Banking News

While the U.S. Navy keeps shrinking, Navy Federal Credit Union keeps growing. The Vienna, Va.-based credit union, the nation's largest, surpassed $6 billion in assets last month and now has more than 5 million members.

JPMorgan Chase & Co., the biggest U.S. bank, hired UBS AG's former China Chairman David Li to lead the Wall Street firm's operations in the Asian nation.

The red line in the chart above shows the price of the loonie, in U.S. cents. The blue line shows the global price for a pound of copper.

Attorney General Eric Holder has formally refused to meet with Bank of America Corp Chief Executive Brian Moynihan to hammer out a multibillion-dollar deal, as talks to resolve probes into shoddy mortgage securities sold by the bank and its units remain at a standstill, according to people familiar with the matter.

Today: Gigamon plummets after revealing that earnings report will not live up to expectations.

A top European Central Bank official says Britain leaving the European Union would be an "enormous shock" whose consequences would be difficult to manage.

An illuminated euro sign is seen in front of the headquarters of the European Central Bank in the late evening in Frankfurt January 8, 2013.

Severe thunderstorms rolled into the area on gusts of wind that felled trees, knocked out power lines and sent emergency crews on calls all over the region.

Citigroup is nearing a $7B settlement deal over shoddy mortgages, sources familiar with the deal say, reports The Wall Street Journal.

Richmond Mayor Gayle McLaughlin found the doors locked at Wells Fargo's San Francisco headquarters in August 2013.

Citigroup Inc is close to paying about $7 billion to resolve a U.S. probe into whether it defrauded investors on billions of dollars worth of mortgage securities in the run-up to the financial crisis, a source familiar with the matter said on Tuesday.

Federal Reserve Bank of Minneapolis President Narayana Kocherlakota indicated Tuesday that any increase in short-term rates by the U.S. central bank likely lies well into the future.

Federal Housing Finance Agency director Mel Watt on Tuesday kicked off a new push to get eligible homeowners into the Home Affordable Refinance Program , or HARP, beginning with a town hall meeting in Chicago.

PNC Financial Services Group Inc. was No. 80 on SNL Financial's list , which ranks banks by total assets.

Charles Thomas joined Wells Fargo earlier this year to fill the newly created position of chief data officer.

U.S. authorities have begun settlement talks with Germany's Commerzbank and Deutsche Bank over their dealings with countries blacklisted by the United States, extending a crackdown on European banks at a delicate point in U.S.-German relations.

Venture investments in financial technology startups are booming as big banks are throwing their support behind the sector, according to Fortune.com.

The technology is used for transactions worth A 6.4bn a week, up from A 5.8bn last year, the study by the British Bankers' Association and EY found.

What happens when a evangelist-like chief executive, with a big corporate vision, cultural change and lofty long-term aspirations for his company's greatness goes head to head with a tough investment bank that wants a quick company makeover cum asset sale? The corporate leader is Pacific Brands boss John Pollaers and the investment bank is ... (more)

Australian firms have shrugged off the sharp slide in consumer sentiment since the federal budget, with business confidence increasing in the past month.