Bank News
Fed Nominees Support Expanded Duties
WASHINGTON — Hours before the Senate approved a far-reaching overhaul of Wall Street regulations on Thursday, President Obama’s three nominees to the board of the Federal Reserve said they were prepared to help the central bank handle its vastly expanded … Read more
Britain Hiring U.S. Banker to Help Sell Stakes in RBS and Lloyds
LONDON — The British government hired an American investment banker Monday to help it manage and sell its stakes in two of the country’s largest banks, Royal Bank of Scotland and Lloyds Banking Group. Jim O’Neil, who is based in … Read more
World Bank Supports Further Improvement of Armenia’s Rural Roads Network
WASHINGTON, July 15, 2010 – The World Bank Board of Executive Directors today approved a US$ 40 million loan for the second Additional Financing for the Lifeline Road Improvement Project (LRIP-AF2) for Armenia. This project will assist the Government of … Read more
Big bank results stoke growth concerns
SAN FRANCISCO (MarketWatch) — Since the global financial crisis brought the U.S. banking industry to its knees two years ago, analysts and investors have been waiting eagerly for a time when things get back to normal. Results this week from … Read more
Bank of America earns $2.78 billion in 2nd quarter
NEW YORK — Bank of America said Friday its second-quarter net income rose 15 percent to $2.78 billion as improvements in the company’s consumer loan businesses made up for a drop in trading revenue. Bank of America’s headquarters in Charlotte, … Read more
