Banking News

A challenge for the Reserve Bank of Australia is keeping up with the growth of new forms of electronic payments.

"You've got to have a strategy and you've got to constantly make sure it's the right strategy," said Barry Switzer, the president and chief executive officer of Ashton Potter, a high-security printer.

Today's New York Times has a lengthy story, detailing the trader who helped bag JP Morgan's "London Whale." If you don't know, JP Morgan recently announced that it had lost around $2 billion on some bad credit trades .

Sign of the times: Northern Rock offloaded the loans to investment bank JP Morgan Chase in 2008, but managed the 24,000 mortgages until March 2011 Thousands of equity release borrowers with Northern Rock have found themselves cut off from further credit after their mortgages were sold on.

It is the hardest substance known to man, and because it takes more than a billion years for nature to conjure up each one, a diamond is also one of the hardest gems to come by.

FORT WAYNE, Ind. - With temperatures in Northeast Indiana hitting a streak of 90 degrees, the City of Fort Wayne has issued a plea for people not to use fire hydrants as a means to cool off.

The case is the second in two months to involve Nomura, increasing the chances that Japan's largest broker will face sanctions as part of an industry-wide probe into suspicious trading around a series of share offerings in 2009 and 2010 that have tainted the reputation of the country's financial markets.

Publicly traded regional banks participating in the recent Gulf South Bank Conference told investment analysts in New Orleans that they're focused on growth, dealing with regulatory changes, finding new revenue sources and building technology platforms.

"We need to make sure we reflect in our collecting the changes we see in the community," said Bill Martin, head of the Valentine Richmond History Center.

Honolulu police responded to calls of a double shooting at 7:45 tonight outside the Bank of Hawaii branch on Farrington Highway in Waipahu.

A top European Central Bank official says the 17 countries that use the euro need an "urgent overhaul" of their banking and financial system to deal with the debt crisis, including a multinational authority with the power to restructure and bail out banks.

Neo Material Technologies Inc. . Rare earths. Down 34 cents, or 3.24 per cent, at $10.15 on 14,349,196 shares.

JPMorgan Chase & Co won preliminary court approval of its agreement to pay $110 million to settle nationwide litigation accusing it of charging excessive overdraft fees.

David Simon of Simon Property received a pay package worth more than $137 million for last year, and the typical CEO took home $9.6 million, according to an analysis by The Associated Press.

In this Thursday, July 7, 2011 file photo, Les Moonves, president and CEO of CBS Corporation, greets a member of the media at the Sun Valley Inn for the 2011 Allen and Co.

Bank of America Corp. and Barclays Bank PLC are selling their stake in the apartment building owner Archstone to Lehman Brothers Holdings Inc.'s bankruptcy estate for $1.58 billion.

The head of Germany's central bank says there is no quick fix for Europe's problems, calling appeals for more support from the European Central Bank and plans for investment in infrastructure a distraction from the hard work of reform.

Commonwealth Bank of Australia has cut interest rates on some fixed rate home loans by up to 0.4 percentage points.

The Toronto stock market was higher for a third day Thursday as investors continued to buy up stocks beaten down in a sharp sell-off over the past three weeks.

The Royal Bank of Canada offices in Toronto are seen on Thursday March 1, 2011. THE CANADIAN PRESS/Chris Young.