11. Banking stocks also declined amid concern their regional operations could be hurt by the prolonged decline in Southeast Asian currencies. 12. Banking stocks also have been hit by concern their loans to the property buyers or developers may turn bad once the property glut hits. 13. Banking stocks climbed more than one percent as a group, amid optimism that the government would act to support ailing lenders. 14. Banking stocks rose after Banca San Paolo di Brescia said it is examining cooperation with another Brescia-based bank, Banca Popolare di Brescia. 15. Banking stocks rose as increased buying power promises to boost revenue from credit-card and housing loans. 16. Bank stocks, though, dropped. 17. Banking company stocks were generally higher, following the announcement that Midlantic Bank agreed to be acquired by PNC Bank. 18. Banking stocks also surged on optimism they will be targeted for takeover after the government announced incentives to mergers and acquisitions of finance companies. 19. Banking stocks performed well as lower interest rates tend to spark demand for loans. 20. Banking stocks rose on the view interest rates may be cut further, which could increase lending by the banks. |