International Business News - Bank http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Prosecutors expect a "mainstream" international bank to reach a settlement within 30 days over illicit links with Iran, Manhattan District Attorney Robert Morgenthau said on Thursday. http://www.ibtimes.com/articles/20090917/ny-prosecutor-sees-bank-settling-on-iran-ties.htm Thu, 17 Sep 2009 13:22:29 EDT Bank of America Corp said on Thursday it named London-based Andrea Orcel an executive chairman for its global banking and markets division, according to an internal memo seen by Reuters. http://www.ibtimes.com/data/articleimgs/220149-.jpg http://www.ibtimes.com/articles/20090910/bank-america-names-orcel-executive-banking-post.htm http://www.ibtimes.com/articles/20090910/bank-america-names-orcel-executive-banking-post.htm Thu, 10 Sep 2009 14:30:57 EDT Defaults of multifamily and commercial real estate loans from banks climbed to their highest rate since at least 2003, as lenders gave up hope of being repaid in full, according to a report by research firm Real Estate Econometrics. http://www.ibtimes.com/articles/20090831/property-bank-loan-defaults-atyear-high-report.htm Mon, 31 Aug 2009 17:10:30 EDT Three more U.S. banks failed on Friday, bringing the total to 84 so far this year, as the industry continues to grapple with deteriorating loans on their books. http://www.ibtimes.com/articles/20090829/us-bank-failure-tally-rises-84.htm Sat, 29 Aug 2009 11:35:33 EDT U.S. bank regulators closed Affinity Bank of Ventura, California on Friday, the 84th U.S. bank to fail this year as economic weakness continues to take a toll on financial institutions. http://www.ibtimes.com/articles/20090829/us-bank-regulators-close-affinity-bank.htm Sat, 29 Aug 2009 11:33:30 EDT U.S. bank regulators closed Mainstreet Bank of Forest Lake, Minnesota, on Friday, the 83rd U.S. bank to fail this year as economic weakness continues to take a toll on financial institutions. http://www.ibtimes.com/articles/20090829/us-bank-regulators-closed-mainstreet-bank.htm Sat, 29 Aug 2009 11:27:35 EDT TORONTO - Bank of Montreal, one of Canada's top banks, is suing two U.S.-based brokerages and some of their former officers and shareholders for their part in an intricate fraud carried out by the former head of its commodity derivatives group, court documents showed. http://www.ibtimes.com/articles/20090829/canadian-bank-seeks-us-jury-trial-options-fraud.htm Sat, 29 Aug 2009 11:25:33 EDT U.S. banking regulators partially retreated from a much-criticized proposal to impose new rules on private equity investment in troubled banks, aiming to encourage investments in distressed bank assets. http://www.ibtimes.com/articles/20090826/fdic-revises-bank-vestment-restrictions.htm Wed, 26 Aug 2009 18:33:50 EDT Robert McCann, former head of Merrill Lynch's wealth management unit, is in talks to settle a suit he filed Aug. 24 against Bank of America Corp (BAC.N) seeking to lift a noncompete clause, allowing him to join a chief rival, a source with direct knowledge of the situation said. http://www.ibtimes.com/articles/20090826/mccann-bofa-negotiating-settlement-source-bank-america.htm Wed, 26 Aug 2009 15:58:45 EDT U.S. regulators have been negotiating until the last minute on highly anticipated guidelines for private equity investments in distressed banks. http://www.ibtimes.com/articles/20090826/us-officials-late-debate-on-bank-investments.htm Wed, 26 Aug 2009 13:09:51 EDT U.S. regulators are set to buttress their defenses this week against a slew of sick banks still facing closure and the risks to the dwindling fund that protects depositors. http://www.ibtimes.com/articles/20090826/rpt-us-regulators-prep-defenses-survive-bank-crisis.htm Wed, 26 Aug 2009 10:02:42 EDT U.S. regulators are set to buttress their defenses this week against a slew of sick banks still facing closure and the risks to the dwindling fund that protects depositors. http://www.ibtimes.com/articles/20090825/us-regulators-prep-defenses-survive-bank-crisis.htm Tue, 25 Aug 2009 13:40:31 EDT As America's various rescue plans take hold, stock markets are recovering somewhat. The S&P 500 price/earnings ratio is gradually climbing back to its long-term average of 16. http://www.ibtimes.com/articles/20090702/is-bank-crisis-over.htm Thu, 02 Jul 2009 15:45:44 EDT Lloyds Banking Group will start meeting investors Monday to garner support for its plan to insure 260 billion pounds of risky assets with the government. http://www.ibtimes.com/data/articleimgs/210430-.jpg http://www.ibtimes.com/articles/20090309/lloyds-bank-investors-asset-plan.htm http://www.ibtimes.com/articles/20090309/lloyds-bank-investors-asset-plan.htm Mon, 09 Mar 2009 02:35:54 EDT Alpha Bank, Greece's third largest lender, said on Tuesday 2008 group net profit fell 33.5 percent to 512.1 million euros ($656.2 million), beating market expectations, on higher provisions and slower loan growth. http://www.ibtimes.com/articles/20090224/alpha-bank-profit-down-athens.htm Tue, 24 Feb 2009 10:49:53 EST