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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 23-33
  • Exclusive - Bahrain's Ahli United Bank considers sale or merger: sources

    By Anjuli Davies, Pamela Barbaglia and Sophie Sassard LONDON (Reuters) - Ahli United Bank (AUB) , Bahrain's largest lender, is evaluating a sale or a merger with a rival bank in a potential $5 billion deal, several bankers familiar with the situation...
  • BofA reports first quarterly loss since 2011 on lofty legal bill

    (Reuters) - Bank of America Corp reported an unexpected first-quarter loss on Wednesday after it took a $6 billion charge to cover litigation expenses, a figure that far exceeded the legal settlements the No. 2 U.S. bank has announced recently. Revenue...
  • Mortgage-related legal costs sock BofA with $276-million loss

    Mortgage-related legal costs sock BofA with $276-million loss
    Socked by mortgage-related legal expenses, Bank of America Corp. lost $276 million during the first quarter, sending its stock down sharply. The quarterly loss, its first in 2 years, came despite lower loan losses and better than expected results in...
  • Pleasant Valley Drive-In Fights To Remain Open In Digital Age

    Pleasant Valley Drive-In Fights To Remain Open In Digital Age
    BARKHAMSTED — When Donna and Tim McGrane bought the Pleasant Valley Drive-in, the business' links to the past were foremost in their minds. Opened in 1947, the drive-in theater was once among many that dotted the landscape in Connecticut. Donna'...
  • GE Capital seen ripe for more slimming after credit card IPO

    (Reuters) - As General Electric Co starts spinning off its consumer credit card business, some on Wall Street are hoping that the U.S. industrial conglomerate will eventually slim down its GE Capital finance unit even further. Commercial real estate,...
  • READER SUBMITTED: Kimberly Anne Curry Of Thomaston Savings Bank Achieved President's Council For 2013

    Thomaston Savings Bank would like to congratulate Kimberly Anne Curry, AVP/Branch manager of the Main Office of Thomaston Savings Bank for achieving President's Council for 2013, the Vantis Life Insurance Company's top sales award in the state of...
  • Allentown's National Penn Bank bids for Baltimore bank

    Allentown's National Penn Bank bids for Baltimore bank
    An Allentown bank has submitted the highest bid to acquire a Baltimore bank whose parent is in bankruptcy. National Penn Bancshares, which last moved its corporate headquarters from Boyertown to Allentown as part of the downtown revitalization sparked by...
  • EU to approve bank rules before May election slows legislative machine

    LONDON (Reuters) - The European Union will sign off on a slew of major reforms this week to allow failing banks to be wound down without public money, clearing its desk before elections in May that may lead to a slower pace of legislation. This week is...
  • JPMorgan on profit drop: Be relieved we aren't taking big risks

    (Reuters) - JPMorgan Chase & Co executives had a clear message for shareholders after reporting declining first-quarter earnings: don't worry, be happy that the bank isn't chasing short-term gains by making irrational lending decisions. The first quarter...
  • Executive Profile: Victor F. Ciardelli III

     Executive Profile: Victor F. Ciardelli III
    The billboard seen by thousands of motorists on the Stevenson Expressway speaks volumes about Victor F. Ciardelli III's ambition as founder, president and CEO of Guaranteed Rate Inc. It doesn't advertise mortgage rates, although company billboards...
  • Investing: small banks, big dividends

    Kiplinger's Personal Finance Not all banks have been dividend duds since the Great Recession, when many firms slashed payouts to pennies per share. A recent report by SNL Financial, a financial-services research firm, found that 20 banks had lifted their...