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Banking News

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

2 hrs ago | Albany Times Union

Arrow Financial reports 2014

Arrow Financial Corporation, the holding company for Saratoga National Bank and Trust Company and Glens Falls National Bank and Trust Company, reported a net income of $5.52 million, a 6.1 percent increase from the second quarter of 2013.

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Related Topix: Financial Services, Arrow Financial

6 hrs ago | Business Journal

Northwest 2Q profits slip

Northwest Bancshares Inc., a community bank serving the Pittsburgh region, Monday reported second-quarter net income of $12.7 million, or 14 cents per share.

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Related Topix: Financial Services, Northwest Bancorp, Warren, PA

10 hrs ago | Bellingham Herald

Senate panel: Banks helped hedge funds skirt taxes

The probe by the Senate Permanent Subcommittee on Investigations will be the subject of a daylong hearing on Tuesday and also spells more trouble for the embattled Internal Revenue Service.

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Related Topix: Tax, Financial Services, Deutsche Bank AG, US News, US Senate, Democrat, US Politics, Carl Levin, Home, Mortgage, Personal Finance

11 hrs ago | Business Journal

Fed study: Shorter jobless benefits lead to higher employment

If unemployment benefits were cut off earlier in 2013, the long-term unemployed would have been more likely to be re-employed, according to a study by the Federal Reserve Bank of St. Louis .

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Related Topix: Financial Services, Federal Reserve Bank of St Louis

15 hrs ago | Business Journal

SunTrust profit up 6 percent in second quarter

SunTrust Banks Inc. The Atlanta-based banking company reported its second quarter profit was up 6 percent.

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Related Topix: Financial Services, Suntrust Banks

16 hrs ago | Business Journal

Mortgage, tax charges hit BB&T earnings

BB&T booked net income of $425 million in the second quarter, down from $547 million a year earlier in part due to $88 million worth of mortgage and tax-related reserve adjustments.

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

17 hrs ago | Business Journal

Almost two years later, M&T-Hudson City bank deal hangs in balance

M&T Bank Corp.'s plan to buy Hudson City Bancorp has become the banking industry's largest and longest-pending acquisition.

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Related Topix: Financial Services, Hudson City Bancorp, MT Bank

22 hrs ago | ArkansasBusiness.com

Bank of the Ozarks Responds to 'Say on Pay' Vote

In some ways, the "say on pay" requirement included in the Dodd-Frank Wall Street Reform Act of 2010 seems to be a routine exercise in rubberstamping.

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Related Topix: Bank of the Ozarks, Financial Services, Little Rock, AR

Sun Jul 20, 2014

The Times-Tribune

Massive bust highlights flow of the heroin pipeline

JAKE DANNA STEVENS / STAFF PHOTOGRAPHER Heroin, a gun and packaging material seized during an investigation by detectives with the Lackawanna County district attorney's office in Scranton on June 26. Packets of heroin seized by detectives with the Lackawanna County District Attorney's Office in Scranton on Thursday, June 26, 2014.

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Related Topix: Drugs, Lackawanna County, PA, Scranton, PA, Financial Services, Northeast Pennsylvania Financial

Business Journal

First Hawaiian Bank merchants see 5% increase in Q2

Same-store debit and credit card sales during the second quarter rose 5.03 percent from the same quarter in 2013, according to First Hawaiian Bank's quarterly business activity report.

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Related Topix: Financial Services, First Hawaiian Bank

Myrtle Beach Online

Federal Reserve paints hopeful picture of Gary

The Times reports the bank profiled Gary and nine other Midwestern cities that also suffered major manufacturing job losses in recent decades as part of its Industrial Cities Initiative.

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Related Topix: Federal Reserve Bank of Chicago, Financial Services, Business News

Post and Courier

Charleston's First Federal fades away as South State settles in for long haul

First Federal Savings & Loan Association of Charleston is formed as the holding company in 1983.

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Related Topix: Charleston, SC, Financial Services, First Financial Holdings, North Charleston, SC

Korea Herald

IMF chief says low inflation can hit European growth

IMF chief Christine Lagarde warned on Friday that low inflation could damage growth in Europe and urged the European Central Bank to maintain a flexible policy.

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Related Topix: Financial Services, European Central Bank

The Times

Payday lenders: Lack of oversight by state shameful

It was bad enough when the Legislature didn't pass bills earlier this year to rein in some of the predatory practices of payday lenders in our state.

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Related Topix: Financial Institutions, Financial Services, Bogalusa, LA

Sat Jul 19, 2014

West Australian

Will economy's fate be set by next two weeks' earnings?

A long hoped for improvement in the economy appears to be manifesting itself in second-quarter U.S. earnings, but the next two weeks could be the real test.

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Related Topix: DLP Mobile, Citigroup, Financial Services, Mortgage, Personal Finance, Hospital Administration, Thomson, Media, Medicine, Reuters, Triad Hospitals, Computers, IT Services, Healthcare Industry

TIME.com

These Are the Companies With the Worst Customer Service

When it comes to companies we dread dealing with, we all know who they are. Let's put it this way, would you rather go to the Apple Genius Bar to fix something with your iPhone or to the Bank of America teller to reverse a surprise interest charge? In collaboration with research survey group Zogby Analytics , we polled 2,500 adults about the ... (more)

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Related Topix: iPhone, Wells Fargo , Financial Services, Citigroup, Marketing, Home, Mortgage, Personal Finance

West Australian

Greek banks can handle capital needs in ECB test - rescue fund CEO

Any capital shortfalls that the European Central Bank finds this fall at Greece's four big banks will be manageable, the head of the country's bank bailout fund told Sunday's Kathimerini newspaper in an interview.

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Related Topix: Financial Services, European Central Bank

TheStreet.com

How to 'Piggyback' Nelson Peltz's Interest in Bank of New York

Your browser is not supported. Please upgrade to one of the following browsers: Google Chrome Mozilla Firefox Apple Safari Microsoft Internet Explorer 8+ You may proceed to the site by clicking here , however some pages might not work correctly.

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Related Topix: Financial Services, Bank of New York, Mozilla

Business Journal

Billionaire designer Tory Burch says it pays to be generous, scrappy and a little stubborn

We know Tory Burch - the woman who went from startup founder to billionaire in a mere 10 years - is business savvy.

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Related Topix: New York, Non-Profit, Bank of America, Financial Services

Myrtle Beach Online

Initial public offerings scheduled to debut next week

Hilliard, Ohio, 14.5 million shares, priced $17 to $19, managed by Barclays, Deutsche Bank, and Citigroup.

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Related Topix: Hilliard, OH, Financial Services, CitiMortgage, Citigroup, Goldman Sachs, Investment Services, Cohen Group, Consulting, Stanley

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