City National earns fall 22 percent, adds to credit reserve
City National Corp. said Thursday its first-quarter profit fell as interest rates declined and the bank held back $17 million to cover potential credit losses.
City National earned $44 million, or 9... 17 Apr 2008
S.F. Federal Reserve chief sees long recovery
The president of the Federal Reserve Bank of San Francisco said Wednesday the mortgage crisis and financial services turmoil are likely to be a "major drag" on the national economy through 2009.
Jan... 16 Apr 2008
204.
Wells Fargo earnings fall 11 percent on rising loss reserves
Wells Fargo says its first-quarter profit fell 11 percent because of increasing loss reserves.
The San Francisco-based bank's earnings are $2 billion, or 60 cents per share. That compares with $2.2... 16 Apr 2008
205.
JPMorgan Chase's profit drops 50 pct in 1Q on reserves boost
JPMorgan Chase says its profit fell 50 percent in the first quarter, after the bank added $4.4 billion to reserves and lost $2.6 billion from the value of its loan portfolio.
The New York-based bank... 16 Apr 2008
206.
China raises bank reserve ratio
China has ordered its banks to set aside more reserves to curb a boom in lending.
The amount of money that banks are required to hold in reserve will rise by 0.5 percentage points to 16 percent of t... 16 Apr 2008
207.
Dollar surges on the back of strong data and renewed positive outlook.
U.S. Dollar Trading (USD) surged on Tuesday following surprisingly strong economic data being released from the Worlds biggest economy. New York Fed Manufacturing came in at 0.6 for the month of Apri... 15 Apr 2008
208.
G7 summit fails to rally investor confidence in U.S currency.
U.S. Dollar Trading (USD) eased on Monday tracking equities markets as investors faith in the dollar was short lived following the G7 summit. Retail Sales figures released for the month of March rose... 14 Apr 2008
209.
China Foreign Reserves Hit $1.68T
China's central bank says the country's foreign reserves topped $1.68 trillion by the end of March, up 40 percent from a year earlier.
China added $153.9 billion to its foreign reserves in the fir... 11 Apr 2008
210.
Ask AP: Nation's Strategic Oil Reserves
We're all fed up with spiraling gas and oil prices whether it's Mom and Dad filling up the family sedan, truckers tanking up on diesel or homeowners emptying their wallets to pay higher heating bil... 11 Apr 2008