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Asia Policy Makers `Monitor' U.S. Banking Crisis, Assess Impact (Bloomberg.com) Sept. 15 (Bloomberg) -- Asian policy makers, whose banking industries have largely averted the crises in U.S. and Europe, said they are monitoring developments in the world's biggest economy to ensure minimal impact on their financial systems. Bush: Wall Street Can Handle Investment Banking Shake-up (Fox News) Bush: Wall Street Can Handle Investment banking Shake-up Medvedev: Government will ensure liquidity in banking sector, Russia faces no financial crisis (Canadian Business) Nataliya Vasilyeva September 15, 2008 - 11:30 a.m. MOSCOW (AP) - Russian President Dmitry Medvedev assured business leaders Monday that the government will safeguard liquidity in the banking system and insisted that Russia's financial sector is not in crisis despite continuing stock market declines. Westpac Banking Cuts Its Fixed Interest Rates for Home Loans (Bloomberg.com) Sept. 15 (Bloomberg) -- Westpac Banking Corp. , Australia's second-biggest by market value, cut its fixed interest rate for home loans by as much as 30 basis points. SMobile Systems launches m-banking security system (Finextra) SMobile Systems, the leading developer of mobile security solutions, announced the launch of its Secure Mobile Banking and Trading (SMBT) endpoint ... CIBC extends Sunday banking to more branches across Canada (Investment Executive) CIBC will be expanding Sunday banking hours to additional locations across the country over the next year. With the addition of 33 new Sunday hours branches, CIBC will be open on Sundays at 45 branches across the country. Bank of the West revamping online banking (BizJournals) With more customers seeking the convenience and efficiency of online banking, Bank of the West is revamping and expanding its eTimeBanker Internet banking service. It has turned to Matthew Macomber, a former Washington Mutual executive, to oversee the effort. BANKING (Miami Herald) BANKING Kevin J. Gordon has been hired at accounting firm Berenfeld Spritzer Shechter & Sheer as senior managing director of Berenfeld Capital Markets, the firm's new investment banking affiliate. Previously, he was a managing director of Ladenburg Thalmann & Co. Asia to `Monitor' U.S. Banking Crisis; Assess Impact (Update1) (Bloomberg.com) Sept. 15 (Bloomberg) -- Asian policy makers, whose banking industries have largely averted the crises in U.S. and Europe, said they are assessing developments in the world's biggest economy to ensure minimal impact on their financial systems. US Banking System Faces Shakeup (Voice of America) Financial lenders are facing a major industry reorganization Monday that promises to change the face of banking in the United States. On Sunday, Merrill Lynch agreed to sell itself to bank of America for some 50 billion dollars. Experts say the move will make the nation's prime lender even bigger. |
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