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Banking News

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

4 hrs ago | 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

4 hrs ago | 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

8 hrs ago | 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,

8 hrs ago | 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

10 hrs ago | 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

14 hrs ago | Business Journal

Snapshot: Citigroup and the $7B bad mortgage deal + Pharmacist accused of taking 200K pills

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

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Related Topix: Home, Mortgage, Financial Services, Citigroup, Personal Finance, CitiMortgage, Weather, Drugs

18 hrs ago | Business Journal

San Francisco to vote on whether to support eminent domain to fight foreclosures

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

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Related Topix: Foreclosures, Wells Fargo , Financial Services, Home, Mortgage, Personal Finance

Tue Jul 08, 2014

West Australian

Citigroup may pay $7 billion to resolve U.S. mortgage probes - source

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.

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Related Topix: Financial Services, Citigroup, Home, Mortgage, CitiMortgage, Personal Finance, US News

Wall Street Journal

Fed's Kocherlakota Sees No Urgency To Raise Short-Term Rates

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.

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Related Topix: Financial Services, Federal Reserve Bank of Minneapolis

Wall Street Journal

U.S. Officials Try To Rebuild Momentum In Stalling Mortgage Refinance and Modification Programs

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.

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Related Topix: Home, Mortgage, Personal Finance, Housing, Financial Services, Suntrust Banks, Foreclosures

Business Journal

PNC moves up in ranking of world's 100 biggest banks

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

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Related Topix: Pnc Financial Services GroupThe, Financial Services, Bank of New York, BNY Mellon

Business Journal

Wells Fargo banks on better use of customer data while avoiding 'creepiness'

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

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Related Topix: Wells Fargo , Financial Services, Texas, Publishing, Harte Hanks, Advertising, Harte-Hanks, HP, Computers

MSN Money

U.S. in sanctions talks with Commerzbank and Deutsche: source

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.

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Related Topix: Prison, Deutsche Bank AG, Financial Services, Reuters

Business Journal

Financial-technology venture investments expected to climb to $8 billion

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

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Related Topix: Bank of America, Financial Services

BBC News

Digital banking 'reaches A 1bn a day'

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.

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Related Topix: Home, Mortgage, Personal Finance, West Sussex County, England, United Kingdom, Deutsche Bank AG, Financial Services, Business News

Sydney Morning Herald

Pollaers loses out in tussle over direction

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)

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Related Topix: Financial Services, Macquarie Bank, Marketing

Mon Jul 07, 2014

West Australian

Business confidence lifts in June

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

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Related Topix: Financial Services, National Australia Bank

News Observer

Corinthian's demise signals new approach

For four years, the Education Department has threatened to rein in for-profit colleges and their soaring student debt.

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Related Topix: Education, Corinthian Colleges, ITT Educational Services, Education Management, Wells Fargo , Financial Services

Ananova

Lloyds Picks New Chief Amid Bank IT Scrutiny

Britain's biggest high street lender will this week appoint a new IT chief as the banking sector seeks to overhaul creaking computer systems following a series of reputation-damaging failures.

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Related Topix: Lloyds TSB Group, Financial Services, CIO News, RBC Financial Group, Business News

Bradenton.com

Simmons First National to donate bank in Eudora

The donation announced Monday depends upon the closing of Simmons First's purchase of Delta Trust & Banking Corporation - which is the parent company of Delta Trust.

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Related Topix: Financial Services, Simmons First National, Bradenton, FL

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