Banking News

Swiss banking giant UBS AG has reported a 15 per cent jump in second-quarter net profit from a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises despite a tough market environment.

The sale of the 19-story 281,187-square-foot office building at 201 E. Kennedy Blvd. closed Monday, CBRE Group Inc. confirmed to the Tampa Bay Business Journal .

The growth of Birmingham banks, specifically Regions Bank , has helped the area maintain its status as a banking hub despite a decade of significant change for its bank scene.

Greece wants the European Central Bank's health checks on its four biggest banks later this year to take account of their new restructuring plans rather than being based on last year's balance sheet data alone, a Greek finance ministry official said on Monday.

The Advocate reports that Lafayette-based MidSouth's president and CEO said strong loan growth and improvements in efficiency and operating earnings helped drive second-quarter results.

The Securities and Exchange Commission has charged a Citigroup business unit operating an alternative trading system with failing to protect the confidential trading data of its subscribers.

The ambitious technology infrastructure overhaul announced by First Niagara Financial Group Inc. in January is already improving some of the company's operations.

The Bank of Montreal report, titled "Living to 100: The Four Keys to Longevity," found that 74 per cent of those recently polled foresee medical costs as their biggest expense in their senior years.

A nine-year-old boy has been killed in a village in central Greece after a plane tree collapsed on top of him.

As a result of the questioning regarding potential conflicts of interest, the New York-based bank has sharpened its disclosures to clients, the newspaper said, citing sources.

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.