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Banking News

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

2 hrs ago | 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

5 hrs ago | Wall Street Journal

Smuggling Sparks Questions about Philippine Current Account

Several years of sound economic management have left the Philippines with what appears to be one of the strongest government balance sheets in Asia: a current account surplus of nearly 5% of gross domestic product and enough foreign reserves to cover more than a year's worth of imports.

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Related Topix: Deutsche Bank AG, Financial Services

Tue Apr 15, 2014

GuruFocus.com

U.S. Bancorp: Don't Forget About This Fair-Valued Bank

If you were to survey the field to name major banks, we're guessing that U.S. Bancorp wouldn't top too many lists.

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Related Topix: US Bancorp, Financial Services, Multistat, Wells Fargo , Bank of America, Warren Buffett, Construction, Berkshire Hathaway, Investment Services

PE Hub

Munder, Victory Capital to combine: Sources

Crestview Partners looks like it will be merging Munder Capital Management with another of its portfolio companies, two sources told peHUB .

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Related Topix: Birmingham, MI, KeyCorp, Financial Services

Business News

UBS accused of selling 'rotten' sausage meat

UBS failed to properly disclose risks it took with Swatch Group's funds and should be held responsible for the losses that followed, the watchmaker argued in a Swiss court.

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Related Topix: Financial Services, Ubs Ag

MarketWatch

David Weidner: Banking dominos set to tumble

Jamie Dimon has a message for his bank's investors who may be concerned about rising costs for those struggling to get by: It's not us, it's them.

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Related Topix: JP Morgan Chase , Foreclosures, Home, Mortgage, Personal Finance, Economics News, Bankruptcy

KMIZ

Stocks: Trying to hold on to gains

But the Dow Jones Industrial Average, S&P 500 and the Nasdaq were all in slightly negative territory by 10:30a.m. ET.

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Related Topix: Financial Markets, Johnson & Johnson, Biotech, Johnson and Johnson, Medicine, Johnson and Johnson Merck Consumer Pharmaceuticals, Healthcare Industry, Financial Services, CitiMortgage, Citigroup

Fortune

Citigroup's bad bank is doing better than its good one

On Monday, Citi announced that its earnings in the first quarter were up 3.5% from a year ago to $3.9 billion.

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Related Topix: Financial Services, Citigroup, Home, Mortgage, Personal Finance

Wall Street Journal

Grand Central: Central Bankers To World: Take Our Currencies, Please

"Both history and theory have the same lesson: It is possible to undo what might now appear to be permanent changes."

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Related Topix: Financial Markets, Financial Services, European Central Bank

Mon Apr 14, 2014

Iol.co.za

Wall Street ends up after Citi results

US stocks closed higher on Monday as Citigroup's earnings and strong retail sales gave investors reasons to buy equities despite a resurgence of geopolitical uncertainties.

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Related Topix: Financial Services, CitiMortgage, Financial Markets, Citigroup, Vladimir Putin

Hales Corners

Federal Reserve Bank Details Recovery from the Great Recession

The Federal Reserve Bank of Atlanta released an annual report detailing the country's great recession recovery.

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Related Topix: Federal Reserve Bank of Atlanta, Financial Services

Seeking Alpha

Bank Of America: Don't Be Fooled By Dead Cat Bounce

I am bullish long-term on Bank of America , yet will wait until after earnings to start a position in the stock.

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Related Topix: Bank of America, Financial Services, Financial Markets

CBC News

OSFI tinkers with mortgage insurance standards

Canada's financial regulator is looking to issue new guidelines governing high-risk mortgages in the country's housing market.

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Related Topix: Home, Mortgage, Personal Finance, Financial Institutions, Financial Services, Business News

Norwalk Citizen News

Stocks move higher after a rough week; Citi gains

In this Friday, April 11, 2014 photo, trader Anthony Carannante, left, works on the floor of the New York Stock Exchange.

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Related Topix: Financial Markets, Financial Services, CitiMortgage, Citigroup

The Hartford Courant

Citigroup profit rises on smaller loss from troubled assets

Citigroup Inc reported a better-than-expected quarterly net profit as a smaller loss on its troubled assets made up for weakness in its core trading and lending businesses, pushing up the bank's shares in premarket trading.

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Related Topix: Financial Services, Citigroup, Home, Mortgage, Personal Finance, Ansonia, CT

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

Our Ref. MG8540 ISIN Code. XS0917073495 INTEREST AMT PE... )--COMMONWEALTH BANK OF AUSTRALIA Issue Of GBP 500,000,000 Floating Rate Notes due July 2014 Series 5433 Tranche 1 MTN ISSUE NAME.

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Related Topix: AB Electrolux, Appliances, Publishing, Media, Modern Times Group MTG AB, Financial Services, InterAmerican Development Bank, Home, Mortgage, Personal Finance

Sun Apr 13, 2014

Ledger-Enquirer.com

Inquirer: Riverbank displays need repair badly

MIKE OWEN/mowen@ledger-enquirer.comThese informational displays along the Chattahoochee River are faded, cracked and in desperate need of repair.

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Related Topix: Financial Services, Synovus Financial

Channelnewsasia.com

Citigroup cuts 200-300 jobs

US bank Citigroup has cut between 200 and 300 additional jobs, most in the global markets business, The Wall Street Journal reported Sunday.

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Related Topix: Financial Services, CitiMortgage, Citigroup

Norwalk Citizen News

The Weekend Is Over And Markets Are Lower

The euro rose against the yen, after European Central Bank president Mario Draghi said further euro appreciation would trigger stimulus.

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Related Topix: Financial Services, European Central Bank, Financial Markets

The New Zealand Herald

NZ dollar jumps against euro

The kiwi increased to 62.70 euro cents at 8am in Wellington from 62.16 cents at 5pm on Friday.

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Related Topix: Financial Services, European Central Bank

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