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Euro drops against dollar as risk-appetite wanes
The euro dropped against the dollar on Tuesday as risk appetite eased amid renewed concerns surrounding the Greek debt crisis and the possibility that China will raise its key interest rate, analysts said.
Read more on AFP via Yahoo! News

World markets stall after Greece gets debt warning
World stocks stalled Tuesday after comments on Greece by Standard & Poor’s underlined that the debt laden country may be unable to avoid defaulting.
Read more on AP via Yahoo! News

European Week: Euro area finance ministers set the tone for central banks week
European Week: Euro area finance ministers set the tone for central banks week
Read more on MENAFN

German Banks to Meet on Greek Aid Push
Germany’s biggest banks and insurers will meet with the Finance Ministry in Berlin tomorrow as they seek to reach an agreement on their contribution to a Greek aid package, according to two people with knowledge of the matter.
Read more on Bloomberg

Crescent State Bank Hosts Junior Bank Board Tour

Cary, NC (PRWEB) April 6, 2005

Crescent State Bank, the wholly owned subsidiary of Crescent Financial Corporation, (Nasdaq SmallCap CRFN) will be conducting a Junior Bank Board meeting on April 22, when Debbie McLamb, Vice-President and Branch Operations Officer, will accompany the students on a tour of the Federal Reserve. This tour will demonstrate to the students how money travels between banks, how money is destroyed, and how the bank processes checks.

“We are pleased to sponsor this trip to the Federal Reserve,” said Michael Carlton, President. “This trip is just one of the many ways for us to help teach young adults to be responsible money managers.”

About the Junior Bank Board:

The Junior Bank Board is program aimed at the junior and senior students of Cary High School, and designed to mold these young adults into responsible money savers. The Junior Bank Board strives to accomplish their goals through educating the students on the fundamentals of banking and the business community, and how they work together to build strong and responsible communities.

About Crescent State Bank:

Crescent State Bank is a wholly owned subsidiary of Crescent Financial Corporation. The Bank was opened in December 1998 to serve the financial needs of the communities it serves. The bank has total assets of approximately $ 331 million and deposits of approximately $ 274 million as of December 31, 2004, with nine full service banking offices in the communities of Cary (2), Apex, Clayton, Garner, Holly Springs, Sanford, Southern Pines, and Pinehurst, North Carolina.

Investors can access additional corporate information, product descriptions, and online services through the Bank’s website at http://www.crescentstatebank.com.

Information in this press release contains “forward-looking statements.” These statements involve risks and uncertainties that could cause actual results to differ materially, including without limitation, the effects of future economic conditions, governmental fiscal and monetary policies, legislative and regulatory changes, the risks of changes in interest rates, and the effects of competition. Additional factors that could cause actual results to differ materially are discussed in Crescent Financial Corporation’s recent filings with the Securities and Exchange Commission, including, but not limited to, its Annual Report on Form 10-K and its other periodic reports.

Media and Press Contacts:

Patty Briguglio

MMI Associates, Inc.

919-233-6600

Patty@mmimarketing.com

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Central Bank could lend bn for BoM bailout
RBC, 01.07.2011, Moscow 10:45:03. The Central Bank of Russia (CBR) is prepared to provide a loan worth some RUB 250bn (approx. USD 8.97bn) to state-owned Deposit Insurance Agency (DIA) to bail out The Bank of Moscow (BoM), RBC Daily reported today, citing a source at CBR.
Read more on RosBusinessConsulting

HFC Bank pledges support for Golf development
Accra, July 1, GNA – The Managing Director of HFC Bank, Mr Asare Akuffo, has assured his outfit’s unflinching support to the development and promotion of golf across the country.
Read more on Ghanaweb.com

Bank of America announces -billion settlement of Countrywide mortgage claims
If Countrywide Financial co-founder Angelo Mozilo had sold former Bank of America boss Ken Lewis a kitchen sink, maybe they could have tossed that in there too. Bank of America, which under Lewis bought Countrywide in 2008 for stock then worth $ 2.5 billion, said in a statement Wednesday that settling claims by holders of Countrywide mortgage securities would cost it another $ 14 billion.
Read more on Los Angeles Times

Bank of Uganda Sells Dollars to Curb Currency Volatility as Shilling Sinks
Uganda’s shilling surged the most in 2 ½ years against the dollar after the central bank sold foreign-exchange to halt the currency’s decline to another 18- year low.
Read more on Bloomberg

Deutsche Bank AG – Form 8.3 – Chaucer Holdings Plc
Deutsche Bank AG – Form 8.3 – Chaucer Holdings Plc
Read more on AFX CNF Finance Regulatory News via Yahoo! UK & Ireland Finance

SBS Bank positive through downturn, quakes
SBS Bank today reported a ”healthy” net profit of $ 14.25 million for the 12 months to March 31, but says it hasn’t been immune to the economic downturn with significant loan provisioning in the last three years.
Read more on Marlborough Express

Bank of England chief calls for more transparency
The governor of the Bank of England has called for governments and financial institutions to be more open about their exposure to a possible Greek default.
Read more on AP via Yahoo! News

Kaupthing Bank Has Launched its First Canadian Maple Bond

(PRWEB) February 22, 2007

Kaupthing Bank (http://www.kaupthing.com) has priced and launched a CAD 500 million, 4.7% fixed rated Maple bond issue, maturing in February 2010. It represents Kaupthing Bank’s inaugural Maple bond issue. The Bank offers comprehensive commercial and investment banking services to individuals, companies and institutional investors. The bank is the largest bank in Iceland and the eighth largest bank in the Nordic countries in terms of market capitalization.

Kaupthing Bank conducted a roadshow in Canada in January and following very strong and positive feedback from Canadian Maple bond investors decided to follow it up with a transaction. The issue was sold to a broad range of Canadian institutional investors with 17 accounts participating and was oversubscribed as the final order book reached CAD 700 million. Last year one of the main focuses within the bank was the diversification of its funding sources and this transaction is an important step towards diversifying the bank’s investor base even further. The intention was to raise CAD 300 million but given the order book’s size, quality and the funding level the bank decided to launch a benchmark issue in the Canadian market to satisfy demand.

Merrill Lynch Canada and TD Securities acted as joint lead managers and book runners on the transaction and HSBC Securities (Canada) Inc and RBC Capital Markets were co-managers.

About Kaupthing Bank

Kaupthing Bank offers comprehensive commercial and investment banking services to individuals, companies and institutional investors. The Bank is a leading player in all the main areas of the Icelandic financial market, and in addition to Iceland, the Bank’s key markets are Denmark and the United Kingdom. The Bank focuses on the growth and development of its international activities and aims to be one of the leading investment banks in northern Europe.

Kaupthing Bank was formed by the merger of Kaupthing and Búnaðarbanki Íslands in 2003 and is the largest bank in Iceland. The bank operates in ten countries, including all the Nordic countries (Denmark, Faroe Islands, Finland, Norway and Sweden), Luxembourg, Switzerland, the UK and the US. The bank is the eighth largest bank in the Nordic countries in terms of market capitalization.

In recent years, Kaupthing Bank has been one of the fastest growing financial groups in Europe. The Bank’s expansion has been achieved through sound organic growth and a number of strategic acquisitions. The most recent acquisitions are those of FIH Erhvervsbank in Denmark in 2004 and in 2005 the UK bank Singer & Friedlander, now Kaupthing Singer & Friedlander. The aim of this growth is to further enhance the Bank’s ability to provide comprehensive services to its client base in the UK, the Nordic countries (Scandinavia) and elsewhere in northern Europe.

As of 31 December 2006 the number of full-time equivalent positions was 2,719 at Kaupthing Bank and its subsidiaries.

For more information on Kaupthing Bank visit the Bank’s website, http://www.kaupthing.com.

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Police, bank prepared for bomb scare
Three weeks ago, the First Bank of Tomah conducted an evacuation drill with the Tomah Fire Department.
Read more on The Tomah Journal

Cayuga Food Bank registration Wednesday
The Cayuga Food Bank will be accepting registrations this Wednesday for those wishing to access its services. The new food bank, located behind TC’s Gym at 8 McKay St. E., will be taking registrations June 29 from 9 a.m.[...]
Read more on Dunnville Chronicle

Qatar- Barwa Bank wins regional honour
Qatar- Barwa Bank wins regional honour
Read more on MENAFN

The Bank of Greenwich Invites Community Participation in Initial Offering

Greenwich, CT (PRWEB) March 1, 2006

The Bank of Greenwich, a new full-service commercial bank to be headquartered in Greenwich, announced today that the Board of Directors will open its initial stock offering to the public until April 14, 2006.

Stephen C. Thurlow, who serves as Chairman of the Organizer’s Group, said, “The Bank of Greenwich is focused on our local community, which makes the positive response from the Greenwich community so important. We are very encouraged by the interest shown in the Offering thus far.”

Robert J. Oca, who will be CEO of The Bank of Greenwich, is a local commercial banker with over 30 years experience in the Greenwich area. He has served as President and CEO of several area banks, including the former Connecticut Community Bank in Greenwich. Mr. Oca stated “the recent mergers of banks in our area reinforces our belief that a bank, headquartered in Greenwich and managed by local individuals with a vested interest in the community’s well-being, will be a welcome addition to the Town’s landscape.”

This is a unique opportunity to invest in the only bank headquartered in Greenwich – Greenwich’s “hometown” bank. The Bank of Greenwich brings together an outstanding team of accomplished banking and business professionals with strong ties to the community.

In addition to Mr. Oca and Mr. Thurlow, the group of Organizers includes: James E. Calkins; George F. D’Angelo; John J. Fareri; William H. Gallagher; Noel Levine; Anthony J. Melillo, Jr.; Richard M. Sontag; and Thomas A. Steen. The Bank’s Founders are: Michael S. Josephson; Mark E. Rattner; Barry J. Small; and B. Todd Trimmer.

The mission of The Bank of Greenwich is to provide superior products and exceptional service to its personal and business clients.

Offers to sell or solicitations of offers to purchase securities can only be made through an Offering Circular. An Offering Circular, providing detailed information regarding the Shares, can be obtained by calling Robert J. Oca or James E. Calkins at (203) 622-7680, or by writing to The Bank of Greenwich, Two Sound View Drive, Suite 100, Greenwich, Connecticut 06830.

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Business Diary: World Bank turns to Lehman alumni
The World Bank naturally wants the best possible staff to monitor risks to the financial system and the global economy, which it so often has to prop up. So you’ll be pleased to hear that its new treasurer has a strong background in issues of risk. Step forward Madelyn Antoncic, who used to work as the chief risk officer at one of Wall Street’s leading investment banks. OK, so it was Lehman …
Read more on Independent

Bank of Singapore eyes China private bank launch end-Q3
SINGAPORE: Bank of Singapore, the private banking arm of Singapore’s second-biggest lender OCBC , plans to start a private banking…
Read more on The Edge

Malaysia’s Maybank, CIMB Drop Plans to Take Over RHB
Malaysia’s two largest banks, Malayan Banking and CIMB Group , have decided to drop separate plans to take over RHB Capital , Singapore’s Straits Times reported on Thursday, citing executives close to the situation.
Read more on CNBC

Citi Plays Catch-Up In China And Russia, Stock Smells Like
Citigroup’s competitors such as Goldman Sachs, Morgan Stanley, JPMorgan, Deutsche Bank, UBS and Cred
Read more on Forbes

NBT to open branch at former United Way building in downtown Utica
UTICA, N.Y. – NBT Bank has announced that its new Utica Financial Center will open in late September 2011, giving the bank a presence in Downtown Utica with expanded branch banking capabilities.
Read more on WKTV Utica