Banking News

Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes.

June 17 - Britain's top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes, who is alleged to have been a central figure in a scam to rig global benchmark interest rates, a source familiar with the situation said on Monday.

With everyone in an uproar over the Fed's perceived communication problem , analysts at Deutsche Bank Securities are out with a note that shows Fed Chairman Ben Bernanke's news conferences do indeed have an impact on the market.

Wall Street is ramping up financing to private-equity firms buying homes to rent, helping them accelerate purchases as competition increases and prices jump.

Natasha Salter, from Stoddens Road, and Clare Kingston, from Lynton Road, travelled from Torquay to Burnham in a tandem bike ride to raise funds for MacMillan Cancer Support.

Former homeowners are seeking class-action status in an ongoing suit against Bank of America Corp., which stands accused of using gift cards, cash bonuses and other means to encourage employees to meet foreclosure quotas.

ANZ Banking Group and Macquarie Bank will have to set aside up to $S300 million each after being caught up in Singapore's rate-rigging scandal.

Newcrest Mining Ltd. , Australia 's largest gold producer, is facing scrutiny from regulators about its disclosure of a possible A$6 billion writedown after bullion slid into a bear market.

The 47-year-old West Scranton resident juggles the doctors appointments, dance recitals, track meets and concerts.

Is it not a saying of Moses, "Who am I, that I should go in and out before this great People?" When I consider the great events which are passed, and those greater which are rapidly advancing, and that I have been instrumental in touching some springs, and turning some small Wheels, which have had and will have such Effects, I feel in Awe upon my ... (more)

The United States Attorney's Office announced 23-year-old Jason Berg was arrested and charged by criminal complaint with committing the robberies.

Editor's Introduction: A research team at the Federal Reserve Bank of St. Louis recently published a very interesting and instructive paper that seeks to answer the question of how community banks can make it, going forward.

Remember when IBM's supercomputer competed and won on Jeopardy! not too long ago? Now Citigroup has entered into an agreement with IBM to explore possible uses for IBM Watson that could help advance customer interactions and improve and simplify the banking experience.

Sen Charles Grassley is probing longtime Hillary Rodham Clinton aide's employment status, asking how Huma Abedin got a sweetheart deal as a private six-figure consultant while at the State Department.

A top commander whose Nazi SS-led unit is blamed for burning villages filled with women and children lied to American immigration officials to get into the United States, according to evidence uncovered by The Associated Press.

The city has been invited to join San Jose and Santa Clara in a nonprofit organization that aims to partner with businesses and use high-tech tools to help cities improve delivery of public services.

The revelation that a top former commander of a Nazi SS-led military unit has lived quietly in Minneapolis for the past six decades came as a shock to those who knew 94-year-old Michael Karkoc.

JPMorgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest U.S. bank increases its focus on client businesses.

JPMorgan Chase & Co must face a lawsuit accusing the largest U.S. bank of illegally imposing marked-up or unnecessary fees on delinquent mortgage borrowers, a federal judge ruled.

Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents.