Five suspects, all from Eastern Europe, were among 17 accused by the Manhattan district attorney of the online theft of more than 95,000 credit card numbers.

Source:Five More Accused in Credit Card Fraud Investigation (International Herald Tribune)

PETALING JAYA: The investment banking industry may pick up by the year-end judging from the more active capital market, thus resulting in better performances for players, say analysts.

Source:Investment banking sector expected to pick up by year-end (The Star)

SAN FRANCISCO—-The Federal Home Loan Bank of San Francisco announced August 31, 2009, that the 11th District Monthly Weighted Average Cost of Funds Index for July 2009 is 1.473%. The index for June 2009 was 1.599%.

Source:Federal Home Loan Bank of San Francisco Releases July 2009 Cost of Funds Index (Business Wire via Yahoo! Finance)

While their contemporaries in the developed world experienced a free fall in profitability, the local banking sector withstood the global recession, notching up a 22 percent jump in total assets to P45 billion for 2008.

Source:Botswana: Banking Sector Withstands Global Recession (AllAfrica.com)

Cost cuts have helped many stay afloat, but will advertisers return after the recession? You think the economy is sending mixed signals? Just look at the newspaper industry.

Source:For newspapers, outlook is not black and white (Los Angeles Times)