Banking News

Wisconsin's largest homegrown bank produced more earnings than expected in the first quarter of this year -- but its profits were still less than a year ago.

The suit says stock exchanges, investment banks and others defrauded investors by manipulating market data in favor of split-second stock-trading firms.

These distributions were declared on February 21, 2014, had an ex-dividend date of March 3, 2014, and were paid on March 19, 2014 to shareholders of record on March 5, 2014.

Kaiser is president, CEO and primary owner of GBK Corp., parent of Kaiser-Francis Oil Company, which he has managed for 40 years.

The difficulties of revamping bank oversight in the wake of the worst financial crisis in generations were palpable at a conference on financial markets this week sponsored by the Federal Reserve Bank of Atlanta.

New York Governor Andrew Cuomo is encouraging job seekers to check out the Jobs Express website , where there are thousands of job openings listed.

Peoples Bancorp today reported second fiscal quarter earnings of $745,652, or 32 cents per diluted common share, a 32 percent hop from the $565,042, or 24 cents a share, posted for the prior year's second fiscal quarter.

A sudden and sharp correction in the housing market could have a devastating impact on the Canadian economy overall, enough to trigger another recession, says a new Bank of Montreal report.

If you are interested in this story, you might be interested in others from The Journal Gazette.

Here's a switch: The bankers are all of a sudden doing worse than the butchers, the bakers, and the candlestick makers.

Fifth Third Bancorp says its first-quarter net income fell 25 percent, mostly on a decline in its investment in its former Vantiv payment-processing subsidiary.

Citigroup Inc , which aspires "to become the world's digital bank", will not webcast its annual meeting next week in St. Louis.

The Federal Reserve indicated to Citigroup Inc that the bank would get more time to fix certain "stress test" planning problems before rejecting its capital plan last month, the Wall Street Journal reported, citing people close to the company.

Regional bank Hancock Holding Co. said Wednesday that it has met efficiency targets nearly a year early, as quarterly profits bounced back thanks to lower expenses.

The bank on Wednesday posted $6 billion of litigation costs for its first quarter, far exceeding the $3.7 billion of settlement costs that investors had previously known about.

Yahoo Inc. jumped Wednesday after the Internet giant reported revenue growth for the first time in more than a year, while Bank of America Corp. shares slipped after the bank said it swung to a loss last quarter.

PNC Financial Services Group Inc. marked its fourth consecutive quarter of profits of at least $1 billion, but President and CEO William Demchak and CFO Robert Reilly were again cautious during a conference call with analysts Wednesday.

Bank of America beat Wall Street Q1 2014 earnings estimates with earnings per share of $0.35 and revenue of $22.8 billion.

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The U.S. Federal Reserve should try to make its communications on the expected path of interest rates more consistent with its policy statements, a top official at the central bank said on Wednesday.