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Islamic banking challenges in spotlight

(MENAFN - Bahrain Tribune) With Islamic banking assets set to reach $1 trillion by 2010, the issues like harmonisation of shariah standards, regulations and supervision of the Islamic financial institutions are among the key challenges for regulators, policy makers and the major players in the industry. Bahrain being the Islamic banking centre in the Middle East is set to host the top experts, government officials, regulators, shariah experts at Accounting and Auditing Organisation for Islamic Financial Institutions (AAOIFI) and World Bank Annual Conference 2008 which opens tomorrow. AAOFI-World Bank 2008 will provide a rare opportunity to the regulators, policy makers and major players in the Islamic banking and finance to deliberate upon challenges, opportunities at time when the entire global economy is heading towards a slow down if n

Regulators shut banks in Texas, California

Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19.

Regulators shut Security Pacific Bank in Calif.

Regulators have shut down Los Angeles-based Security Pacific Bank, marking the 19th failure this year of a federally insured bank.

Regulators shut Franklin Bank in Texas

Regulators on Friday shut down Houston-based Franklin Bank, marking the 18th failure this year of a federally insured bank.

Regulators shut banks in LA, Houston

Regulators shut down Houston-based Franklin Bank and Security Pacific Bank in Los Angeles on Friday, bringing the number of failures of federally insured banks this year to 19.

Regulators shut Security Pacific Bank in Calif.

Regulators have shut down Los Angeles-based Security Pacific Bank, marking the 19th failure this year of a federally insured bank.

Regulators shut Franklin Bank in Texas

Regulators on Friday shut down Houston-based Franklin Bank, marking the 18th failure this year of a federally insured bank.

Regulators Close Georgia Bank

Regulators Friday closed Alpha Bank & Trust of Alpharetta, Ga., in what was the 16th U.S. bank or thrift failure this year and the second in Alpharetta.

Regulators Close Florida Bank

State regulators closed Freedom Bank of Bradenton, Fla. on Halloween, in what was the 17th U.S. bank or thrift failure of 2008. It was also the second closing of a Bradenton-based bank in 2008, following the Aug. 1 shuttering of First Priority Bank.

Regulators close 2 more US banks

NEW YORK: Regulators have closed two more US banks, taking the total number of bank failure this year to 19.

Regulators Issue Final Rule For Illegal Internet Gambling

(RTTNews) - Federal regulators issued a rule Wednesday prohibiting companies from knowingly accepting payments related to unlawful Internet gambling.

Regulators seize Florida's Freedom Bank - 17th this year

New York - Florida's Freedom Bank was the 17th US bank to be seized by regulators this year amid the widening credit crisis and worst housing slump since the Great Depression of the 1930s, reports said Saturday. The state's Office of Financial Regulation on Friday closed the bank, which had 287 million dollars in assets and 254 million dollars in deposits, according to a statement from the Federal Deposit Insurance Corp (FDIC).

US regulators shut 2 more banks

Federal regulators have shut down two banks based in California, saying they fell victim to the acute distress in the housing market in that state.

US regulators shut two California banks

WASHINGTON (Agencies): U.S. regulators have shut down two banks based in Southern California, saying they fell victim to the acute distress in the housing market in that state. The failures of Downey Savings and Loan Association, based in Newport Beach, and PFF Bank & Trust of Pomona brought the number of U.S. bank failures this year to 22. The Federal Deposit Insurance Corp., the U.S. agency that insures bank deposits, was appointed receiver of the two thrifts. U.S. Bank, based in Minneapolis, acquired all the deposits of both. Downey, the 23rd-largest U.S. savings and loan, had assets of $12.8 billion and deposits of $9.7 billion as of Sept. 30. PFF, the 38th-largest, had assets of $3.7 billion and $2.4 billion in deposits. Thrifts, also known as savings and loans, differ from other banks in that, by law, they must have at least 65 perc

Russian Regulators Block Google Online Advertising Acquisition

An anonymous reader writes "Russian regulators will not let Google buy a local online advertising company, halting a $140 million deal agreed to in July. Google had planned to acquire Zao Begun, which has a search and contextual video and text advertising business. Begun is owned by Rambler Media, a Russian company that own various Web sites and runs a search engine. Google said it is reviewing the decision of Russia's Federal Antimonopoly Service (FAS) and hasn't decided how to react. Slashdot has previously covered some of the issues surrounding Google's muscle in the advertising market."

EU regulators seek more bond information from Irish banks

EU securities regulators are in talks to tighten up disclosure rules governing bond issues by Irish banks in the wake of the government guarantee, to ensure that investors have greater access to information that could affect their decision to place money with Irish institutions.

Fearing Regulators, Google Abandons Yahoo Deal

Deciding it was not worth the time and effort to fight government regulators, Web search giant Google pulled out of a proposed partnership with Yahoo to share search advertisement revenue.

European Regulators Rule Against Embryonic Stem Cell Patent

In a ruling that could suppress research by stem cell companies for commercial applications, regulators in Europe decided against allowing a patent on the development of human embryonic stem cells.

FDIC, regulators seize Houston-based Franklin Bank, the18th to fail this year

SAN FRANCISCO (MarketWatch) -- Houston, Texas-based Franklin Bank S.S.B. was closed by regulators Friday, the 18th bank failure this year amid the ongoing credit crisis. The Federal Deposit Insurance Corporation said in a statement that Franklin Bank

UPDATE:US Regulators Shut Franklin Bank, SSB, Of Houston

WASHINGTON -(Dow Jones)- Texas regulators on Friday closed Houston-based Franklin Bank, S.S.B, the 18th bank to fail in the U.S. this year.

Bowing to Regulators, Google Drops Ad Deal with Yahoo

Washington - Unable to appease federal regulators and advertisers concerned about its potential dominance of the web search market, Google (NASD:Â GOOG) on Wednesday pulled out of its online ad deal with rival Yahoo (NASD:Â YHOO). The news came as the Department of Justice said on Wednesday morning that the deal, in which Google would have sold advertising for some of Yahoo's web properties, "would likely harm competition in the markets for Internet search advertising and Internet search syndication."

Wash. regulators ask: Can blogging be lobbying?

OLYMPIA, Wash. — Blogger beware? State regulators are wondering whether online political activism amounts to lobbying, which could force Web-based activists to file public reports detailing their finances.

Google and Yahoo reassure regulators

Google and Yahoo have reportedly submitted a list of concessions that would deflate their proposed internet advertising partnership to appease antitrust regulators threatening to block the alliance.

Google and Yahoo assure regulators they'll play nice

Google and Yahoo have reportedly submitted a list of concessions that would deflate their proposed internet advertising partnership to appease antitrust regulators threatening to block the alliance.

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