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Banking News

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

5 min ago | Fortune

The real economy is finally doing better than the money economy

Here's a switch: The bankers are all of a sudden doing worse than the butchers, the bakers, and the candlestick makers.

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Related Topix: Financial Services, Bank of America, Tyson Foods, Food, Cheesecake Factory Incorporated The, Restaurant Management, Jarden, Manufacturing, Industrial Machines, Appliances, Financial Markets, Mortgage, Personal Finance

4 hrs ago | TheCourier.com

Fifth Third Bancorp 1Q Earnings Fall 25 Pct

Fifth Third Bancorp says its first-quarter net income fell 25 percent, mostly on a decline in its investment in its former Vantiv payment-processing subsidiary.

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Related Topix: Financial Services, Fifth Third Bancorp

8 hrs ago | The Hartford Courant

Citigroup shuns digital webcast for its shareholder meeting

Citigroup Inc , which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis.

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Related Topix: Financial Services, Citigroup, Wells Fargo , Ansonia, CT

12 hrs ago | The Hartford Courant

Citi received mixed signals from the Fed on 'stress test': WSJ

The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain "stress test" planning problems before rejecting its capital plan last month, the Wall Street Journal reported, citing people close to the company.

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Related Topix: Financial Services, Citigroup, Ansonia, CT

Wed Apr 16, 2014

The Miami Herald

Hancock profit rebounds as efficiency targets met

Regional bank Hancock Holding Co. said Wednesday that it has met efficiency targets nearly a year early, as quarterly profits bounced back thanks to lower expenses.

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Related Topix: Financial Services, Hancock Holding

Reuters

Bank of America's financial crisis costs become a recurring nightmare

The bank on Wednesday posted $6 billion of litigation costs for its first quarter, far exceeding the $3.7 billion of settlement costs that investors had previously known about.

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Related Topix: Bank of America, Financial Services, Home, Mortgage, Personal Finance, Financial Markets

MarketWatch

Movers & Shakers: Yahoo rallies on revenue growth; Bank of America in red

Yahoo Inc. jumped Wednesday after the Internet giant reported revenue growth for the first time in more than a year, while Bank of America Corp. shares slipped after the bank said it swung to a loss last quarter.

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Related Topix: Startups, Yahoo!, Financial Services, Bank of America

Business Journal

PNC 'in pretty good shape,' CEO Demchak says; bank considers special dividend

PNC Financial Services Group Inc. marked its fourth consecutive quarter of profits of at least $1 billion, but President and CEO William Demchak and CFO Robert Reilly were again cautious during a conference call with analysts Wednesday.

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Related Topix: Pinnacle Technologies, Startups, Financial Services, Pnc Financial Services GroupThe

Albany Times Union

Bank Of America Beats Earnings Estimates But Reports A Loss Of $276 Million

Bank of America beat Wall Street Q1 2014 earnings estimates with earnings per share of $0.35 and revenue of $22.8 billion.

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Related Topix: Bank of America, Financial Services, Home, Mortgage, Personal Finance

USA Today

Bank of America shares dip on Q1 loss

Your Take contributions have not been reviewed for accuracy by USA TODAY. Contributors agree to our Terms of Service and are responsible for the content of their videos and photos.

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Related Topix: Bank of America, Financial Services, Home, Mortgage, Personal Finance, Autos

The Hartford Courant

Fed should try to align projections with policy statement: Lockhart

The U.S. Federal Reserve should try to make its communications on the expected path of interest rates more consistent with its policy statements, a top official at the central bank said on Wednesday.

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Related Topix: Federal Reserve Bank of Atlanta, Financial Services, Ansonia, CT

Reuters

Bank of America posts loss as litigation charges weigh

Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

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Related Topix: Bank of America, Financial Services, Home, Mortgage, Personal Finance

Wall Street Journal

Smuggling Sparks Questions about Philippine Current Account

Several years of sound economic management have left the Philippines with what appears to be one of the strongest government balance sheets in Asia: a current account surplus of nearly 5% of gross domestic product and enough foreign reserves to cover more than a year's worth of imports.

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Related Topix: Deutsche Bank AG, Financial Services

Tue Apr 15, 2014

GuruFocus.com

U.S. Bancorp: Don't Forget About This Fair-Valued Bank

If you were to survey the field to name major banks, we're guessing that U.S. Bancorp wouldn't top too many lists.

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Related Topix: US Bancorp, Financial Services, Multistat, Wells Fargo , Bank of America, Warren Buffett, Construction, Berkshire Hathaway, Investment Services

PE Hub

Munder, Victory Capital to combine: Sources

Crestview Partners looks like it will be merging Munder Capital Management with another of its portfolio companies, two sources told peHUB .

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Related Topix: Birmingham, MI, KeyCorp, Financial Services

Business News

UBS accused of selling 'rotten' sausage meat

UBS failed to properly disclose risks it took with Swatch Group's funds and should be held responsible for the losses that followed, the watchmaker argued in a Swiss court.

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Related Topix: Financial Services, Ubs Ag

MarketWatch

David Weidner: Banking dominos set to tumble

Jamie Dimon has a message for his bank's investors who may be concerned about rising costs for those struggling to get by: It's not us, it's them.

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Related Topix: JP Morgan Chase , Foreclosures, Home, Mortgage, Personal Finance, Economics News, Bankruptcy

KMIZ

Stocks: Trying to hold on to gains

But the Dow Jones Industrial Average, S&P 500 and the Nasdaq were all in slightly negative territory by 10:30a.m. ET.

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Related Topix: Financial Markets, Johnson & Johnson, Biotech, Johnson and Johnson, Medicine, Johnson and Johnson Merck Consumer Pharmaceuticals, Healthcare Industry, Financial Services, CitiMortgage, Citigroup

Fortune

Citigroup's bad bank is doing better than its good one

On Monday, Citi announced that its earnings in the first quarter were up 3.5% from a year ago to $3.9 billion.

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Related Topix: Financial Services, Citigroup, Home, Mortgage, Personal Finance

Wall Street Journal

Grand Central: Central Bankers To World: Take Our Currencies, Please

"Both history and theory have the same lesson: It is possible to undo what might now appear to be permanent changes."

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Related Topix: Financial Markets, Financial Services, European Central Bank

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