International Business News - CYN 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 Among the premarket stories for Wednesday, Dec. 3, from AP Financial News: NEW YORK (AP)--The restructuring plans submitted to Congress by the U.S. automakers contain several moves essential to returning the companies to profitability, but aren't without their own risks, analysts said. http://www.ibtimes.com/articles/20081203/premarket-roundup-automakers-investment-banks.htm Wed, 03 Dec 2008 09:31:24 EST Credit losses at regional banks will probably grow until late 2009, a JPMorgan Chase & Co. analyst said Wednesday as he slashed his estimates for the group. http://www.ibtimes.com/articles/20081203/ahead-of-the-bell-regional-banks.htm Wed, 03 Dec 2008 08:02:46 EST An analyst said Thursday some regional banks are in danger of needing to cut their dividends to meet guidelines set forth by regulators about how banks should manage those payouts. http://www.ibtimes.com/articles/20081113/ahead-of-the-bell-bank-dividends-under-pressure.htm Thu, 13 Nov 2008 09:12:59 EST Critics are outraged that the nation's banks are using billions of dollars of federal bailout money to buy other banks instead of boosting their lending. But is that really such a bad thing? http://www.ibtimes.com/data/articleimgs/164818-bush.jpg http://www.ibtimes.com/articles/20081101/column-banks-using-government-money-for-deals.htm http://www.ibtimes.com/articles/20081101/column-banks-using-government-money-for-deals.htm Sat, 01 Nov 2008 01:56:55 EDT City National Corp. said late Wednesday it lowered its prime lending rate to 4 percent from 4.5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced earlier in the day. The prime rate usually moves in lockstep with the fed funds rate, which is now 1 percent. http://www.ibtimes.com/articles/20081030/city-national-cuts-prime-lending-rate.htm Thu, 30 Oct 2008 06:54:43 EDT A number of financial institutions, including Capital One Financial Corp. and SunTrust Banks Inc., have announced they will receive funds under the Treasury Department's rescue program to strengthen their capital position. http://www.ibtimes.com/data/articleimgs/160730-meltdown-banks.jpg http://www.ibtimes.com/articles/20081027/banks-to-use-govt-funds-for-lending-dealmaking.htm http://www.ibtimes.com/articles/20081027/banks-to-use-govt-funds-for-lending-dealmaking.htm Mon, 27 Oct 2008 17:50:59 EDT The owner of City National Bank said Monday it received preliminary approval to receive $395 million as part of the federal government's financial rescue plan. http://www.ibtimes.com/articles/20081027/treasury-to-invest-395m-in-city-national.htm Mon, 27 Oct 2008 11:20:13 EDT City National Bank said late Wednesday it lowered its prime lending rate to 4.5 percent from 5 percent. The cut in the prime rate matches the 0.5 percent rate cut the Federal Reserve Board announced Wednesday. The prime rate usually moves in lockstep with the fed funds rate, which is now 1.5 percent. http://www.ibtimes.com/articles/20081009/city-national-bank-cuts-prime-rate-to-4-5-percent.htm Thu, 09 Oct 2008 10:00:06 EDT Shares of regional banks lacked direction Wednesday as news of Goldman Sachs' successful capital raising efforts was not enough to quell anxiety among investors awaiting details of the government's bank rescue plan. http://www.ibtimes.com/articles/20080924/sector-snap-regional-bank-stocks-lack-direction.htm Wed, 24 Sep 2008 13:42:11 EDT A group of Friedman, Billings, Ramsey & Co. analysts on Wednesday downgraded several regional and community banks, due to the significant rally of financial stocks in recent days. http://www.ibtimes.com/articles/20080924/ahead-of-the-bell-fbr-cuts-regional-bank-ratings.htm Wed, 24 Sep 2008 07:47:51 EDT City National Corp. said Thursday its second-quarter profit dropped 40 percent as the bank company set aside $35 million to cover potential losses from loans. http://www.ibtimes.com/articles/20080724/city-national-q2-profit-falls-40-percent.htm Thu, 24 Jul 2008 20:13:24 EDT Among the stock activity stories for Thursday, June 26, from AP Financial News: NEW YORK (AP)--Shares of Herman Miller Inc. rose on Thursday, after the furniture maker reported strong fourth-quarter results, helped by international results. http://www.ibtimes.com/articles/20080626/movers-roundup-herman-miller-city-national.htm Thu, 26 Jun 2008 17:41:53 EDT Shares of City National Corp., a provider of private and business banking services, rose Thursday after a Keefe, Bruyette & Woods Inc. analyst upgraded the stock http://www.ibtimes.com/articles/20080626/city-national-rises-after-analyst-upgrades-stock.htm Thu, 26 Jun 2008 14:35:12 EDT The Standard & Poor's MidCap 400 index declined Thursday on another surge in oil prices and inklings of trouble in the technology, financial and automotive industries. http://www.ibtimes.com/articles/20080626/s-p-midcap-400-in-focus-osk-mlhr.htm Thu, 26 Jun 2008 12:26:13 EDT Four major hurdles must be crossed before a broad recovery in the banking sector, and that might not occur for another six to nine months, according to a new research report from Goldman Sachs. http://www.ibtimes.com/articles/20080617/banking-turnaround-likely-in-09-goldman.htm Tue, 17 Jun 2008 12:46:04 EDT Wynn Resorts Ltd. said Friday it appointed Russell Goldsmith as a director, giving the board its seventh independent member. Goldsmith is chairman and chief executive of City National Bank, and president of its parent, City National Corp. He also serves on a Federal Reserve Board advisory council. http://www.ibtimes.com/articles/20080530/wynn-resorts-appoints-russell-goldsmith-to-board.htm Fri, 30 May 2008 17:36:45 EDT