OFW inflows, resilient banking sector shielding RP from fallout (Philstar.com via Yahoo! Philippines News) The Philippines has not been spared from the effects of the global economic turmoil that has spread to European and Asian markets but a resilient banking system, remittances from an estimated 11 million overseas Filipinos, and an improved liquidity position will give it enough strength to withstand the crisis, a top central bank official said.

Morgan Stanley's Banking Chief Crossing the Line (Financial Planning.com) Cecelia "Cece" Sutton is at a crossroads between commercial and investment banking.

Nigeria: Banking Sector Drives NSE Turnover By 72 Percent (AllAfrica.com) Equity trading on the Nigerian Stock Exchange was driven on Monday by activity in the Banking sub-sector, accounting for 72.36 per cent of the market turnover.

Union Bank starts mobile banking service (Business Standard India) Union Bank of India, a public sector lender, today launched its mobile banking service, 'Umobile' enabling its customers perform basic banking activities including account-to-account fund transfer through mobile phones.

Postilion signs Bank of Blue Valley to e-banking system; reports Latin American contracts (Finextra) Postilion, a leading global provider of integrated solutions for self-service banking and payments and a division of S1 Corporation (Nasdaq: SONE), ...

JP Morgan cuts banking sector's earnings outlook (Reuters via Yahoo! UK & Ireland News) (Reuters) - J.P. Morgan Securities slashed its earnings estimates on the banking sector and cut its share-price targets on several banks.

UAE's banking and finance industry reigns supreme, latest Bayt.com and YouGovSiraj figures reveal (AME Info) The majority of professionals in the UAE - 30% - cite banking and finance as the preferred sector to work in, despite the problems the sector is currently facing in the region as the ripples from the global banking crisis are felt in the Middle East, according to recent research conducted by the Middle East's number one job site - Bayt.com in conjunction with research specialists YouGovSiraj.

Carney lays out blueprint for global banking fix (The Globe and Mail) Canada's economic prospects have deteriorated in the past month, but the country's banking system is still thriving and serves as an example of how the rest of the world can move beyond the global financial crisis, Bank of Canada Governor Mark Carney said.

Westpac Banking Corporation Releases Its 2008 Annual Review and 2008 Annual Report (Business Wire via Yahoo! Finance) SYDNEY----Westpac Banking Corporation has filed its Annual Financial Report on Form 20-F with the US Securities and Exchange Commission for the financial year ended 30 September 2008.

As Investment Banking Keeps Changing, SEC Regulators Keep Moving (Washington Post) The usual bureaucratic response to adversity is to rearrange the deck chairs as the ship goes down. But the Securities and Exchange Commission, whose task had been to regulate the now-defunct -- okay, transformed -- investment banking industry has come up with a creative variant.