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Banking News

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

20 min ago | JD Supra

Federal Court Finds No Willful Violation for Misclassification of Mortgage Loan Officers

A federal court in Oklahoma delivered another blow to claims by mortgage loan officers that they are entitled to overtime under the Fair Labor Standards Act . In Chapman v.


Related Topix: Home, Mortgage, Personal Finance, Law, Employment / Labor Law, Financial Services, BOK Financial

4 hrs ago | Farmington Daily Times

Column: Will The Swiss Vote to Get Their Gold Back?

On November 30th, voters in Switzerland will head to the polls to vote in a referendum on gold. On the ballot is a measure to prohibit the Swiss National Bank from further gold sales, to repatriate Swiss-owned gold to Switzerland, and to mandate that gold make up at least 20 percent of the bank's assets.


Related Topix: Swiss National Bank, Financial Services, Opinion

4 hrs ago | SFGate

Wells Fargo Bank settles with tellers over sex-harassment claims

File - JULY 11: Wells Fargo reported profits rose 4% from the same period last year, however the results were slightly lower than expected and the stock was down on early trading. - OAKLAND, CA - JULY 19: A sign is posted in front of a Wells Fargo Bank branch on July 19, 2011 in Oakland, California.


Related Topix: Wells Fargo , Financial Services, Oakland, CA, San Francisco County, CA, San Francisco, CA

4 hrs ago | Business Journal

San Francisco luxury homes hit record price tag of $3.3 million

Katherine August-deWilde, president of San Francisco-based First Republic Bank, says several factors contributed to the Bay Area's luxury homes hitting a record price in the second quarter. The average luxury home in the San Francisco Bay Area reached an all-time high of $3.3 million, according to First Republic Bank's Prestige Home Index.


Related Topix: San Francisco County, CA, San Francisco, CA, Publishing, Media, Financial Services, New Republic, First Republic Bank

6 hrs ago | Business Journal

First Citizens looking to Central Ohio amid M&A push

The Sandusky-based parent of Citizens Banking Co., which operates branch offices in Dublin and Plain City, showed a desire to expand its footprint with a $17.2 million agreement to purchase Dayton-based TCNB Financial Corp. "Everybody wants to be ," Dutton told me. "If you get into a bidding situation, there's always somebody willing to pay more.


Related Topix: First Citizens Banc, Financial Services, Ohio, Sandusky, OH, Dublin, OH, Plain City, OH, Franklin County, OH

7 hrs ago | Business Journal

EXCLUSIVE: Cincinnati employers expected to add thousands of jobs, PNC economist says

Greater Cincinnati employers are going to keep adding workers next year, to the tune of about 15,000 more jobs. That's the prediction of Stu Hoffman .


Related Topix: Financial Services, Pnc Financial Services GroupThe

9 hrs ago | Brandon Sun

New Cibc Ceo announces reorganization of bank's senior executives

Major changes are afoot in the executive ranks of the Canadian Imperial Bank of Commerce , as incoming chief executive Victor Dodig shuffles a number of leadership roles and announced the exit of one key executive. Dodig, who began his job as head of the bank on Monday, says chief operating officer Richard Nesbitt is leaving CIBC immediately, accelerating his initial plan to retire in October 2015.


Related Topix: Financial Services, Canadian Imperial Bank of Commerce, Retail, Coles Myer, Grocery

10 hrs ago | Business Journal

Popular Community Bank completes sale of C. Fla. operations

Popular Community Bank, the U.S. banking subsidiary of Popular Inc. , completed the previously announced sale of its Central Florida regional operations to Harbor Community Bank , a wholly owned subsidiary of HCBF Holding Co. Inc. As part of the transaction, Popular Community Bank sold its nine branches in the Central Florida area, including $104 million in loans and $217 million in deposits, each as of Aug. 31. The transaction is expected to result in a net premium of about $1 million before customary transaction-related costs.


Related Topix: Financial Services, Popular

10 hrs ago | Business Journal

Kelley Blue Book taps SunTrust's LightStream

The LightStream AnythingLoan will give site visitors online financing for cars, trucks and motorcycles anywhere in the United States. Qualified consumers can borrow between $5,000 and $100,000 at terms of their choosing and at competitive fixed rates, starting as low as 1.99 percent APR.


Related Topix: Financial Services, Suntrust Banks, Kelley Blue Book, Publishing, Media

11 hrs ago | Seattle Post-Intelligencer

Eurozone economic growth forecast cut

German Finance Minister Wolfgang Schauble speaks during a news conference in Milan, Italy, Saturday, Sept. 13, 2014.


Related Topix: Italy, Financial Services, European Central Bank

11 hrs ago | Business Journal

M&T-Hudson City deal won't be deterred by CEO's death

The sudden death last week of Hudson City Bancorp Inc.'s top executive and the subsequent naming of new leader is not expected to affect the company's plans to be acquired by M&T Bank . In a statement issued Sept.


Related Topix: Financial Services, Hudson City Bancorp, MT Bank

11 hrs ago | Seeking Alpha

Bank Of America: A World Without Countrywide

Anyone who reads my articles knows I've been pounding the table to buy Bank of America for a long time now. I have maintained that BAC's issues are transitory - although they have been a little less transitory than I'd hoped - and that we'd eventually see the company earning billions upon billions and a higher stock price.


Related Topix: Bank of America, Financial Services

16 hrs ago | Reuters

Wells Fargo finds mortgage myths hamper home purchases

Getting a mortgage in the United States may be easier than many borrowers think, according to a survey released Monday by Wells Fargo & Co ( Nearly two-thirds of respondents thought that a very good credit score was necessary to buy a home, and more than 40 percent thought they needed a down payment equal to at least 20 percent of the purchase price to buy a home. Under government-backed programs, first-time home buyers with subprime credit scores can get a mortgage insured by the Federal Housing Administration, and they can put down as little as 3.5 percent of the purchase price.


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

17 hrs ago | Wall Street Journal

Santander's Botin Pledges to Continue Father's Work

SANTANDER, Spain-In Ana Patricia BotA n first official appearance as chairwoman of Banco Santander SA she vowed to build on the work of her father, the bank's former chairman who died last week. Ms. BotA n said that her father, Emilio BotA n, worked for almost 30 years as Santander's chairman to transform it into the "No.


Related Topix: Spain, World News, Banco Santander Central Hispano SA

19 hrs ago |

Hiring in state rises with national trend

Angie Dvorak is assistant vice president of public relations for 1st Source Corp. of South Bend. She said the financial services company has provided across-the-board instruction to many of its 1,200 employees.


Related Topix: 1st Source, Financial Services, Old National Bancorp

Sun Sep 14, 2014

Sydney Morning Herald

Markets Live: Aussie on the brink

Shares slump early as poor Chinese data shakes investor confidence and threatens to push the local dollar below 90 US cents ahead of the US Fed meeting this week. The J ames Hardie Industries asbestos compensation fund is headed for a funding shortfall and is seeking approval from the NSW Supreme Court to pay some victims in instalments rather than lump sums.


Related Topix: Financial Services, Macquarie Bank

Stocks to watch on Monday

Fatfish, an Australian-listed company that invests in internet ventures, has brought a stake in Malaysian-based mobile games provider, AppXplore Sdn Bhd.


Related Topix: Financial Services, National Australia Bank

The Times-Tribune

Troopers who died in the line of duty

Twenty other troopers with ties to Northeast Pennsylvania have died in the line of duty since 1909, according to the Pennsylvania State Trooper Association's In Memoriam page. We welcome user discussion on our site, under the following guidelines: To comment you must first create a profile and sign-in with a verified DISQUS account or social network ID.


Related Topix: Financial Services, Northeast Pennsylvania Financial, Trooper, PA

Closing Bell: TSX lacklustre ahead of Fed meeting, U.K. referendum

The Toronto stock market closed little changed Friday with traders in a risk-averse mood going into the weekend ahead of next week's U.S. Federal Reserve meeting on interest rates and a referendum that will decide whether Scotland leaves the United Kingdom. Hudson's Bay Co.


Related Topix: HSBC Holding

Silicon Alley Insider

World Waits For White Smoke From U.S. Fed

The U.S. Federal Reserve may give clearer hints on when it will hike the cost of borrowing in the United States in the coming week, as struggling Europe braces for a tight vote in Scotland on whether to leave the United Kingdom. As the U.S. economy picks up pace, its central bank is inching closer to raising interest rates, a move that will send ripples across the globe.


Related Topix: Europe, World News, United Kingdom, Financial Services, European Central Bank


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