Finance Chronicle

NEW YORK — Shares of some top finance companies are down at 10 a.m.: Bank of America fell $.28 or 1.6 percent, to $17.70.

The latest rumors and reports of layoffs are at Bank of America, Citizens Bank and Butterfield Bank.

JERUSALEM, Aug 31 – Israel’s finance minister on Monday ruled out government intervention to help financially distressed real estate developer Africa Israel Investments meet payments to bondholders.

Opposition finance critic Bruce Fitch is sounding alarm bells about New Brunswick’s finances after it received a credit rating downgrade from Moody’s Investor Services.

Menteri Keuangan Republik Indonesia telah mencabut izin usaha perusahaan pembiayaan PT Eastern Finance yang berlaku sejak 31 Juli 2009.

The most popular college major shows no signs of letting up despite recessionary pressures that make it increasingly difficult for students graduating with degrees in finance to land jobs.

BEIJING/SHANGHAI, Aug 31 – Chinese newspapers available in Beijing and Shanghai carried the following stories on Monday. Reuters has not checked the stories and does not vouch for their accuracy

HONG KONG, Aug 31 – Hong Kong shares will open 1.4 percent lower on Monday, heading for its first monthly loss in six months, as Shanghai-listed stocks dived in early trade amid worries about a surge of new shares.

Strategic Finance Ltd has upped its estimate of bad loans and reported a $174.7 million loss which will affect plans to repay investors who agreed to a five year moratorium.

Strategic Finance Ltd has upped its estimate of bad loans and reported a $174.7 million loss which will affect plans to repay investors who agreed to a five year moratorium.