Banking News

National Australia Bank has agreed to sell a 625 million parcel of distressed loans from its UK commercial real estate portfolio to an affiliate of New York-based buyout group Cerberus Global Investors.

The kiwi traded at 85.63 US cents at 8am from 85.51 cents on Friday in New York and 85.73 cents at 5pm in Wellington.

With power generation at the Ratnagiri Gas and Power grinding to a halt in the absence of natural gas, lenders to the project may consider a further conversion of debt into equity to help the company tide over the crisis, Arundhati Bhattacharya, chairperson of State Bank of India, told FE, adding that the portion of debt, that got converted into ... (more)

When senior executives at Deutsche Bank AG describe a blueprint for the bank's future, they hark back to the 2012 sale of a Hawaiian island by U.S. billionaire David Murdock.

As train ridership grows, WANE-TV examines passenger train service in Northeast Indiana and a proposal to bring high speed rail to Fort Wayne.

The One Day of Community Celebration sponsored by the Manchester Christian Church and the NH Fisher Cats drew hundreds of Manchester city students and their families to Sheridan-Emmett Park on Beech Street in Manchester Saturday morning to receive backpacks loaded with school supplies and enjoy a festival celebration with music, food and games.

Not long after the form letters arrived from Dominion Resources in May, Johnston County residents discovered fluorescent orange tape flapping from tree limbs in their yards.

Naugatuck resident Dean Lebreiro, an athlete with the International Natural Bodybuilding and Fitness Federation, placed fourth in the Master's Men over 40 class and fifth in the Open Light Heavyweight class at the Fulton Fitness Natural Connecticut Bodybuilding Championship June 14 in New Haven.

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.