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Banking News

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

2 hrs ago | The Beaumont Enterprise

Europe recovery shows signs of strengthening

The July 5, 2012 file photo shows a sunflower sitting in front of the Euro sculpture in Frankfurt, Germany.

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Related Topix: World News, Germany, Financial Services, European Central Bank

4 hrs ago | West Australian

Benign inflation good news for borrowers

Lower than expected inflation will allow the Reserve Bank of Australia to keep the cash rate at a record low 2.5 per cent.

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Related Topix: Reserve Bank of Australia, Financial Services

Tue Apr 22, 2014

Business Times

Citigroup's leaders say company needs to simplify itself

Asked at an annual meeting of shareholders whether Citigroup is too big to manage, Chairman Mike O'Neill said the task "is certainly harder" for its size and that the company has more years of work in a drive to reduce risk and complexity that started when the company was bailed out in the financial crisis.

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Related Topix: Financial Services, Citigroup

WLOX-TV Biloxi

Trustmark profits rise as credit quality improves

Regional bank Trustmark Corp. says profit in 2013's fourth quarter rose 17 percent from the same three months of 2013, aided by gains from an earlier merger.

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Related Topix: Trustmark, Financial Services

Connecticut Post

This combination of photos provided by the Federal Bureau of Investigation shows William James Vahey in 2013, left, and 2004.

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Related Topix: US News, US Federal Bureau of Investigation, Luverne, MN, US Bancorp, Financial Services, Nicaragua, World News, Central America

The Washington Post

Former Deutsche Bank Salesman Admits Bribery in Tokyo Court

Former Deutsche Bank AG salesman Shigeru Echigo admitted to bribery charges in Tokyo and said he acted on instructions from his managers, as authorities push brokerages to be more judicious in entertaining clients.

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Related Topix: Deutsche Bank AG, Financial Services, Pension, Business News

The Washington Post

Pfizer and AstraZeneca Ripe for Deal Alone or Together: Real M&A

While the talks between Pfizer, the world's biggest drugmaker, and $87 billion AstraZeneca have fizzled, an analyst at Citigroup Inc. expects Pfizer to approach the company again, or AstraZeneca could opt to merge with another peer such as Amgen Inc. as a defense tactic.

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Related Topix: Pfizer, Biotech, Medicine, Healthcare Industry, Financial Services, Citigroup, Amgen, Shire plc, Cancer, Health

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

All of t... )--Equity LifeStyle Properties, Inc. today announced results for the quarter ended March 31, 2014.

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Related Topix: ChannelAdvisor, Science / Technology, Internet, Bank of Hawaii, Financial Services, Equity Lifestyle Properties, Exactech, Medicine, Medical Equipment, Healthcare Industry, Providence, RI

Business Journal

NewBridge Bank's retail banking realignment will yield job cuts

NewBridge Bank, headquartered in Greensboro, will reduce 5 percent of its work force as it realigns its branch banking model.

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Related Topix: Financial Services, LSB Bancshares

Mon Apr 21, 2014

Business Journal

Loan loss reserve increases derail Northwest 1Q earnings

Northwest Bancshares, among the largest financial institutions serving Pittsburgh, Monday announced first quarter 2014 profits of $14.6 million, or 16 cents per share, down from $15.3 million, or 17 cents per share, a year ago.

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Related Topix: Financial Services, Northwest Bancorp

Tri-cityherald.com

BancorpSouth sees profit continue to rise

BancorpSouth posted quarterly profit Monday of $28.4 million, or 30 cents per share.

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Related Topix: Financial Services, BancorpSouth

MSN Money

Futures flat as investors await earnings onslaught

U.S. stock index futures were very slightly higher on Monday as investors found few reasons to keep buying following a strong rally last week and ahead of a heavy week of corporate earnings releases.

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Related Topix: Financial Services, Stanley, Suntrust Banks

National Public Radio

Report: Sandy's Fallout Affecting Small Business

The Federal Reserve Bank of New York says a third of small businesses in tri-state Superstorm Sandy disaster areas reported financial losses a year later.

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Related Topix: Financial Services, Small Business, Personal Finance, Federal Reserve Bank of New York, Bank of New York

Daily Mail

Saved by her big sister: Little girl who couldn't leave the house...

'It's miraculous': Stowaway, 16, walks away unharmed despite flying more than five hours from California to Hawaii in plane WHEEL WELL after running away from home Easter morning horror as sleeping girl, 16, is crushed to death when 'drunk' neighbor crashes his SUV through her bedroom at 80MPH 'Unforgivable, murderous acts': South Korean President ... (more)

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Related Topix: New York, Financial Services, CitiMortgage, Citigroup

CTV

Canadian shoppers are still travelling to the United States despite...

The fluctuating loonie may actually have little impact on most Canadian businesses, suggests a new survey by the Bank of Montreal .

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Related Topix: Financial Services, Bank of Montreal, Small Business, Personal Finance

West Australian

Bankers win friends again in Europe with lure of easy money

Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance.

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Related Topix: Financial Services, European Central Bank

Sun Apr 20, 2014

The Washington Post

Manulife Favors Asian Dollar Bonds for Currency Advantage

Asian dollar bonds are expected to perform better than local debt for a fourth year as a recovering U.S. economy boosts the greenback against emerging-market currencies, Manulife Asset Management says.

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Related Topix: Financial Markets, HSBC Holdings, Financial Services, Business News

WSOCTV

Roof collapses Sunday at Bank of America branch

The Charlotte Fire Department responded to a roof collapse on Sunday afternoon at a Charlotte Bank of America branch.

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Related Topix: Bank of America, Financial Services

The Hartford Courant

Barclays planning exit of some commodities markets: FT

Barclays is planning to withdraw from parts of the metals, agricultural and energy markets, echoing moves by other major players like JPMorgan Chase and Morgan Stanley away from the commodities business, the Financial Times reported on Sunday.

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Related Topix: JP Morgan Chase , Jefferson Pilot Corporation, Insurance, Stanley, Investment Banking, Morgan Stanley European Fund, Financial Services, Morgan Stanley

Post and Courier

Names are news: How Charleston's First Federal became South State Bank

The South State Bank logo will replace SCBT in June. First Federal's branches will make the switch in July.

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Related Topix: Charleston, SC, Financial Services, First Financial Holdings, Orangeburg, SC

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