Crocs enters credit facility agreement with PNC Bank for up to $30 millionSeptember 30th, 2009 Crocs enters credit facility agreement with PNCNIWOT, Colo. — Crocs Inc.
Ohio AG takes lead role in securities lawsuit alleging concealment by Bank of AmericaSeptember 30th, 2009 Ohio AG takes lead role in Bank of America lawsuitCOLUMBUS, Ohio — Ohio has taken the lead role in an aggressive securities lawsuit alleging that Bank of America Corp. concealed billions of dollars in losses and bonuses paid during the bank's merger with Merrill Lynch.
Bank of America to hand over more documents in probe over Merrill deal, panel chair saysSeptember 22nd, 2009 Bank of America will give Congress more documentsWASHINGTON — Bank of America Corp. will hand over more documents to a congressional committee probing its hastily arranged acquisition of troubled brokerage house Merrill Lynch.
French President Nicolas Sarkozy says EU leaders agree to impose a cap on banker pay.September 17th, 2009 France: EU calls for global cap on bank payBRUSSELS — French President Nicolas Sarkozy says that EU leaders have agreed to impose a cap on bankers' pay. He told reporters that all 27 EU nations are in "total unity" that the world cannot repeat the "scandal" of bonuses for executives and traders that encouraged banks to take huge risks.
France optimistic that G-20 will strike agreement on bonuses at summitSeptember 11th, 2009 France sees chance for bonus restrictionsPARIS — French Finance Minister Christine Lagarde expressed optimism Friday that world leaders will agree to international rules on trader bonuses at this month's summit of rich and developed nations in Pittsburgh. In a preparatory meeting for Group of 20 summit, finance ministers last week agreed to curb hefty bankers' bonuses, but the proposed crackdown falls short of European demands after the U.S.
Bank of America asked to provide NY attorney general with further details on Merrill dealSeptember 8th, 2009 NY AG asks BofA for more details on Merrill dealNEW YORK — Bank of America Corp. and the New York Attorney General's office are sparring again over the bank's acquisition of Merrill Lynch & Co.
Finance ministers of 7 European countries call for strict bank bonus regulationsSeptember 4th, 2009 7 European countries want strict bank bonus limitsSTOCKHOLM — Seven European countries on Friday called on G-20 leaders to put together strict limits on bonuses to bank executives, calling excessive payouts not only "dangerous" but also "indecent, cynical and unacceptable."
In a joint opinion piece in Swedish daily Dagens Nyheter the finance ministers of Sweden, France, Spain, Germany, Italy, Luxembourg and the Netherlands said risks related to payouts should be surveilled very strictly. "Bonuses guaranteed for more than a year should be banned.
Bank of America defends $33M Merrill Lynch bonus settlementAugust 24th, 2009 BofA defends Merrill bonus settlementCHARLOTTE, N.C. — Bank of America Corp.
Judge declines to OK BofA's $33M settlement with SEC over Merrill bonuses, sets Monday hearingAugust 6th, 2009 Judge doesn't sign off on BofA, SEC settlementNEW YORK — A judge has balked at signing off on a $33 million proposed settlement between the Securities and Exchange Commission and Bank of America Corp. over bonuses.
Bank of America pays $33 million SEC penalty for misleading investors about Merrill bonusesAugust 3rd, 2009 BofA agrees to $33M SEC fine over Merrill bonusesWASHINGTON — Bank of America Corp. has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its executives, regulators said Monday.
Bank of America pays $33-mn fine for misleading bonusesAugust 3rd, 2009 WASHINGTON - The Bank of America agreed to pay US regulators a $33-million fine for misleading its investors about billions of dollars in bonuses paid to Merrill Lynch executives when it acquired the investment bank. While seeking stockholder approval of the deal to acquire Merrill Lynch, the Bank of America said that Merrill would not pay year-end bonuses to its executives, the Securities and Exchange Commission said.
Bank of America pays $33 million penalty to settle SEC charges that it misled investorsAugust 3rd, 2009 BofA pays $33M SEC fine for misleading investorsWASHINGTON — Bank of America has agreed to pay a $33 million penalty to settle government charges that it misled investors about Merrill Lynch's plans to pay bonuses to its employees. In seeking approval to buy Merrill, Bank of America told its shareholders that Merrill agreed not to pay year-end bonuses without Bank of America's consent.
South Indian Bank finalising pact with Qatar bankJuly 31st, 2009 THRISSUR - Kerala-based South Indian Bank (SIB) is close to signing a partnership agreement with a major commercial bank in Qatar, a senior SIB official said Friday. Talks on the agreement are fast progressing and the deal would be announced shortly, the official told IANS on condition of anonymity as he was not authorised to speak on the matter.
Three Indian banks form joint venture in MalaysiaJune 8th, 2009 KUALA LUMPUR - Three Indian banks have put up an initial investment of 86 million dollars into a joint venture to set up a subsidiary in Malaysia. The three banks - Andhra Bank, Bank of Baroda and Indian Overseas Bank - have inked an agreement to set up the India BIA Bank (Malaysia) Bhd, which is expected to start operations by September.
World Bank announces $444 mn aid to OrissaJanuary 26th, 2009 NEW DELHI - The World Bank Tuesday announced $444 million aid to Orissa for infrastructure development and rural livelihood projects. The bank has signed an agreement in this regard with the state government.
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