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RM1.28 BILLION SUIT AGAINST MALAYAN BANKING TO BE HEARD SEPT 21
KUALA LUMPUR, May 9 (Bernama) — A RM1.28 billion suit filed by a developeragainst Malayan Banking Berhad over the appointment of two individuals as thereceivers and administrators for the company”s takeover will be heard at theHigh Court on Sept 21 and 22. Judge Datin Zabariah Mohd Yusof set the date upon meeting parties inchambers when the case came up for management today. …
Read more on Bernama Media via Yahoo! Malaysia News

BarCap Vice Chairman Caused A 4-Car Collision And Got A DWI Last Weekend
Howard Clark, the vice chairman of investment banking at BarCap, caused a 4-car collision in Scarsdale, New York, last Friday night. He was found with a — huge — .24% BAC, arrested and given a DWI. (A .40 % is the lethal dose for 50% of the population.)
Read more on Business Insider

Australia’s Westpac profits up 38%
Australian banking giant Westpac announced a 38 percent rise in first half profits Wednesday, helped by lower impairment charges and improved earnings across the business.
Read more on Agence France Presse via Yahoo! Canada News

Canada to ban LTTE assets
The Canadian Government is mulling over the confiscation of all LTTE banking and fund raising activities in Canada. Minister Prof. G.L. Peiris has said that Canada was already in the process of crafting the necessary legislation.
Read more on Daily News

Australia’s Westpac first-half profit rises 38%
SYDNEY (MarketWatch) — Westpac Banking Corp. said Wednesday that its fiscal first-half net profit rose 38% to 3.96 billion Australian dollars ($ 4.3 billion), as impairment charges fell and the firm’s tax rate declined sharply. Provisions fell 47% to A$ 463 million while the firm’s tax rate reduced to 6% from 28% in the year-ago period after the bank’s merger with St. George. On an adjusted basis …
Read more on Market Watch

Dudley Seeing Interest on Reserves as Favored Tool Spurs Debate
Federal Reserve officials are staking their inflation-fighting credibility on an untested tool: the power to pay interest on bank reserves.
Read more on BusinessWeek

Cyberwarriors on the Eastern Front: In the line of fire packet floods
Former senior Estonian defence official talks cyberwar with El Reg Interview Estonian government ministers and officials deep in a crisis meeting about riots on the street in April 2007 were initially nonplussed when a government press officer interrupted a briefing to say that he was unable to post a press release.…
Read more on The Register

HDFC Bank dominates online banking
BANGALORE, INDIA: The online properties of HDFC Bank dominated ICICI Bank followed by The State Bank of India (SBI), according to a research report by ViziSense, an online audience and ad measurement platform.
Read more on CIOL

Local banker enjoys people, her job and baking
Bernadette Zunic’s career in banking has paid her back in friendships. “I don’t mind telling everybody that I really love my job,” she said.
Read more on Valley Independent

Markets rally, IT shares firm up
The markets had a good session of trade, thanks to the positive set of cues from the global and domestic fronts. The rally was more of a short covering led by Banking and IT counters, especially HCL Tech and TCS, states Ashish Chaturmohta from India Infoline Wealth.
Read more on Business Standard India

Banking commission report awaited
Proposals for the future of Britain’s banking sector will be sketched out on Monday when the Independent Commission on Banking (ICB) delivers its keenly-awaited interim report.
Read more on Evening Standard

UBS Investment Bank Appoints Stephen Cummings as Chairman of Americas Investment Banking
UBS Investment Bank announced today that Stephen Cummings will join UBS Investment Bank as a Managing Director and Chairman of Americas Investment Banking . Cummings will be based in New York and report to Jimmy Neissa, Matthew Grounds and Simon Warshaw, Joint Global Heads of IBD.
Read more on Business Wire via Yahoo! Finance

Mobile banking firm’s 40 new jobs
A mobile phone banking technology company is creating 40 jobs by opening a south Wales office.
Read more on BBC News

Over One Fifth of Online Shoppers Have Been A Victim of Online Fraud
LONDON, ENGLAND–(Marketwire – 04/05/11) – According to a recent YouGov survey(1), commissioned for eWise payo , the first and only UK bank inclusive Online Banking ePayments (OBeP) solution, one fifth (21 percent) of GB adults who have made a purchase online have been a victim of online fraud. The research also showed that nearly all – 88 percent – of online shoppers have either been the victim …
Read more on Marketwire via Yahoo! Finance

Lloyds Banking Group – Annual Financial Report and Notice of AGM
Lloyds Banking Group – Annual Financial Report and Notice of AGM
Read more on AFX CNF Finance Regulatory News via Yahoo! UK & Ireland Finance

Medical pot banking dilemma
Stockton and other local government agencies in California require medical marijuana dispensaries to promptly deposit cash into bank accounts. The federal government, meanwhile, is putting pressure on financial institutions to make that more difficult.
Read more on The Stockton Record

Banking licence draft guideline by end of this month: Finmin
The Reserve Bank will announce draft guidelines for giving new banking licences in the next few days, the Finance Ministry on Monday said.
Read more on The Economic Times

Five Points Bank expands to Omaha
Central Nebraska’s strong economy and a growing family are behind a new banking entry into the Omaha market: Five Points Bank of Grand Island.
Read more on Grand Island Independent

RBs asks lawmakers to allow them to have foreign capital infusion
MANILA — The country’s rural banking industry plans to push for an amendment in the law prohibiting rural banks (RBs) to have foreign capital infusion.
Read more on Zamboanga Times

FirstMerit Bank Licenses Misys’ Integrated Banking Solution for Foreign Exchange and International Trade Finance
Misys plc , the global application software and services company, announces today that U.S. bank FirstMerit has licensed an integrated international banking solution covering foreign exchange and trade finance processing from the front to the back office.
Read more on PR Newswire via Yahoo! Finance

BarCap Taps Transportation I-Banking Chief
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Read more on Derivatives Week

IBM to provide banking solns for Cosmos Bank
BANGALORE, INDIA: The Cosmos Co-operative Bank Ltd., announced on Thursday that it has selected IBM’s POWER 7 systems to run its core banking solution (CBS).
Read more on CIOL

A policy for unproductive banking
If the government makes it difficult for small independent contractors to operate in Australia then a massive improvement in banking productivity will be held back as the IT talent required seeks a better deal overseas. 25 Mar 2011 10:19 AM
Read more on Business Spectator

MIT Professor To Serve On Banking Advisory Council
A MIT professor is among several people selected to serve on The Clearing House’s Academic Advisory Council (AAC), which pairs distinguished scholars from the nation’s top academic institutions with leaders from the financial industry, to analyze key issues facing the global financial system, including bank capital and liquidity, systemic risk and bank regulatory reform.
Read more on Banker & Tradesman

Afghan officials agree to dissolve Kabul Bank, under pressure from U.S. and IMF
Crisis has tested government’s willingness to confront corruption.
Read more on Washington Post

Afghan officials agree to dissolve Kabul Bank, under pressure from U.S. and IMF
Crisis has tested government’s willingness to confront corruption.
Read more on Washington Post