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OptimumBank leaders determined to ride out storm
The numbers would make anyone blink: Bad loans account for nearly a fifth of Fort Lauderdale-based OptimumBank's $88.6 million loan portfolio. But this isn't a tale of woe from the Great Recession. It's happening this year. There may be more bad times...
Tags: Foreclosures, Federal Deposit Insurance Corporation, Real Estate, Deerfield Beach, Loans
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European leveraged loan market under threat from U.S., high-yield bond markets
ReutersLONDON (Reuters) - The European leveraged loan market has suffered from diminishing deal flow as financings opt to go to the US or high-yield bond markets, calling into question the significance and relevance of European syndicate desks and their...Tags: Finance, Bonds, Companies and Corporations, Thomson Corporation, Economy, Business and Finance
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Bankia compensation qualms signal loss of faith in Spain's banks
ReutersMADRID (Reuters) - Many duped savers at Spanish lender Bankia are shunning a state-supervised compensation scheme in favor of expensive lawsuits, prolonging a mis-selling scandal and complicating efforts to restore faith in the banking system. The...Tags: Lawyers, Arbitration, Restructuring and Recapitalization, Spain, Trials
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U.S. RESEARCH ROUNDUP: Bank of America, BlackRock, Google
ReutersMay 20 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Bank of America and BlackRock, on Monday. HIGHLIGHTS * Bank of America Corp : KBW cuts to market perform from outperform *...Tags: American Express Company, Ratings, Cheniere Energy Incorporated, Charles Schwab, Finance
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South Bend woman hurt in early morning shooting admitted role in tax scheme
SOUTH BEND — A woman targeted in a pre-dawn shooting today had recently admitted that she led a scheme that used bogus tax returns to defraud the government of hundreds of thousands of dollars. Gigi M. Riley, 32, was shot twice about 4:14 a.m. at...
Tags: 1st Source Corp., Politics, Lawyers, Prosecution, Bank of America Corp.
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PRESS DIGEST-Australian Business News - May 21
ReutersCompiled for Reuters by Media Monitors. Reuters has not verified these stories and does not vouch for their accuracy. THE AUSTRALIAN FINANCIAL REVIEW (www.afr.com) CLP Group, in a first-quarter report released yesterday, signalled it does not expect...Tags: Metal and Mineral, Hong Kong, Finance, Sydney (Australia), South Korea
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U.S. Senators urge swaps watchdog to rein in oil majors
ReutersBy Douwe Miedema WASHINGTON, May 20 (Reuters) - Large energy companies look set to slip through the maze of new rules for derivatives trading, a group of U.S. senators said, urging regulators to tighten oversight to cover all the market. As of this...Tags: Politics, Business Enterprises, BP Plc, Royal Dutch Shell Plc, Bank of America Corp.
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Atkins named King William Essex Bank manager
Essex Bank is proud to announce the appointment of Ashley Sines Atkins as branch officer at the bank's King William Office. A resident of King Williams County, Ms. Atkins is a graduate of Longwood University, earning a Bachelor of Arts degree in...
Tags: Essex (Baltimore, Maryland), Media Industry, Federal Deposit Insurance Corporation, Finance, Economy, Business and Finance
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Hong Kong shares may start week higher, China property in focus
ReutersHONG KONG, May 20 (Reuters) - Hong Kong shares could start the week higher on Monday, with China property counters in focus after data over the weekend showed housing inflation accelerated to its fastest pace in April in two years. Average new home...Tags: China Enterprises, Hong Kong, Japan, South Korea, Bank of America Corp.
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Despite curbs, China's vast hot money triangle flourishes
Reuters* Underground banking network remits billions of yuan daily * Money laundering risks exacerbated by unofficial networks * Macau junkets act as pseudo banks for China capital outflows * Chinese authorities soft on enforcement, say intermediaries By...Tags: Xi Jinping, Business, Hong Kong, Finance, Dongguan (China)
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Insight: Despite curbs, China's vast hot money triangle flourishes
ReutersZHUHAI, China/HONG KONG (Reuters) - In an underground mall just a stone's throw from China's teeming border with Macau, a row of 30 small shops with identical golden plaques does a brisk, though shadowy trade with mainland Chinese visitors, many of them...Tags: Business, Xi Jinping, Finance, Hong Kong, Dongguan (China)
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Problem Solver: Updates on stolen bank check, dog's vet bill
Who took Harriet Hausman's $4,643.75 state tax refund check remains a mystery, but the 89-year-old River Forest resident has gotten her money back. Hausman said the entire amount was deposited into her account Friday. "I have the money and I'm...
Tags: Nicor Incorporated, Theft, Bank of America Corp., Judy Baar Topinka, Jon Yates
May 21, 2013
|Story| South Florida Sun-Sentinel
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| South Bend Tribune
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Reuters
May 20, 2013
|Story| Daily Press
May 19, 2013
|Story| Reuters
May 19, 2013
|Story| Reuters
May 19, 2013
|Story| Reuters
May 14, 2013
|Column| Chicago Tribune
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