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Banking News

Banking news continually updated from thousands of sources around the net.

1 hr ago | Wall Street Journal

Grand Central: Bond Dealers See Fed Rate Hikes Stopping in 2017 at 3.5%

Investors spend a great deal of time discussing when the Federal Reserve will begin raising short-term interest rates.

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Related Topix: Bank of New York, Financial Services, Federal Reserve Bank of New York

Fri Jul 11, 2014

The Globe and Mail

Elizabeth Comper was a fighter against racism on several fronts

Elizabeth Comper had a comfortable life a decade ago as wife of the Bank of Montreal's chief executive when she saw something on television that shocked and upset her: the world's oldest hatred flaring up again in her own country.

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Related Topix: Bank of Montreal, Financial Services, Libraries, Canada, Family, Adolescents and Pre-Teens, Marketing

Reuters

UPDATE 2-Wells Fargo's focus on energy shows growth strategy

Wells Fargo & Co is angling to cash in on the U.S. energy boom, as the fourth-largest U.S. bank looks for new avenues of revenue growth to overcome a slump in mortgage lending, its traditional driver of profits.

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Related Topix: Wells Fargo , Financial Services, Startups, Mach One, Institutional Venture Partners, Home, Mortgage, Personal Finance

KAUZ

Markets steady after Portuguese bank scare

The solar panels that Idaho inventor Scott Brusaw has built aren't meant for rooftops.

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Related Topix: Financial Services, Exchange Bank, South Korea, World News

GPB.org

Economists Say Inflation Is Tame; Consumers Aren't Buying It

Meat is displayed in a case at a grocery store in Miami. The index of retail prices for meats, poultry, fish and eggs was up 7.7 percent from a year ago more than triple the overall inflation rate.

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Related Topix: Pnc Financial Services GroupThe, Financial Services, Life, Fruits, Food, US News, United States Department of Agriculture

Business Journal

Wells Fargo earns $5.7 billion in Q2

Wells Fargo & Co., the world's most valuable bank, said profit increased 3.8 percent on lower costs even as the lender snapped a 17-quarter streak of rising per-share earnings.

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Related Topix: Wells Fargo , Financial Services, Startups, Mach One, Institutional Venture Partners

The Globe and Mail

U.S. banks mired in trading doldrums

Second-quarter earnings reports likely to disappoint as fixed-income, currencies and commodities no longer spinning easy revenues.

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Related Topix: Financial Markets, Financial Services, CitiMortgage, Citigroup, Home, Mortgage, Personal Finance, Stanley

The Lebanon Daily News

Troubled Lisbon bank insists it is healthy

A currency trader passes by screens showing the Korea Composite Stock Price Index, left, and the exchange rate between the U.S. dollar and the South Korean won at the foreign exchange dealing room of the Korea Exchange Bank headquarters in Seoul, South Korea, Friday, July 11, 2014.

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Related Topix: World News, Portugal, Financial Services, Exchange Bank, South Korea,

Thu Jul 10, 2014

Business Journal

Are we entering a post-Banktown era in Charlotte?

Don't panic. Bank of America isn't leaving town. Neither is Wells Fargo . But trends tell us it's probably time to start thinking about a post-Banktown Charlotte.

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Related Topix: Bank of America, Financial Services

Reuters

Miami's mortgage discrimination suits against Citi, Wells dismissed

A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo & Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week.

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Related Topix: Home, Mortgage, Personal Finance, Financial Services, Citigroup, Wells Fargo , Startups, Mach One, Institutional Venture Partners

The Globe and Mail

A new way to invest in companies led by women

Yahoo chief executive Marissa Mayer appears on NBC's Today show in New York, Feb. 20, 2013.

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Related Topix: Barclays plc, Financial Services, Investment Banking, Barclays Capital

ClickOnDetroit

JPMorgan Chase announces Detroit home program

Financial giant JPMorgan Chase and Liberty Bank are starting a program in Detroit to help people finance, repair and restore homes being sold through the city's online auctions.

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Related Topix: Detroit, MI, JP Morgan Chase , Jefferson Pilot Corporation, Insurance, Non-Profit

Business Journal

Too big to sail? CEO Cutler Dawson on how Navy Federal Credit Union keeps growing

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.

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Related Topix: Financial Services, Navy Federal Credit Union

The Washington Post

JPMorgan Hires UBS's David Li as China Head, Replacing Shao

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.

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Related Topix: Financial Services, Ubs Ag, JP Morgan Chase , UBS Investment Bank, Investment Banking, UBS Financial Services, Investment Services, University of Pennsylvania, Business News

Wed Jul 09, 2014

CBC News

Which way is the loonie headed? Watch the price of copper

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.

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Related Topix: Financial Services, Bank of Montreal, Business News

Reuters

Holder won't meet with BofA CEO as mortgage talks stall: sources

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.

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Related Topix: Home, Mortgage, Personal Finance, Bank of America, Financial Services, US News

Contra Costa Times

Biz Break: Gigamon is first victim of Silicon Valley earnings season tumult

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

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Related Topix: Financial Services, Silicon Valley Bancshares, PC, Santa Clara, CA, Santa Clara County, CA, Financial Markets

Brandon Sun

European Central Bank official: Britain leaving EU would be 'enormous shock'

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

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Related Topix: European Central Bank, Financial Services, Greater London County, England, United Kingdom,

The Globe and Mail

German cabinet clears way for Europe's banking union

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.

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Related Topix: Financial Services, European Central Bank, Ann Arbor, MI

The Times-Tribune

Threat of isolated tornado as area under severe weather alert

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.

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Related Topix: Weather, Tornado, Natural Disasters, Financial Services, Northeast Pennsylvania Financial, Hurricane, Dunmore, PA

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