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Banking News

Banking news continually updated from thousands of sources around the net.

2 hrs ago | Sunherald.com

Circuit Court judge will be new federal magistrate in Mississippi's Southern District

A Circuit Court judge in the district that includes Harrison, Hancock and Stone counties has resigned to move up to the federal bench.

Comment?

Related Topix: Mississippi Government, Mississippi, Hancock Holding, Financial Services, Gulfport, MS

6 hrs ago | Business Journal

City National Bank hires bankers in San Francisco, Silicon Valley

Michael Walker, City National Bank's San Francisco Bay Area regional executive, says the bank is hiring as it builds for the long-term.

Comment?

Related Topix: Financial Services, City National, Santa Clara County, CA, Palo Alto, CA, Wells Fargo

10 hrs ago | Hispanic Business

Citi Says SEC Has Closed Mortgage Probe

Citigroup Inc. says it's been told by the Securities and Exchange Commission that the agency has completed its investigation of the bank's conduct regarding mortgage bonds and won't bring further enforcement action.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Mortgage, Personal Finance, Financial Services, Citigroup, Financial Markets

15 hrs ago | Bellingham Herald

Citi says SEC has closed probe of mortgage bonds

The SEC has filed a series of cases against Citigroup and other big Wall Street banks in recent years over their sales of securities backed by risky mortgages ahead of the 2008 financial crisis.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Home, Mortgage, Personal Finance, Financial Services, Financial Markets, Citigroup

17 hrs ago | The Washington Post

Argentina Unopposed to Bank Deal With Holdouts as Bonds Sink

Argentina said it doesn't oppose a deal sought by JPMorgan Chase & Co. and other banks that would allow the country to resume debt payments, as its dollar bonds sank for a second day.

Comment?

Related Topix: Financial Markets, JP Morgan Chase , Financial Services, Moodys, Business News

21 hrs ago | Business Journal

Huntington Bancshares cutting nearly 200 jobs to save $30M annually

Huntington Bancshares Inc. will eliminate nearly 200 jobs to save $30 million to $35 million annually, the company said through a spokeswoman Thursday and in a filing with the Securities and Exchange Commission .

Comment?

Related Topix: Financial Services, Huntington Bancshares, Corporate / Securities Law, Law

Thu Jul 31, 2014

West Australian

SEC launched extensive probe to identify sources in Reuters stories

A U.S. Securities and Exchange Commission watchdog conducted an extensive, months-long investigation to find out who had leaked information that appeared in two Reuters stories published last autumn, but it was unable to identify the sources, according to a report of the probe seen by Reuters on Thursday.

Comment?

Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Reuters, US Securities and Exchange Commission, Financial Services, JP Morgan Chase

KION 46

Dow plunges 317 points, now down for year

The best thing we can say about Thursday's stock market trading is that it is now over.

Comment?

Related Topix: Federal Reserve Bank of Chicago, Financial Services, Financial Markets

Journal Gazette

Young Leaders' riverfront poll wants nightlife

If you are interested in this story, you might be interested in others from The Journal Gazette.

Comment?

Related Topix: Fort Wayne, IN, Northeast Indiana Bancorp, Financial Services

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

This report provides an overview of the company's servicing operations and a discussion of the areas evaluated ... )--Brookline Bancorp, Inc. today announced net income of $10.0 million, or $0.14 per basic and diluted share, for the second quarter of 2014, co... )--Belmond Ltd. , owners, part-owners or managers of 45 luxury hotel, restau...

Comment?

Related Topix: Brookline Bancorp, Financial Services, Travel/Tourism, Hotels, OrientExpress Hotels, Financial Markets

Brandon Sun

Strong U.S. recovery best medicine for ailing Canadian economy, analysts

A strong economic performance by the United States for the year's second quarter is fuelling hopes Canada's economy may too be poised to shift into a higher gear.

Comment?

Related Topix: Financial Services, Bank of Montreal

Yahoo!

Australia can't afford PM's PPL: NAB boss

The outgoing boss of National Australia Bank has lashed Prime Minister Tony Abbott's planned paid parental leave scheme, saying the country cannot afford it.

Comment?

Related Topix: Financial Services, National Australia Bank

Wed Jul 30, 2014

Brandon Sun

Intact's Q2 profit more than doubles to $215 million as impact of floods recedes

Intact Financial Corp. saw a healthy increase in its second-quarter profits compared with the same quarter last year, when the insurance company was affected by extensive flooding in Alberta.

Comment?

Related Topix: Financial Services, Irwin Financial

Centre Daily Times

U.S. economy grows at scorching 4 percent in 2nd quarter

Offsetting a dismal start to the year, the economy grew at a sizzling rate in the second quarter, powered by what the Bureau of Economic Analysis said were improvements in personal consumption, exports and businesses replenishing their inventories.

Comment?

Related Topix: Pnc Financial Services GroupThe, Financial Services

Sunherald.com

Ratings agency: Argentina in 'selective default'

In this Friday, July 25, 2014 photo, pedestrians walk past a branch of the Industrial and Commercial Bank of China, a target for anti-capitalist agitation ever since a 1927 anarchist bombing of what was then a Bank of Boston, in Buenos Aires, Argentina.

Comment?

Related Topix: Independence Community Bank, Financial Services, Argentina, World News, Financial Markets

Reuters

Bank of America ordered to pay $1.27 bln for Countrywide fraud

U.S. District Judge Jed Rakoff in Manhattan ruled nine months after jurors found Bank of America and former Countrywide executive Rebecca Mairone liable for defrauding government-controlled mortgage companies Fannie Mae , and used her maiden name of Rebecca Steele.

Comment?

Related Topix: Bank of America, Financial Services, Home, Mortgage, Personal Finance, North Carolina

NewsOK.com

Dominion 2Q profit falls 21 percent

Dominion Resources Inc. on Wednesday reported profit that declined by 21 percent in its second quarter, and beat analysts' expectations.

Comment?

Related Topix: Dominion Corp, Financial Services, Dime Community Bancshares, Richmond, VA

West Australian

U.S. economy seen regaining muscle in second quarter

U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.

Comment?

Related Topix: Science / Technology, CPU, Reuters, Financial Services, Pnc Financial Services GroupThe

NEWS.com.au

Mining slowdown hits WA commercial market

THE wind down of the mining investment boom is hurting Western Australia's commercial property market, with growing vacancies in office space.

Comment?

Related Topix: Financial Services, National Australia Bank

Tue Jul 29, 2014

Bellingham Herald

Metropolitan Museum president announces retirement

Emily Rafferty said Tuesday she will retire at the end of March 2015. She has been president of the museum since January 2005.

Comment?

Related Topix: Associated Press, Financial Services, Federal Reserve Bank of New York, Bank of New York

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