Read more banking stories on Newserhttp://www.newser.com/taggrid/15663/banking.html2009 - Newseren-usNewser Feed GeneratorTue, 24 Nov 2009 12:55:26 CSThttp://www.newser.com/story/72522/russian-banks-foreclose-on-pigs-lingerie.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWith loan defaults soaring, Russia’s banks have had to seize a lot of collateral lately—and we’re not talking about houses. By year’s end, 20% of Russian loans could be non-performing, by Moody’s estimate. In order to recoup those losses, the banks have accepted controlling stakes in a lingerie retailer...http://www.newser.com/story/72522/russian-banks-foreclose-on-pigs-lingerie.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 26 Oct 2009 6:21:00 CDThttp://www.newser.com/story/72287/saudi-family-feud-rocks-world-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA bitter dispute between two of Saudi Arabia's richest families is damaging the world banking industry, dragging down the Saudi economy, and causing deep discomfort over Ramadan party invites. The Gosaibi clan accuse their son-in-law Ma'an al Sanea of embezzling $10 billion from the family business, while Sanea says the...http://www.newser.com/story/72287/saudi-family-feud-rocks-world-banks.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 22 Oct 2009 8:03:55 CDThttp://www.newser.com/story/71901/how-australia-dodged-the-recession.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAustralia has weathered the financial crisis better than any other developed country. Last week its central bank raised interest rates, indicating its primary concern is now inflation, not growth. What were the keys? Phil Dobbie of BNET explains: Befriending China: Australia used to export much of what it made to...http://www.newser.com/story/71901/how-australia-dodged-the-recession.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 16 Oct 2009 17:42:30 CDThttp://www.newser.com/story/71838/wassersteins-death-triggers-188m-payout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagIt'll take more than just death to stop legendary Wall Street dealmaker Bruce Wasserstein making money. The Lazard chief's death on Wednesday triggered the vesting of $188 million in stock options, swelling a fortune recently estimated at $2.2 billion and cementing his status as one of the highest-paid bankers...http://www.newser.com/story/71838/wassersteins-death-triggers-188m-payout.html?utm_source=syn&utm_medium=rss&utm_campaign=tagFri, 16 Oct 2009 4:17:00 CDThttp://www.newser.com/story/70164/vatican-plans-major-overhaul-of-secretive-bank.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe Vatican bank—so secretive it makes Swiss bankers seem chatty—is getting a major revamp as part of Pope Benedict XVI's campaign for transparency. Italian economist Ettori Tedeschi has been appointed the new chief executive—replacing someone who's been in the post 20 years—and the bank's supervisory board...http://www.newser.com/story/70164/vatican-plans-major-overhaul-of-secretive-bank.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThu, 24 Sep 2009 4:43:49 CDThttp://www.newser.com/story/70071/us-europe-clash-on-banking-reforms.html?utm_source=syn&utm_medium=rss&utm_campaign=tagThe US and Europe are moving further apart on plans for post-financial crisis banking reform ahead of this week's G-20 summit, the Wall Street Journal reports. Both sides agree that banks should be required to keep more capital on hand to cushion them from crises, even at the cost of...http://www.newser.com/story/70071/us-europe-clash-on-banking-reforms.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 23 Sep 2009 4:16:50 CDThttp://www.newser.com/story/66531/banks-hit-poorest-with-38b-in-overdraft-fees.html?utm_source=syn&utm_medium=rss&utm_campaign=tagAmerican banks will pull in $38.5 billion in overdraft fees this year, a record sum that's largely coming from pockets of the poorest and most indebted consumers. According to the Financial Times , banks hiked fees on overdrafts and credit cards as the financial crisis took hold; this year's take...http://www.newser.com/story/66531/banks-hit-poorest-with-38b-in-overdraft-fees.html?utm_source=syn&utm_medium=rss&utm_campaign=tagMon, 10 Aug 2009 6:26:50 CDThttp://www.newser.com/story/63831/formula-1-execs-floored-by-chiefs-hitler-praise.html?utm_source=syn&utm_medium=rss&utm_campaign=tagExecutives from the firm that owns Formula One are scrambling to do damage control after their racing boss praised Adolf Hitler as a man who could "get things done." When told the World Jewish Congress was calling for his resignation, billionaire Bernie Ecclestone, 78, also said it was a "pity...http://www.newser.com/story/63831/formula-1-execs-floored-by-chiefs-hitler-praise.html?utm_source=syn&utm_medium=rss&utm_campaign=tagWed, 08 Jul 2009 4:24:55 CDThttp://www.newser.com/story/63518/hot-money-prompts-small-bank-collapses.html?utm_source=syn&utm_medium=rss&utm_campaign=tagA boom-time reliance on something known as "hot money" to boost growth has left many of America's small and regional banks with their fingers badly burnt, the New York Times reports. Brokers provided billions in deposits to ambitious banks seeking to grow fast, but the high interest rates needed to...http://www.newser.com/story/63518/hot-money-prompts-small-bank-collapses.html?utm_source=syn&utm_medium=rss&utm_campaign=tagSat, 04 Jul 2009 5:49:59 CDT