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UK savers get £21bn compensation The cost of reimbursing UK savers in the first six months of the credit crisis was £21bn, the official compensation body says. BBCSwaps Lose Luster as Bonds Step Up Investors scarred by the credit-market turmoil are turning to bonds to accomplish things for which they once tapped credit-default swaps. Wall Street JournalDEALTALK-Fleas and fees: Evercore bags key Sanofi mandateReuters Focus Business Bank Announces Financial Results for the Quarter and Six Months Ended June 30, 2009 SAN JOSE, CA--(Marketwire - July 31, 2009) - Focus Business Bank (OTCBB: FCSB) announced unaudited financial results for the quarter and six months ended June 30, 2009. The Bank achieved solid growth in both loans and deposits and closed the quarter with total assets of $103 million, a record for the Bank. The Bank had a loss for the quarter of $1,589,000 and a loss for the first six months ended June 30, 2009 of $1,963,000. President and Chief Executive Officer Richard L. Conniff said, 'The Bank's performance in the second quarter of 2009 was impacted by deterioration in the credit quality of the loan portfolio. Economic conditions have caused certain of the Bank's borrowers to experience difficulty servicing their loans. As a result, the Bank significantly increased provisions for loan losses in the second quarter of 2009. The Bank's credit metrics still compare well with our peers but we feel it is necessary to Market WireTop UK credit rating not in danger UK government debt is rising more quickly than in any other major economy, but its top credit rating should not be in danger if the government increases its levels of debt reduction, according to a report by Fitch Ratings FTGM Dealerships Credit PR Push for SurvivalCBS News Baldwin Signs Amendment to Credit Agreement Baldwin Technology Company, Inc. (NYSE Amex:BLD), a leader in process automation technology for the global printing industry, announced today that it hasread more Fresh NewsBecome a Forex Trader and Enjoy Your Time Earning an Income From the Comfort of Home Making money on the internet and forex trading are ever evolving animals. These days if you possess a computer and a credit card, then you are easily able to become a forex trader. E-ZineInvestors train sights on post-1945 art ZURICH (Reuters) - Investors battered by the credit crisis could look beyond equities and bonds in their quest for returns: those with a keen eye are beginning to see bargains in contemporary art. ReutersThere`s Never Been a Better Time to Get Your Company Formation Underway Why the credit crunch doesn't have to spell disaster for small businesses and start-ups. The BBC has recently been following the fortunes of ten small businesses across the UK as they continue to succeed in the face of the economic downturn. E-Zine1 2 3 |
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