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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 »

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Morgan Stanley Begins Initiatives to Build New Bank Deposits: Raises $3 Billion in CDs in Just Four Weeks 8,500 Financial Advisors in Global Wealth Management Group Ramping Up to Market Banking Services NEW YORK -- Morgan Stanley announced today that it had begun new initiatives, including leveraging its 8,500 Financial Advisors, 500 retail offices, and new Bank...; Tags: bank, Banking, Morgan Stanley; Research articles 2008-10-29
Plan for bank risk rethink: UK BANKS could face a raft of checks and balances to avoid a repeat of the current crisis in a fundamental rethink of risk, the Bank of England said today. The industry expanded too far in the good times without strong enough funding to cope when things turned sour,...; Tags: bank, Bank of England; Research articles 2008-10-28
World Tonight: Stop a repeat: UK banks could face a raft of checks and balances to avoid a repeat of the current crisis in a "fundamental rethink" of risk, the Bank of England said today. The industry expanded too far in the good times without strong enough funding to cope when things turned sour, the...; Tags: bank, Bank of England; Research articles 2008-10-28
MEDIA ADVISORY: BioDefense Corporation Sees Rash of "White Powder" Incidents at Reuters, New York Times, and Major Banks as Real Bio-Chemical Assaults, Not "Hoaxes": Booth # 1783, International Security Conference/East , Javits Center -- BioDefense Corporation ( http://www.biod.com ), producers of the new MAIL DEFENDER complete mailroom security solution, says, "incoming mail containing white powder discovered at Reuters, the New York Times and major financial institutions are not 'hoaxes,' rather they are 'bio-chemical assaults,'...; Tags: assault, bank, computer, New York Times Co., PRODUCTIVITY, Thomson Reuters Corp.; Research articles 2008-10-28
Big write-downs lead to $5.4M 3Q loss for Baltimore-based Provident: Provident Bankshares Corp. took a $5.4 million net loss for the third quarter, compared to a gain last year, because of $24.6 million in write-downs in residential loan portfolios, the company reported Monday. Provident also said that the U.S. Treasury had accepted the bank into its Troubled...; Tags: bank, Provident Bank; Research articles 2008-10-28

UCBH Holdings, Inc. Receives Preliminary Approval to Participate in the U.S. Treasury's Capital Purchase Program: SAN FRANCISCO -- UCBH Holdings, Inc. (NASDAQ:UCBH), the holding company of United Commercial Bank (UCB[TM]), today announced that on October 24, 2008, it has received preliminary approval for an investment of $298 million from the U.S. Department of the Treasury (the "Treasury") to participate in its Capital Purchase Program (the...; Tags: bank, Company, financial, U.S., U.S. Department of Treasury, UCBH Holdings Inc., United; Research articles 2008-10-27
A.M. Best Special Report: Treasury Department, Regulators Respond to Global Financial Crisis: OLDWICK, N.J. -- The Treasury Department and banking regulators unveiled several initiatives to unlock frozen credit markets and help restore confidence in the nation's banking system amid a growing global financial crisis. The Treasury Department will directly invest as much as $250 billion in financial institutions as part of the...; Tags: A.M. Best Co., bank, Banking, financial, regulator, U.S. Department of Treasury; Research articles 2008-10-27
A.M. Best to Sponsor and Exhibit at American Bankers Association Annual Convention: OLDWICK, N.J. -- A.M. Best Co. will be sponsoring and exhibiting at the American Bankers Association 2008 Annual Convention, Market Expo & Directors' Forum, November 9-12 at the Hilton San Francisco. Representatives will be available at booth #706 to discuss A.M. Best's interactive credit ratings for U.S. banks. A.M....; Tags: A.M. Best Co., American Bankers Association, bank; Research articles 2008-10-24
US Airways Group Inc raises USD950m in financing and liquidity commitments: AIRLINE INDUSTRY INFORMATION-C1997-2008 M2 COMMUNICATIONS LTD US Airways Group Inc (NYSE:LCC) declared on 23 October that it has raised approximately USD950m of financing and near-term liquidity commitments, as part of a comprehensive liquidity programme that was announced in August. The company closed on USD800m of these transactions, with...; Tags: bank, FINANCE, financing, Investment, liquidity, US Airways Group Inc.; Research articles 2008-10-24
Mortgage rescue plans ignore tax consequences: The world is full of unintended consequences, and it's time the presidential candidates started thinking about them. The subject, my friends, is debt relief - and the unintended consequences might be a huge tax bill for the unburdened debtors. In separate statements at two...; Tags: accounting, asset, bank, FINANCE, Internal Revenue Service, mortgage, Taxes; Research articles 2008-10-24
US Airways Group, Inc. Secures $950 Million in Financing and Liquidity Commitments: TEMPE, Ariz. -- US Airways Group, Inc. (NYSE: LCC) announced today that as part of a comprehensive liquidity program launched in mid August, the Company has raised approximately $950 million of financing and near-term liquidity commitments. On October 20, 2008 the Company closed on $800 million of these transactions with...; Tags: bank, Company, FINANCE, financial, financing, Investment, liquidity, US Airways Group Inc.; Research articles 2008-10-23
J.P. Morgan Signs on for DTCC's Loan/SERV to Automate Syndicated Loan Services: NEW YORK -- The Depository Trust & Clearing Corporation DTCC announced today that J.P. Morgan, the largest global agent bank in the syndicated loan market, has joined a group of leading banks to support DTCC's Loan/SERV and will begin using the new suite of services to automate and streamline the...; Tags: agent, bank, DTCC, J.P. Morgan Chase & Co.; Research articles 2008-10-23
Seacoast Commerce Bank is Top SBA Lender in San Diego 2nd Year in a Row: CHULA VISTA, Calif. -- Seacoast Commerce Bank (OTCBB:SCCB) today announced that its SBA Department was ranked #1 in SBA 7a loan production in the San Diego District Office of the U.S. Small Business Administration for the fiscal year ended September 30, 2008, for the 2nd year in a row. In...; Tags: bank, U.S. Small Business Administration; Research articles 2008-10-21
STORM Networks Collaborates with Major Financial Institutions to Launch New Online Application Service Platform for Corporate Bank Loan Market: STORM Loan Marketplace[TM] Designed to Reduce Risks and Costs While Expediting Primary and Secondary Trade Settlement HAWTHORNE, N.Y. -- STORM Networks, LLC, solutions provider for the global financial services industry, today announced the introduction of a new online application service platform for buy and sell-side institutions participating in the...; Tags: bank, Bank of America Corp., Credit Suisse Group AG, FINANCE, financial, Morgan Stanley, network, settlement; Research articles 2008-10-20
Fitch Comments On U.S. Government Programs to Stabilize & Strengthen Banks: CHICAGO & NEW YORK -- Fitch views the recent steps taken by the U.S. government to aid in the return to stability for broad capital markets and financial institutions as very positive in terms of addressing investor concern and confidence. The programs provide banks with immediate access to new tools...; Tags: bank, Fitch, U.S. Government; Research articles 2008-10-20
ServisFirst Bancshares, Inc. Reports Third Quarter 2008 Earnings: BIRMINGHAM, Ala. -- ServisFirst Bancshares, Inc. today reported earnings for the quarter ending September 30, 2008. THIRD QUARTER 2008 HIGHLIGHTS: * Quarterly Net Income increases 39% year/year * Quarterly Deposit growth of 27% year/year, with no brokered deposits * Dothan Regional Office opened in 3rd Quarter...; Tags: bank, SEC; Research articles 2008-10-20
World Bank denies committing $10 bln. for S.E. Asia standby facility: WASHINGTON, Oct. 16 Kyodo The World Bank on Wednesday denied it has committed $10 billion for a standby facility specifically to assist Southeast Asian countries facing severe liquidity problems amid the global financial crisis, as Philippine President Gloria Macapagal-Arroyo had suggested earlier the same day....; Tags: bank, FINANCE, financial, IMF, World Bank; Research articles 2008-10-20
Gresham Computing plc at Association of Finance Professionals Conference, Los Angeles October 19-22, 2008: NEW YORK -- Gresham Computing plc ("Gresham") is pleased to announce that Eric Sepkes, Chairman of Gresham, is attending the upcoming Association of Financial Professionals AFP conference in Los Angeles. Eric Sepkes spent 38 years at Citi in various roles and is well known for his thought leadership in...; Tags: Agence France-Presse, bank, computing, FINANCE, financing, Investment, liquidity, SOFTWARE; Research articles 2008-10-17
Fitch Takes Rating Actions on Muni Bonds backed by Morgan Stanley & Morgan Stanley Bank, N.A: NEW YORK -- In conjunction with the recent downgrades on the long- and short-term Issuer Default Ratings IDRs of Morgan Stanley and Morgan Stanley Bank, N.A., Fitch Ratings has taken various rating actions on municipal bonds with liquidity facilities and letters of credit LOCs by Morgan Stanley and Morgan Stanley...; Tags: bank, FINANCE, Fitch, Investment, Morgan Stanley; Research articles 2008-10-16
Merrill Lynch Fund Manager Survey Finds Investors Accepting Recession Reality: Increasing numbers believe equities are undervalued NEW YORK & LONDON -- Investors are waiting for the right conditions to return to equity markets amid the most pessimistic outlook yet recorded, according to Merrill Lynch's Survey of Fund Managers for October. The survey, completed as global equity markets fell...; Tags: bank, equity, FINANCE, Investment, investor, Merrill Lynch & Co. Inc., recession, survey; Research articles 2008-10-15