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Banking News

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

27 min ago | ABC News

Reports: FBI Probes JPMorgan Hack

The FBI is investigating a hacking attack on JPMorgan Chase and at least one other bank, according to reports citing unnamed sources familiar with the matter.

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Related Topix: JP Morgan Chase , Science / Technology, Computer Security

3 hrs ago | Reuters

PwC must face $1 billion lawsuit over MF Global advice

A federal judge on Wednesday ordered PricewaterhouseCoopers to face a $1 billion lawsuit claiming that its bad accounting advice was a substantial cause of the October 2011 bankruptcy of MF Global Holdings Ltd, a brokerage run by former New Jersey Governor Jon Corzine.

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Related Topix: Reserve Bank of Australia, Financial Services, PricewaterhouseCoopers, Accounting, Economics News, Bankruptcy, Jon Corzine, US Governors

5 hrs ago | Globe and Mail

ECB's Draghi has been 'overinterpreted': German finance minister

Germany's Finance Minister Wolfgang Schaeuble told a newspaper on Wednesday that European Central Bank chief Mario Draghi had been "overinterpreted" after suggesting that fiscal policy could play a greater role in promoting growth.

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Related Topix: Financial Services, European Central Bank

9 hrs ago | Brandon Sun

Toronto stock market to open little changed, National Bank beats expectations

The Toronto stock market was set to open little changed following another record-high close as traders continued to digest earnings reports from the Canadian banking sector, in this case a solid report from National Bank .

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Related Topix: Financial Services, Bank of Montreal, Canada,

11 hrs ago | Reuters

Global Markets-Stocks gain on Ecb stimulus hopes, U.S. economic data

Worldwide stock indexes rose modestly on Tuesday and European bond yields fell on expectations of more stimulus from the European Central Bank, while strong U.S. data on durable goods and consumer confidence underpinned U.S shares.

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Related Topix: Financial Markets, Financial Services, European Central Bank

15 hrs ago | Reuters

UPDATE 1-Market Chatter-Corporate finance press digest

* DBRS Ltd, the privately held credit rating agency that competes with Standard & Poor's Financial Services LLC, Moody's Corp and Fitch Ratings Inc, is exploring a sale, according to people familiar with the matter.

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Related Topix: JP Morgan Chase

Tue Aug 26, 2014

Business Journal

Charleston banker Rick Redden to lead Carolinas region for Wells Fargo

Wells Fargo & Co. has named Charleston, S.C., banker Rick Redden as its new president of regional banking in the Carolinas.

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

Brandon Sun

Most actively traded companies on the TSX

Teranga Gold Corp. . Miner. Up four cents, or 5.06 per cent, to 83 cents on 9.6 million shares.

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Related Topix: Tim Hortons, Suntech Power, Financial Services, Bank of Nova Scotia The

The Washington Post

Brazil Coffee Output Set for Worst Slump Since 1965: Commodities

A prolonged drought in Brazil has already claimed about half of Jose Francisco Pereira's coffee crop.

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Related Topix: Agriculture, Science, Weather, Natural Disasters, Drought, Colombia, World News, Citigroup, Financial Services, J M Smucker, Food, Business News

Business Journal

Wells Fargo unveils Mobile Response Unit to serve disaster-stricken customers

Wells Fargo Mortgage Servicing Executive Michael DeVito speaks to guests at a ribbon cutting in Fort Mill for the bank's Mobile Response Unit.

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

Nanaimo Daily News

Scotiabank wants to increase its profile in countries such as Mexico and Peru

The corporate logo is seen outside Scotiabank headquarters in the financial district in Toronto on December 3, 2002.

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Related Topix: Financial Services, Bank of Nova Scotia The

WXOW-TV La Crosse

Experts fear Minnesota farmland prices declining

Minnesota Public Radio News reports the Federal Reserve Bank of Minneapolis found in its most recent quarterly survey that the state's farmland prices are on the decline.

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Related Topix: Financial Services, Federal Reserve Bank of Minneapolis

Canada.com

TSX advances as Burger King buying Tim Hortons in US$11B deal

Canadian stocks were higher Tuesday as Burger King announced it's buying Tim Hortons.

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Related Topix: Financial Services, Tim Hortons, Financial Markets, Bank of Montreal

DNA India

SBI cuts home loan rate by up to 0.15%

Country's largest bank SBI on Tuesday slashed home loan rate by up to 0.15 per cent on housing loan, a move likely to be followed by other lenders.

Comment?

Related Topix: Financial Services, State Bank of India

AmericanBankingNews.com

United Bancorp Inc/oh Director Gary W. Glessner Buys 1,000 Shares

United Bancorp Inc/oh Director Gary W. Glessner purchased 1,000 shares of the stock on the open market in a transaction that occurred on Friday, August 22nd.

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Related Topix: Financial Services, United Bancorp

West Australian

ICBC, IBM deal shows U.S. tech giant still engaged in China

Industrial and Commercial Bank of China has deployed a new IBM mainframe computer system that reduces downtime and will continue to buy equipment from IBM, the two companies said Tuesday.

Comment?

Related Topix: Independence Community Bank, Financial Services, Public Relations

The Winnipeg Free Press

Bank of Montreal has flat Q3 net income while revenues increased 10 per cent

Bank of Montreal reported a third-quarter net income of $1.126 billion, or $1.67 per share, relatively unchanged from the same time last year.

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Related Topix: Financial Services, Bank of Montreal

Wall Street Journal

China Will Need Stimulus to Hit 7.5% Growth Target, KC Fed Paper Says

A sputtering housing market threatens China's economic outlook and would probably force the central bank and local governments to intervene if they want to hit the country's 7.5% economic growth target for this year, according to research from the Federal Reserve Bank of Kansas City .

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Related Topix: Financial Services, Federal Reserve Bank of Kansas City

Brandon Sun

Scotiabank posts a higher third-quarter net profit and hikes its dividend

Scotiabank is boosting its shareholder dividend by two cents, while reporting a higher third-quarter net income of $2.35 billion.

Comment?

Related Topix: Financial Services, Bank of Nova Scotia The

Silver City Sun-News

Washington Federal gives grant check

Washington Federal recently presented a check for $1,000 to Literacy Link Leamos in Silver City.

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Related Topix: Financial Services, Washington Federal, Silver City, NM, Grant County, NM

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