Banking News

PLC said Monday that John Thornton, a director who played a pivotal role in a 2010 power struggle at the bank, will step down this month to spend more time on other business interests.

Jamie Dimon not only survived a much-hyped effort to oust him as chairman of J.P. Morgan Chase & Co.

At the bank's annual meeting, 32 percent of shareholders voted for a measure that would have required the bank to split the roles.

Wells Fargo & Co. , JPMorgan Chase & Co. and Citigroup Inc. have nearly halted foreclosure sales after federal regulators revised orders on how the troubled borrowers were to be treated before losing their homes.

A large fire that broke out in the hotel Astir in the western port of Patra on Tuesday was brought under control by a unit of 30 firefighters manning 10 fire engines.

Bank of America Corp. sold the first structured notes tied to GreeceA's largest refiner, Hellenic Petroleum SA, as investors bet on a recovery in the nation at the heart of EuropeA's debt crisis.

A delegation of technocrats of the troika of the European Commission, the European Central Bank and the International Monetary Fund will arrive in Athens on June 4 to assess Greece's progress, reports said Tuesday.

An employee counts U.S. dollar banknotes as yuan banknotes are seen at a branch of the Industrial and Commercial Bank of China in Huaibei, Anhui province in this May 25, 2010 file photo.

A number of other firms have also recently commented on IBKC. Analysts at Stephens upgraded shares of IBERIABANK from an "equal weight" rating to an "overweight" rating in a research note to investors on Monday.

The Japanese yen lost ground Tuesday following fresh remarks by Japan's economic minister about the currency's recent price levels.

A second bank was robbed in the Charlotte area on Monday morning. The Iredell County Sheriff's Office said the Bank Of America on North Main Street in Troutman was robbed by two men around 9:30 a.m. The armed men fled with $5100 in cash in a gray Buick Century that was reported stolen in Charlotte early Monday morning, police say.

Experts and senior analysts from HSBC discussed how China's businesses and Renminbi currency are playing an increasingly important role in world trade during a seminar organized for HSBC Bank Oman's corporate clients.

Federal Reserve Bank of Dallas President Richard Fisher speaks about the concept of breaking up 'too big to fail' banks to a breakout group at the Conservative Political Action Conference in National Harbor, Maryland, March 16, 2013.

Goldman Sachs Group Inc. is selling its entire stake in Industrial & Commercial Bank of China Ltd.

Kate Mann poses with her fourth-grade class at Lafayette Meadows Elementary. Mann was named the Teacher Honor Roll winner for the week.

Total outstanding student-loan debt stood at $986 billion at the end of the first quarter of this year, according to the Federal Reserve Bank of New York .

Jamie Dimon faces another attempt at Tuesday's shareholder meeting to split his duties as chairman and chief executive of J.P. Morgan Chase & Co.

Everyone has read about the customer service horror stories that plague every industry in existence.

For the fourth week in a row, the stock market climbed to fresh record highs last week on signs of improvement in the U.S. economy.

But because of about $28,000 in student loans, which she's paid down to about $17,000, the 2010 Xavier University graduate will continue living paycheck to paycheck.