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Banking News

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

27 min ago | Business Journal

PNC 'in pretty good shape,' CEO Demchak says; bank considers special dividend

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.

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Related Topix: Pinnacle Technologies, Startups, Financial Services, Pnc Financial Services GroupThe

4 hrs ago | Albany Times Union

Bank Of America Beats Earnings Estimates But Reports A Loss Of $276 Million

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

4 hrs ago | USA Today

Bank of America shares dip on Q1 loss

Your Take contributions have not been reviewed for accuracy by USA TODAY. Contributors agree to our Terms of Service and are responsible for the content of their videos and photos.

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

4 hrs ago | The Hartford Courant

Fed should try to align projections with policy statement: Lockhart

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.

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Related Topix: Federal Reserve Bank of Atlanta, Financial Services, Ansonia, CT

8 hrs ago | Reuters

Bank of America posts loss as litigation charges weigh

Bank of America Corp posted a first-quarter loss as the No. 2 U.S. bank recorded $6 billion in litigation expenses related to a settlement with the Federal Housing Finance Agency and other mortgage-related matters.

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

10 hrs ago | Wall Street Journal

Smuggling Sparks Questions about Philippine Current Account

Several years of sound economic management have left the Philippines with what appears to be one of the strongest government balance sheets in Asia: a current account surplus of nearly 5% of gross domestic product and enough foreign reserves to cover more than a year's worth of imports.

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Related Topix: Deutsche Bank AG, Financial Services

Tue Apr 15, 2014

GuruFocus.com

U.S. Bancorp: Don't Forget About This Fair-Valued Bank

If you were to survey the field to name major banks, we're guessing that U.S. Bancorp wouldn't top too many lists.

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Related Topix: US Bancorp, Financial Services, Multistat, Wells Fargo , Bank of America, Warren Buffett, Construction, Berkshire Hathaway, Investment Services

PE Hub

Munder, Victory Capital to combine: Sources

Crestview Partners looks like it will be merging Munder Capital Management with another of its portfolio companies, two sources told peHUB .

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Related Topix: Birmingham, MI, KeyCorp, Financial Services

Business News

UBS accused of selling 'rotten' sausage meat

UBS failed to properly disclose risks it took with Swatch Group's funds and should be held responsible for the losses that followed, the watchmaker argued in a Swiss court.

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Related Topix: Financial Services, Ubs Ag

MarketWatch

David Weidner: Banking dominos set to tumble

Jamie Dimon has a message for his bank's investors who may be concerned about rising costs for those struggling to get by: It's not us, it's them.

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Related Topix: JP Morgan Chase , Foreclosures, Home, Mortgage, Personal Finance, Economics News, Bankruptcy

KMIZ

Stocks: Trying to hold on to gains

But the Dow Jones Industrial Average, S&P 500 and the Nasdaq were all in slightly negative territory by 10:30a.m. ET.

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Related Topix: Financial Markets, Johnson & Johnson, Biotech, Johnson and Johnson, Medicine, Johnson and Johnson Merck Consumer Pharmaceuticals, Healthcare Industry, Financial Services, CitiMortgage, Citigroup

Fortune

Citigroup's bad bank is doing better than its good one

On Monday, Citi announced that its earnings in the first quarter were up 3.5% from a year ago to $3.9 billion.

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Related Topix: Financial Services, Citigroup, Home, Mortgage, Personal Finance

Wall Street Journal

Grand Central: Central Bankers To World: Take Our Currencies, Please

"Both history and theory have the same lesson: It is possible to undo what might now appear to be permanent changes."

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Related Topix: Financial Markets, Financial Services, European Central Bank

Mon Apr 14, 2014

Iol.co.za

Wall Street ends up after Citi results

US stocks closed higher on Monday as Citigroup's earnings and strong retail sales gave investors reasons to buy equities despite a resurgence of geopolitical uncertainties.

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Related Topix: Financial Services, CitiMortgage, Financial Markets, Citigroup, Vladimir Putin

Hales Corners

Federal Reserve Bank Details Recovery from the Great Recession

The Federal Reserve Bank of Atlanta released an annual report detailing the country's great recession recovery.

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Related Topix: Federal Reserve Bank of Atlanta, Financial Services

Seeking Alpha

Bank Of America: Don't Be Fooled By Dead Cat Bounce

I am bullish long-term on Bank of America , yet will wait until after earnings to start a position in the stock.

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

CBC News

OSFI tinkers with mortgage insurance standards

Canada's financial regulator is looking to issue new guidelines governing high-risk mortgages in the country's housing market.

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Related Topix: Home, Mortgage, Personal Finance, Financial Institutions, Financial Services, Business News

Norwalk Citizen News

Stocks move higher after a rough week; Citi gains

In this Friday, April 11, 2014 photo, trader Anthony Carannante, left, works on the floor of the New York Stock Exchange.

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Related Topix: Financial Markets, Financial Services, CitiMortgage, Citigroup

The Hartford Courant

Citigroup profit rises on smaller loss from troubled assets

Citigroup Inc reported a better-than-expected quarterly net profit as a smaller loss on its troubled assets made up for weakness in its core trading and lending businesses, pushing up the bank's shares in premarket trading.

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Related Topix: Financial Services, Citigroup, Home, Mortgage, Personal Finance, Ansonia, CT

Business Wire

Press release distribution, EDGAR filing, XBRL, regulatory filings

Our Ref. MG8540 ISIN Code. XS0917073495 INTEREST AMT PE... )--COMMONWEALTH BANK OF AUSTRALIA Issue Of GBP 500,000,000 Floating Rate Notes due July 2014 Series 5433 Tranche 1 MTN ISSUE NAME.

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Related Topix: AB Electrolux, Appliances, Publishing, Media, Modern Times Group MTG AB, Financial Services, InterAmerican Development Bank, Home, Mortgage, Personal Finance

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