Banking News

Fifth Third Bancorp on Tuesday boosted its common stock cash dividend by 1 cent, or 9 percent, to 12 cents.

M&T Bank Corp will put a comprehensive plan in place to fix problems with its anti-money laundering policies that had caused regulators to put a hold on its $3.7 billion bid to buy Hudson City Bancorp.

Remember the good old days when investors held banking shares for their safe dividend income? The financial crash shattered that.

Appaloosa hedge fund manager David Tepper is known for outsized returns and good timing on his purchases, earning much of his wealth foreseeing and correctly playing the housing crisis and subsequent financial recovery.

Brazilian Finance Minister Guido Mantega is making obsolete the world's most-popular market for structured notes tied to bonds.

A subsidiary of Deutsche Bahn , the German state-run transport group, is accused of paying up to 315,000 euros in bribes over the past ten years to win contracts in Greece, reports said Tuesday.

IT MAY only be June but since the turn of the year more than 3,000 jobs have been lost in Swindon leaving a black hole in the jobs market.

Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes.

June 17 - Britain's top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes, who is alleged to have been a central figure in a scam to rig global benchmark interest rates, a source familiar with the situation said on Monday.

With everyone in an uproar over the Fed's perceived communication problem , analysts at Deutsche Bank Securities are out with a note that shows Fed Chairman Ben Bernanke's news conferences do indeed have an impact on the market.

Wall Street is ramping up financing to private-equity firms buying homes to rent, helping them accelerate purchases as competition increases and prices jump.

Natasha Salter, from Stoddens Road, and Clare Kingston, from Lynton Road, travelled from Torquay to Burnham in a tandem bike ride to raise funds for MacMillan Cancer Support.

Former homeowners are seeking class-action status in an ongoing suit against Bank of America Corp., which stands accused of using gift cards, cash bonuses and other means to encourage employees to meet foreclosure quotas.

ANZ Banking Group and Macquarie Bank will have to set aside up to $S300 million each after being caught up in Singapore's rate-rigging scandal.

Newcrest Mining Ltd. , Australia 's largest gold producer, is facing scrutiny from regulators about its disclosure of a possible A$6 billion writedown after bullion slid into a bear market.

The 47-year-old West Scranton resident juggles the doctors appointments, dance recitals, track meets and concerts.

Is it not a saying of Moses, "Who am I, that I should go in and out before this great People?" When I consider the great events which are passed, and those greater which are rapidly advancing, and that I have been instrumental in touching some springs, and turning some small Wheels, which have had and will have such Effects, I feel in Awe upon my ... (more)

The United States Attorney's Office announced 23-year-old Jason Berg was arrested and charged by criminal complaint with committing the robberies.

Editor's Introduction: A research team at the Federal Reserve Bank of St. Louis recently published a very interesting and instructive paper that seeks to answer the question of how community banks can make it, going forward.

Remember when IBM's supercomputer competed and won on Jeopardy! not too long ago? Now Citigroup has entered into an agreement with IBM to explore possible uses for IBM Watson that could help advance customer interactions and improve and simplify the banking experience.