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Banking News

Banking news continually updated from thousands of sources around the net.

2 hrs ago | Business Journal

Wells Fargo makes $27M construction loan to pave way for Trader Joe's

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.

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Related Topix: Wells Fargo , Financial Services, Fort Lauderdale, FL, Home, Mortgage, Personal Finance

6 hrs ago | Business Journal

Pacific Continental CEO retiring, current COO steps in

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.

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Related Topix: Financial Services, Pacific Continental Corporation Ore, Eugene, OR

Thu Jul 24, 2014

The Globe and Mail

Scotiabank settles class action on overtime pay

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.

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Related Topix: Financial Services, Bank of Nova Scotia The, Home, Mortgage, Personal Finance

Sydney Morning Herald

Macquarie cops scandal fallout

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.

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Related Topix: Financial Services, Macquarie Bank

Brandon Sun

Settlement reached in Scotiabank overtime case involving retail branch workers

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

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Related Topix: Financial Services, Bank of Nova Scotia The

Reuters

Euro zone bonds yields rise on strong data, dulling QE prospects

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.

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Related Topix: Financial Services, European Central Bank

GPB.org

How High Debt From The Housing Collapse Still Stifles Our Economy

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.

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Related Topix: Newark, NJ, Foreclosures, Paterson, NJ, Home, Mortgage, Personal Finance

The Washington Post

European Central Bank in database security breach

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.

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Related Topix: Financial Services, European Central Bank, World News

Williamson Daily News Online

Community Trust honored as 'bank lender of the year'

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

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Related Topix: Small Business, Personal Finance, Financial Services, Southern Community Bancorp, West Virginia, Morgantown, WV

Wed Jul 23, 2014

Swissinfo

France probes UBS over alleged tax evasion

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)

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Related Topix: Financial Services, Ubs Ag

Business Journal

Construction commences on new SSFCU branch

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

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Related Topix: Financial Services, Security Service Federal Credit Union, North Loop, TX

Business Journal

Citizens hires Bedikian to head Boston-based commercial markets team

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

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Related Topix: Financial Services, Citizens Financial Group

Brandon Sun

HBC to close two Home Outfitters locations, as it expands digital offering

Hudson's Bay Co. is shuttering two Home Outfitters locations as it focuses on making more of its products available online.

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Related Topix: HSBC Holding, Retail, Hudsons Bay, Canada,

TheStreet.com

Why TheStreet Ratings Team Rates Bank of America (BAC) Stock a 'Buy'

"We rate BANK OF AMERICA CORP a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.

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Related Topix: TheStreet, Bank of America, Financial Services, Financial Markets

Washington Examiner

Board to consider wetlands license for Cove Point

The Maryland Board of Public Works is scheduled to consider a wetlands license for Dominion Resources, as it works toward building a liquefied natural gas export facility in Calvert County.

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Related Topix: Financial Services, Dime Community Bancshares, Dominion East Ohio, Dominion Corp, Dominion Resources Black Warrior Trust, Energy, Oil & Gas, Calvert County, MD, Patuxent River, MD

Tue Jul 22, 2014

AME Info

HSBC Bank Oman posts Q2 2014 results

HSBC Bank Oman S.A.O.G. announced a net profit of RO5.7m for the first half of 2014.

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Related Topix: Financial Services, Hang Seng Bank

Business Journal

EagleBank has record quarter with assets approaching $4 billion

Bethesda-based Eagle Bancorp Inc. had record quarterly earnings as a jump in net interest income more than offset a decline in mortgage originations.

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Related Topix: Eagle Bancorp, Financial Services, Bethesda, MD, Home, Mortgage, Personal Finance

Reuters

NY Fed found serious problems at Deutsche Bank's U.S. arms: WSJ

The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, inadequate auditing and oversight and weak technology, the Wall Street Journal reported.

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Related Topix: Deutsche Bank AG, Financial Services, Federal Reserve Bank of New York, Bank of New York

Russia Taday

Elderly veteran arrested for asking gov't officials to speak louder

A 76-year-old military veteran was arrested for disorderly conduct at a public county board meeting for asking officials to speak up when they refused to use the microphones.

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Related Topix: Greene County, TN, Greeneville, TN, Bybee, TN, Greene County Bancshares, Financial Services, Cocke County, TN

Business Journal

Bank of America picks Countrywide vet Steve Boland to run home-loans unit

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

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Related Topix: Bank of America, Financial Services, Home, Mortgage, Personal Finance

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