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Higher revenues from other businesses helped to pick up someof the slack from mortgage banking. Trust and investment feesrose to $3.28 billion from $2.95 billion a year earlier.Investment banking fees jumped 33 percent from the same period ayear earlier.
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After receiving around 27 billion pounds worth of orders for the 1.7 billion worth of shares on offer, the government allocated 33 percent of the offering to members of the public, with the rest going to institutions such as pension funds.
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"There is still a long way to go before the EuropeanCommission recognises nuclear alongside renewables as one of theessential energy solutions to climate change," said a spokesmanfor the World Nuclear Association, a global network representingthe nuclear industry.
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Southwest and Members United were corporate credit unions, which functioned as wholesale credit unions providing such services to retail credit unions as check clearing, electronic payments and investments. In all, five corporate credit unions failed due to the meltdown in the market for mortgage securities after the housing bust.
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