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Banking News

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

1 hr ago | The Hartford Courant

Insight: Why Citi wants to rack up U.S. taxes

Over the past few years, Citigroup Inc has been grappling with an unusual problem - how to incur more U.S. taxes.

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

3 hrs ago | MSN Money

British prosecutor to charge central Libor suspect: source

June 17 - Britain's top fraud prosecutor is poised to bring criminal charges against former Citigroup Inc and UBS AG trader Thomas Hayes, who is alleged to have been a central figure in a scam to rig global benchmark interest rates, a source familiar with the situation said on Monday.

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Related Topix: Financial Services, Citigroup

7 hrs ago | MarketWatch

Proof that Bernanke news conferences impact the market

With everyone in an uproar over the Fed's perceived communication problem , analysts at Deutsche Bank Securities are out with a note that shows Fed Chairman Ben Bernanke's news conferences do indeed have an impact on the market.

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Related Topix: Deutsche Bank AG, Financial Services

11 hrs ago | The Washington Post

Wall Street Lending Rises For Private Equity Rentals: Mortgages

Wall Street is ramping up financing to private-equity firms buying homes to rent, helping them accelerate purchases as competition increases and prices jump.

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Related Topix: Home, Mortgage, Personal Finance, Deutsche Bank AG, Financial Services, Housing, Foreclosures, Silver Bay, NY

15 hrs ago | This is The West Country

Burnham pair's cycle challenge raises more than 1,000 for charity

Natasha Salter, from Stoddens Road, and Clare Kingston, from Lynton Road, travelled from Torquay to Burnham in a tandem bike ride to raise funds for MacMillan Cancer Support.

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Related Topix: Financial Services, Nationwide Building Society

19 hrs ago | Business Journal

Bank of America gave bonuses for hitting foreclosure quotas, suit alleges

Former homeowners are seeking class-action status in an ongoing suit against Bank of America Corp., which stands accused of using gift cards, cash bonuses and other means to encourage employees to meet foreclosure quotas.

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Related Topix: Bank of America, Financial Services

23 hrs ago | Sunday Mail

ANZ, Macquarie Bank in rate probe

ANZ Banking Group and Macquarie Bank will have to set aside up to $S300 million each after being caught up in Singapore's rate-rigging scandal.

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Related Topix: Financial Services, Macquarie Bank

Sun Jun 16, 2013

Bloomberg

Newcrest Facing Questions About June 7 Disclosure of Writedown

Newcrest Mining Ltd. , Australia 's largest gold producer, is facing scrutiny from regulators about its disclosure of a possible A$6 billion writedown after bullion slid into a bear market.

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Related Topix: Newcrest Mining, Mining, Insurance, Financial Services, Citigroup, Credit Suisse Group, Real Estate, Freeport

The Times-Tribune

More dads raising children on own

The 47-year-old West Scranton resident juggles the doctors appointments, dance recitals, track meets and concerts.

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Related Topix: Scranton, PA, Financial Services, Northeast Pennsylvania Financial, Family, Kids

Salon

Joseph Ellis: 1776, the summer America was born

Is it not a saying of Moses, "Who am I, that I should go in and out before this great People?" When I consider the great events which are passed, and those greater which are rapidly advancing, and that I have been instrumental in touching some springs, and turning some small Wheels, which have had and will have such Effects, I feel in Awe upon my ... (more)

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Related Topix: Financial Services, Abigail Adams National Bancorp, Philadelphia, PA

WKBW

Buffalo Man Arrested in Connection to Two Bank Robberies

The United States Attorney's Office announced 23-year-old Jason Berg was arrested and charged by criminal complaint with committing the robberies.

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Related Topix: Criminal Defense Law, Law, MT Bank, Financial Services, Aspect Communications, Software

ABA Banking Journal

Banking Future: Day of the Tortoise?

Editor's Introduction: A research team at the Federal Reserve Bank of St. Louis recently published a very interesting and instructive paper that seeks to answer the question of how community banks can make it, going forward.

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

ABA Banking Journal

Citi and IBM to explore Watson applications for banking

Remember when IBM's supercomputer competed and won on Jeopardy! not too long ago? Now Citigroup has entered into an agreement with IBM to explore possible uses for IBM Watson that could help advance customer interactions and improve and simplify the banking experience.

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Related Topix: Science / Technology, High Performance Computing, Financial Services, Citigroup

Sat Jun 15, 2013

Free Republic

Politician seeks answers on Weiner wife Huma Abedin's private consulting gig

Sen Charles Grassley is probing longtime Hillary Rodham Clinton aide's employment status, asking how Huma Abedin got a sweetheart deal as a private six-figure consultant while at the State Department.

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Related Topix: Hillary Clinton, US Politics, US News, Bill Clinton, History in the News, Reserve Bank of Australia, Financial Services, Economics News, Bankruptcy

Vancouver Sun

Commander in Nazi SS-led unit linked to atrocities living in Minnesota; revelation spurs shock, anger

A top commander whose Nazi SS-led unit is blamed for burning villages filled with women and children lied to American immigration officials to get into the United States, according to evidence uncovered by The Associated Press.

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Related Topix: US Bancorp, Financial Services, Europe, World News, Poland

Contra Costa Times

Fremont joins San Jose, Santa Clara in nonprofit tech group partnership

The city has been invited to join San Jose and Santa Clara in a nonprofit organization that aims to partner with businesses and use high-tech tools to help cities improve delivery of public services.

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Related Topix: Santa Clara, CA, San Jose, CA, Financial Services, Silicon Valley Bancshares

KTEN-TV Denison

Shock lingers after Nazi unit leader found in US

The revelation that a top former commander of a Nazi SS-led military unit has lived quietly in Minneapolis for the past six decades came as a shock to those who knew 94-year-old Michael Karkoc.

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Related Topix: Financial Services, US Bancorp, Natural Disasters, Wildfire, Fire

Reuters

JPMorgan's private equity unit to become independent

JPMorgan Chase & Co said on Friday its private equity unit, One Equity Partners, will become independent, as the largest U.S. bank increases its focus on client businesses.

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Related Topix: JP Morgan Chase

Fri Jun 14, 2013

The Hartford Courant

JPMorgan must face lawsuit challenging mortgage fees

JPMorgan Chase & Co must face a lawsuit accusing the largest U.S. bank of illegally imposing marked-up or unnecessary fees on delinquent mortgage borrowers, a federal judge ruled.

Comment?

Related Topix: Home, Mortgage, Personal Finance, JP Morgan Chase , Oakland, CA

Silicon Alley Insider

Former Workers Allege Bank Of America Lied To Home Owners And...

Six former Bank of America Corp employees have alleged that the bank deliberately denied eligible home owners loan modifications and lied to them about the status of their mortgage payments and documents.

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

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