Major commercial banks can set a new tone for profit expectations and investment behavior in the financial sector, a high-ranking official of the European Central Bank said Friday. "I think that major banks have indeed the ability" to...

First Financial Bankshares has announced plans to open bank branches in Fort Worth and Odessa, Texas, to complement trust services and serve customers in these markets. The banks will operate from the company's existing First Financial...

Turkish Central Bank (CB) revised its year-end inflation projection for 2009 up to 5.81 per cent. CB announced [on] Friday [20 November] results of November's second expectancy survey. According to the survey, the bank...

Senior officials from ASEAN nations' national and private banks gathered here on Friday to attend the 39th ASEAN banking council meeting. The annual bankers' meeting focused on how to speed up the process of the integration of ASEAN...

Bank of Smithtown, a subsidiary of Smithtown Bancorp, has named John Romano as the new president and COO of the bank and the holding company. For the past 10 years, Mr Romano has served at Bank of Smithtown as executive vice president...

Commercial banks should lower their profit expectations in times of low interest rates rather than take on extra risk to meet unrealistic targets, Deutsche Bundesbank president Axel Weber said Friday. Weber, a member of the European...

India's third largest public sector lender, CANARA BANK (BSE:532483), on Thursday said it is looking at acquisitions in the regions where it has little presence. "We are looking at geographical synergy so that where we are not present we should...

Within days of awarding $1million to a group of struggling Charlotte charities, Bank of America announced it is cutting back on matching contributions to nonprofits in the communities it serves. The Charlotte bank is ending a program...

The number of households with a wealth of millions of US dollars in China is growing at the fastest pace in the world, providing rare opportunities for banks to expand their private banking business. In spite of an over USD 12 trillion...

Xiamen City Commercial Bank (Xiamen Bank), a local small-sized bank located in the southeastern Chinese coastal city of Xiamen, close to Taiwan, is set to be renamed as Bank of Xiamen Co., Ltd. (Bank of Xiamen) on November 30, 2009, insiders...

The Chinese online banking business is predicted to reach a transaction volume of CNY 44 billion to CNY 45 billion for the full year 2009, Kui Hedong, vice general manager of the China Financial Certification Authority (CFCA), China's regulatory...

China's residents' deposits reduced CNY 250.7 billion this October. The banking industry researcher Guo Tianyong points out that the recovery of the stock market and the bullish house market in the second half year attracted more...

BMO's Foreign Exchange Group consistently recognized for its leading FX Capabilities BMO Capital Markets, the investment and corporate banking arm of BMO Financial Group (TSX, NYSE: BMO), has been named the Best Bank for the...

INVESTMENT bank Investec 's adjusted earnings per share fell 8,7% to 24p in the six months to September 30, "but we'll make it up", when economic conditions improve, said CEO Stephen Koseff. There was a sharp decline in private banking...

An executive briefing on banking for Nov 20, 2009, prepared by Asia Pulse (http://www.asiapulse.com), the real-time, Asia-based wire with exclusive news, commercial intelligence and business opportunities. VIETNAM'S CAPITAL MOBILISATION...

The Federal Home Loan Bank of Seattle (Seattle Bank) today announced the results of its recent Board of Directors elections for member directors in Alaska, Hawaii, and Utah and for two independent director positions....

How very strange. Much of the discussion about the future of post great-panic finance has been about ending the "too big to fail" culture which prevailed last year by breaking banks up into more manageable units and "living wills." Yet...

BofA Merrill Lynch Global Research today announced the hiring of Chris Flanagan as head of U.S. Mortgage and Structured Finance Research. In this role, Flanagan will be responsible for the strategy and development of our research product,...