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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

Question by ridingnchicago: Have any tips or tricks for setting up payment plans with credit card companies? Specifically Citi Cards?
I was wondering if anyone had any tips or tricks for setting up payment plans with credit card companies?

I’ve heard if you offer to cancel the card yourself prior to paying it off they will set a much lower fixed rate for you. Have you heard of this? Know of any other similar tricks? Who to talk to? Any advice would be appreciated.

A

Best answer:

Answer by Worldly25
They are not tricks but a way of salvaging some of your credit. Any of these maneuvers will result in damage to your credit score unless done with a almost zero balance. Meaning if you are carrying 1000 debt on the card you cannot call and threaten to cancel. But have a zero balance, ask for a lower rate and if denied, threaten to go else where and you get the lower rate. Mine is down to 9%

What do you think? Answer below!

Parent Company of Western Community Bank Enters Stock Purchase Agreement; Plans Future Growth

Orem, Utah (Vocus) March 5, 2010

In a move that offers good news during a season of economic turbulence, Randy Hoyt, president and CEO of Orem, Utah-based Community Bancorporation and its wholly-owned subsidiary Western Community Bank, today announced that Community Bancorp has signed a stock purchase agreement with a group of prominent local investors. The agreement will result in additional strength, technology enhancements, and market expansion for the bank that has served as a leader and mainstay of the Utah County banking industry for the past 18-plus years.

“We’re excited for the future. We’ve been working hard to improve the bank and our ability to exceed the expectations of the individuals and businesses we serve,” says Hoyt. “We look forward to introducing new technologies, improving tools to deliver even better customer service, and focusing on our mission to enhance the lives of the people we are so fortunate to serve.”

Tod Monsen, representative for the investors, says, “The families and communities of Utah County are the ones who really benefit from this transaction. We plan to expand the bank’s services and open additional offices so we can deliver our unique brand of personal and caring service to more of our neighbors.” Monsen adds, “Banking is changing, and we want to be sure that these changes include improved service to families, businesses, and communities. We’re eager to open a new chapter of success for many people in an uncertain time.”

Hoyt notes, “Western’s customers can be assured of exceptional service as we progress. We look forward to growing and providing quality financial services for generations to come.”

The agreement requires final regulatory approval and is currently under review by State and Federal agencies. Please contact Randy Hoyt or Tod Monsen or visit http://www.westerncommunitybank.com for additional information about Western Community Bank or to obtain a copy of this release.

About Western Community Bank:

Western Community Bank was chartered in 1991 by a small group of local investors, all of whom reside in Utah County. The bank opened its doors at a time when large regional banks were aggressively acquiring community-based financial institutions. This provided an opportunity for Western Community Bank to enter the marketplace driven by a business philosophy of “relationship banking”. The bank currently has three full-service offices to serve the people, communities, and businesses of Utah County. The bank’s website at http://www.westerncommunitybank.com enables customers to be served around the world.

Contact:

Randy J. Hoyt, President and CEO

Western Community Bank

801-222-9006

R. Tod Monsen

Investor Representative

801-885-5505

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The Hindu Business Line : ‘No plans to hike FDI in banks now’
The Government does not propose to increase foreign direct investment (FDI) limit in the banking sector for now. “There is no such proposal with the Government at present,” Mr Namo Narain Meena, Minister of State for Finance, told the Lok Sabha in a written reply on Friday.
Read more on The Hindu

Dangerous banking games
The anti-bank sentiment whipped up by major parties, and now taken further by the Greens and independents, is creating a political issue of such magnitude that it threatens to destabilise our delicate banking system. 25 Nov 2010 10:13 AM
Read more on Business Spectator

Deutsche Bank acquires majority of Postbank
German banking giant Deutsche Bank said today it has gained control of Postbank.
Read more on RTE News

Realty, banking shares continue to feel the heat of CBI raids
A day after the Central Bureau of Investigation (CBI) conducted nationwide raids and arrested officials in financial sector companies, on charges of corruption, shares of entities concerned continued their southward movement. Stocks of the real estate companies remained under pressure, while the public sector undertaking banks also lost value.
Read more on Business Standard India

Andre Koo plans exit offer to delist Financial One Corp
Financial One Corp says it has been informed by controlling shareholder Andre JL Koo that he is seeking a voluntary delisting of the company from the Mainboard. The company, whose shares remained suspended from trading, has not received any exit offer yet. In 2007, the leasing firm became the first Taiwanese finance company to list in Singapore. {jcomments on}
Read more on The Edge Singapore

Regions Financial Searches For Top Risk Executive As 3 Depart
Regions Financial Searches For Top Risk Executive As 3 Depart
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LPL Financial Goes Public In the Shadow Of GM
Independent brokerage firm raises $ 470 million as shares price at high end of range.
Read more on Forbes

Plans for housing project on hold because of economy
Specific development plans remain unknown for a $ 2.3 million property that Sacramento State purchased in 2005 to build Ramona Village, a faculty and staff housing community. …
Read more on The State Hornet

Housing sector reinforced by remittances, growth in BPO sector: association official
HOUSING developers in Central Visayas remain optimistic and confident heading to the last quarter of the year as remittances from overseas workers increase and business process outsourcing (BPO) in Ce read more
Read more on Sun Star

Brakes applied on V8 economy
WA’s V8 economy is fracturing in two, with the retail and housing markets stalling while the resources sector powers ahead.
Read more on thewest.com.au