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Banking News

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

2 hrs ago | Cybercast News Service

Deutsche Bank posts 29 percent net profit drop

Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.

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Related Topix: Deutsche Bank AG, Financial Services

Mon Jul 28, 2014

Brandon Sun

Swiss bank UBS reports 2Q net profit jump, settlement of German case

Swiss banking giant UBS AG has reported a 15 per cent jump in second-quarter net profit from a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises despite a tough market environment.

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Related Topix: Financial Services, Ubs Ag, UBS Investment Bank, Investment Banking, UBS Financial Services, Investment Services

Business Journal

Exclusive: Fifth Third Center in downtown Tampa sold

The sale of the 19-story 281,187-square-foot office building at 201 E. Kennedy Blvd. closed Monday, CBRE Group Inc. confirmed to the Tampa Bay Business Journal .

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Related Topix: Tampa, FL, Hillsborough County, FL, Financial Services, Fifth Third Bancorp

Business Journal

After decade of change, where does Birmingham rank as a banking hub?

The growth of Birmingham banks, specifically Regions Bank , has helped the area maintain its status as a banking hub despite a decade of significant change for its bank scene.

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Related Topix: Birmingham, AL, Financial Services, Banco Bilbao Vizcaya Argentaria SA

EKathimerini

Greece wants ECB stress tests to factor in banks' restructuring plans, source says

Greece wants the European Central Bank's health checks on its four biggest banks later this year to take account of their new restructuring plans rather than being based on last year's balance sheet data alone, a Greek finance ministry official said on Monday.

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Related Topix: Financial Services, European Central Bank

Myrtle Beach Online

MidSouth Bancorp reports earnings increase

The Advocate reports that Lafayette-based MidSouth's president and CEO said strong loan growth and improvements in efficiency and operating earnings helped drive second-quarter results.

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Related Topix: MidSouth Bancorp, Financial Services, Myrtle Beach, SC, Business News

Business News

Citigroup unit charged with failing to protect confidential data

The Securities and Exchange Commission has charged a Citigroup business unit operating an alternative trading system with failing to protect the confidential trading data of its subscribers.

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Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Financial Services, CitiMortgage, Citigroup

Business Journal

CEO says First Niagara seeing returns on tech investment

The ambitious technology infrastructure overhaul announced by First Niagara Financial Group Inc. in January is already improving some of the company's operations.

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Related Topix: Financial Services, First Niagara Financial Group

Brandon Sun

Majority say health will be biggest retirement expense: BMO poll

The Bank of Montreal report, titled "Living to 100: The Four Keys to Longevity," found that 74 per cent of those recently polled foresee medical costs as their biggest expense in their senior years.

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Related Topix: Bank of Montreal, Financial Services, Long Term Care, Health, North America, Canada, World News

EKathimerini

Tree collapses in village square, killing nine-year-old boy

A nine-year-old boy has been killed in a village in central Greece after a plane tree collapsed on top of him.

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Related Topix: Greece, World News, Financial Services, European Central Bank

Sun Jul 27, 2014

Reuters

JP Morgan questioned on private bank impropriety: WSJ

As a result of the questioning regarding potential conflicts of interest, the New York-based bank has sharpened its disclosures to clients, the newspaper said, citing sources.

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Related Topix: JP Morgan Chase , Reuters

The Age

NAB hives off $1.13b bad loans in UK

National Australia Bank has agreed to sell a 625 million parcel of distressed loans from its UK commercial real estate portfolio to an affiliate of New York-based buyout group Cerberus Global Investors.

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Related Topix: National Australia Bank, Financial Services, Stanley

The New Zealand Herald

NZ dollar little changed ahead of US Fed meeting

The kiwi traded at 85.63 US cents at 8am from 85.51 cents on Friday in New York and 85.73 cents at 5pm in Wellington.

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Related Topix: Financial Markets, Financial Services, Bank of New York

Express India

More Dabhol debt may be converted into equity

With power generation at the Ratnagiri Gas and Power grinding to a halt in the absence of natural gas, lenders to the project may consider a further conversion of debt into equity to help the company tide over the crisis, Arundhati Bhattacharya, chairperson of State Bank of India, told FE, adding that the portion of debt, that got converted into ... (more)

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Related Topix: Financial Services, State Bank of India, India, Asia, World News

Wall Street Journal

Deutsche Bank Zeroes In on Wealth Management

When senior executives at Deutsche Bank AG describe a blueprint for the bank's future, they hark back to the 2012 sale of a Hawaiian island by U.S. billionaire David Murdock.

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Related Topix: Deutsche Bank AG, Financial Services, Startups, Oracle Corporation

WANE-TV Fort Wayne

Focus 15: On Track

As train ridership grows, WANE-TV examines passenger train service in Northeast Indiana and a proposal to bring high speed rail to Fort Wayne.

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Related Topix: Northeast Indiana Bancorp, Financial Services, Fort Wayne, IN

Sat Jul 26, 2014

UnionLeader.com

More than 3,000 school backpacks distributed during the One Day of Community in Manchester

The One Day of Community Celebration sponsored by the Manchester Christian Church and the NH Fisher Cats drew hundreds of Manchester city students and their families to Sheridan-Emmett Park on Beech Street in Manchester Saturday morning to receive backpacks loaded with school supplies and enjoy a festival celebration with music, food and games.

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Related Topix: Financial Services, Community West Bancshares, Manchester, NH, Family, Kids

News Observer

Money disputes loom for NC landowners along proposed natural gas pipeline

Not long after the form letters arrived from Dominion Resources in May, Johnston County residents discovered fluorescent orange tape flapping from tree limbs in their yards.

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Related Topix: Financial Services, Dime Community Bancshares, Johnston County, NC, Dominion Corp, North Carolina, Raleigh, NC

Naugatuck Daily News

Community snapshots

Naugatuck resident Dean Lebreiro, an athlete with the International Natural Bodybuilding and Fitness Federation, placed fourth in the Master's Men over 40 class and fifth in the Open Light Heavyweight class at the Fulton Fitness Natural Connecticut Bodybuilding Championship June 14 in New Haven.

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Related Topix: Naugatuck, CT, Financial Services, Community West Bancshares, Weight Training, Fitness, Connecticut, New Haven, CT

Business Journal

Mechanics Bank teams up with RPM mortgage to retool home-loan offering

Mechanics Bank President and CEO Christa Steele is making her mark on the $3 billion community bank.

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Related Topix: Home, Mortgage, Personal Finance, Wells Fargo , Financial Services, Richmond, CA

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