Banking News

Bank of America Corp on Tuesday named Rodrigo Xavier as the top executive for its wholesale and investment banking unit in Brazil, where the second-largest U.S. lender has enjoyed fast growth in recent years.

Yet another recession-triggered split in the consumer sector is becoming more evident: Higher job security among those with a job versus dwindling hope for the long-run unemployed.

Top Citigroup Inc executives Manuel Medina-Mora and Brian Leach are taking the lead on an internal probe into alleged fraud at the U.S. bank's Mexican unit Banamex, the Wall Street Journal reported, citing people familiar with the matter.

Ballard Power Systems Inc. . Industrial products. Down $1.98, or 25.95 per cent, to $5.65 on 9.9 million shares.

Some recent reports from BMO, RBC and tax expert H&R Block indicate that more Canadians are holding RRSPs and Tax Free Savings Accounts , are contributing more to them and would prefer to tuck money away for retirement than reduce current debt levels.

A screenshot from "Wells Fargo Stories" shows a video about a small-business owner who found assistance at Wells Fargo.

Steven Schoenfeld staked his career on a single belief in 2010: there was latent demand in the U.S. Jewish community to invest in Israeli stocks.

Therese Esperdy, a 17-year JPMorgan Chase & Co. veteran, suffered what she called "initial shock" in her first few weeks in Asia after three people told her some clients don't want to pay merger-advisory fees.

Capacity, measured in ASKs --WGL Holdings, Inc. , through its subsidiary, Washington Gas Energy Systems , announced a 2.6 megawatt Bloom Energy project in Santa Clara C... )--Fitch Ratings has affirmed the 'BBB-' rating on the North Tarrant Express Mobility Partners, LLC's approximately $400 million senior lien revenue bonds issued by ...

Euro zone governments edged closer on Monday towards a deal on how to wind down failing banks, but reached no conclusions and more negotiations will take place on Tuesday to address demands of the European Parliament.

JPMorgan Chase & Co.' s target price suggests a potential upside of 1.51% from the stock's previous close.

Banks in the eurozone are now more exposed to government debt than at any time since the financial crisis began, with many increasingly using their balance sheets to prop up ailing governments, deepening the bank-sovereign link that has already pushed a number of countries and lenders into bailouts.

Finance Minister Yannis Stournaras was in Brussels on Monday to attend a meeting of eurozone finance ministers without a deal between Athens and the troika that would help unlock bailout funding worth some 9 billion euros.

Fifteen Central Park West is New York's most exclusive address, an aerie of hedgefunders and celebrities, where a penthouse costs $40 million - and a wine cellar costs $80,000 more.

's stock had its "neutral" rating reaffirmed by JPMorgan Chase & Co. in a research note issued on Tuesday, Analyst RN reports.

The new account is being offered in five states, as well as Washington, D.C. For a flat $4.95 monthly fee, the account doesn't support overdraft fees; if the account level drops too low, transactions simply won't be completed.

You sink in debt, the holiday bills are now overdue and there seems no way to resurface financially.

Professor of Economics at UCD Morgan Kelly has warned that the European Central Bank is planning a "clean-up" of Irish banks which will see large numbers of small and medium-sized businesses go under.

The email from the bank was unexpected. Laura Benson got an increase in her small-business credit line.

Susquehanna Bank recently announced that Kelsi Waltemire has joined the company as the sales and marketing specialist in the central Maryland and southern Pennsylvania region in the retail and commercial departments.