Business - Banking Industry

DUBAI (Reuters) - The United Arab Emirates' central bank governor said on Monday there was no cause for concern about local banks, which he said had proven themselves able to weather the global crisis, the state news agency WAM reported. Full Story »

WASHINGTON (Reuters) - U.S. banks continue to face significant challenges, particularly from rising delinquencies in commercial real estate and commercial loans, a Federal Reserve official said on Monday. Full Story »

NEW YORK - Bailed-out Bank of America amended the salaries of two senior executives after a review by the White House pay czar, according to a regulatory filing. Full Story »

NEW YORK - Moody's Investor Service said Friday that ratings on banks in the United Arab Emirates were already on review, and that no immediate downgrades are expected in light of Dubai's debt crisis. Full Story »

NEW YORK (Reuters) - Moody's Investors Service on Friday said it will make no changes for now to the ratings or outlooks of banks in the United Arab Emirates with exposure to the two Dubai entities whose debt problems have roiled global markets. Full Story »

SEATTLE - Food banks across the country are undergoing a high-tech revolution, adopting sophisticated databases, bar coding, GPS tracking, automated warehouses and other technologies used in the food industry that increasingly supplies their goods. Full Story »

CHICAGO - Prentice Jones worked construction jobs around Chicago for most of his 60 years and is quick to boast of a foreman job he once held at a revamped city college and 23 years at a steel company. Full Story »

(Reuters) - Most big U.S. banks may be forced to make public offerings soon if the Treasury demands payback of the funds it issued under the Troubled Assets Relief Program, veteran banking analyst Richard Bove said. Full Story »

NEW YORK (Reuters) - The costs to insure the debt of some big U.S. banks against potential default rose between 10 and 20 basis points on Friday amid a selloff in riskier assets on investors' concerns about Dubai's debt difficulties. Full Story »

LONDON (Reuters) - Britain is past the worst of the recession and should return to growth in the fourth quarter, two Bank of England policymakers said, in remarks which support government forecasts the economic downturn is nearly over. Full Story »

LONDON - British banks should be forced to disclose the number of employees who earn more than 1 million pounds ($1.65 million) a year, a government-commissioned review of corporate governance in banks said Thursday. Full Story »