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Banking News

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

1 hr ago | Reuters

Goldman Sachs, U.S. agency in mortgage settlement worth $1.2 billion

Goldman Sachs Group Inc has agreed to a settlement worth $1.2 billion to resolve a U.S. regulator's claims the bank sold Fannie Mae and Freddie Mac faulty mortgage bonds, the regulator announced Friday.

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Related Topix: Goldman Sachs, Financial Services, Investment Services, Home, Mortgage, Personal Finance, Cohen Group, Consulting, Financial Markets, Bank of America

6 hrs ago | Channelnewsasia.com

Draghi 'confident' ECB measures will boost economy

European Central Bank chief Mario Draghi said on Friday he is "confident" the ECB's recent policy measures will help get the Eurozone economy back on its feet.

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Related Topix: Financial Services, European Central Bank

Fri Aug 22, 2014

CBS Local

Allen Police Searching For Armed Bank Robbery Suspect

Police say someone walked into the Bank of the Ozarks on West Bethany drive in Allen just before 2:00pm Friday and robbed it.

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Related Topix: Bank of the Ozarks, Financial Services, Allen, TX

Reuters

HSBC is sued in U.S. for $250 million over alleged role in 'death bonds'

HSBC Holdings Plc was sued for $250 million on Friday for allegedly ignoring red flags that a colorful British entrepreneur, the late David Elias, was committing fraud through an investment vehicle he controlled.

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Related Topix: Financial Markets, Financial Services, HSBC Holdings

Business Journal

Former Wells Fargo CEO Dick Kovacevich tells CNBC: Bank of America settlement 'politics'

Dick Kovacevich , Wells Fargo's outspoken former chairman and CEO, told CNBC on Thursday that Bank of America's nearly $17 billion settlement with the Justice Department is simply a case of the government extorting money from banks.

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Related Topix: Bank of America, Financial Services, Wells Fargo , JP Morgan Chase

Canada.com

TSX slips amid solid RBC earnings

The Toronto stock market was slightly lower Friday morning amid a deterioration in the Russian/Ukraine crisis while traders looked to a key speech from U.S. Federal Reserve chairwoman Janet Yellen later in the morning.

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Related Topix: RBC Financial Group, Financial Services, Canada, Financial Markets

Brandon Sun

Royal Bank Q3 profit rises to $2.38 billion, most units post record results

Canada's largest bank is hiking its dividend for common shares by six per cent after reporting a record third-quarter profit that beat analyst estimates.

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Related Topix: Financial Services, RBC Financial Group

Sunday Herald

Uncertainty over currency in iScotland could lead to 'capital flight', says HSBC chairman

Uncertainty over currency in an independent Scotland could lead to "capital flight" from the country, according to the chairman of HSBC.

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Related Topix: HSBC Holding

The Washington Post

BofA Seeks to Prove Buffett Right After Countrywide Legal Morass

Billionaire Warren Buffett has predicted Bank of America Corp. will become a profit powerhouse once it finally resolves legal battles that have sapped funds and distracted managers.

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Related Topix: Bank of America, Financial Services, Warren Buffett, Home, Mortgage, Personal Finance, Wells Fargo , Business News

Thu Aug 21, 2014

Silicon Alley Insider

Citigroup Facing Restrictions On Sales Of Hedge Fund Investments: WSJ

Citigroup Inc has been sending hedge fund firms letters informing them that it cannot sell investments in hedge funds and private-equity funds to clients after a deal with the Securities and Exchange Commission, the Wall Street Journal reported.

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

Journal Gazette

20 percent of Northeast Indiana workers could retire soon

Twenty percent of the adult workforce in northeast Indiana is at or nearing retirement age, according to the August Labor Market Information Report released by Northeast Indiana Works.

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Related Topix: Northeast Indiana Bancorp, Financial Services

WLUK-TV Green Bay

Bank of America settlement likely to benefit few

Bank of America's record $16.65 billion settlement for its role in selling shoddy mortgage bonds - $7 billion of it geared for consumer relief - offers a glint of hope for desperate homeowners.

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Related Topix: Bank of America, Financial Services, Home, Mortgage, Personal Finance, Financial Markets, Foreclosures, New York

Sydney Morning Herald

'Seriously cruel': top surgeon bashed girlfriend's dog

Sydney surgeon Nicolas Oddone leaves Downing Centre District Court after his sentencing hearing for bashing his former girlfriend's dog.

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Related Topix: Financial Services, Macquarie Bank

Business Journal

Wells Fargo creates startup accelerator to get front-row seat on financial innovation

Wells Fargo said Wednesday that it established the Wells Fargo Startup Accelerator designed for startups pursuing innovation in financial services.

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Related Topix: Financial Services, Wells Fargo

Inside Bay Area

Biz Break: Pandora overwhelmingly white, close to gender equality

Today: Pandora Media releases workforce diversity data that shows Oakland's largest tech company to be more than 70 percent white and nearly equal along gender lines.

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Related Topix: Pandora, Startups, Pandora Media, Financial Services, Silicon Valley Bancshares, Oakland, CA

Reuters

RBS settles copyright lawsuit after U.S. judge blocks software's use

Terms of the settlement with Complex Systems Inc were not disclosed. But RBS in a statement said the deal would allow it to use the company's BankTrade software and continue processing trade finance transactions across all of its legal entities.

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Related Topix: Bank of America, Financial Services, Second Circuit Court of Appeals, US News

Wed Aug 20, 2014

Yahoo!

JPMorgan, BofA to raise junior banker pay by 20 percent: sources

JPMorgan Chase & Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said.

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Related Topix: JP Morgan Chase , Bank of America, Financial Services, Goldman Sachs, Investment Services

KRMG-AM Tulsa

Argentina defends plan to pay creditors outside US

Argentine Economy Minister Axel Kicillof speaks during a news conference in Buenos Aires, Argentina, Wednesday, Aug. 20, 2014.

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Related Topix: Argentina, World News, Bank of New York, Financial Services

Park Record

Argentina defends plan to pay creditors outside US

Argentine Economy Minister Axel Kicillof speaks during a news conference in Buenos Aires, Argentina, Wednesday, Aug. 20, 2014.

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Related Topix: Argentina, World News, Bank of New York, Financial Services, Park City, UT

Brandon Sun

RBC forecasts Canadian housing market will cool in 2015 if interest rates rise

RBC Economics says higher interest rates will put a strain on the Canadian housing market in 2015 and "substantially" moderate prices increases.

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Related Topix: Financial Services, RBC Financial Group, Housing

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