Financial Institutions News

When Manulife's outgoing chief financial officer Michael Bell hits the road to reunite with his family in Philadelphia, there are things he's likely to miss.

Financial institutions around the world have become increasingly aware that their operations and decisions have significant impacts on economic, environmental and social matters.

MADISON -- Wisconsin credit unions collectively posted a 31.3 percent increase in net income in 2011 compared to the previous year, according to a recently released state Department of Financial Institutions data.

Five Star Bank is closing a tiny branch just outside the Village of Warsaw that no longer gets much use.

The Nepal Stock Exchange index slipped marginally, as it lost 0.24 points to close the benchmark index at 316.43 points on Thursday.

Five Star Bank is cutting its top retail banking executive in a management reorganization that will eliminate his position as of the end of February.

Check out 1,000,000+ jobs available directly from employers. Jobs not advertised anywhere else.

Five Star Bank, an affiliate of Warsaw-based Financial Institutions, Inc. , has entered into a definitive agreement to acquire three Chemung County HSBC Bank USA, N.A. retail bank branch locations from First Niagara Bank, N.A. as part of a divestiture in connection with First Niagara's purchase of 195 HSBC branches throughout Upstate New York and ... (more)

Hundreds of Tennessee Commerce Bank customers switched banks over the weekend last weekend without initiating a single move.

A group representing the Canadian banking sector is expected to meet in Washington next week with a group of U.S. regulators, including the Federal Reserve, to talk about the Volcker rule, according to sources.

Continuing its strategy for organic growth, Bradesco launched 1,009 branches in the last twelve months, adding more than 9 thousand new employees.

Following the release of a set of consultation conclusions, Hong Kong's Securities and Futures Commission has announced the gazetting of a new set of guidelines on anti-money laundering and counter-terrorist financing , which will take effect on April 1, 2012.

Canada's banking regulator is stepping up scrutiny of bank lending practices amid growing concerns over how much consumers are borrowing against their homes.

Tennessee Commerce Bank in Franklin was closed Friday by the Tennessee Department of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as receiver.

Embattled Tennessee Commerce Bank in Franklin with nearly $1.2 billion in assets was closed today by the Tennessee Department of Financial Institutions and it's being taken over by a Louisville, Ky., bank.

The Tennessee Department of Financial Institutions seized BankEast at close of business on Friday and appointed the FDIC as receiver.

Federal and state regulators have ordered American Gateway Bank to shed foreclosed properties and reduce its problem loans.

The parent of Five Star Bank said Wednesday that fourth-quarter profits rose 13.7 percent, as more loans, higher income from lending, and expense control overcame a drop in fee revenues and higher loan losses.

Community Bank is scooping up the majority of the branches with its planned $31 million purchase of 19 total offices.

On Friday, bank executives said DeWitt-based Community Bank System would purchase 19 First Niagara and HSBC branches.