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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 Deal Raises Hopes of Australia bank Shake-out: By Victoria Thieberger MELBOURNE (Reuters) - The largest banking takeover in Australia's corporate history has spurred investors to pile into shares of smaller banks in the hope of a sector shake-out. Westpac Banking Corp Ltd's WBC $17.6 billion all-share bid for smaller rival...; Tags: Bank, St George, Labor Government, Financial Services, Bendigo Bank, Dealtalk, Southwest Georgia Financial Corp., Sunoco Inc.; News items 2008-05-13
C.Agricole Cash Call as Europe's banks Bleed Again: By Steve Slater LONDON (Reuters UK) - French bank Credit Agricole joined the growing list of lenders asking shareholders for billions of euros in extra cash while a trio of other European banks also revealed new scars from the credit crunch on Tuesday. Agricole CAGR, France's...; Tags: Bank, Agricole, Financial Services, HBOS Plc., Oukbs, SocGen; News items 2008-05-13
Northern Rock Warns on Arrears: By Clara Ferreira-Marques LONDON (Reuters UK) - Troubled Northern Rock, nationalised earlier this year, boosted savings in the first quarter and kept to plans to radically shrink mortgage lending, but warned of rising arrears in an uncertain home market. The bank -- the most aggressive home...; Tags: Bank, Mortgages, Financial Services, Finance, Capital Structures, Oukbs; News items 2008-05-12
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
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

Australia's Westpac Bids $17.6 Billion For St George: By Miranda Maxwell SYDNEY (Reuters) - Westpac Banking Corp Ltd WBC launched a $17.6 billion all-share bid for smaller rival St George Bank Ltd SGB in a tie-up that would create Australia's biggest bank by market value. Analysts said the deal could trigger...; Tags: Financial services, bank, Australia, market value, Sydney, earnings forecast, shareholder, market capitalization, analyst, capital market, cost savings, Thomson Reuters Corp., interest rate, earnings per share, merger, board, industry; News items 2008-05-12
NAB Or ANZ Offer For St George Too Hard: It would be hard for National Australia Bank or ANZ to launch a counterbid for St George Bank because the acquisition would take at least four years to pay off, a broker said.But analysts at Goldman Sachs JBWere believe the banks might still be willing to suffer to get...; Tags: Bank, Earnings Per Share, ANZ, NAB, Financial Services, Financial Accounting, Finance, AAP; News items 2008-05-14
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
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
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
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
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
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, commercial real estate, banking, Washington, investment, liquidity, M&A, U.S., interest rate, Thomson Reuters Corp., job, merger, agency, finance, financial; News items 2008-05-05
Long Slump May Follow Crunch: JPMorgan CEO: By Joseph A. Giannone NEW YORK (Reuters) - JPMorgan Chase & Co JPM Chairman and Chief Executive Jamie Dimon on Monday told bank investors that while the current credit market crunch may soon be over, the U.S. economy could still face a deep...; Tags: Mortgages, Financial services, mortgage, J.P. Morgan Chase & Co., bank, bond, LBO, receivables, New York, asset, Thomson Reuters Corp.; News items 2008-05-12
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
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
Credit Agricole to Raise $9.1 Bln After Writedown: By Sudip Kar-Gupta PARIS (Reuters) - France's biggest retail bank Credit Agricole CAGR sought 5.9 billion euros ($9.1 billion) from its shareholders to shore up its capital after new writedowns at its Calyon investment bank, hitting its shares. Agricole's confirmation of the planned...; Tags: Bank, Agricole, Calyon Investment Bank, Banking, Financial Services, HBOS Plc.; News items 2008-05-13
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