Finance News Blog
1:23 PM | 
Posted by
Online Tips
Collection of news articles, blog posts, white papers, case studies, videos and comments relating to finance. Bing: finance news visit comcast.net and get up to the minute stock quotes and personal finance tips to help manage your credit card debt, 401k retirement savings, real estate investments. Six cos in race for axis private equity-banking-banking/finance-news the latest financial, economic and business news and headlines from sbs world news australia. Yahoo news: personal finance news breakdowns and opinions on all the financial news of the day. Strategist news / most popular business, finance and marketing news on axis bank has received bids from six suitors for its private equity arm, a sign that negotiations for a management buyout of the business have failed.
Sympatico ca finance read breaking financial news on stock investing, personal finance, real estate investing & the economy find financial tools for first-time and seasoned investors. Sbs - finance news upcoming business & finance news as voted on by the digg community discover the latest news, breaking news and popular news. Financial news, personal finance & investing advice - businessweek structured finance news, the premier guide to the global securitization industry, provides comprehensive, in-depth analysis of the entire structured finance realm and offers a. Upcoming business & finance news strategist news aspires to be a leading source of intelligent news for businesses and professionals covering business, finance and marketing news.
A personal finance blog focusing on ordinary people dealing with unprecedented levels of debt. Credit card offers online credit card applications apply for a credit cards: know how to protect yourself from creditors in case your spouse passes away. The simple dollar credit cards creditnet reviews the best cards for people with bad credit some offer rewards, low or no interest rates, no annual fees, and more, even for consumers with damaged credit. Types of credit cards - what are the different credit card types credit cards can be a useful financial tool or a nightmare find information on student credit cards, prepaid credit cards, paying off your credit card debt, and shop for various.
Labels:
EU finance ministers concluded a general approach on regulating alternative investment fund managers
BRUSSELS, May 18 (Xinhua) -- European Union (EU) finance ministers on Tuesday agreed on tough regulation on hedge funds despite differences among the 27 member states of the bloc.
After a roundtable debate, the finance ministers concluded a general approach on regulating alternative investment fund managers (AIFM), which will also be on the agenda of the G20 summit to be held in Canada in June to find a way of overseeing and supervising such funds.
A statement released after the meeting said that the draft directive was aimed at "establishing a harmonized framework" for monitoring and supervising the risks that alternative investment funds pose. Source
UNIVERSITY OF CHICAGO law professor Elena Kagan was right to complain, in her now-famous 1995 book review, that ever since the failed nomination of Robert Bork, Supreme Court confirmation hearings have been reduced to “a vapid and hollow charade, in which repetition of platitudes has replaced discussion of viewpoints.’’ She was correct when she insisted upon “the essential rightness — the legitimacy and the desirability — of exploring a Supreme Court nominee’s set of constitutional views and commitments’’ and lamented that “the problem is not that senators engage in substantive discussion with Supreme Court nominees; the problem is that they do not.’’
Above all Kagan was on the mark when — in describing the content-free confirmation hearings of Ruth Bader Ginsburg and Stephen Breyer — she wrote that both nominees knew that “the safest and surest route to the prize lay in alternating platitudinous statement and judicious silence,’’ and commented: “Who would have done anything different, in the absence of pressure from members of Congress?’’ Source
Press Release United Western Bank(R) Purchases Commercial Construction Loan from FDIC
"We were pleased that we were the winning bidder during the FDIC auction for this loan and that we purchased this loan from the FDIC, as receiver. By being the servicer of this loan, we can manage the workout process which should hopefully result in a benefit to each of the loan participants, including our Bank," said Guy A. Gibson, chairman of the Company's Board of Directors.
About United Western Bancorp, Inc.
Denver-based United Western Bancorp, Inc. is focused on developing its community-based banking network through its subsidiary, United Western Bank(R), by strategically positioning branches across Colorado's Front Range market and certain mountain communities. United Western Bancorp, Inc. and its subsidiaries offer deposit services to institutional customers and custodial, administrative, and escrow services through its wholly owned subsidiary, UW Trust Company. For more information, please visit our website at www.uwbancorp.com.
Forward-Looking Statements
This press release contains certain statements that may be deemed to be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are subject to significant risks and uncertainties. Forward-looking statements include information concerning the loan participation and servicing and recovery of such loan purchased by United Western Bank. These statements often include terminology such as "may," "will," "expect," "anticipate," "predict," "believe," "plan," "estimate," "continue," "could," "should," "would," "intend," "projects," or the negative thereof or other variations thereon or comparable terminology and similar expressions. As you consider forward-looking statements, you should understand that these statements are not guarantees of performance or results. They involve risks, uncertainties and assumptions that could cause actual results to differ materially from those in the forward-looking statements. These factors include, but are not limited to: the successful implementation of our community banking strategies; the ability to secure, timing of, and any conditions imposed thereon of any, regulatory approvals or consents for new branches or other contemplated actions; the availability of suitable and desirable locations for additional branches; the continuing strength of our existing business, which may be affected by various factors, including but not limited to interest rate fluctuations, level of delinquencies, defaults and prepayments, increased competitive challenges, and expanding product and pricing pressures among financial institutions; changes in financial market conditions, either internationally, nationally or locally in areas in which we conduct our operations, including without limitation, reduced rates of business formation and growth, commercial and residential real estate development, real estate prices and other recent problems in the commercial and residential real estate markets; demand for loan products and financial services; unprecedented fluctuations in markets for equity, fixed-income, commercial paper and other securities, including availability, market liquidity levels, and pricing; increases in the levels of losses, customer bankruptcies, claims and assessments; the extreme levels of volatility and limited credit currently being experienced in the financial markets; changes in political and economic conditions, including the economic effects of terrorist attacks against the United States and related events; legal and regulatory developments, such as changes in fiscal, monetary, regulatory, trade and tax policies and laws, including policies of the U.S. Department of Treasury and the Federal Reserve Board; our participation, or lack thereof, in governmental programs implemented under the Emergency Economic Stabilization Act (the "EESA"), including without limitation the Troubled Asset Relief Program ("TARP"), and the Capital Purchase Program (the "CPP"), and the impact of such programs and related regulations on our business and on international, national, and local economic and financial markets and conditions.
Additional information concerning these and other factors that may cause actual results to differ materially from those anticipated in forward-looking statements is contained in the "Risk Factors" section included in the Company's Annual Report on Form 10-K filed March 15, 2010, and in the Company's other periodic reports and filings with the Securities and Exchange Commission. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this press release.
Any forward-looking statements made by the Company speak only as of the date on which the statements are made and are based on information known to us at that time. The Company does not intend to update or revise the forward-looking statements made in this press release after the date on which they are made to reflect subsequent events or circumstances, except as required by law.
SOURCE: United Western Bancorp, Inc.
United Western Bancorp, Inc.
Guy A. Gibson, 720-932-4284
Chairman of the Board
ggibson@uwbank.com
Regulators must do all they can to help banks make loans to creditworthy borrowers
Financial and Economy News from celeveland online..
Bernanke said making the results public ended up bolstering confidence in the financial system, an important part of the healing process at the time. In light of that, Bernanke said the Fed will continue to examine options for increasing the information that bank supervisors make public.
WASHINGTON -- Regulators must do all they can to help banks make loans to creditworthy borrowers, especially small businesses, a development that's critical to strengthening the economic recovery, Federal Reserve Chairman Ben Bernanke said today.
It's a delicate dance for the Fed and other banking regulators. As regulators encourage banks to make loans to sound borrowers, they are also working to make sure banks get back on firmer footing after suffering through the worst financial and economic crises since the 1930s.
"Our message is a simple one: institutions should strive to meet the needs of creditworthy borrowers, and the supervisory agencies should do all they can to help, not hinder, those efforts," Bernanke said in remarks prepared for a banking conference in Chicago.
"We are also supporting efforts to work with troubled borrowers to bring them back into good standing," he added.
Getting credit to flow more normally again to both people and businesses is an important ingredient to helping the fledging economic recovery gain momentum. Improvements have been made but problems still remain.
Ordinary Americans -- trying to pare their debt and rebuild their finances -- have shown a weak appetite to take out new loans.
However, many lawmakers on Capitol Hill have complained about small businesses wanting to take out loans but have trouble getting them. And, that has crimped their ability to expand operations and hire. Small businesses usually help drive job creation during recoveries, but credit clogs have hurt hiring.
Bernanke said officials at regional Fed banks across the country are meeting with small business owners and community bankers to talk about the problems and how to remedy them.
Earlier this year, the Fed and other banking regulators made a joint plea to banks to work on improving lending to creditworthy small businesses. That's an important goal for the Obama administration, too.
Even though credit remains tight, Bernanke said he sees some reasons for optimism.
"Economic activity has continued to strengthen. And, senior loan officers tell us that, at least outside of commercial real estate, they anticipate a modest reduction in their troubled loans over the coming year," Bernanke said.
"As a result, bank attitudes toward lending may be shifting," he said.
Last year, the Fed conducted "stress tests" on how the nations 19 largest banks would perform if economic conditions worsened. The Fed made the results public, departing from a long-held practice of keeping bank exam information confidential.
SourceHeadline News finance for today mei 6 2010
Caterpillar Inc. Chief Financial Officer Dave Burritt and four other top managers will leave June 1 as incoming Chief Executive Officer Douglas Oberhelman begins to put his stamp on the largest maker of construction equipment.
Burritt, 54, will be replaced by Ed Rapp, currently the group president overseeing financial products, building construction products and legal services, the company said today in a statement. Rapp, 53, will report to the CEO and oversee several of the corporate-services divisions.
The company is reducing the total number of top executives to 35 from 39, with the number of group presidents decreasing to five from six. Oberhelman, who takes over for James Owens as CEO in July and as chairman later this year, says he wants to make the company leaner and more responsive.
“Characteristically, with most companies, CEOs like to pick their own CFOs,” said Eli Lustgarten, an analyst for Longbow Securities in Independence, Ohio. “It’s not uncommon.”
Burritt wasn’t immediately available for comment. read more on Source
Fraud-Tarred Finance Firms’ Trail May Mean Blankfein Keeps Job
Goldman Sachs Group Inc. Chief Executive OfficerLloyd C. Blankfein may take comfort from Wall Street’s legal history:
Even after being sued for fraud by regulators and paying
multimillion-dollar fines, the biggest financial firms rarely depose
their leaders.
Citigroup Inc., Goldman and Merrill Lynch & Co.
were among 10 firms that agreed to pay $1.4 billion in 2003 to settle
claims that analysts manipulated recommendations. Not one CEO lost his
job over the claims. There was a similar result in 2006, when Citigroup
and Goldman Sachs were among lenders that paid $13 million for
manipulating the market for auction-rate bonds.
That same year Bear Stearns Cos. paid $250 million
to settle SEC claims it had helped clients break mutual-fund trading
rules. CEO James “Jimmy” Cayne didn’t just keep his job -- he accepted
a total 2006 payout of almost $34 million.
forced out unless he was directly involved in the behavior,” said James
Coffman, who retired as an assistant director of enforcement at the SEC
in 2007 after a nearly three-decade career at the agency. read more on Source