Banking News

Commodity Futures Trading Commission chief Gary Gensler has convinced regulators to insert new language into the Volcker rule restricting foreign banks from evading the rule, Bloomberg reported on Friday.

Top U.S. cable provider Comcast Corp has tapped JP Morgan Chase & Co for advice as it evaluates a potential bid for Time Warner Cable Inc, people familiar with the matter said.

German postal provider Deutsche Post listed on the sharemarket in 2000 and in 2002 achieved full control of international package and logistics company DHL.

A top Federal Reserve official, who has been one of the most ardent supporters of the U.S. central bank's bond-buying stimulus program, said he was open to curtailing the purchases this month, although he would prefer to wait.

General Electric Co has agreed to pay as much as $18.25 million to settle a class action lawsuit accusing it of rigging bids for municipal securities, court papers filed on Friday show.

The Greeneville Sun reports Greene and Washington county rescue squads tried to reach the person overnight but weren't successful.

Canada's big banks reported record annual profits for 2013, buoyed by a strong domestic banking market, but stormier seas may lay ahead as they head into next year.

Bank of Nova Scotia a record annual profit of nearly $6.7 billion in 2013 but its fourth-quarter core earnings came in slightly below some analyst estimates.

Hackers gained access to the personal information of about 26,000 Pennsylvanians who use debit cards to receive jobless and workers' compensation benefits, the Pennsylvania Treasury Department said Thursday.

The Los Angeles city attorney sued Wells Fargo and Citigroup on Thursday, alleging the companies engaged in mortgage discrimination that led to a wave of foreclosures in minority communities during the housing crash.

A U.S. judge is considering an alternative that could result in Bank of America Corp paying much less than the $863.6 million the government is seeking as a penalty for the sale of defective mortgages before the financial crisis.

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A man looks at a display in a shoe store in Madrid, Spain, Wednesday, Dec. 4, 2013.

Royal Bank of Canada president and CEO Gordon Nixon announced Thursday that he will retire on Aug. 1, 2014 after 13 years as head of Canada's largest bank.

The Canadian Imperial Bank of Commerce is opening a branch inside Toronto's Pearson airport in a bid to draw in travellers and newcomers.

JPMorgan Chase & Co is warning some 465,000 holders of prepaid cash cards issued by the bank that their personal information may have been accessed by hackers who attacked its network in July.

Wall Street banks, which already shut proprietary trading units that helped fuel record profits, are girding to learn next week how much revenue the Volcker rule may cut from the $44 billion they say comes from market-making.

A new firm formed by former distressed debt executives from Barclays is preparing to hit the fundraising trail in search of about $1 billion, according to two people with knowledge of the situation.

The Toronto stock market closed lower Wednesday as the initial run of earnings from the big Canadian banks failed to impress and persuaded investors to take some profits from a sharp runup in banks and insurers this year.

Fifth Third Bancorp , a large U.S. midwest regional bank, agreed to pay $6.5 million to settle U.S. Securities and Exchange Commission charges that it accounted improperly for troubled commercial real estate loans during the 2008 financial crisis, reducing its reported loss.