Bank News

First Resource Bank announced it received a $5.1 million preferred stock investment from the U.S. Department of the Treasury as part of the Small Business Lending Fund. The proceeds of this investment were used to redeem all preferred stock previously issued under the Department of the Treasury's TARP Capital Purchase Plan.

A new book offering an insider's account of the White House's response to the financial crisis says that U.S. Treasury Secretary Tim Geithner ignored an order from President Barack Obama calling for reconstruction of major banks.

Esther George, the bank?s second in command, will succeed Thomas Hoenig, who was the Fed?s longest-serving regional bank president.

Europe must take immediate and decisive action to safeguard its banking system, while the U.S. economy is at stall speed and needs a dose of fiscal stimulus, top bankers and investors said on Thursday.

* Central banks offer dollar liquidity to European lenders * Banks among day's leaders alongside industrials * Indexes up: Dow 1.7 pct, S&P 1.7 pct, Nasdaq 1.3 pct * For up-to-the-minute market news ...

* Central banks offer dollar liquidity to European lenders * Banks among day's leaders alongside industrials * Indexes up: Dow 1.7 pct, S&P 1.7 pct, Nasdaq 1.3 pct * For up-to-the-minute market news ...

* Long-time bank supervisor takes reins at KC Fed * George acted in 2009 as top Fed system bank supervisor * George, 53, holds an MBA (Adds details, background, context) By Mark Felsenthal WASHINGTON, ...

Five of the world's most important central banks teamed up to provide U.S. dollar liquidity, particularly for European banks facing a shortage of dollars, in what amounts to a liquidity bailout.

* Central banks' action eases euro zone debt worries * U.S. Fed seen acting soon after weak economic data * Coming up: Reuters/UMich Sept consumer sentiment, Friday NEW YORK, Sept 15 (Reuters) - U.S. ...

NEW YORK, Sept 15 (Reuters) - U.S. stocks rose for a fourthday on Thursday as coordinated central bank action calmed fearsthat Europe's financial sector was headed for a credit freezedue to the region's ...

NEW YORK, Sept 15 (Reuters) - The U.S. Federal Reserve didnot provide any liquidity to foreign central banks in thelatest week, the New York Fed said on Thursday. No foreign institutions tapped the central ...

* Central banks offer liquidity to European lenders * Banks among day's leaders alongside industrials * Indexes up: Dow 1.3 pct, S&P 1.3 pct, Nasdaq 1.1 pct * For up-to-the-minute market news see [STXNEWS/US] ...

U.S. stocks gathered momentum in afternoon trading Thursday, pushing towards highs of the session, as the major indexes got a lift from banks and economic-growth bellwethers such as General Electric Co. after global central banks unveiled a coordinated action to boost dollar liquidity.

* Central banks offer liquidity to European lenders * Bank among day's leaders, but UBS ADRs tumble * Jobless claims unexpectedly increase in latest week * Indexes up: Dow 1.2 pct, S&P 1.1 pct, Nasdaq ...

Investors welcome a coordinated effort by five major central banks to boost dollar liquidity in Europe's struggling financial system.

* Central banks offer liquidity to European lenders * U.S. Mid-Atlantic factory activity contracts * Jobless claims increase * Indexes up: Dow 0.8 pct, S&P 0.7 pct, Nasdaq 0.5 pct * For up-to-the-minute ...

Stocks are rising Thursday on news that central banks will increase dollar liquidity.

NEW YORK, Sept 15 (Reuters) - U.S. stocks extended gains onThursday after a plan was offered by global central banks toreintroduce dollar liquidity into the strained European bankingsystem, overshadowing ...

* Central banks offer liquidity to European lenders * U.S. jobless claims increase * Indexes up: Dow 0.7 pct, S&P 0.6 pct, Nasdaq 0.5 pct * For up-to-the-minute market news see [STXNEWS/US] (Updates to ...

NEW YORK, Sept 15 (Reuters) - U.S. stocks rose at the openon Thursday after the European Central Bank said it wouldreintroduce three-month dollar liquidity tenders in the fourthquarter alongside other ...