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Banking News

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

1 hr ago | 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

5 hrs ago | 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

9 hrs ago | 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.

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Related Topix: Financial Services, Macquarie Bank

Brandon Sun

Settlement reached in Scotiabank overtime case involving retail branch workers

Scotiabank has agreed to settle an overtime class action lawsuit involving some of its retail branch bank employees.

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Related Topix: Financial Services, Bank of Nova Scotia The

Reuters

Euro zone bonds yields rise on strong data, dulling QE prospects

Euro zone bond yields edged up on Thursday as investors saw better-than-expected economic data as quelling the need for the European Central Bank to loosen monetary policy further.

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Related Topix: Financial Services, European Central Bank

GPB.org

How High Debt From The Housing Collapse Still Stifles Our Economy

An artist's installation shows pre-foreclosed homes in Newark, N.J., in July 2009 at the Queens Museum of Art in New York City.

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Related Topix: Newark, NJ, Foreclosures, Paterson, NJ, Home, Mortgage, Personal Finance

The Washington Post

European Central Bank in database security breach

The European Central Bank says contact data have been stolen from a database that serves its public website, though it's stressing that no internal systems or market-sensitive data were compromised.

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

Williamson Daily News Online

Community Trust honored as 'bank lender of the year'

Submitted photoThe United States Small Business Administration recently honored Community Trust Bank as the "2014 SBA West Virginia Community Bank Lender of the Year."

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Related Topix: Small Business, Personal Finance, Financial Services, Southern Community Bancorp, West Virginia, Morgantown, WV

Wed Jul 23, 2014

Swissinfo

France probes UBS over alleged tax evasion

Note that you can only reproduce articles signed "[journalist], swissinfo.ch" If you wish to use more articles per week, please feel free to contact us France probes UBS over alleged tax evasion 23.15.2014 Swiss bank UBS was placed under formal investigation in France on Wednesday over allegations that it had helped wealthy French customers evade ... (more)

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Related Topix: Financial Services, Ubs Ag

Business Journal

Construction commences on new SSFCU branch

Security Service Federal Credit Union has broken ground on a new freestanding branch at 6907 North Loop 1604 East.

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Related Topix: Financial Services, Security Service Federal Credit Union, North Loop, TX

Business Journal

Citizens hires Bedikian to head Boston-based commercial markets team

Citizens Financial Group says it has hired Anthony Bedikian as managing director of global markets for its Boston-based commercial banking business.

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Related Topix: Financial Services, Citizens Financial Group

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