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Banking News

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

2 hrs ago | Brandon Sun

HBC to close two Home Outfitters locations, as it expands digital offering

Hudson's Bay Co. is shuttering two Home Outfitters locations as it focuses on making more of its products available online.

Comment?

Related Topix: HSBC Holding, Retail, Hudsons Bay, Canada,

3 hrs ago | TheStreet.com

Why TheStreet Ratings Team Rates Bank of America (BAC) Stock a 'Buy'

"We rate BANK OF AMERICA CORP a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover.

Comment?

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

7 hrs ago | Washington Examiner

Board to consider wetlands license for Cove Point

The Maryland Board of Public Works is scheduled to consider a wetlands license for Dominion Resources, as it works toward building a liquefied natural gas export facility in Calvert County.

Comment?

Related Topix: Financial Services, Dime Community Bancshares, Dominion East Ohio, Dominion Corp, Dominion Resources Black Warrior Trust, Energy, Oil & Gas, Calvert County, MD, Patuxent River, MD

Tue Jul 22, 2014

AME Info

HSBC Bank Oman posts Q2 2014 results

HSBC Bank Oman S.A.O.G. announced a net profit of RO5.7m for the first half of 2014.

Comment?

Related Topix: Financial Services, Hang Seng Bank

Business Journal

EagleBank has record quarter with assets approaching $4 billion

Bethesda-based Eagle Bancorp Inc. had record quarterly earnings as a jump in net interest income more than offset a decline in mortgage originations.

Comment?

Related Topix: Eagle Bancorp, Financial Services, Bethesda, MD, Home, Mortgage, Personal Finance

Reuters

NY Fed found serious problems at Deutsche Bank's U.S. arms: WSJ

The Federal Reserve Bank of New York has found serious problems in Deutsche Bank AG's U.S. operations, including shoddy financial reporting, inadequate auditing and oversight and weak technology, the Wall Street Journal reported.

Comment?

Related Topix: Deutsche Bank AG, Financial Services, Federal Reserve Bank of New York, Bank of New York

Russia Taday

Elderly veteran arrested for asking gov't officials to speak louder

A 76-year-old military veteran was arrested for disorderly conduct at a public county board meeting for asking officials to speak up when they refused to use the microphones.

Comment?

Related Topix: Greene County, TN, Greeneville, TN, Bybee, TN, Greene County Bancshares, Financial Services, Cocke County, TN

Business Journal

Bank of America picks Countrywide vet Steve Boland to run home-loans unit

Bank of America veteran Steve Boland has been named the new home-loans origination executive for the Charlotte-based bank, filling a newly created position overseeing sales and fulfillment nationwide.

Comment?

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

Reuters

JPMorgan begins to provide consumer help under $13 billion settlement

JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year's $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a monitor of the deal said in a report released on Tuesday.

Comment?

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

The Washington Post

Metal ETFs Lure Investors at Fastest Pace Since '09: Commodities

Investors are buying metals from zinc to aluminum at the fastest pace since 2009, betting demand gains will tighten supply, just as Citigroup Inc. and Macquarie Group Ltd. predict this year's rallies will end.

Comment?

Related Topix: Financial Services, Citigroup, US Global Investors, Investment Services, CitiMortgage, New York, Goldman Sachs, Science / Technology

Mon Jul 21, 2014

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.

Comment?

Related Topix: Financial Services, Arrow Financial

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.

Comment?

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

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.

Comment?

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

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 .

Comment?

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

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.

Comment?

Related Topix: Financial Services, Suntrust Banks

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.

Comment?

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

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.

Comment?

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

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.

Comment?

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.

Comment?

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.

Comment?

Related Topix: Financial Services, First Hawaiian Bank

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