Banking News

Everyone has read about the customer service horror stories that plague every industry in existence.

For the fourth week in a row, the stock market climbed to fresh record highs last week on signs of improvement in the U.S. economy.

But because of about $28,000 in student loans, which she's paid down to about $17,000, the 2010 Xavier University graduate will continue living paycheck to paycheck.

The Mansfield Community Center is getting a new name. Saturday, it will become the Ann Short Turner Community Center, after a big-time donation.

Edward Bogosian, 82, longtime owner of the Camera Shop of Bryn Mawr, died Saturday, May 11, of bone cancer at his home in Villanova.

No doubt WesBanco Arena Executive Director Dennis Magruder has heard an enormous number of ideas for improving the downtown Wheeling facility.

When I look at Citigroup Inc , I can't help but think of something that Peter Lynch said about Fannie Mae years ago.

The amount of dollar-denominated bonds issued by companies in Asia is growing almost 10 times faster than the global corporate debt market , raising concern that investors are lowering their standards as they seek to take advantage of the region's relatively high yields.

Wells Fargo & Co. , the largest U.S. home lender and the nation's most valuable bank, closed at a record high yesterday as strength in the economy and housing markets spurred buyers.

A man walks past a sign welcoming Facebook to the NASDAQ Marketsite in New York May 18, 2012.

Transocean Ltd. shareholders voted in favor of one of billionaire investor Carl Icahn 's three board nominees, while rejecting his dividend plan in favor of a lower payout supported by the company.

Another bank branch bites the dust. Three and counting among PNC Financial 's branches in Central Pennsylvania.

SAN JOSE, Calif. - The Canadian government has launched an aggressive campaign to lure Silicon Valley tech workers frustrated by U.S. visa policies northward, just as Congress wrestles with a long-sought overhaul of America's immigration system.

The U.S. Federal Reserve Board said it has told Bank of Montreal to step up efforts to detect and prevent money laundering at the Canadian bank's Chicago branch.

Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the U.S. Labor Department reported Thursday, while manufacturing slowed in the mid-Atlantic region.

Two are being closed in Maryland, both in the Annapolis area, the Baltimore Business Journal reported .

MINNEAPOLIS – Two Minnesota women convicted of conspiring to send money to al-Shabab in Somalia were given prison sentences in federal court Thursday, ending a week of punishments tied to long-running investigations into terrorism recruiting and financing for the terrorist group.

JP Morgan Chase named Claire Huang its first-ever CMO last August , poaching the marketing veteran from an executive position with competitor Bank of America.

Vikram Pandit, who resigned from Citi last October, will also become non-executive chairman of JM Financial's banking arm if it succeeds in getting a banking licence, the company said.

America's largest bank is putting a commercial banking office in Bank of America's backyard.