Banking News

Mechanics Bank President and CEO Christa Steele is making her mark on the $3 billion community bank.

A former Bank of America trading desk manager will not serve prison time for his role in a scheme to falsify municipal bond records, a federal judge ruled Friday.

Lakeland Financial Corp. on Friday reported second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase over the $9.2 million, or 56 cents a share, posted for the same three months of 2013.

A market trading unit of Citigroup Inc. has agreed to pay $5 million to settle federal civil charges that it failed to protect its customers' confidential trading data.

Saying more funding is needed to save wild areas in Silicon Valley amid steady development pressure, the board of the Santa Clara County Open Space Authority has placed a parcel tax on the November ballot.

Courtesy of the Alabama National Guard Brig. Gen. Charles Gable, right, the Alabama National Guard's assistant adjutant general, passes the 226th Maneuver Enhancement Brigade flag to Col.

Lakeland Financial Corp. today reported record second-quarter earnings of $11.3 million, or 68 cents per diluted common share, a 22 percent increase from the $9.2 million, or 56 cents a share, posted for the same three months of 2013.

A 35-year-old man who was being treated in an intensive care unit at the general hospital of Larissa, central Greece, for gunshot injuries suffered at christening last Sunday, died on Friday.

Wells Fargo Bank provided a $27.2 million construction loan to renovate a Fort Lauderdale shopping center to accommodate Trader Joe's as a tenant.

Hal Brown , CEO of Eugene-based Pacific Continental Corp., the parent company of Pacific Continental Bank , said Thursday he'll retire at the end of the year.

Bank of Nova Scotia has reached a tentative settlement in a long-standing class action lawsuit launched by current and former employees who argue they are owed years of overtime pay.

The Commonwealth Bank's boss, Ian Narev, recently noted that the financial fallout from the bank's financial advice scandal had not been significant and it's probably fair to say that in the longer term it won't sustain any real brand damage.

Scotiabank has agreed to settle an overtime class action lawsuit involving some of its retail branch bank employees.

Euro zone bond yields edged up on Thursday as investors saw better-than-expected economic data as quelling the need for the European Central Bank to loosen monetary policy further.

An artist's installation shows pre-foreclosed homes in Newark, N.J., in July 2009 at the Queens Museum of Art in New York City.

The European Central Bank says contact data have been stolen from a database that serves its public website, though it's stressing that no internal systems or market-sensitive data were compromised.

Submitted photoThe United States Small Business Administration recently honored Community Trust Bank as the "2014 SBA West Virginia Community Bank Lender of the Year."

Note that you can only reproduce articles signed "[journalist], swissinfo.ch" If you wish to use more articles per week, please feel free to contact us France probes UBS over alleged tax evasion 23.15.2014 Swiss bank UBS was placed under formal investigation in France on Wednesday over allegations that it had helped wealthy French customers evade ... (more)

Security Service Federal Credit Union has broken ground on a new freestanding branch at 6907 North Loop 1604 East.

Citizens Financial Group says it has hired Anthony Bedikian as managing director of global markets for its Boston-based commercial banking business.