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business / Banking

Gaining trust: Louisville-area banks find steady income from trust departments
With the national financial sector in an uproar, there is one area of banking where institutions can look to as a reliable business that provides steady fee income.
Biz Journal Monday, March 30, 2009

Bankers: Millions in new FDIC costs will slash bottom lines, curb spending
First National Bank of Scotia had planned to upgrade the signs on all of its branches this year, but that will not be happening.
Biz Journal Monday, March 30, 2009

Colonial Bank needs capital amid Florida loan problems
Days away from a regulator-imposed deadline to raise private capital, Colonial BancGroup has been plagued by problem loans in Florida that have placed it in a precarious position. (CNB)
Biz Journal Monday, March 30, 2009

Government Efforts Having Effect on Financial Markets, Says ECB's Bini Smaghi
(CEP News) Frankfurt - Signs that government stimulus measures are having a positive effect on financial markets are beginning to emerge, European Central Bank Executive Board member Lorenzo Bini Smaghi said.
Economic News Monday, March 30, 2009

ECB's Bini Smaghi Says Governments Shouldn't Focus on Short-Term Solutions
(CEP News) Frankfurt - Governments must focus their efforts on making structural economic changes instead of merely looking for short-term solutions, European Central Bank Executive Board member Lorenzo Bini Smaghi said.
Economic News Monday, March 30, 2009

German Economic Contraction Could Accelerate, Says ECB's Weber
(CEP News) - The German economy could contract even more in Q1 compared to the previous quarter, but it is not unreasonable to anticipate stabilization sometime in 2009 and a recovery in 2010, Bundesbank President Axel Weber said in a prepared speech to be delivered on Monday.
Economic News Monday, March 30, 2009

ECB's Trichet Sees Ongoing Deterioration of Euro Zone Economy
(CEP News) - The economic outlook for the euro zone has weakened further and inflationary pressures are falling, European Central Bank President Jean-Claude Trichet said Monday.
Economic News Monday, March 30, 2009

Basel Reforms Should Strengthen Financial System, Says Wellink
(CEP News) - The Basel Committee's recommendations should help strengthen the global financial system, provided they are introduced in a timely manner, according to Dutch central bank President Nout Wellink.
Economic News Monday, March 30, 2009

Fed's Duke Sees More Weakness in Consumer Borrowing
(CEP News) - Consumer credit has been trending down and shows signs it will slow further in the near term, Federal Reserve Governor Elizabeth Duke said on Monday.
Economic News Monday, March 30, 2009

BOC Governor Carney Says G20 Must Address Financial Regulation
(CEP News) - Bank of Canada Governor Mark Carney said the G20 should take a comprehensive and widespread approach to financial regulation.
Economic News Monday, March 30, 2009

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