Credit
Final Glance: Finance companies
NEW YORK — Shares of some top finance companies were mixed at the close of trading: Bank of America rose $.06 or .4 percent, to $16.80. Citigroup rose $.26 or 7.3 percent, to $3.82. JPMorgan Chase fell $.17 or .4 percent, to $42.42.
Greece says finance problems a broader issue
Greek Finance Minister George Papaconstantinou proposed on Tuesday a ban of derivative trading techniques which increase the debt costs of countries which struggle to cut their deficits, such as Greece.
Final Glance: Finance companies
NEW YORK — Shares of some top finance companies were mixed at the close of trading: Bank of America rose $.04 or .2 percent, to $16.74. Citigroup rose $.06 or 1.7 percent, to $3.56
Early Glance: Finance companies
NEW YORK — Shares of some top finance companies are mixed at 10 a.m.: Bank of America rose $.11 or .7 percent, to $16.81.
ASIAN FINANCE BANK RAISES BLR TO 5.75 PCT
KUALA LUMPUR, March 8 — Asian Finance Bank Bhd will raise its base financing rate to 5.75 per cent, from the current 5.5 per cent, effective March 9.
SKorean finance chief warns against rate increase
South Korea’s finance minister warned Monday the country’s economic recovery remains too fragile to withstand an increase in borrowing costs from a record low, cautioning the central bank just days ahead of a rate-setting policy meeting.
Day defends finance minister’s late-night flight
The government’s plan to set a positive economic example for Canadians by curbing its own operational spending was not harmed by Finance Minister Jim Flaherty’s flight to London, Ont., this week, Stockwell Day said Sunday.
Banks may co-finance EU-funded projects, due to high liquidity
Due to large amounts of cash available in the banking system, banks should consider financing projects aimed at drawing EU funds, as the Public Finance Ministry will tone down its presence on the domestic state bonds’ market, compared to 2009, Finance Minister Sebastian Vladescu said.
Germany mulling ‘European IMF’: finance minister
BERLIN -Europe needs an institution similar to the International Monetary Fund to combat situations such as the Greek fiscal crisis, Germany’s finance minister was quoted as saying Sunday.
Interim CEO contract with VRMC OK’d by finance panel
VIRGINIA — A contract with Kyle Hopstad for the interim CEO position at the Virginia Regional Medical Center, pretty much along the lines of his proposal, was approved by the Hospital Commission’s Finance Committee Friday morning.
