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Industry - Banking latest news
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Mark Hulbert: Corporate insiders didn't sell into market's decline in JuneANNANDALE, Va. (MarketWatch) -- One of the most bearish signals that corporate insiders can send to investors is to sell their companies' shares into a declining market. MarketWatch.com Wednesday, July 09, 2008 In tough times, 401(k)s make tempting targets you must resistWhen prices are rising and bills are pressing, any available cash may seem like the perfect solution to a short-term crunch. And that means people switching jobs these days may be more tempted than ever to cash out their 401(k). MarketWatch.com Wednesday, July 09, 2008 Raiffeisenbank closes merger with eBankaThe merger of Czech Raiffeisenbank and eBanka, which had been acquired by a majority by Raiffeisen International Bank-Holding in 2006, has been completed. Banking Business Review Wednesday, July 09, 2008 Wells Fargo Insurance Services purchases American Med-ScanWells Fargo Insurance Services has acquired American Med-Scan. The company said that the acquisition adds to its Indiana presence: 38 banking stores, 10 mortgage stores, 15 consumer finance stores, a regional commercial banking office and five insurance brokerage offices. Banking Business Review Wednesday, July 09, 2008 Rushydro appoints Bank of New York Mellon as depositaryThe Bank of New York Mellon has been selected by Rushydro as the depositary bank for its global depositary receipt program. Banking Business Review Wednesday, July 09, 2008 Firstplus to stop recruiting new customersFirstplus, a second charge secured lending business, has announced that it is to stop making new loans to customers from August 9, 2008, due to slowing demand. Banking Business Review Wednesday, July 09, 2008 MarketWatch First Take: Welcome to 'The Jerry Yang Show'Hollywood is wasting its time by airing reality shows about singers and dancers and amazing races. What about following Yahoo Chief Executive Jerry Yang around with a camera for a while? MarketWatch.com Wednesday, July 09, 2008 Yahoo CEO Yang accuses Microsoft of 'destabilizing' moveYahoo CEO Jerry Yang accuses Microsoft Corp. of trying to destabilize the Internet portal by giving a voice to support a proxy battle by billionaire investor activist Carl Icahn. MarketWatch.com Wednesday, July 09, 2008 Chanticleer to acquire Texas WingsChanticleer Holdings, an investment company, has signed an asset purchase agreement to acquire substantially all the assets of Texas Wings and its 45 related Hooters branded restaurants for a total consideration of approximately $106 million. Banking Business Review Wednesday, July 09, 2008 Abbey launches new 8% youth accountAbbey, which provides mortgages, savings, current accounts credit cards and insurance services, has launched a new youth account paying 8%. The account is eligible to all children aged 11 and over who has a parent with an Abbey bank account. Banking Business Review Wednesday, July 09, 2008 1 2 3
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