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Foreign Exchange, New York prices. Rates for trades of $1 million minimum. Fgn. currency US$ in in US$ fgn. currency Tue. Mon. Tue. Mon. Argentina (Peso) .1906 .1907 5.2460 5.2450 Australia (Dollar) .9762 .9821 1.0244 1.0182 Bahrain(Dinar) 2.6528 2.6523 .3770 .3770 Brazil(Real) .4900 .4906 2.0410 2.0385 Britain (Pound) 1.5126 1.5269 ...
Small banks gain edge, but also a share of burdens
For decades, Wilmington Trust reigned as king of community banks in Delaware. A few years after the financial crisis, after bad real estate development loans and soured mortgage securities plays soured its balance sheet, Wilmington Trust folded into the growing footprint of Buffalo, N.Y.-based M&T Bank. The end of Wilmington ...
German central bank: Economy to improve 'markedly'
Germany's central bank expects the country's economy to improve "markedly" in the second quarter — a development that could boost the wider eurozone as it struggles to get out of recession. The Bundesbank said Tuesday that Europe's largest economy should expand more robustly after a weak first three months of ...
Pa. woman appearing in church credit union case
A western Pennsylvania woman is due to be arraigned by a federal magistrate on charges she stole more than $100,000 from the tiny, church-affiliated credit union she used to manage. Fifty-nine-year-old Victoria Rozanski, of Ellwood City, was indicted earlier this month on a charge she embezzled money from Holy Redeemer ...
US futures fall as markets await hints from Fed
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress. Dow Jones industrial futures slipped 4 points to 15,315. S&P futures have given up 1.1 points to 1,663.50. Nasdaq futures are up 1.75 points to 3,019.25. Wall Street will ...
Oil price down to near $96 as traders wait for Fed
The price of oil fell to near $96 per barrel Tuesday as investors waited for the Federal Reserve's latest views on the U.S. economy. By early afternoon in Europe, benchmark crude for June delivery was down 60 cents to $96.11 a barrel in electronic trading on the New York Mercantile ...
Futures fall as markets await hints from Fed
U.S. stock futures are down in light trading ahead of an appearance this week by Fed Chairman Ben Bernanke before Congress. Dow Jones industrial futures slipped 4 points to 15,315. S&P futures have given up 1.1 points to 1,663.50. Nasdaq futures are up 1.75 points to 3,019.25. Wall Street will ...
SBA starting new lending program for veterans
The Small Business Administration says it has lined up pledges from more than 120 banks to increase lending to veterans. The agency said Tuesday it's starting a program, the SBA Veteran Pledge Initiative, aimed at increasing lending to veteran-owned businesses by 5 percent a year for the next five years. ...
Goldman sells ICBC stake for $1.1 billion
Goldman Sachs has sold its remaining stake in China's biggest commercial lender for $1.1 billion. A person familiar with the deal said Tuesday that Goldman Sachs Group Inc. sold just under 1.6 billion shares of state-owned Industrial & Commercial Bank of China Ltd. The person was not authorized to discuss ...
Venture capital conference returns to Michigan
About three dozen companies are expected to present business plans at a two-day venture fair presented by University of Michigan's Zell Lurie Institute for Entrepreneurial Studies. The Michigan Growth Capital Symposium kicks off Tuesday at the Marriott hotel in Ypsilanti. The 32nd annual event aims to connect investors with emerging ...
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