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Cadan raising $1.5M for T’Boli project

Published July 9, 2009, 3:12 pm, Philippine Daily Inquirer

Cadan Resources Corp. of Canada said it was raising $1.5 million for the development of the T’Boli gold-silver deposit and the detailed exploration of surrounding area, as well as for working capital.

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U.S. Treasury's Toxic-Asset Plan Smaller Than Expected

Published July 9, 2009, 3:02 pm, Free Internet Press

Almost four months after it was first announced, the Treasury Department late Wednesday rolled out a scaled-back version of its long-awaited plan to purchase jointly with the private sector bad mortgage-based assets plaguing the nation's banks.

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Money fund assets rose to $3.668T in latest week

Published July 9, 2009, 2:59 pm, INO News

(AP:NEW YORK) Total money market mutual fund assets rose by $4.36 billion to $3.668 trillion for the week, the Investment Company Institute said Thursday.

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Surprise management reshuffle at Citi

Published July 9, 2009, 2:57 pm, Finance Asia

Just days before announcing its second-quarter results, Citi installs veteran John Gerspach as CFO in place of Ned Kelly and hires outsider Gene McQuade to head Citibank North America.

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Outside the Box: The next banking revolution

Published July 9, 2009, 2:57 pm, Market Watch

The world is in the midst of a banking revolution that has nothing to do with exotic financial engineering. It's in microfinance, or the provision of financial services to poor people worldwide.

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Stern Says Financial Plan Opens Way for ‘Instability’ (Update1)

Published July 9, 2009, 2:57 pm, Bloomberg

July 9 (Bloomberg) -- President Barack Obama ’s plan to revamp U.S. bank regulation doesn’t fix the problem of institutions deemed “too big to fail,” leaving the financial system vulnerable to “serious instability,” said Gary Stern , president of the Federal Reserve Bank of Minneapolis.

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Bank, NGO to recruit money transfer agents

Published July 9, 2009, 2:56 pm, The Monitor

Over 150 local business operators countrywide are set to benefit from a new arrangement through which they would be enrolled as Mobile Money Me agents.

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Gasoline barge aground at mouth of Hood River

Published July 9, 2009, 2:47 pm, KING5 Seattle

A barge carrying one million gallons of gas was stuck in a silt deposit where the Hood and Columbia rivers meet in Oregon.

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Signs that banks beginning to ease tough mortgage terms

Published July 9, 2009, 2:44 pm, TVNZ

Some relaxation seems to be under way to the tougher home lending criteria banks introduced

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Mergers: don't bank on them

Published July 9, 2009, 2:41 pm, Business Day

GRAEME SAMUEL said yesterday that any future bank merger almost certainly would be bad for competition and would trigger an inquiry of the type urged by prominent economists.

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