RBC Says Its U.S. Bank Unit Needs to Improve

Royal Bank of Canada is displeased with the performance of its U.S. arm and vows to do something about it. TORONTO – Royal Bank of Canada is unhappy with the performance of its U.S. bank unit and will do ‘everything we can’ to improve it in 2009, RBC’s

UPDATE 1-Illinois pressures Bank of America to help workers? 1 hr ago

By Andrew Stern CHICAGO, Dec 8 (Reuters) – Bank of America will lose out on hundreds of millions of dollars in fees and commissions from the state of Illinois if it fails to help laid-off workers occupying a Chicago factory, the governor warned on

Bear Stearns ruling carries echoes of Wachovia

Dec. 5–A New York judge has dismissed lawsuits filed by shareholders of Bear Stearns Cos., who complained about how the Wall Street investment firm was sold at a fire-sale price to JPMorgan Chase & Co. this spring.

The U.S. Banking Collapse: Another bank fails

From 2003 to 2007, there were 10 bank failures in the U.S. Already in 2008, 22 banks have failed, with the lowlight being the collapse of Washington Mutual on September 25–the biggest bank failure in American history. What other banks have failed this

VICTORIAN BUSINESS CONFIDENCE UNDER BRUMBY WORST OF ALL STATES

‘The most marked deterioration in confidence in recent months has been in Victoria. That has also been the case for business conditions where the deterioration has accelerated to the extent that there is little difference in the conditions reported by

UPDATE 1-Illinois pressures Bank of America to help workers

Thomson Financial News | Tue, Dec 9 2008, 04:12 GMT Thomson Financial News | Tue, Dec 9 2008, 04:07 GMT Thomson Financial News | Tue, Dec 9 2008, 03:56 GMT Thomson Financial News | Tue, Dec 9 2008, 03:32 GMT Thomson Financial News | Tue, Dec 9 2008,

Illinois Gov. threatens Bank of America

By Wendy Ponds (AXcess News) Chicago – At a press conference Monday morning, Illinois governor Rod Blagojevich (D) said his administration would suspend doing business with Bank of America if credit wasn’t reinstated to Republic Windows & Doors, a