahoo! Finance

China raises bank reserve level to cool credit

China raises bank reserve level to cool credit
China ordered banks Friday to increase reserves for a second time in a month to cool a credit boom without resorting to interest rate hikes that might derail a recovery in the world’s third-largest economy.

Read more on USA Today

1st American State Bank of Minnesota is closed

1st American State Bank of Minnesota is closed
The Minnesota-based 1st American State Bank has been closed by regulators, the 16th such bank closing in 2010.

Read more on MalaysiaNews.net

OneUnited Bank Launches Loan Programs For Urban Communities

OneUnited Bank Launches Loan Programs For Urban Communities
Boston-based OneUnited Bank has launched a new lending program for urban communities, offering 30-year and 15-year fixed rate loans at what it calls reasonable rates.

Read more on Banker & Tradesman

Bank of England: savings rates could fall further

Bank of England: savings rates could fall further
The Bank of England Governor suggests interest rates could remain at their all-time low well into next year.

Read more on Daily Telegraph

Renaissance breaches bank loan

Renaissance breaches bank loan
Renaissance Corporation says it has breached one of the terms of its bank loans and its new CEO is conducting a full review of the technology product distributor and retailer’s operations.

Read more on Marlborough Express

Commonwealth Bank Net Rises on Fewer Defaults, Market Recovery

Commonwealth Bank Net Rises on Fewer Defaults, Market Recovery
Feb. 10 (Bloomberg) — Commonwealth Bank of Australia , the nation’s biggest lender, said fiscal first-half profit climbed 13 percent as fewer customers defaulted on loans and global markets recovered.

Read more on Bloomberg

Australia’s Commonwealth Bank H1 jumps 54 pct

Australia’s Commonwealth Bank H1 jumps 54 pct
* CBA result in line but shy of giving more guidance

Read more on Reuters via Yahoo! Singapore News