Diane Alter – AHN News Reporter New York, NY, United States (AHN) – U.S. stocks staged a late day rally Tuesday on hopes of a European rescue agreement. The Dow Jones Industrial Average soared, closing up 180 points. The S&P 500 Index was better by 42 points and the NASDAQ rose more than 26 points. [...]

Tom Ramstack – AHN News Legal Correspondent Washington, D.C., United States (AHN) – Public transportation advocates said at a Senate Banking Committee Thursday that if transit agencies lose federal funding, the entire nation would suffer. Sen. Tim Johnson (D-S.D.) chairman of the Banking Committee, said, “It is sometimes forgotten but reliable and accessible public transit [...]

U.S. employers added the most jobs in nearly a year in April, a sign of economic strength, but unemployment rose as well to 9.0 percent. “U.S. job growth hits 11-month high” is categorized as “business”. This video was licensed from Grab Networks. The copyright notice of this video is “© 2011 Reuters Business.” For additional [...]

BRUSSELS (AP) — European Union nations agreed to give euro67.5 billion ($89.4 billion) in bailout loans to Ireland on Sunday to help it weather the cost of its massive banking crisis, and sketched out new rules for future emergencies in an effort to restore faith in the euro currency. View full post on All Stories

Chancellor vows to help restore stability to Ireland’s banking system as European finance ministers gather for crunch meeting – Ireland bailout live blog: follow the latest here George Osborne pledged that Britain would support Ireland’s attempts to stabilise its banking system today, as experts from the International Monetary Fund, European Central Bank and EU prepared [...]

The Australian Bankers’ Association (ABA) said the current debate about banking is long on rhetoric but short on facts. The comments come while Australia’s top officials continue to pressure the country’s four major banks to ease interest rates as consumers bear the brunt of higher financial service fees on their loans and mortgage debts. View [...]

Australia & New Zealand Banking Group Ltd. has reported that profits soared to 69 percent as a number of its nonperforming loans dropped significantly. View full post on All Stories

NEW YORK–(BUSINESS WIRE)–The Federal Reserve won’t join a banking industry trade group in asking the U.S. Supreme Court to let the government continue to withhold details of emergency loans made to financial firms in 2008. The Clearing House Association LLC, a group of the biggest commercial banks filed the appeal today. The Federal Reserve won’t [...]

Abdi Hajji Hussein – AHN News Correspondent Mogadishu, Somalia (AHN) – Al Qaeda-inspired group Al Shabaab on Sunday imposed a ban on Zaad Service, a mobile banking service recently launched by Hormuud, Golis and Telesom telecommunications companies in Somalia. Zaad allows customers to use their mobile phones for money transfers, purchases, payment of bills, and [...]

Commonwealth Bank chief executive officer Ralph Norris has delved into the ongoing banking technology debate stressing the importance of real time processing to delivering customer satisfaction – an approach which CSC’s chief executive said had led to the bank achieving a “potentially dominant leadership position.” Speaking at a CEDA event in Sydney today Mr Norris [...]

DUBLIN–(BUSINESS WIRE)–Research and Markets (http://www.researchandmarkets.com/research/2d6a9e/charlotte_nc_mark) has announced the addition of the “Charlotte, NC Market Overview” report to their offering. As 2010 unfolds, Charlotte is still clinging to its brand as a national banking hub even after the banking meltdown of 2008 that unleashed a national recession. Charlotte’s unemployment has risen to new heights along with [...]