Banking News

Michael Walker, City National Bank's San Francisco Bay Area regional executive, says the bank is hiring as it builds for the long-term.

Citigroup Inc. says it's been told by the Securities and Exchange Commission that the agency has completed its investigation of the bank's conduct regarding mortgage bonds and won't bring further enforcement action.

The SEC has filed a series of cases against Citigroup and other big Wall Street banks in recent years over their sales of securities backed by risky mortgages ahead of the 2008 financial crisis.

Argentina said it doesn't oppose a deal sought by JPMorgan Chase & Co. and other banks that would allow the country to resume debt payments, as its dollar bonds sank for a second day.

Huntington Bancshares Inc. will eliminate nearly 200 jobs to save $30 million to $35 million annually, the company said through a spokeswoman Thursday and in a filing with the Securities and Exchange Commission .

A U.S. Securities and Exchange Commission watchdog conducted an extensive, months-long investigation to find out who had leaked information that appeared in two Reuters stories published last autumn, but it was unable to identify the sources, according to a report of the probe seen by Reuters on Thursday.

The best thing we can say about Thursday's stock market trading is that it is now over.

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A strong economic performance by the United States for the year's second quarter is fuelling hopes Canada's economy may too be poised to shift into a higher gear.

The outgoing boss of National Australia Bank has lashed Prime Minister Tony Abbott's planned paid parental leave scheme, saying the country cannot afford it.

Intact Financial Corp. saw a healthy increase in its second-quarter profits compared with the same quarter last year, when the insurance company was affected by extensive flooding in Alberta.

Offsetting a dismal start to the year, the economy grew at a sizzling rate in the second quarter, powered by what the Bureau of Economic Analysis said were improvements in personal consumption, exports and businesses replenishing their inventories.

In this Friday, July 25, 2014 photo, pedestrians walk past a branch of the Industrial and Commercial Bank of China, a target for anti-capitalist agitation ever since a 1927 anarchist bombing of what was then a Bank of Boston, in Buenos Aires, Argentina.

U.S. District Judge Jed Rakoff in Manhattan ruled nine months after jurors found Bank of America and former Countrywide executive Rebecca Mairone liable for defrauding government-controlled mortgage companies Fannie Mae , and used her maiden name of Rebecca Steele.

Dominion Resources Inc. on Wednesday reported profit that declined by 21 percent in its second quarter, and beat analysts' expectations.

U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.

THE wind down of the mining investment boom is hurting Western Australia's commercial property market, with growing vacancies in office space.

Emily Rafferty said Tuesday she will retire at the end of March 2015. She has been president of the museum since January 2005.

A 42-year-old man pleaded not guilty Monday to trying to rob a Wells Fargo branch in South San Francisco.