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Bank

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BNET Industries

Bank of North Dakota: The Bank of North Dakota is owned and operated by the State of North Dakota under the supervision of The Industrial Commission. Co. combines element...; Bank of North Dakota company page on BNET »

BNET Business Dictionary

Bank: a commercial institution that keeps money in accounts for individuals or organizations, makes loans, exchanges currencies, provides credit to businesses, and offers other financial services; Bank definition on BNET »

BNET Resources

Westpac Records 34% Profit Rise: Westpac Banking Corporation Ltd has shrugged off higher costs from the credit crunch to post a solid rise in first half profit, as demand for credit from business and retail customers remained buoyant.Australia's third largest bank reported a 34 per cent increase in net profit, including significant items, such...; Tags: Bank, Financial Services, AAP; News items 2008-05-01
StanChart Plans 10,000 More Staff: By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - Standard Chartered (STAN) said it has made a strong start to 2008 as Asian markets held up well and expects to add at least 10,000 staff this year, in contrast to contraction among rivals caused by...; Tags: Asset, Bank, Financial Services, Asset Management, Operational Planning, Business Operations, Citigroup Inc., Standard Parking Corp.; News items 2008-05-07
BoE Raises Reserve Limits to Help Banks: LONDON (Reuters UK) - Banks will be allowed to hold more funds at the Bank of England with effect from May 8, the central bank said on Friday, giving them greater scope to meet liquidity needs on any given day. The global credit crunch has made...; Tags: Bank, Reserve, BoE, Financial Services, Oukbs; News items 2008-05-02
What the Bank Has to Weigh Up Next Week: By Sumeet Desai LONDON (Reuters UK) - The Bank of England is expected to hold interest rates steady next week but grim economic news clearly leaves open the possibility of another quarter-point cut as the central bank prepares its new forecasts. Only 5 out of 65...; Tags: Bank, Inflation, Financial Services, Currency & Foreign Exchange, Finance, Oukbs; News items 2008-05-02
King Says Banks Bonus Culture Fuelled Credit Crunch: By Sumeet Desai and Matt Falloon LONDON (Reuters UK) - Financial institutions must stop encouraging excessive risk-taking with huge bonuses, Bank of England Governor Mervyn King said on Tuesday, as he blamed banks and their compensation culture for the credit crunch. In his most outspoken attack...; Tags: Bank, Financial Services, King, London, Oukbs; News items 2008-04-29

Lloyds TSB Says on Track Despite Writedown: By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - Lloyds TSB (LLOY) said it should deliver a good performance in the first half and had no need to follow rivals and ask investors for funds despite taking another 387 million pound writedown. Lloyds, the country's...; Tags: Asset, Bank, Lloyds TSB, Financial Services, Asset Management, Operational Planning, Business Operations, Oukbs; News items 2008-05-06
House Prices Fall at Sharpest Pace Since 1993: By Matt Falloon and Sumeet Desai LONDON (Reuters UK) - House prices suffered their steepest annual fall in 15 years in April, stoking fears of a deep downturn, as figures showed more than 25,000 people succumbed to bad debt in the first three months of the...; Tags: Bank, Analyst, Financial Services, Oukbs; News items 2008-05-02
Germany Criticises BoE Over Northern Rock: BERLIN (Reuters UK) - The Bank of England made a mistake last year in not pumping enough extra funding into money markets at the height of the mortgage crisis, German Finance Minister Peer Steinbrueck said on Friday. In an apparent reference to a run by depositors...; Tags: Bank, Financial Services, Oukbs, Steinbrueck; News items 2008-04-25
HSBC Bank Canada Profit Rises: TORONTO (Reuters UK) - HSBC Bank Canada said on Tuesday that its first-quarter net income rose 11.5 percent, as higher non-interest revenue offset lower net interest margins. Net income was C$155 million (78.5 million pounds) in the three months ended March 31, up from C$139 million...; Tags: Revenue, Bank, Financial Services, Operational Accounting, Finance, Hsbcbankcanada, Oukbs; News items 2008-05-06
Bank Not Participating in Liquidity Actions: LONDON (Reuters UK) - The Bank of England said on Friday it was not joining other major central banks in injecting dollars into financial markets. "We have not been seeing evidence that the London market is short of dollars and so we did not see a...; Tags: Bank, Liquidity, Financial Services, Oukbs; News items 2008-05-02
Fed Says Banks Still Tightening Loan Standards: By Glenn Somerville WASHINGTON (Reuters) - Banks in the United States kept tightening lending standards and terms for both business and consumer loans over the past three months out of concern about a weakening economic outlook, according to a Federal Reserve ...; Tags: Marketing research, Financial services, Federal Reserve Board, consumer loan, survey, bank, standards, banking, commercial real estate, Washington, liquidity, investment, M&A, interest rate, Thomson Reuters Corp., U.S., job, finance, agency, merger, financial; News items 2008-05-05
Credit Losses May Be Half of Estimates: By Matt Falloon LONDON (Reuters UK) - The scale of losses and the economic fallout from the global credit crunch may not be as bad as feared and subprime losses could end up costing less than half market forecasts, the Bank of England said on Thursday....; Tags: Bank, Financial, Financial Services, Oukbs; News items 2008-05-01
ANZ CEO Admits Opes Has Hurt the Brand: ANZ banking Group Ltd's chief Mike Smith admitted the bank's involvement with collapsed margin lender Opes Prime had damaged its brand."The reputational issue is what it's all about," Mr Smith said."In terms of the actual size of the problem, it's very small, of course. But in terms of reputation...; Tags: Bank, Brand, ANZ, Financial Services, AAP; News items 2008-04-23
Mortgage Approvals Tumble: LONDON (Reuters UK) - Mortgage approvals for house purchases fell in March to their lowest level since comparable records began, suggesting a housing market downturn is gathering pace. Figures from the Bank of England on Tuesday showed mortgage approvals -- a leading indicator of housing demand...; Tags: Bank, Mortgage Approval, Financial Services, HBOS Plc., Oukbs; News items 2008-04-29
Bad Debt to Bite Into ANZ Earnings: With close to $1 billion in bad debt provisions already tagged for ANZ Banking Group Ltd's interim result this week, analysts are now wondering how more trouble is to come.ANZ's exposure to high profile casualties of the credit crunch and bear market conditions is expected to result in its...; Tags: Bank, Analyst, Earnings, Financial Services, AAP; News items 2008-04-22
Union Bank of California Sells Insurance Unit to BB&T: Union Bank of California has fared much better than many larger banks in the face of a souring mortgage market, but that hasn't kept it from taking a more cautious approach. So it's selling its insurance subsidiary, Union Bank Insurance Services, to BB&T Insurance of Raleigh, N.C. ...; Tags: Bank, Insurance, Union Bank Of California, Financial Services, Mortgages, Finance, Capital Structures, Kevin Kelleher; Blog posts 2008-04-23
JPMorgan Says No End to Financial Crisis Near-paper: FRANKFURT (Reuters UK) - JPMorgan Chase & Co (JPM) does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday. "We can only speculate how deep and how long...; Tags: Bank, Financial, J.P. Morgan Chase & Co., Dimon, Financial Services, Citigroup Inc., Oukbs, xxBear Stearns Co.xx; News items 2008-05-03
JPMorgan Says No Near End to Financial Crisis: Report: FRANKFURT (Reuters) - JPMorgan Chase & Co (JPM) does not expect the U.S. financial crisis to end soon and will remain very cautious, its top executive said in comments published by a German weekly on Saturday. "We can only speculate how deep and...; Tags: Financial services, J.P. Morgan Chase & Co., Frankfurt, top executive, bank, Balanced Scorecard, C, Thomson Reuters Corp., U.S., shareholder, financial, job; News items 2008-05-03
RBS Set to Announce Rights Issue: By Steve Slater and Clara Ferreira-Marques LONDON (Reuters UK) - Royal Bank of Scotland (RBS) and its combative CEO Fred Goodwin are set to announce Europe's biggest-ever rights issue and over $10 billion (5 billion pounds) of losses on investments this week, taking centre stage ...; Tags: Bank, Insurance, Balance Sheet, RBS, American International Group Inc., Goldman Sachs & Co., HBOS Plc., Merrill Lynch & Co. Inc.; News items 2008-04-21
Wachovia to Pay Up to $144 Mln to Settle Probe: By John Poirier WASHINGTON (Reuters) - Wachovia Bank agreed to pay as much as $144 million to settle allegations it failed to help consumers who fell prey to schemes operated by telemarketers that maintained accounts at the bank, regulators said on ...; Tags: Financial services, Wachovia Corp., bank, regulator, telemarketing, Washington, payment, settlement, barrier, Thomson Reuters Corp.; News items 2008-04-25