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Banking News

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

3 hrs ago | 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

6 hrs ago | 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

9 hrs ago | 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

13 hrs ago | 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

17 hrs ago | 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

News Observer

Former BofA manager avoids prison in bond case

A former Bank of America trading desk manager will not serve prison time for his role in a scheme to falsify municipal bond records, a federal judge ruled Friday.

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Related Topix: Bank of America, Financial Services, US News

Journal Gazette

Lakeland has record quarterly earnings

Lakeland Financial Corp. on Friday reported second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase over the $9.2 million, or 56 cents a share, posted for the same three months of 2013.

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Related Topix: Financial Services, Lakeland Financial, Warsaw, IN, Ligonier, IN, Fort Wayne, IN

Fri Jul 25, 2014

ETaiwanNews.com

Citigroup unit paying $5M to settle SEC charges

A market trading unit of Citigroup Inc. has agreed to pay $5 million to settle federal civil charges that it failed to protect its customers' confidential trading data.

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

Inside Bay Area

Open space tax placed on November Silicon Valley ballot

Saying more funding is needed to save wild areas in Silicon Valley amid steady development pressure, the board of the Santa Clara County Open Space Authority has placed a parcel tax on the November ballot.

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Related Topix: Financial Services, Silicon Valley Bancshares, Santa Clara County, CA

Ledger-Enquirer.com

Central High principal promoted to Guard commander

Courtesy of the Alabama National Guard Brig. Gen. Charles Gable, right, the Alabama National Guard's assistant adjutant general, passes the 226th Maneuver Enhancement Brigade flag to Col.

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Related Topix: US National Guard, US Military, Alabama National BanCorporation, Financial Services, Phenix City, AL, Mobile, AL, Education Etc.

Journalgazette.net

Lake City parent's quarterly earnings up 22%

Lakeland Financial Corp. today reported record second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase from the $9.2 million, or 56 cents a share, posted for the same three months of 2013.

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Related Topix: Financial Services, Lakeland Financial, Warsaw, IN

EKathimerini

Godfather, 35, shot at Karditsa christening dies

A 35-year-old man who was being treated in an intensive care unit at the general hospital of Larissa, central Greece, for gunshot injuries suffered at christening last Sunday, died on Friday.

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Related Topix: Financial Services, European Central Bank

Business Journal

Wells Fargo makes $27M construction loan to pave way for Trader Joe's

Wells Fargo Bank provided a $27.2 million construction loan to renovate a Fort Lauderdale shopping center to accommodate Trader Joe's as a tenant.

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Related Topix: Wells Fargo , Financial Services, Fort Lauderdale, FL, Home, Mortgage, Personal Finance

Business Journal

Pacific Continental CEO retiring, current COO steps in

Hal Brown , CEO of Eugene-based Pacific Continental Corp., the parent company of Pacific Continental Bank , said Thursday he'll retire at the end of the year.

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Related Topix: Financial Services, Pacific Continental Corporation Ore, Eugene, OR

Thu Jul 24, 2014

The Globe and Mail

Scotiabank settles class action on overtime pay

Bank of Nova Scotia has reached a tentative settlement in a long-standing class action lawsuit launched by current and former employees who argue they are owed years of overtime pay.

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Related Topix: Financial Services, Bank of Nova Scotia The, Home, Mortgage, Personal Finance

Sydney Morning Herald

Macquarie cops scandal fallout

The Commonwealth Bank's boss, Ian Narev, recently noted that the financial fallout from the bank's financial advice scandal had not been significant and it's probably fair to say that in the longer term it won't sustain any real brand damage.

Comment?

Related Topix: Financial Services, Macquarie Bank

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