Finance Law

By Michael Molinski SAN FRANCISCO (MarketWatch) — Banking is back in Latin America. While most of the rest of the world is still recovering from the global financial crisis of 2008, Latin American banks have recovered. Five factors have fueled that growth: a growing middle class, access to banks for the previously “unbanked” population, growth [...]

The divide between banking and bankruptcy was illustrated during the financial crisis when the banking people told the bankruptcy people to file Lehman Brothers — now. No real economy company would think of doing that — just look at the months of preparation that went into the American Airlines Chapter 11 filing — so the [...]

February 22, 2012, 6:10 AM EST By Ben Martin and Esteban Duarte (Adds Renault, BMW from second paragraph.) Feb. 16 (Bloomberg) — Volkswagen AG and PSA Peugeot Citroen are among carmakers lining up to tap the cheap European Central Bank loans that are keeping the finance industry afloat. Renault SA said it may also borrow [...]

By China Bureau SHANGHAI -(MarketWatch)- Bank of China Ltd. , one of China’s four largest state-run banks, will open a second head office in Shanghai next month, the China Business News reported Wednesday, citing an unnamed source. The Shanghai head office will oversee the bank’s trading businesses, including for interbank lending, bonds, gold and other [...]

HOT SPRINGS, Ark., Feb. 21, 2012 (GLOBE NEWSWIRE) — A $25,000 Economic Development Program Plus (EDPPlus) grant was awarded by Southern Bancorp Bank and the Federal Home Loan Bank of Dallas (FHLB Dallas) to help aspiring entrepreneur Hazel Dillehay accomplish her dream of owning a small business. Ms. Dillehay purchased Hot Springs Medical Rentals during [...]

LOS ANGELES, Feb 21, 2012 (BUSINESS WIRE) – The following statement is being issued by Beach Business Bank /quotes/zigman/367557 BBBC 0.00% pursuant to an order of the Los Angeles Superior Court: SUPERIOR COURT OF THE STATE OF CALIFORNIA COUNTY OF LOS ANGELES IN RE BEACH BANK SHAREHOLDER LITIGATION CLASS ACTION Case No. BC470648 NOTICE OF [...]

By Kylie MacLellan LONDON | Tue Feb 21, 2012 10:37am GMT LONDON (Reuters) – Just weeks before the birth of her first child, Gem Misa could be found handing out samples of her home-developed salad dressing range in a high-end London department store, an apron around her heavily pregnant waist. After her daughter was born [...]

By Swati Pandey and Shamik Paul Tue Feb 21, 2012 8:39am IST (Reuters) – Indian businesses and consumers may have to live with high borrowing costs until the second half of 2012, even if the Reserve Bank of India (RBI) obliges with an interest rate cut as early as March. Scores of private and state-owned [...]

Bank of Ireland, the only one of Ireland’s six banks to avoid nationalization, on Monday reported it returned to net profit in 2011 thanks to heavy debt restructuring in the face of continued losses from dud loans. Bank of Ireland said it netted euro40 million ($52.8 million) in profit thanks in part to a euro230 [...]

Mon Feb 20, 2012 11:54am EST * Gets approval for commodities unit from UK regulator * Chinese involvement seen boosting volumes amid bids for LME By Eric Onstad LONDON, Feb 20 (Reuters) – Bank of China International (BOCI) is on track to become the first Chinese member of the London Metal Exchange – giving the [...]