About Ourtown Own A Town Sign In
Banking News
  1. Coal Keeps Sliding as OPEC-Like Tactic Stymied by Dollar: EnergyFri, 30 Jan 2015 23:35:29 GMT
    Miners from Colombia to Australia maintained output as prices fell for a fourth year in 2014 amid a global glut of seaborne coal that Deutsche Bank AG says is poised to triple this year. A 19 percent jump since July in the Intercontinental Exchange's dollar index, which tracks the greenback against 10 major peers, has helped companies that extract the power-plant fuel whose costs are measured in local currencies. More...
  2. How Canadian Banking Stocks May Act As A Defensive Play During Rough PeriodsFri, 30 Jan 2015 19:25:55 GMT
    The Capital Asset Pricing Model shows that American banks have outperformed the S&P 500 over the past four years when risk appetite has increased. I see Canadian banks as proving to be a good play during periods of downturn, given less exposure to credit risk due to more prudent lending regulations. More...
  3. Does BofA's Brian Moynihan get more jet perks than any other Fortune 100 CEO?Fri, 30 Jan 2015 15:06:45 GMT
    Brian Moynihan , chairman and CEO of Bank of America Corp., received in 2013 almost half-a-million dollars in corporate jet perks, according to an article in Fortune magazine this week. The report, citing a study by research firm Equilar, lists the five Fortune 100 CEOs receiving the most corporate jet benefits . More...
  4. Eurozone prices plunge 0.6 pct amid weak growth, cheap oilFri, 30 Jan 2015 10:51:53 GMT
    German Vice Chancellor and Minister for Economy and Energy Sigmar Gabriel attends a news conference to present the annual German economic report with the government's economy projection in Berlin, Wednesday, Jan. 28, 2015. FRANKFURT, Germany - Falling oil prices and a weak economy have sent prices in the eurozone even lower ahead of the start of a 1 trillion euro stimulus effort by the European Central Bank. More...
  5. 2GB owner expects sharp fall in profitFri, 30 Jan 2015 08:47:03 GMT
    Macquarie Radio expects a 65 per cent fall in half year profit, partly due to the cost of a new multi-million dollar contract for broadcaster Alan Jones. The owner of Sydney radio stations 2GB and 2CH said costs from its proposed merger with Fairfax Media's radio business, which is set to be completed by the end of March, had also significantly dented profit in the six months to December 31, according to preliminary calculations. More...
  6. CIBC has cut over 500 jobs recently: Wall Street JournalFri, 30 Jan 2015 04:37:32 GMT
    A published report says the Canadian Imperial Bank of Commerce has cut more than 500 jobs over the past two weeks. The Wall Street Journal quoted an email from the bank as saying the reductions are part of ``an overall alignment of resources.' More...
  7. FBI releases photos of San Francisco gold nugget thievesFri, 30 Jan 2015 00:32:50 GMT
    The FBI has released photos made from surveillance video of three masked thieves stealing historic gold nuggets on display at a San Francisco bank museum after ramming a stolen SUV through its revolving door. One of the robbers held a gun to a security guard's head while his accomplices stole the gold nuggets from the Wells Fargo History Museum, the site where the bank launched in 1852. More...
  8. Sixth straight day of gains for marketThu, 29 Jan 2015 20:18:18 GMT
    The local market bucked a negative lead from Wall Street to gain one third of a percentage point and secure its longest run of gains in more than three months. Banks led the charge after a columnist wrote the Reserve Bank of Australia was likely to cut the cash rate to a new record low next week. More...
Advertisements
Have Your Say
Business News
Server did not return 200: Feed not found error: FeedBurner cannot locate this feed URI.