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Banking News

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

3 hrs ago | National Public Radio

Providence, RI Sues Firms Over Stock Trades

The suit says stock exchanges, investment banks and others defrauded investors by manipulating market data in favor of split-second stock-trading firms.

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Related Topix: Providence, RI, Goldman Sachs, Financial Services, Investment Services, Cohen Group, Consulting, CitiMortgage, Citigroup, Computers

6 hrs ago | Customer Interaction Solutions

U.S. Bancorp Asset Management, Inc. Announces Financial Positions for Closed-End Funds

These distributions were declared on February 21, 2014, had an ex-dividend date of March 3, 2014, and were paid on March 19, 2014 to shareholders of record on March 5, 2014.

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Related Topix: US Bancorp, Financial Services, Multistat

10 hrs ago | The State

Tulsa businessman Kaiser joins Thunder ownership

Kaiser is president, CEO and primary owner of GBK Corp., parent of Kaiser-Francis Oil Company, which he has managed for 40 years.

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Related Topix: Financial Services, BOK Financial

14 hrs ago | Wall Street Journal

Grand Central: Bubbles, Bubbles, Toil, and Trouble

The difficulties of revamping bank oversight in the wake of the worst financial crisis in generations were palpable at a conference on financial markets this week sponsored by the Federal Reserve Bank of Atlanta.

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Related Topix: Federal Reserve Bank of Atlanta, Financial Services, Home, Mortgage, Personal Finance

18 hrs ago | WIVB-TV Buffalo

Website lists job openings in WNY, New York State

New York Governor Andrew Cuomo is encouraging job seekers to check out the Jobs Express website , where there are thousands of job openings listed.

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Related Topix: Andrew Cuomo, US Governors, MT Bank, Financial Services, Weird

Thu Apr 17, 2014

Journalgazette.net

Peoples Bancorp reports 32% quarterly earnings gain

Peoples Bancorp today reported second fiscal quarter earnings of $745,652, or 32 cents per diluted common share, a 32 percent hop from the $565,042, or 24 cents a share, posted for the prior year's second fiscal quarter.

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Related Topix: Peoples Bancorp, Financial Services

Canadian Business Magazine

Housing correction would damage Canada's economy, says BMO report

A sudden and sharp correction in the housing market could have a devastating impact on the Canadian economy overall, enough to trigger another recession, says a new Bank of Montreal report.

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Related Topix: Financial Services, Bank of Montreal

Journalgazette.net

Big achievements net Athena award

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

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

Fortune

The real economy is finally doing better than the money economy

Here's a switch: The bankers are all of a sudden doing worse than the butchers, the bakers, and the candlestick makers.

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Related Topix: Financial Services, Bank of America, Tyson Foods, Food, Cheesecake Factory Incorporated The, Restaurant Management, Jarden, Manufacturing, Industrial Machines, Appliances, Financial Markets, Mortgage, Personal Finance

TheCourier.com

Fifth Third Bancorp 1Q Earnings Fall 25 Pct

Fifth Third Bancorp says its first-quarter net income fell 25 percent, mostly on a decline in its investment in its former Vantiv payment-processing subsidiary.

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Related Topix: Financial Services, Fifth Third Bancorp

The Hartford Courant

Citigroup shuns digital webcast for its shareholder meeting

Citigroup Inc , which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis.

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Related Topix: Financial Services, Citigroup, Wells Fargo , Ansonia, CT

The Hartford Courant

Citi received mixed signals from the Fed on 'stress test': WSJ

The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain "stress test" planning problems before rejecting its capital plan last month, the Wall Street Journal reported, citing people close to the company.

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Related Topix: Financial Services, Citigroup, Ansonia, CT

Wed Apr 16, 2014

The Miami Herald

Hancock profit rebounds as efficiency targets met

Regional bank Hancock Holding Co. said Wednesday that it has met efficiency targets nearly a year early, as quarterly profits bounced back thanks to lower expenses.

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Related Topix: Financial Services, Hancock Holding

Reuters

Bank of America's financial crisis costs become a recurring nightmare

The bank on Wednesday posted $6 billion of litigation costs for its first quarter, far exceeding the $3.7 billion of settlement costs that investors had previously known about.

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

MarketWatch

Movers & Shakers: Yahoo rallies on revenue growth; Bank of America in red

Yahoo Inc. jumped Wednesday after the Internet giant reported revenue growth for the first time in more than a year, while Bank of America Corp. shares slipped after the bank said it swung to a loss last quarter.

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Related Topix: Startups, Yahoo!, Financial Services, Bank of America

Business Journal

PNC 'in pretty good shape,' CEO Demchak says; bank considers special dividend

PNC Financial Services Group Inc. marked its fourth consecutive quarter of profits of at least $1 billion, but President and CEO William Demchak and CFO Robert Reilly were again cautious during a conference call with analysts Wednesday.

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Related Topix: Pinnacle Technologies, Startups, Financial Services, Pnc Financial Services GroupThe

Albany Times Union

Bank Of America Beats Earnings Estimates But Reports A Loss Of $276 Million

Bank of America beat Wall Street Q1 2014 earnings estimates with earnings per share of $0.35 and revenue of $22.8 billion.

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

USA Today

Bank of America shares dip on Q1 loss

Your Take contributions have not been reviewed for accuracy by USA TODAY. Contributors agree to our Terms of Service and are responsible for the content of their videos and photos.

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

The Hartford Courant

Fed should try to align projections with policy statement: Lockhart

The U.S. Federal Reserve should try to make its communications on the expected path of interest rates more consistent with its policy statements, a top official at the central bank said on Wednesday.

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Related Topix: Federal Reserve Bank of Atlanta, Financial Services, Ansonia, CT

Reuters

Bank of America posts loss as litigation charges weigh

Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

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

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