Jun
26
Offshore News June 26, 2008
Filed Under Offshore News, banking Tags: bank, dollar, euro, stocks —
Bank of America Corp., the second- largest US bank, will cut about 7500 jobs after buying Countrywide Financial Corp. …Bank of Congress Wall Street JournalBanking gamble: That fat yield on Bank of America stock Los Angeles TimesCountrywide shareholders OK sale to Bank of America AFPEarthtimes , Bank of America to Cut 7500 Jobs on Countrywide Deal - Bloomberg
But with inflation fears brewing, an eventual rate hike could spell more trouble for embattled banks. The Economist print edition EconomistAsia Times Online?- Banks should fear a rate hike - CNNMoney.com
MarketWatchBank of America sees 7500 job cuts after Countrywide closeMarketWatch?- 41 minutes ago”The reductions will take place throughout the country,” Bank of America said in a statement. “Final decisions on all specific associate groups and …Kodak Extends ‘Rally,’ Countrywide and Your Taxes, Bud Slow To Choose Barron’s BlogsThe barbecue at Countrywide turns into a forest fire BloggingStocksCountrywide Stockholders Approve Transaction With Bank of America CNNMoney.com
Bank of America sees 7500 job cuts after Countrywide close - MarketWatch
Think of the fortunes made in the wake of America’s savings-and-loan debacle, or by the acquirers of Japan’s Long-Term Credit Bank, since renamed Shinsei. …Bank Of America moves forward in Countrywide acquisition Bizjournals.com
Dozens of Palestinian and foreign protestors demonstrated early on Thursday in the village of Ne’leim near the West Bank city of Ramallah against the …Two security forces lightly hurt in West Bank anti-fence protest Ha’aretzKing of the West bank IndependentIslamic Jihad will coordinate ‘responses to Israel’s actions’ Palestinians wounded in anti-wall protest in West Bank - Xinhua
Swiss Franc Rise as Stock Drop Reduces High-Yield Demand. The pound appreciated to a seven-week high against the dollar after Bank of England Governor Mervyn King said policy makers will do what’s needed to stem …Euro rises versus dollar, hits yen high AFP* Dollar steady after fall on trimmed rate hike expectations guardian.co.ukDollar higher against the euro The Associated PressBloomberg
Yen, Swiss Franc Rise as Stock Drop Reduces High-Yield Demand - Bloomberg
Turkish PressAre sanctioned Iranian banks actually sponsoring anti-Western terror?: On the Web site of the largest bank in Iran, Bank Melli (also known as the National Bank of Iran), there are no details that could interest intelligence …Bank unhappy over Iran sanctions InTheNews.co.ukEurope warned not to provoke Tehran Financial TimesIran bank’s UK unit to challenge sanctions Reuters South AfricaTehran Times
Are sanctioned Iranian banks actually sponsoring anti-Western terror? - Ha’aretz
KBCI CBS 2US STOCKS-Dow falls to Sept. 2006 low; banks, GM, Citigroup fell 5.6 percent to $17.79; Merrill dropped 4.5 percent to $33.85 and Bank of of America declined 4.8 percent to $25.34. …Stocks trade higher ahead of Fed decision The Associated PressUS Stocks and economy starts plunge in the third wave , a Dow … India DailyStocks gain on Fed move CNNMoney.comUSA Today
US STOCKS-Dow falls to Sept. 2006 low; banks, GM weigh - guardian.co.uk
Daily MailMilitant Hamas as reluctant moderatorChristian Science Monitor, In a statement after Islamic Jihad’s rockets fell on Israel , hours after a series of Israeli offensives in the West Bank , Hamas leader Khalil al-Haya said …Rocket hits Israel, second violation of Gaza truce The Associated Press
New rocket strike on Israel as Gaza truce enters second week AFPDeposed Hamas gov’t warns of violating the truce with Israel XinhuaReuters South Africa
Militant Hamas as reluctant moderator - Christian Science Monitor
Stocks in Europe fall on bank, dollar: After the Fed move, the euro hit a new record against the yen on Thursday, as investors fretted that the European Central Bank will be the first of the big, Stocks in Europe fall on bank, dollar jitters - MarketWatch
