Banking News

Most Wall Street firms have spent the past few years shedding businesses that clearly don't comply with Volcker, which is supposed to limit the banks' ability to make money on risky, in-house trading.

Deutsche Bank on Monday named 43-year-old Thomas Poppensieker as head of a new effort to tighten controls at Germany's flagship lender, reporting directly to co-Chief Executives Juergen Fitschen and Anshu Jain.

HSBC Holdings Plc is considering the flotation of up to 30 percent of its British retail and commercial banking arm, the Financial Times reported, a move that would help it cope with planned new rules that demand that British banks ringfence their retail arms.

The U.S. has said it will continue criminal probes of 14 banks, including Credit Suisse Group AG and Julius Baer Group Ltd., the nation's second- and third-largest wealth managers, while the rest of the industry is able to enter the voluntary program announced on Aug. 29, approved by the Swiss government.

As soon as this week, a quiet Bay Area economist could become one of the most powerful women in the world.

In the past few months, the New York Times has run a series of stories revealing the business practices of JP Morgan in China, where the bank hired the children of the country's elite to get business from the Chinese Government.

's stock had its "underweight" rating reiterated by analysts at JPMorgan Chase & Co.

THE Tasmanian Government has come under pressure to reduce the amount of heavy metal it allows the Rosebery zinc, lead and silver mine to emit as dust.

The Greek government survived a budget vote on Saturday night, hours after international creditors said they would not resume comprehensive negotiations until January, further delaying a fresh tranche of aid for the country.

After busy summer of construction and moving over 40,000 cubic metres of earth, the Crystal Ridge Express opened at 10 a.m. today to a cold crowd of enthusiastic skiers and snowboarders.

Oil and gas companies in Texas and nearby states are expecting continued growth next year, the Federal Reserve Bank of Dallas reports.

In the past 15 years, American print publishers have experienced a massive decline in advertising revenues.

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.