Commercial Banking

Closed Florida Bank Makes 124 This Year

FDIC Expects Cost of Bank Failures to Hit $100 Billion in 4 Years (AP) Florida banking regulators on Friday shut down Commerce Bank of Southwest Florida, marking the 124th U.S. bank to succumb this year to the struggling...

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$10 billion vanishes in Main Street loans

Reports to the Treasury confirm what small business owners have known all year: Banks are cutting back on Main Street lending. Eight months after President Obama began prodding the nation's banks to increase their small...

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Reflation Issues Heat Up

I believe the unfolding risks to the U.S. and global economy are enormous. Most seem rather oblivious to the risks, believing both that our asset markets are not overvalued and that economic recovery is only a matter of time.

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The Great Stimulus Debate of ‘09

"Crybabies need not apply" Barack Obama has decided to push the economy back into recession, and no one can figure out why. Perhaps the impressionable Obama has come under the spell of the deficit hawks and crystal gazers who...

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Default loans creep up again

Default loans in the first nine months of this year have increased by 4 percent or Tk 928 crore and stood at Tk 23,904 crore, thanks to sluggish business and global economic recession. The amount of default loan showed a...

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OECD Warns of 'Jobless Recovery'

The warning came as the latest evidence on the supply of credit to the British economy showed little sign of radical improvements. The Bank of England's Trends In Lending Report confirmed that British consumers were still...

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Lending to private sector down 3.4pc, says Central Bank

Bulk of decline due to loan writedowns and doubtful debts By Pat Boyle Saturday November 21 2009 THE level of lending by banks continues to shrink with the latest figures from the Central Bank showing that in the year ending in...

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Buckley heads up INBS commercial

Irish Nationwide Building Society has appointed Declan Buckley as its head of commercial banking, it said yesterday. Mr Buckley was previously the head of business banking at Ulster Bank Ireland. INBS said the appointment...

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Central Valley Community Bank Named as One of the Top Four Best Companies to Work for in Central...

FRESNO, CA--(Marketwire - News), announced that the Bank has been honored as one of the top four Best Companies to Work for in Central California in the large-sized business category. Central Valley Community Bank was the only...

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Center Bancorp, Inc. Declares Quarterly Dividend of $.03 Per Share (GlobeNewswire)

UNION, N.J. -- Center Bancorp, Inc. , parent company to Union Center National Bank, , of Union, New Jersey, announced today that at its board meeting dated November 19, 2009 the Board of Directors declared a quarterly cash...

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