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(AFX UK Focus) 2009-07-10 03:36 UPDATE 1-Customers sue Singapore's DBS over investment loss
Published July 9, 2009, 8:08 pm, Interactive Investor
SINGAPORE, July 10 (Reuters) - More than 200 customershave sued Singapore's DBS Bank in a bid to recover investment losses arising from the collapse of U.S. investment bank Lehman Brothers . Siraj Omar, a director at Premier Law, told Reuters on Friday his firm had filed a claim on behalf of 204 investors in a Singapore court. He declined to discuss the case or reveal the size of the claim, ...
Plans for parents score high marks
Published July 9, 2009, 7:05 pm, Parksville Qualicum Beach News
With all the excitement of school graduation, it’s important to keep the soaring costs of higher education in mind. Post-secondary education expenses have risen to levels where student summer jobs and part-time work simply aren’t enough to cover the costs.
Territorial to trade publicly Monday
Published July 9, 2009, 5:56 pm, Pacific Business News
The parent company of Territorial Savings Bank is expecting to close its stock offering Friday.
CIT Debt Plunges on Bets Lender Isn’t Too Big to Fail (Update3)
Published July 9, 2009, 4:04 pm, Bloomberg
July 9 (Bloomberg) -- CIT Group Inc. , the century-old lender to 950,000 businesses, is trading in the bond market as if it may fail. Since becoming a bank in December to qualify for federal help, CIT has lost all three of its investment-grade ratings.
International Day of Cooperatives
Published July 9, 2009, 3:57 pm, Scoop.co.nz
Cooperatives offer a better model for global recovery says PETER MACDOUGALL Saturday, 4 July is International Day of Cooperatives. The United Nations has declared the theme to be ‘Driving global recovery through cooperatives.’
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.
Patience pays for foreign banks in Japan
Published July 9, 2009, 2:19 pm, Business Times (Malaysia)
TOKYO: US and European banks may dream of making it big in Japan, but tough local competition and costly past failures mean they will largely remain niche players in the world's second-biggest economy.
Canadian equities to rally over next 18 months: CIBC
Published July 9, 2009, 12:11 pm, National Post
Canadian households and businesses are still flush with cash and that extra capital will likely find its way into equity markets and help pull the country out of recession over the next 18 months, according to a report by CIBC World Markets on Thursday.
Banks' ''courtesy'' loans at soaring rates irk consumers
Published July 9, 2009, 10:02 am, WTSP-TV Tampa
Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap with "courtesy overdraft".
Banks' 'courtesy' loans at soaring rates irk consumers
Published July 9, 2009, 8:33 am, USA Today
Even as regulators crack down on abusive mortgage and credit card practices, another type of lending threatens to mire consumers in a credit trap.
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