Banking News

Columbia Bancorp To Close Mortgage Banking Unit (Fox News)
Columbia Bancorp To Close Mortgage Banking Unit

Lazard Lures Away Citi’s European Metals Banking Head (New York Times)
Lazard said Thursday that it has hired Spiro Youakim, the former head of Citigroup ’s European metals and mining banking group, to serve in a similar function in London.

Columbia Bancorp to close mortgage banking business; to incur charge in Q3 - Update (Nasdaq)
(RTTNews) - Friday, before the bell, Columbia Bancorp (CBBO), the financial holding company for Columbia River Bank, affected by the current banking environment, announced its intention to close Columbia River Bank's Mortgage Banking Team, and said it would incur severance-related expenses in the third quarter.

Anglo Irish sells Austrian private banking arm (ShareCast via Yahoo! UK & Ireland Finance)
Anglo Irish Bank agreed to sell its Austrian private banking subsidiary to Swiss banking group Valartis.

South Africa: Banking on the Future (AllAfrica.com)
YESTERDAY saw some early action in the banking sector, but it fizz led during the day. It must be said banks have been the big winners over the past three months.

Bank of Queensland m-banking service goes live (Finextra)
Bank of Queensland today launched its new Mobile banking solution, which offers customers access to BOQ internet banking, and the Bank's broader ...

StanChart to hire more for HK consumer banking (The Star)
HONG KONG: Standard Chartered Plc, the UK bank that gains most of its profit in Asia, aims to employ 50% more staff at its consumer banking unit in Hong Kong even as it projects slower growth in the city.

Metrobank gears for all-weather banking (Philstar.com via Yahoo! Philippines News)
The Metropolitan Bank & Trust Co. (Metrobank) has continued to embrace technology as its partner in expanding its reach and promoting convenience to the banking public.

Growing economy to boost Indias banking system: RBI (Express India)
Raising the issue of capital convertibility, the RBI, in its report on currency and finance 2006-08, has said that as the economy gets increasingly integrated with the global economy, the Indian banking system would also get progressively integrated with the rest of the world.

Investment Banking Vets Join Merrill (TheStreet.com)
Richard Barrett and Mark Ellman will try to drum up new business among flagging U.S. financial clients.

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