Bank

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U.S. terrorist attack victims in Israel sue Swiss bank
(USA Today - May 13, 2008)

Several American victims of terrorist attacks in Israel are demanding more than $500 million in compensation from a Swiss bank.

www.usatoday.com/news/nation/2008-05-12-terrorist-attack-vic...

Sector Snap: Investment bank stocks rise
(AP via Yahoo! Finance - May 12, 2008)

Investment bank stocks gained with the broader market Monday, as a Wachovia Capital Markets analyst said that trends for initial public offerings and mergers and acquisitions are improving.

biz.yahoo.com/ap/080512/investment_banks_sector_snap.html?.v...

Canada's 10-Year Bond Gains on Speculation Bank to Cut Rate
(Bloomberg.com - May 12, 2008)

May 12 (Bloomberg) -- The Canadian 10-year bond rose, pushing the yield to the lowest in more than a week, on speculation the Bank of Canada will cut borrowing costs amid the slowest inflation in more than a year.

www.bloomberg.com/apps/news?pid=20601082&sid=a21.s4ucC3So

Chile Central Bank Cuts 2008 Economic Growth Forecast (Update2)
(Bloomberg.com - May 12, 2008)

May 12 (Bloomberg) -- Chile's central bank cut its forecast for economic growth this year, citing increased energy prices and the effects of a drought.

www.bloomberg.com/apps/news?pid=20601086&sid=aFifin7yH9vI

Get ready for more bank failures
(CNN Money - May 12, 2008)

Bear Stearns may have been deemed too big to fail. But ANB Financial, a small bank in Arkansas, wasn't. And we might need to brace for even more bank shutdowns.

money.cnn.com/rssclick/2008/05/12/markets/thebuzz/index.htm?...

Big Australian Bank in Merger Talks With Rival
(New York Times - May 12, 2008)

Westpac Banking said that it was in talks to merge with St. George Bank, a deal that would rank as one of the largest corporate mergers in Australia .

www.nytimes.com/2008/05/13/business/worldbusiness/13westpac....

Westpac seeks deal to create largest Australian bank
(International Herald Tribune - May 12, 2008)

Westpac Banking said Monday that it was in talks to merge with St. George Bank, a deal that would rank as one of the largest corporate mergers in Australia and create the largest Australian financial institution.

www.iht.com/articles/2008/05/12/business/bank.php

Westpac chief bids for her old bank
(International Herald Tribune - May 12, 2008)

Just months after moving to Westpac Banking, Gail Kelly, the first woman to run a top-10 company in Australia, has wowed the industry with a bold bid to buy her former employer, St. George Bank.

www.iht.com/articles/2008/05/12/business/bankside.php

Australia's Westpac offers $14B for bank rival St. George
(AP via Yahoo! News - May 12, 2008)

Westpac Banking Corp. said Monday it has approached rival St. George Bank Ltd. with a $14 billion takeover offer that could lead to the biggest shakeup of Australia's banking sector in years.

news.yahoo.com/s/ap/20080512/ap_on_bi_ge/australia_bank_bid_...

ATM Glitch Hits Systems Integration at Major Japanese Bank
(PC World via Yahoo! News - May 12, 2008)

A software glitch that crept into a massive system integration project at Japan's Bank of Tokyo Mitsubishi UFJ left thousands...

news.yahoo.com/s/pcworld/20080512/tc_pcworld/145754