Banking News

Scottish Widows Investment Partnership bought shares of U.S. banks and consumer-related companies on signs the world's largest economy will sustain its recovery as Europe struggles to contain a debt crisis.

A currency trader gestures in front of a screen showing the Korea Composite Stock Price Index, center, at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Monday, Feb.

Australia and New Zealand Banking Group, the country's fourth-largest bank, said on Monday it will cut approximately 1,000 jobs in 2012, as the nation's lenders look to slash costs to protect profits amid slower loan growth.

ATHENS, Greece - As hooded youths torched shops and battled police in the streets of Athens on Sunday, lawmakers approved a tough austerity package that is expected to help the country avoid default.

Tom Storrs, who set a small North Carolina bank on the path to becoming one of the largest U.S. financial institutions, died Friday at age 93.

Police in riot gear stand guard outside the parliament in Athens' Syntagma square during a huge anti-austerity demonstration Feb.

Democratic power broker George E. Norcross looks out from a 10th-floor window at Cooper University Hospital in Camden.

Jefferies Group upped their price target on shares of HHGregg to $12.50 in a research note issued on Friday.

Hogan Lovells named Megan Dixon office managing partner for its San Francisco and Silicon Valley offices.

Tupelo's Outstanding Citizen of the Year Grace Clark, center, is escorted to the stage by her husband Dr.

A glut of cash Isa launches has begun in an attempt to tempt savers to make the most of their 5,340 tax-free allowance before the end of the tax year on April 5. Cheshire , First Direct, Manchester Building Society, Marks & Spencer Money and Virgin Money are among those with new Isa offerings.

An autopsy has concluded that an Indiana man whose body was found off the Appalachian Trail in Virginia was suffocated.The body of Scott Lilly of South Bend was found Aug.

An investigation is underway into whether Bank of America Corp. inflated the value of troubled business loans it sold to investors five years ago, according to a report in the Boston Globe .

High-frequency traders may win a partial reprieve from proposed European Union rules designed to prevent a repeat of the so-called flash crash after banks and exchanges including Deutsche Bank AG and NYSE Euronext warned they could damage markets and lead to an exodus of traders.

Lititz-based Susquehanna had foreclosed against the borrower, Shan Holdings, which defaulted on its $3.4 million loan two years ago.

Lakeland Bancorp's chief executive, Thomas Shara, said on Thursday that the company's repayment of Troubled Asset Relief Program money is "a sign of strength and a sign of health" for the commercial bank, which has nearly 50 branches in North Jersey.

The parent company of the New York Stock Exchange, after losing a bruising battle with European regulators over merging with a German exchange, says it will focus on expanding high-tech trading and adding services for its clients.

There were two people without whom the $26 billion mortgage settlement would not have been done.

The regulator chosen by banks and attorneys general to oversee Thursday's $25 billion settlement over widespread mortgage abuses has a reputation for balancing the industry's health with consumer interests.

Royal Bank of Scotland Group Plc , the U.K.'s largest government-owned lender, dismissed at least four employees in connection with a probe of potential interest- rate manipulation, two people briefed on the move said.