| TFN economic and business calendar to Wednesday Dec 5
LONDON (Thomson Financial) - Key items expected in the two weeks to Wednesday Dec 5 (approx GMT times) THURSDAY NOV 22 ASIA -Japan weekly capital flow -Japan Oct supermarket sales -Hong Kong Oct CPI BENELUX -Dutch Sept consumer spending -Belgian Nov business confidence indicator (1400 GMT). Forecast -1.0 vs -0.1 -Corio Q3 results -Ackermans Q3 results (0700 GMT) -GIMV H1 results (0600 GMT), press conference, analyst meeting EASTERN EUROPE -Polish Central Bank minutes of Sept meeting (1300 GMT) -Hungary Q3 international tourist data -Comarch news conference (1230 GMT) -Italian Prime Minister Romano Prodi begins official visit to Russia -Private Banking 2007 conference opens at Radisson SAS Slavyanskaya, Moscow EUROPEAN UNION/EURO AREA -Euro zone Sept current account (adjusted) (0900 GMT). Forecast +2.8 bln eur vs +3.8 bln -Euro zone Sept industrial orders (1000 GMT).
Huntington, KeyBank add more SBA loans to portfolio
The credit crunch has dominated the financial world in the past six months, but you couldn't tell loans were tough to come by if you asked Huntington National Bank. A boatload of small-business owners turned to Huntington in the past year when it came time to get a loan. Huntington's U.S. Small Business Administration loans in the fiscal year ended Sept. 30 surged 142 percent, to 109 loans in the five-county local area of Ohio, according to SBA figures. That was the biggest rise in a fairly weak year for SBA loans in Southwest Ohio. Overall SBA lending activity was down locally in the past year. The number of loans fell 5 percent to 625, but the dollar amount actually rose 6 percent. Banks are making fewer, but bigger, loans locally. .
One year later: Did Vista's focus on security pay off?
Microsoft's emphasis on improvements to security features in Windows Vista may have undermined business adoption of the OS as many business and enterprise customers are still holding off on upgrading to the OS nearly a year after its release to them. .
Stocks fall amid banking concerns
Wall Street resumed its slide Monday as investors absorbed a gloomy outlook for the banking sector as well as bleak news about housing. The major stock market indexes each fell more than 1.5 percent, with the Dow Jones industrial average giving up more than 200 points. .
Gloom at credit-check firm after banks and retailers curb lending
Experian added to fears of a slowdown when the credit-checking agency's chief executive said he viewed today's economic climate as the worst for 20 years. "I've been in this business a long time, and this is as big a market challenge as I've seen in the last couple of decades," Don Robert said yesterday. Within minutes of his comments being reported, shares in Experian fell almost 20%; the firm carries out credit checks on consumers for banks and major retailers. It expects its sales to slow considerably over the next few months as customers cut lending to consumers amid the downturn in credit markets. "The market environment in the US and the UK is tough, and is likely to get tougher," he said. "Our financial services clients have deferred their spending for capital projects and for marketing to new customers.
Subprime Crisis Hit Investment Banks Hard in Third Quarter, but Business Models Remain Sound, Says BCG
Leading investment banks felt the effects of the subprime crisis in the third quarter and should take steps to strengthen their risk management strategies and practices, according to The Boston Consulting Group's latest quarterly Investment Banking and Capital Markets report. .
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