Banking News

A top European Central Bank official says an agency with powers to restructure and wind down busted banks is "indispensable" to strengthening the continent's banking system against future turmoil.

A top European Central Bank official says an agency with powers to restructure and wind down busted banks is "indispensable" to strengthening the continent's banking system against future turmoil.

Deutsche Bank 's bosses tried to convince skeptical shareholders at a lively annual meeting on Thursday that the bank was on the right track again after facing a host of legal problems.

St Louis Fed President James Bullard, a voting member this year on the Fed's monetary policy panel, said he also expects unemployment to drop over the next two years, while inflation should remain near the Fed's 2 per cent target rate [LONDON] The Federal Reserve should stick with its asset-buying programme and adjust the pace depending on how ... (more)

Saks Inc. rallied for a third day Wednesday on reports that it may be window shopping for a new owner, with most analysts generally upbeat about a potential deal.

Financial Institutions, announced a quarterly dividend on Wednesday, May 22nd, AnalystRatingsNetwork.com reports.

JPMorgan Chase President, Mid-Atlantic market, Wayne Trotman and North Carolina Governor Pat McCrory, speak at the Foundation For The Carolinas, Wednesday, May 22, 2013.

The very people who should care most about JP Morgan's shareholder votes on Tuesday may be people who don't own a single share of the bank's stock.

Undeterred by record-high housing prices and bolstered by low borrowing costs, nearly half of Canadian home owners plan to buy a property in the next five years, although intentions vary sharply from city to city, a poll released Wednesday has found.

British financial services group Nationwide Building Society has reported a rise in full-year profits, backed by enlarged customer base and increased mortgage lending activity.

Julie Dickson was appointed in July 2007 for a seven-year term atop the Office of the Superintendent of Financial Institutions.

Jamie Dimon is wagging his finger from newstands across America this week, above the kind of headline his PR team can only dream of: "DIMON IS FOREVER: Why Jamie Dimon is Wall Street's Indispensable Man". The story itself , by Nick Summers and Max Abelson, consists mainly of rich corporate insider types talking about how wonderful Jamie Dimon is, ... (more)

The Standard & Poor's 500 index edged up one point to 1,668. The Nasdaq composite rose three points to 3,499. "There's no compelling reason for the market to go one way or another today," said Michael Binger, senior portfolio manager at Gradient Investments in Minneapolis, Minn.

The Community Harvest Food Bank of Northeast Indiana has announced ways that our community can help out with the Oklahoma Tornado relief efforts.

PLC said Monday that John Thornton, a director who played a pivotal role in a 2010 power struggle at the bank, will step down this month to spend more time on other business interests.

Jamie Dimon not only survived a much-hyped effort to oust him as chairman of J.P. Morgan Chase & Co.

At the bank's annual meeting, 32 percent of shareholders voted for a measure that would have required the bank to split the roles.

Wells Fargo & Co. , JPMorgan Chase & Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised orders on how the troubled borrowers were to be treated before losing their homes.

A large fire that broke out in the hotel Astir in the western port of Patra on Tuesday was brought under control by a unit of 30 firefighters manning 10 fire engines.

Bank of America Corp. sold the first structured notes tied to GreeceA's largest refiner, Hellenic Petroleum SA, as investors bet on a recovery in the nation at the heart of EuropeA's debt crisis.