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Banking News

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

1 hr ago | 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

5 hrs ago | 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

9 hrs ago | 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

13 hrs ago | 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

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

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

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