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Banking

A collection of news and information related to Banking published by this site and its partners.

Top Banking Articles

Displaying items 1-11
  • Argentine markets fall post-default, New York hearing on Friday

    Argentine markets fall post-default, New York hearing on Friday
    BUENOS AIRES (Reuters) - Argentina's bond and stock markets and peso currency dropped on Thursday after Latin America's No. 3 economy defaulted for the second time in 12 years following the collapse of last-ditch talks with holdout creditors. The default...
  • Overdraft fees risky for consumers, bonanza for U.S. banks: report

    WASHINGTON (Reuters) - Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds. A study by...
  • U.S.-based stock funds attract $7.6 billion over week: Lipper

    NEW YORK (Reuters) - Investors in U.S.-based funds poured a net $7.6 billion into stock funds in the week ended July 30 on optimism that U.S. stocks could climb further, data from Thomson Reuters' Lipper service showed on Thursday. The net inflows...
  • U.S. economy grows at scorching 4 percent in 2nd quarter

    WASHINGTON The much-stronger-than-expected 4 percent rate of annual U.S. economic growth from April through June, reported Wednesday by the Commerce Department, put to rest fears that the U.S. economy was slipping into low gear. Offsetting a dismal start...
  • La Cañada History: Area PGA player named Golf Professional of the Year

    La Cañada History: Area PGA player named Golf Professional of the Year
    Ten Years Ago La Cañada High School received a face-lift in the summer of 2004 when about 3,000 gallons of paint, most of it in the shade "Ventura Yellow" covered its previously gray walls. "I think it looks great," said Cynthia Keech, then principal of...
  • China's local GDP data points to recovery, rebalancing

    BEIJING (Reuters) - China's regional economies enjoyed a revival in growth in the second quarter, data from provincial governments showed, chiming with earlier figures that suggest a burst of government stimulus measures is re-invigorating activity....
  • Barclays says investment bank activity slows in July

    LONDON (Reuters) - Barclays said trading activity in its investment bank had slowed this month and July could be the unit's weakest month so far this year. "It's probably been the slowest month for us this year," Finance Director Tushar Morzaria told...
  • Subdued investment banking hits Barclays profits

    LONDON (Reuters) - Barclays Plc said its underlying profits fell 8 percent in the second quarter as subdued market activity and the British bank's attempts to crack down on high-risk trading took a toll on investment banking revenue. Chief Executive...
  • Mobile money grows in Africa but hurdles remain

    DAKAR (Reuters) - IT technician Mansour Diagne is one of the lucky few in Senegal to have a bank account, but when he needs to pay some bills or transfer cash to his sisters on the other side of the crowded capital Dakar, he reaches for his mobile phone....
  • Discovery Science Center's L.A. offshoot museum to open in November

    Discovery Science Center's L.A. offshoot museum to open in November
    Turning a lingering and expensive civic embarrassment into a new asset for science education, a never-used, $21.8-million building paid for by the city to give the San Fernando Valley its first major museum finally will open Nov. 13 at Hansen Dam...
  • Bank of America may appeal $1.27 billion award in 'Hustle' fraud case

    Bank of America may appeal $1.27 billion award in 'Hustle' fraud case
    A federal judge on Wednesday ordered Bank of America Corp to pay $1.27 billion of damages after a federal jury found the second-largest U.S. bank liable for fraud over defective mortgages sold by its Countrywide unit. The decision by U.S. District Judge...