Banking News

The July 5, 2012 file photo shows a sunflower sitting in front of the Euro sculpture in Frankfurt, Germany.

Lower than expected inflation will allow the Reserve Bank of Australia to keep the cash rate at a record low 2.5 per cent.

Asked at an annual meeting of shareholders whether Citigroup is too big to manage, Chairman Mike O'Neill said the task "is certainly harder" for its size and that the company has more years of work in a drive to reduce risk and complexity that started when the company was bailed out in the financial crisis.

Regional bank Trustmark Corp. says profit in 2013's fourth quarter rose 17 percent from the same three months of 2013, aided by gains from an earlier merger.

This combination of photos provided by the Federal Bureau of Investigation shows William James Vahey in 2013, left, and 2004.

Former Deutsche Bank AG salesman Shigeru Echigo admitted to bribery charges in Tokyo and said he acted on instructions from his managers, as authorities push brokerages to be more judicious in entertaining clients.

While the talks between Pfizer, the world's biggest drugmaker, and $87 billion AstraZeneca have fizzled, an analyst at Citigroup Inc. expects Pfizer to approach the company again, or AstraZeneca could opt to merge with another peer such as Amgen Inc. as a defense tactic.

All of t... )--Equity LifeStyle Properties, Inc. today announced results for the quarter ended March 31, 2014.

NewBridge Bank, headquartered in Greensboro, will reduce 5 percent of its work force as it realigns its branch banking model.

Northwest Bancshares, among the largest financial institutions serving Pittsburgh, Monday announced first quarter 2014 profits of $14.6 million, or 16 cents per share, down from $15.3 million, or 17 cents per share, a year ago.

BancorpSouth posted quarterly profit Monday of $28.4 million, or 30 cents per share.

U.S. stock index futures were very slightly higher on Monday as investors found few reasons to keep buying following a strong rally last week and ahead of a heavy week of corporate earnings releases.

The Federal Reserve Bank of New York says a third of small businesses in tri-state Superstorm Sandy disaster areas reported financial losses a year later.

'It's miraculous': Stowaway, 16, walks away unharmed despite flying more than five hours from California to Hawaii in plane WHEEL WELL after running away from home Easter morning horror as sleeping girl, 16, is crushed to death when 'drunk' neighbor crashes his SUV through her bedroom at 80MPH 'Unforgivable, murderous acts': South Korean President ... (more)

The fluctuating loonie may actually have little impact on most Canadian businesses, suggests a new survey by the Bank of Montreal .

Jacques de Larosiere says he is an isolated and modest man. Yet the 84-year-old former head of the International Monetary Fund is one of the most influential voices in European and global finance.

Asian dollar bonds are expected to perform better than local debt for a fourth year as a recovering U.S. economy boosts the greenback against emerging-market currencies, Manulife Asset Management says.

The Charlotte Fire Department responded to a roof collapse on Sunday afternoon at a Charlotte Bank of America branch.

Barclays is planning to withdraw from parts of the metals, agricultural and energy markets, echoing moves by other major players like JPMorgan Chase and Morgan Stanley away from the commodities business, the Financial Times reported on Sunday.

The South State Bank logo will replace SCBT in June. First Federal's branches will make the switch in July.