| PNC patents the environment - community blog from Paul Penrose
Watch out banking eco-warriors, PNC Financial Services in the US has patented the term 'Green Branch', with reference to its network of 40 environmentally-friendly bank branches across six states. The Pittsburgh-based bank claims to have more certified, environmentally-friendly buildings than any other company on earth. "Consumers want to do business with socially responsible companies and PNC is leading the way in the banking industry," trumpets Neil Hall, head of retail distribution, PNC Bank, in a press release celebrating the patent. According to PNC, a main reason for the Federal Patent Office's approval of the bank's trademark application is that financial services are not generally associated with environmentally friendly or ecologically efficient characteristics.
Shares of Ford, GM tumble with broader market
DETROIT - Shares of Ford Motor Co. (NYSE:F) and General Motors Corp. (NYSE:GM) dropped to below or near their 52-week lows on Wednesday, but GM recovered on news that its former financial arm may sell parts of its struggling mortgage business. Several industry analysts said the bump auto stocks received due to new lower-cost labour agreements with the United Auto Workers has been erased in recent weeks by investor concerns about waning consumer confidence and potentially tighter credit. "Right now people are scared. There are reasons to be scared," said Efraim Levy, a senior industry analyst with Standard & Poor's. "There are fears that consumers are getting tapped out and either will be afraid to or won't be approved to borrow money for buying vehicles." Ford shares dropped as low as $6.87 on Wednesday, just above its 52-week low of $6.85.
Reinsurers Need To Address Catastrophe Risk and Regulatory Issues in 2008 In the coming year, reinsurers should focus ...
The first challenge facing the reinsurance industry in the coming year is providing capacity to address natural catastrophe risk both in the U.S. and other parts of the world. Although reinsurers have been very responsive to the demand for risk transfer from the primary insurance companies in the past (approximately $35 billion of new capacity entered the market since Hurricane Katrina), it is a continually growing market demand, particularly given the property development and appreciation of property in high-risk coastal and earthquake areas. The second challenge is striking the proper balance between the public and private sectors in addressing catastrophe risk. In the U.S., we've seen increasing interest on the part of Congress to expand the role of government related to catastrophe risk -- the House approved the addition of windstorm coverage to the National Flood Insurance Program and is considering legislation to provide low-interest federal loans to state residual markets and state pools.
Security Bank Corporation Announces Quarterly Dividend
MACON, Ga., Nov. 20, 2007 (PRIME NEWSWIRE) -- Security Bank Corporation (NasdaqGS:SBKC - News) announced today that its Board of Directors declared a regular quarterly cash dividend of $0.0875 per common share. The dividend is payable December 31, 2007 to shareholders of record at the close of business December 14, 2007. The indicated annual cash dividend is $0.35 per common share. .
SunTrust Declares Quarterly Dividend
The Board of Directors of SunTrust Banks, Inc. (NYSE: STI - News) has declared a regular quarterly cash dividend of $0.73 per common share. The dividend is payable on December 14, 2007, to shareholders of record at the close of business on November 30, 2007. The indicated annual cash dividend is $2.92 per common share. .
Maxwell House To Pay Tolls As Part Of A Miami Thanksgiving Day Promotion
MIAMI -- One coffee company is giving Miami commuters a morning treat. It's not coffee that Maxwell House is serving up, but Miami drivers will be just as pleased. The company is paying for tolls on the 836 highway Wednesday morning to celebrate Thanksgiving. The "Brew Some Good" campaign will be in eight other cities as well. Maxwell House said it will make a donation to a food bank on top of paying those tolls. .
19-11-2007: Alliance offers 35% lower instalment
KUALA LUMPUR: Alliance Bank is offering borrowers a 35% lower monthly instalment payment in the first year compared to other personal loans in the market with the launch of its first two-tired Islamic personal loan Alliance Cash Vantage Easy-i. Alliance Bank said its new Islamic product offers greater financial flexibility and management to individuals with flexible and convenient monthly repayments. The personal loan offers monthly repayments from RM90, with its financing limit ranging from RM5,000 to RM150,000 with a fixed profit rate of 9.99% over the maximum tenure period of five years.
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