Banking News

Security Service Federal Credit Union has broken ground on a new freestanding branch at 6907 North Loop 1604 East.

Citizens Financial Group says it has hired Anthony Bedikian as managing director of global markets for its Boston-based commercial banking business.

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

"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.

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.

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

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

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.

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.

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.

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.

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.

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.

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.

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.

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 .

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

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.

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

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.