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Banking News

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

1 hr ago | NBC29

Warrenton Newspaper Removes 'Democrat' from Name

In an editorial published Wednesday, the newspaper announced it would become known as the Fauquier Times.

1 comment

Related Topix: Financial Services, Fauquier Bankshares

1 hr ago | Insider Monkey

Wells Fargo & Co (WFC) & Bank of America Corp (BAC): Is Your Bank Better Than Congress?

Here's something bound to make our Founding Fathers roll over in their graves: Americans have more trust in banks than in Congress.

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Related Topix: Bank of America, Financial Services, Wells Fargo , Startups, Mach One, Institutional Venture Partners, US Bancorp, Mortgage, Personal Finance

2 hrs ago | Evening Sun

Benefit payment change hurts poor

A government initiative aimed at saving money by eliminating paper checks is hurting some recipients of federal benefits while earning the bank that operates the program millions in fees charged to consumers.

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Related Topix: Social Security, Personal Finance, US Bancorp, Financial Services

6 hrs ago | The Guardian

A million more people join the ranks of the global super-rich

A million more people joined the ranks of the global super-rich last year, almost a third of them in Asia, as soaring stock markets helped bolster the fortunes of wealthy investors.

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Related Topix: Financial Services, RBC Financial Group

Tue Jun 18, 2013

Yahoo!

Second man charged over Sydney murder

A 39-year-old man was walking home with friends at Macquarie Fields in the early hours on September 2 when they got into a fight with another group of men.

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Related Topix: Financial Services, Macquarie Bank

USA Today

Social gamer King.com eyes possible IPO

The new king of social gaming, King.com, is racing toward a big score in the IPO market.

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Related Topix: JP Morgan Chase , Zynga

The Daily Record

Fifth Third boosts quarterly dividend to 12 cents

Fifth Third Bancorp on Tuesday boosted its common stock cash dividend by 1 cent, or 9 percent, to 12 cents.

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Related Topix: Financial Services, Fifth Third Bancorp

The Hartford Courant

M&T Bank to fix anti-money laundering flaws, Fed says

M&T Bank Corp will put a comprehensive plan in place to fix problems with its anti-money laundering policies that had caused regulators to put a hold on its $3.7 billion bid to buy Hudson City Bancorp.

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Related Topix: Aspect Communications, MT Bank, Financial Services, Software, Hudson City Bancorp, Buffalo, NY, Ansonia, CT

Insider Monkey

Buy HSBC Holdings plc (HSBA) for the Best Banking Yield

Remember the good old days when investors held banking shares for their safe dividend income? The financial crash shattered that.

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Related Topix: HSBC Holdings, Financial Services, Financial Markets, Apple, Startups, Procter and Gamble, Household Products, Beverages, CocaCola

Forbes.com

David Tepper's Biggest-Winning Stocks

Appaloosa hedge fund manager David Tepper is known for outsized returns and good timing on his purchases, earning much of his wealth foreseeing and correctly playing the housing crisis and subsequent financial recovery.

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Related Topix: Financial Services, Citigroup

Bloomberg

Death of Structured Notes Seen as Brazil Bond Tax Ditched

Brazilian Finance Minister Guido Mantega is making obsolete the world's most-popular market for structured notes tied to bonds.

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Related Topix: Financial Markets, Financial Services, Citigroup

EKathimerini

Deutsche Bahn subsidiary involved in Greece bribes-for-contracts scandal

A subsidiary of Deutsche Bahn , the German state-run transport group, is accused of paying up to 315,000 euros in bribes over the past ten years to win contracts in Greece, reports said Tuesday.

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Related Topix: Deutsche Bank AG, Financial Services

This is Wiltshire

Honda staff leave the plant after job losses are announced in January

IT MAY only be June but since the turn of the year more than 3,000 jobs have been lost in Swindon leaving a black hole in the jobs market.

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Related Topix: World News, Oxfordshire County, England, United Kingdom, Wiltshire County, England, Bank of New York, Financial Services

Mon Jun 17, 2013

The Hartford Courant

Insight: Why Citi wants to rack up U.S. taxes

Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes.

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

MSN Money

British prosecutor to charge central Libor suspect: source

June 17 - Britain's top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes, who is alleged to have been a central figure in a scam to rig global benchmark interest rates, a source familiar with the situation said on Monday.

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Related Topix: Financial Services, Citigroup

MarketWatch

Proof that Bernanke news conferences impact the market

With everyone in an uproar over the Fed's perceived communication problem , analysts at Deutsche Bank Securities are out with a note that shows Fed Chairman Ben Bernanke's news conferences do indeed have an impact on the market.

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Related Topix: Deutsche Bank AG, Financial Services

The Washington Post

Wall Street Lending Rises For Private Equity Rentals: Mortgages

Wall Street is ramping up financing to private-equity firms buying homes to rent, helping them accelerate purchases as competition increases and prices jump.

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Related Topix: Home, Mortgage, Personal Finance, Deutsche Bank AG, Financial Services, Housing, Foreclosures, Silver Bay, NY

This is The West Country

Burnham pair's cycle challenge raises more than 1,000 for charity

Natasha Salter, from Stoddens Road, and Clare Kingston, from Lynton Road, travelled from Torquay to Burnham in a tandem bike ride to raise funds for MacMillan Cancer Support.

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Related Topix: Financial Services, Nationwide Building Society

Business Journal

Bank of America gave bonuses for hitting foreclosure quotas, suit alleges

Former homeowners are seeking class-action status in an ongoing suit against Bank of America Corp., which stands accused of using gift cards, cash bonuses and other means to encourage employees to meet foreclosure quotas.

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Related Topix: Bank of America, Financial Services

Sunday Mail

ANZ, Macquarie Bank in rate probe

ANZ Banking Group and Macquarie Bank will have to set aside up to $S300 million each after being caught up in Singapore's rate-rigging scandal.

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Related Topix: Financial Services, Macquarie Bank

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