| Central bank unveils simpler fee model
The banks are frightened that the latest Bank of Israel drive regarding their fees will flatten their profits, but the supervisor of banks is determined to stand strong and not fold before their pressure. "We will not negotiate," Rony Hizkiyahu stated yesterday. "We will be the ones who determine how the price list looks."
Hizkiyahu says his intention isn't to tell the banks how much they may charge, only which fees they may charge, thereby giving bank customers the tools to actually compare banks. When taking the job, Hizkiyahu had promised to reform bank fees, and he's making good on his word, and ahead of time at that. His team had another month's time to present the new pricing list for bank fees. But the supervisor wants the changes to be implemented as fast as possible and yesterday presented a slim, 11-page booklet that lays down the rules.
Landowner wants to ban public from 23,000 acres (so they won't be eaten by his wolves and bears)
A MILLIONAIRE landowner plans to ban ramblers from his Scottish estate once he opens a wildlife park, in the biggest challenge yet to the right to roam legislation. Paul Lister aims to release wolves, bears, lynx and beavers back into the wild and restore his Alladale estate in Sutherland to its native state. .
Britain may offer help to Northern Rock bidders
LONDON: Britain said it would consider requests for help from potential rescuers of Northern Rock, even though this could need approval from the European Union, as it emerged proposals put forward so far were pitched low. Northern Rock shares tumbled over 20 per cent to a new low yesterday after the bank said interest from potential suitors valued it at "materially" below Friday's share price. It was also downgraded by credit ratings agency Moody's, forcing up the cost of insuring the bank's debt against default. The Treasury said that bidders should not assume that a loan arrangement with the Bank of England would be available beyond a sale, or its expiry in February. It also said it would prefer proposals that minimised any further involvement or funding from the government.
Voted #1 Florida Press 2004 FIRST PLACE Best Web Site Florida Keys Keynoter
John Dolan-Heitlinger, chief executive officer and president of Keys Federal Credit Union since 1991, has been put on paid administrative leave while the credit union's board conducts an audit.And Todd German, former manager of human resources and facilities who reported to Dolan-Heitlinger, was fired Nov. 2 for undisclosed reasons."We are conducting an audit and it is really administrative in nature," credit union board Chairman Paul Mitchell said. "From time to time, we look at all of our expenses and all of our programs and we review things in respect to our business. Our business is fine.... People shouldn't be concerned with the credit union for the safety of their money."
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Aerobics/Dance/Yoga
Gary Del Palacio Center "Jazz Funk" classes: Hip Hop class every Friday. Plaza Theater Performing Hip Hop class every Monday and Wednesday. Fee: $20.00, and new Jazz Funk class on Fridays, $10.00.
Carolina Recreation Center Aerobics classes: Held Monday-Thursday AM and PM. Carolina Recreation Center is located at 563 N. Carolina. Fee: $20/month. Information: 594-8934 or YbarraRM@elpasotexas.gov.
Leona Ford Washington Recreation Center: Looking for an Aerobics instructor. Mondays, Wednesdays and Thursdays from 5:30-6:30 p.m. The Leona Ford Washington Recreation Center is located on 3400 E. Missouri. Information: 562-7071.
Dance Classes: Afro/Cuban dance classes 6:30-7:30 p.m. Mondays and Wednesdays; Latino/salsa classes 6:30-7:30 p.m. Tuesdays and Thursdays. Fee: $20 per class.
Stocks mixed amid financial market worries, bank writeoffs
TORONTO - Investors were disinclined to do much in the way of buying late Friday morning, a day after indexes tumbled as concerns about the financial sector and the U.S. economy continued to pressure stocks. Toronto's S&P/TSX composite index gave up early gains to move down 12.84 points to 13,511.59 after financials and commodity stocks pushed the index down 250 points Thursday. The financial sector was flat. But Bank of Montreal (TSX:BMO) shares were 14 cents lower at $56.98 even as it said it is booking $320 million in writedowns arising from disorder in world credit markets, joining the list of big banks hurt by the collapse of the U.S. subprime mortgage market. That works out to $210 million after tax. The "valuation adjustments" at BMO Capital Markets include $170 million on trading and structured credit-related positions and preferred shares, $135 million on Canadian asset-backed commercial paper and $15 million on Links Finance Corp.
For Prince, the Pressure Builds
The ouster at Merrill is fueling dissent against Citi's chief
Scott Armiger has been a patient Citigroup (C ) shareholder. For five years the money manager at Christiana Bank & Trust has owned the stock, and for five years he has lost money. But despite Citi's massive writedown and looming problems from exotic mortgage-related securities, he won't dump his holdings. "If we check out now, we worry that they'll get rid of [CEO] Chuck Prince, and you'll get an instant 20% pop," says Armiger. "We are just waiting." .
The CNN Wire: Wednesday, Oct. 24
Volcano erupts in central Indonesia, sends ash 5,000 feet into the sky JAKARTA (CNN) -- Mount Soputan erupted in central Indonesia Thursday morning spewing clouds of ash up to 5,000 feet in the air, authorities said. The nearly 6,000-foot-high volcano is located in North Sulawesi province and is more than 1,300 miles northeast of the capital, Jakarta. Hendrasto, who uses a single name, with Indonesia's Vulcanology and Meteorology Agency said he was "not overly concerned" about the eruption that took place around 9:15 a.m. local time, because the closest village is about 5 miles (8 km) from the volcano. (Posted 1:53 a.m.) At least 18 killed, 7 missing in Gulf of Mexico oil rig accident (CNN) -- At least 18 oil workers were killed and seven more were missing after a portable drilling rig crashed into an oil platform during stormy seas in the Gulf of Mexico, the country's state-owned oil company said Wednesday.
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