LCNB Corp. (OTCBB: LCNB) announced today that it received $13.4 million of new equity capital from the U.S. Department of the Treasury's Capital Purchase Program (CPP) established under the Emergency Economic Stabilization Act of 2008. As of ...

9 Jan 2009

Furthermore, Friday's December nonfarm payrolls report marked 2008 as the worst year for job losses since World War II, with nearly 2.6 million employees receiving pink slips on the year. While the retail sector enjoyed a nice rebound from its ...

9 Jan 2009

Axis Bank, which is the first lender to announce its third-quarter results, said that its fee income for the October-December period rose by about 57 per cent at Rs 618.91 crore as against Rs 395.05 crore in the same quarter last year. “It has been ...

9 Jan 2009

DUBLIN: Credit rating agency Standard & Poor’s cut its outlook on Ireland’s sovereign debt to negative on Friday as government finances buckle under the weight of a rapidly deepening recession. “The negative outlook reflects our view of the ...

9 Jan 2009

KARACHI: The State Bank of Pakistan has renewed the status of External Credit Assessment Institutions (ECAIs) of both the credit-rating agencies operating in the country i.e. JCR-VIS Credit Rating Company Limited and The Pakistan Credit Rating Agency ...

9 Jan 2009

More Georgia banks faced deeper problems from souring loans and other challenges in the third quarter, based on a commonly used measure of their financial health. The number of banks with high “Texas ratios” — a figure that attempts to gauge ...

9 Jan 2009