Banking News

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.

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.

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

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.

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.

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.

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

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)

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

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

Hudson's Bay Co. is shuttering two Home Outfitters locations as it focuses on making more of its products available online.

"We rate BANK OF AMERICA CORP a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.

The Maryland Board of Public Works is scheduled to consider a wetlands license for Dominion Resources, as it works toward building a liquefied natural gas export facility in Calvert County.

HSBC Bank Oman S.A.O.G. announced a net profit of RO5.7m for the first half of 2014.

Bethesda-based Eagle Bancorp Inc. had record quarterly earnings as a jump in net interest income more than offset a decline in mortgage originations.

The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, inadequate auditing and oversight and weak technology, the Wall Street Journal reported.

A 76-year-old military veteran was arrested for disorderly conduct at a public county board meeting for asking officials to speak up when they refused to use the microphones.

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year's $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a monitor of the deal said in a report released on Tuesday.

Investors are buying metals from zinc to aluminum at the fastest pace since 2009, betting demand gains will tighten supply, just as Citigroup Inc. and Macquarie Group Ltd. predict this year's rallies will end.