LNB Bancorp to pay dividend and可能 stock split vote
Lorain National Bank parent LNB Bancorp Inc. will pay a 15 cent per share quarterly dividend to over 1,600 shareholders on April 1, record holders March 18, and seeks approval for a five for four stock split at its April 48 annual meeting, which would raise outstanding shares by 25 percent from 4 million to 5 million. In related items, U.S. SBA names Peter Barca region head for fifth region, covering Ohio and six states, while Treasury notes yield declines in three and six month bills. US Savings Bonds to offer floating rate starting May 1, with minimum 4 percent after five years.
MENTIONED IN THIS ARTICLE
Lorain
LNB Bancorp Inc
Lorain National Bank
LNB Rancor
Creston Auction Results Reflect Mixed Livestock Prices
Consignors offered 837 head of livestock. Cattle included choice steers 66 to 70, Holsteins 55 to 66, feeders and heifers varying, with commercial and canner grades. Hogs ranged 36 to 39, sheep traded around 24 to 58, goats at 15 to 82.50, calves broadly priced from 40 to 100, with hay and straw listed by cutting and bale.
MENTIONED IN THIS ARTICLE
Creston
Banking law change urged by Rubin to loosen limits
Treasury Secretary Rubin urged breaking down barriers in the Bank Holding Company Act and repealing the Glass-Steagall Act to allow banks to underwrite corporate bonds sell insurance and provide investment services. The proposal drew support and warns from opponents about risks to financial health and conflicts with current law, amid House and Senate bills advancing in Congress.
MENTIONED IN THIS ARTICLE
Washington
Treasury
Robert E. Rubin
New York
Rubin
Wall Street
Aude
Financia
Barings
Barings fears less deliberate cabotage iob Wehha'
Barings chairman Peter Baring suggested in a Financial Times interview that rogue trader Nick Leeson may have been deliberately sabotaged by a criminal element, a theory linked to the bank's collapse after $7 billion in risky derivatives tied to Japan's stock market. Other traders warn that young financiers fuel dramatic market risk, while Kidder Peabody’s fallout and GE's sale of the unit underscore a fragile era for big financial houses.
MENTIONED IN THIS ARTICLE
Nick Leeson
Barings
Leeson
Japan
Peter Baring
Financial Times
U.S
Cleveland
Muriel Siebert
Muriel Siebert & Co
New York
Barings Collapse Signals Broader Derivatives Risk
The piece outlines Barings Bank failure amid rising derivatives activity. It cites Schumer and Siebert urging tighter regulation, warns of unknowns in electronic trading, notes past losses at P&G and Metallgesellschaft, and highlights calls by Fed NY President McDonough and SEC chair Levitt for oversight guidelines.
MENTIONED IN THIS ARTICLE
Schumer
Barings Collapse Triggers Flight to Deutsche Mark
Analysts see Barings PLC collapse prompting capital flight to the deutsche mark and disruption of Asia flows. Ernst & Young says unauthorized futures losses exceed 900 million dollars. Sentiment cautions banks to guard books. yen may benefit as funds repatriate before Japan's fiscal year end.
MENTIONED IN THIS ARTICLE
New York
Barings PLC
Deutsche Mark
Asia
Ernst & Young
Barings
Win Thin
I.D.E.A, Inc
Tokyo
Lynch
Deere UAW reach tentative contract for 10300 workers
United Auto Workers and Deere & Co push toward ratification after returning to bargaining and agreeing on a tentative contract covering 10300 UAW members at Deere sites across six states. Key issues included a two tier wage plan and a scaled back incentive program.
MENTIONED IN THIS ARTICLE
United Auto Workers and
Deere & Co
UAW
Deere
Ing
Market quotes close with mixed metals and grain prices
New York report lists closing quotes for gold at 37660 per ounce, silver 4489, platinum 41120, palladium 15475, and nonferrous metals including aluminum 823 cents and copper 3270 cents per pound. Grain prices show wheat 53.04, shelled corn 22, soybeans 528 per bushel, with soybeans 528 and corn 22 cited.
MENTIONED IN THIS ARTICLE
New York
East
Lorain County Farm Bureau
Also Mentioned on This Page
LBN Bancorp
USBA
Small Business Administration
Wisconsin
Ohio
Peter Barca
Treasury Department
Kenneth Guenther
Independent Bankers Association of America
Testunong
House Banking Committee
Clinton
Congress
Jim Leach
Iowa
Rep
Richard H. Baker
R-La
House Banking Subcommittee
Capital Markets
Senate Banking Committee
Almyce M. D'Amato
N.Y
Ke Robert E. Rubin
Tt Seasons
Joseph Jett
Kidder Peabody
General Electric Co
Kidder
PaineWebber Group Inc
Charles Schumer
D-Nly
Nicholas Leeson
Barings Straits
Baring Brothers & Co
Proctor & Gamble
Orange County
Calif
SEC
Arthur Levitt
Singapore
Hatel
Suategy
Bank of England
Toru
Money
D-mark
Bob Lynch
MMS International
Ronald E. Yates
Chicago
Tabune
Presi
Michael Plunkett
Bill Casstevens
Caterpillar Inc
Ele
Exxon
Pete R Smith Co
FedNiy
Ogden
AmStris
ParagTryesa
Anheus
Wil
Gannett
Centeriar
BangOna
GenEls
PogaPd Abe
BankAr
Chrysler
Baniks
Gensco
Pector
Seit Ma CoBancorp Inc
Pier Vy Rowan
Columbia Gas
BestBuy
CPC
Baer
Ealon Corp
Cass
Seagate
Heinz
Emerson
Sensarat
Ganonen
Ya First Bancorp
Tle SaSiBos
General Motors
Chase
Foe
Ailey downJn
Hs Kmart
Gay
Letmar
Hanson
Cocach
Lima
Ccfemsa
Texaco
Hive
Maylag
USA
Bv & Conran
Sea Va
Carestf Tae
Vodinas
Ohio Edison Ekariak
TM Bn
P.N.C. Corp
Parker Hannifin
Reliance Elect
NMA
Royal Appliance We Shenwn Willams
Smuckers/SUMA
Sunrise Medical
Texas Utilities
T.rw
Sue
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