Banking News

Federal Reserve Bank of New York President William Dudley said Friday the U.S. dollar faces little threat from the upstart private currency called Bitcoin.

Bank of America CEO Brian Moynihan saw his compensation jump 77 percent last year as the company's fortunes improved.

Deutsche Bank denied a German newspaper report on Friday that claimed a senior bank official knew of alleged currency market manipulation efforts as far back as 2006.

A New Mexico judge has issued a $3.2 million judgment against Wells Fargo & Co. for foreclosing on a man's home after his death, even though he had a purchased an insurance policy through the bank that would have paid the remaining balance on his mortgage.

Two sources, who are not authorized to speak publicly on the matter, said on Friday that UBS and Brazil's central bank agreed on setting March 12 as the date to activate the investment-banking license.

The Little Rock Police Department says Michael McCormack, 31, of Little Rock is the primary suspect in the Feb. 24 robbery of the Bank of the Ozarks branch on N. Rodney Parham Rd. and the holdup three days later at the Tom and Jean's grocery store on Sardis Road.

British financier Guy Hands has ended his long-running U.S. lawsuit accusing Citigroup Inc of defrauding him into buying music company EMI Group Ltd but plans to keep pursuing the case in England.

US stocks rose modestly on Friday after an unexpectedly strong payrolls report in February, although gains were curbed by lingering tensions in Ukraine, with the S&P 500 at record highs.

An emergency phone at a tram stop stands next to the Euro sculpture in front of the European Central Bank in Frankfurt, Germany, Thursday, March 6, 2014.

Federal Reserve Bank of St Louis President James Bullard had the biggest impact on bond markets of all Fed policymakers in 2013, according to a new tally.

Citigroup Inc. shares are still struggling to keep up with the bank's peers, trading at a discount to tangible book value five years after the financial crisis.

Julie Barker-Merz recalls shooting up the corporate ladder very quickly when she started at the bank nearly two decades ago.

Bank of Nova Scotia Chief Executive Officer Brian Porter said the lender sees the most potential for expansion in Mexico, Peru, Chile and Colombia, countries with economic stability and a rising middle class.

China needs to regulate booming online financial services firms to curb the risks they pose to the wider financial sector, the former president of Industrial and Commercial Bank of China, Yang Kaisheng, said on Thursday.

According to a filing with a U.S. federal court in New York five banks involved in setting the London benchmark gold price have been accused in a lawsuit of price manipulation.

Canadian Western Bank says it earned $52.6 million in its latest quarter, up from $45.5 million a year ago, as revenue improved 14 per cent.

Oil traders are betting that Europe is too hooked on Russian fuel for the region to back energy sanctions against President Vladimir Putin.

The National Retail Federation submitted an official statement today for a hearing on data security being held by the House Financial Services Committee's Subcommittee on Financial Institutions and Consumer Credit, reiterating the retail industry's commitment to protecting Americans' financial information.

The report reflects the final documentation and pricing of the transaction following financial close.

The European Central Bank is expected to hold off on cutting interest rates on Thursday, opting instead to loosen lending conditions to fight off the danger of debilitating low inflation.