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Banking News

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

2 hrs ago | Brandon Sun

Intact's Q2 profit more than doubles to $215 million as impact of floods recedes

Intact Financial Corp. saw a healthy increase in its second-quarter profits compared with the same quarter last year, when the insurance company was affected by extensive flooding in Alberta.


Related Topix: Financial Services, Irwin Financial

6 hrs ago | Centre Daily Times

U.S. economy grows at scorching 4 percent in 2nd quarter

Offsetting a dismal start to the year, the economy grew at a sizzling rate in the second quarter, powered by what the Bureau of Economic Analysis said were improvements in personal consumption, exports and businesses replenishing their inventories.


Related Topix: Pnc Financial Services GroupThe, Financial Services

8 hrs ago |

Ratings agency: Argentina in 'selective default'

In this Friday, July 25, 2014 photo, pedestrians walk past a branch of the Industrial and Commercial Bank of China, a target for anti-capitalist agitation ever since a 1927 anarchist bombing of what was then a Bank of Boston, in Buenos Aires, Argentina.


Related Topix: Independence Community Bank, Financial Services, Argentina, World News, Financial Markets

10 hrs ago | Reuters

Bank of America ordered to pay $1.27 bln for Countrywide fraud

U.S. District Judge Jed Rakoff in Manhattan ruled nine months after jurors found Bank of America and former Countrywide executive Rebecca Mairone liable for defrauding government-controlled mortgage companies Fannie Mae , and used her maiden name of Rebecca Steele.


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

14 hrs ago |

Dominion 2Q profit falls 21 percent

Dominion Resources Inc. on Wednesday reported profit that declined by 21 percent in its second quarter, and beat analysts' expectations.


Related Topix: Dominion Corp, Financial Services, Dime Community Bancshares, Richmond, VA

16 hrs ago | West Australian

U.S. economy seen regaining muscle in second quarter

U.S. economic growth likely regained steam in the second quarter as activity picked up broadly, which would bolster expectations for a stronger performance in the last six months of the year.


Related Topix: Science / Technology, CPU, Reuters, Financial Services, Pnc Financial Services GroupThe

20 hrs ago |

Mining slowdown hits WA commercial market

THE wind down of the mining investment boom is hurting Western Australia's commercial property market, with growing vacancies in office space.


Related Topix: Financial Services, National Australia Bank

Tue Jul 29, 2014

Bellingham Herald

Metropolitan Museum president announces retirement

Emily Rafferty said Tuesday she will retire at the end of March 2015. She has been president of the museum since January 2005.


Related Topix: Associated Press, Financial Services, Federal Reserve Bank of New York, Bank of New York

The Campbell Reporter

South San Francisco: Homeless man pleads not guilty to attempted robbery at a Wells Fargo Bank

A 42-year-old man pleaded not guilty Monday to trying to rob a Wells Fargo branch in South San Francisco.


Related Topix: San Mateo County, CA, South San Francisco, CA, Wells Fargo , Financial Services


Deutsche Bank's Postbank takeover hit by new regulatory delay

Deutsche Bank's takeover of Postbank was hit with a fresh regulatory delay on Wednesday, when Germany's Federal Supreme Court failed to give final clearance to the deal and instead referred a lawsuit over its terms to an appeals court.


Related Topix: Deutsche Bank AG, Financial Services


Swiss bank UBS reports 2Q net profit jump

A man who was imprisoned 21 years for a rape and murder he didn't commit is set to testify at a first-ever Connecticut hearing to determine how much he should be compensated.


Related Topix: Financial Services, Ubs Ag

KWQC-TV Davenport

Swiss bank UBS reports rise in profit

Most of the 1,200 people driven to evacuate by a Northern California wildfire that destroyed 13 homes have been told they can safely return after a series of steady gains in the firefight.


Related Topix: Financial Services, Ubs Ag, Natural Disasters, Wildfire, Fire, US News, US Supreme Court

Cybercast News Service

Deutsche Bank posts 29 percent net profit drop

Deutsche Bank AG posted a 29 percent drop in second-quarter net profit Tuesday, hit by what it described as higher taxes, declining revenue and political instability affecting the markets.


Related Topix: Deutsche Bank AG, Financial Services

Mon Jul 28, 2014

Brandon Sun

Swiss bank UBS reports 2Q net profit jump, settlement of German case

Swiss banking giant UBS AG has reported a 15 per cent jump in second-quarter net profit from a year ago, driven by strong results from its core wealth management and trimmed-down investment banking franchises despite a tough market environment.


Related Topix: Financial Services, Ubs Ag, UBS Investment Bank, Investment Banking, UBS Financial Services, Investment Services

Business Journal

Exclusive: Fifth Third Center in downtown Tampa sold

The sale of the 19-story 281,187-square-foot office building at 201 E. Kennedy Blvd. closed Monday, CBRE Group Inc. confirmed to the Tampa Bay Business Journal .


Related Topix: Tampa, FL, Hillsborough County, FL, Financial Services, Fifth Third Bancorp

Business Journal

After decade of change, where does Birmingham rank as a banking hub?

The growth of Birmingham banks, specifically Regions Bank , has helped the area maintain its status as a banking hub despite a decade of significant change for its bank scene.


Related Topix: Birmingham, AL, Financial Services, Banco Bilbao Vizcaya Argentaria SA


Greece wants ECB stress tests to factor in banks' restructuring plans, source says

Greece wants the European Central Bank's health checks on its four biggest banks later this year to take account of their new restructuring plans rather than being based on last year's balance sheet data alone, a Greek finance ministry official said on Monday.


Related Topix: Financial Services, European Central Bank

Myrtle Beach Online

MidSouth Bancorp reports earnings increase

The Advocate reports that Lafayette-based MidSouth's president and CEO said strong loan growth and improvements in efficiency and operating earnings helped drive second-quarter results.


Related Topix: MidSouth Bancorp, Financial Services, Myrtle Beach, SC, Business News

Business News

Citigroup unit charged with failing to protect confidential data

The Securities and Exchange Commission has charged a Citigroup business unit operating an alternative trading system with failing to protect the confidential trading data of its subscribers.


Related Topix: Securities and Exchange Commission, Corporate / Securities Law, Law, Financial Services, CitiMortgage, Citigroup

Business Journal

CEO says First Niagara seeing returns on tech investment

The ambitious technology infrastructure overhaul announced by First Niagara Financial Group Inc. in January is already improving some of the company's operations.


Related Topix: Financial Services, First Niagara Financial Group


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