BanksDaily.com - Banking News Daily

Six more US banks have been shut down

Six more banks failed based on FDIC data on December 4, including Greater Atlantic Bank, Benchmark Bank, AmTrust Bank, The Tattnall Bank, First Security National Bank and The Buckhead Community Bank. The latest collapses bring the bank failure tally to 130 for the year.

Banks of Armenia have overcome the economic downturn with minimal losses

Armenia and Russia have overcome the economic downturn with minimal losses, says the Chairman of the Board of Directors of Ameriabank and Troika Dialog Group of Companies, Mr. Ruben Vardanian after the grand opening of Ameriabank's head office in Yerevan.

American several times robbed the same bank in Florida

The man, who has made no effort to disguise himself, has robbed this same bank three times this year, including Saturday. And he remains unidentified.

U.S. foreign debt exceeds $ 12.1 trillion by the end of November

This week Uncle Sam plans to sell $123 billion worth of Treasurys. That will bring the country's debt level very close to the $12.1 trillion debt ceiling.

Banks in Florida, Georgia, Illinois, Minnesota and Wisconsin were shuttered

The tally of bank failures easily broke past the No. 100 milestone on Friday night, with regulators announcing the year's 106th closure. That's more than four times the number that were closed in 2008, and the highest total since 1992, when 181 banks failed.

Russia drops $22.5bn BNY Mellon lawsuit

Russia dropped a $22.5 billion lawsuit Thursday against Bank of New York Mellon after the company agreed to pay $14 million to settle a decade-old money-laundering case involving one of its former executives.

Morgan Stanley sells loss-making division

Morgan Stanley has struck a deal with investment manager Invesco which will see the US bank sell its retail asset management business for $1.5 billion in stock and cash.

Qatar may make $1 billion selling Barclays shares after bailout

Qatar will make about 633 million pounds ($1 billion) as it sells shares in Barclays Plc a year after it helped bailout Britain's second-biggest bank.

Banks may lose licenses if interest rates remain high

Licenses of Russian banks, which have been bailed out by the government but are now reluctant to cut down interest rates for the real sector, may be revoked, Chairman of the Russian Audit Chamber Sergei Stepashin announced at a regional meeting of heads of audit agencies of the Siberian Federal District.

Bank Earnings Show Shifting Landscape of Wall Street

Earnings results from two financial giants underscored the new order taking shape on Wall Street, as its strongest banks post huge profits while other once-mighty players continue to strain under losses from souring loans.

French Bank to Repay Government Bailout

CrÃ©dit Agricole, the French bank, said Wednesday that it would repay the €3 billion of debt the government bought last December, becoming the latest big bank to pay back a bailout.

Up to 175,000 students still waiting for loans and grants

Up to 175,000 students are still waiting for their loans and grants a week after university courses started, it emerged today.