Bank buys longtime Auburn finance campus (BizJournals)

Posted on September 8th 2008 Comments Off

Community 1st Bank, a 2006 Roseville startup, has closed escrow on a former bank campus in downtown Auburn.

New Issue-Indian Overseas Bank to raise 7 bln rupees via bonds (Reuters via Yahoo! Philippines News)

Posted on September 8th 2008 Comments Off

MUMBAI, Sept 8 (Reuters) - State-run Indian Overseas Bank will open a 7 billion rupee bond issue on Tuesday, a bank official said on Monday.

Turkish c.bank says to hold 2.5 bln lira repo auction (Reuters via Yahoo! Singapore News)

Posted on September 8th 2008 Comments Off

ISTANBUL, Sept 8 (Reuters) - Turkey’s central bank will hold a one-week repo auction on Monday with a volume of 2.5 billion lira, bank data showed .

Bank robberies down in East Bay year to date (BizJournals)

Posted on September 8th 2008 Comments Off

The number of bank robberies between January and July in Alameda and Contra Costa counties fell this year compared to last year, but you wouldn’t know it from the headlines.

Bank Insiders Purchase Own Stock at Fastest Pace in Two Decades (Bloomberg.com)

Posted on September 8th 2008 Comments Off

Sept. 8 (Bloomberg) — Bank and savings and loan insiders spent more money buying shares of their companies in May, June and July this year than in any previous three months in at least two decades, betting that financial institutions are bouncing back from the credit-market crunch.

U.S. hedge fund Fairfield, Swiss private bank merge (Reuters via Yahoo! News)

Posted on September 8th 2008 Comments Off

U.S. hedge fund Fairfield Greenwich Group has merged with Swiss private bank Banque Benedict Hentsch, bringing their combined assets under management to more than $18 billion.

Korea bank’s head is a hunter (International Herald Tribune)

Posted on September 8th 2008 Comments Off

Min Euoo Sung, chief executive of state-run Korea Development Bank, is pressing his plan for a deal with troubled Lehman Brothers.

Royal Bank of Canada considered buying Lehman: report (Reuters via Yahoo! News)

Posted on September 8th 2008 Comments Off

Royal Bank of Canada considered buying Lehman Brothers in July, but decided against the move because it doubted the U.S. bank’s ability to shore up its balance sheet, the Financial Times reported on Monday.

Fannie, Freddie aftershocks: More bank woes (CNN Money)

Posted on September 8th 2008 Comments Off

The takeover of Fannie Mae and Freddie Mac is likely to cause big problems for hundreds of community banks nationwide and could lead to a new round of bank failures.

Husband, wife booked into jail in connection with bank robbery (Salina Journal)

Posted on September 7th 2008 Comments Off

A Salina husband and wife were booked into the Saline County jail early Sunday morning in connection with Friday’s robbery of Bennington State Bank, 200 S. Ninth.