Banking News

When I look at Citigroup Inc , I can't help but think of something that Peter Lynch said about Fannie Mae years ago.

The amount of dollar-denominated bonds issued by companies in Asia is growing almost 10 times faster than the global corporate debt market , raising concern that investors are lowering their standards as they seek to take advantage of the region's relatively high yields.

Wells Fargo & Co. , the largest U.S. home lender and the nation's most valuable bank, closed at a record high yesterday as strength in the economy and housing markets spurred buyers.

A man walks past a sign welcoming Facebook to the NASDAQ Marketsite in New York May 18, 2012.

Transocean Ltd. shareholders voted in favor of one of billionaire investor Carl Icahn 's three board nominees, while rejecting his dividend plan in favor of a lower payout supported by the company.

Another bank branch bites the dust. Three and counting among PNC Financial 's branches in Central Pennsylvania.

SAN JOSE, Calif. - The Canadian government has launched an aggressive campaign to lure Silicon Valley tech workers frustrated by U.S. visa policies northward, just as Congress wrestles with a long-sought overhaul of America's immigration system.

The U.S. Federal Reserve Board said it has told Bank of Montreal to step up efforts to detect and prevent money laundering at the Canadian bank's Chicago branch.

Asian stock markets were mixed in holiday-thinned trading Friday as investors digested a slew of disappointing economic data and corporate results from the U.S. Applications for unemployment benefits jumped to their highest level in six weeks, the U.S. Labor Department reported Thursday, while manufacturing slowed in the mid-Atlantic region.

Two are being closed in Maryland, both in the Annapolis area, the Baltimore Business Journal reported .

MINNEAPOLIS – Two Minnesota women convicted of conspiring to send money to al-Shabab in Somalia were given prison sentences in federal court Thursday, ending a week of punishments tied to long-running investigations into terrorism recruiting and financing for the terrorist group.

JP Morgan Chase named Claire Huang its first-ever CMO last August , poaching the marketing veteran from an executive position with competitor Bank of America.

Vikram Pandit, who resigned from Citi last October, will also become non-executive chairman of JM Financial's banking arm if it succeeds in getting a banking licence, the company said.

America's largest bank is putting a commercial banking office in Bank of America's backyard.

Overall, the number of students who are at least 90 days late on student loan payments has increased to 11.7 percent, up from 8.5 percent in 2011, according to a recent study by the Federal Reserve Bank of New York.

Buffalo police said Wednesday that they are seeking the public's help in locating a person of interest in connection with the May 6 bank robbery that occurred at the M&T Bank located in the 400 block of William Street.

Lawyers for JPMorgan Chase & Co. are asking financial news and data company Bloomberg LP to turn over any records it has of reporters looking up the log-in and usage data of JPMorgan employees.

HSBC Holdings Plc , Europe's largest bank, will eliminate as many as 14,000 more jobs as Chief Executive Officer Stuart Gulliver set out plans to cut an additional $3 billion of costs as he tries to revive profitability.

Many consumers simply don't realize how vulnerable their Androids, iPhones and other devices can be.

Wall Street resumed its climb to new records, underpinned by the confidence that central banks around the world are supporting growth.