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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 45-55
  • TowneBank plans to acquire Franklin Financial in expansion to Richmond

    TowneBank plans to acquire Franklin Financial in expansion to Richmond
    Suffolk-based TowneBank, the largest community bank in Hampton Roads, announced Tuesday it plans to acquire Franklin Financial Corp. as it expands to Richmond in a deal valued at $275 million. The 15-year-old TowneBank signed a merger agreement with...
  • F1 boss Ecclestone explains 'insurance policy' payment to German banker

    MUNICH Germany (Reuters) - Formula One boss Bernie Ecclestone told a court on Tuesday that a multi-million dollar payment to a jailed German banker was designed to buy the man's silence and not linked to the sale of the motor sport business. Given...
  • Yellen's Q&A testimony to Senate Banking Committee

    WASHINGTON (Reuters) - Following are highlights from the question and answer session of Federal Reserve Chair Janet Yellen's testimony before the Senate Banking Committee on Tuesday. YELLEN ON BUBBLES, DAMAGE TO ECONOMY OF RAISING RATES The slate of...
  • China pushes for developing world's rights as BRICS summit opens

    BEIJING (Reuters) - China will dedicate itself to "perfecting" the role developing countries play in international affairs to give them better representation and a greater say, President Xi Jinping said ahead of a summit of BRICS nations in Brazil. China...
  • Three women avoid prison in NYC payroll fraud case

    NEW YORK (Reuters) - Three women avoided prison on Tuesday for crimes stemming from a massive fraud and kickback scheme involving a New York City payroll project that prosecutors say pushed its costs to $700 million. U.S. District Judge George Daniels in...
  • China growth data to show stimulus kicking in but more support may be needed

    BEIJING (Reuters) - China's leaders are expecting to see a dividend from three months of stimulus spending in second-quarter growth data on Wednesday, but the economy may need even more state support to meet this year's growth target of 7.5 percent. An...
  • Goldman's investment management business peeks out from trading's shadow

    NEW YORK (Reuters) - Late last year, Goldman Sachs reached an important milestone: its investment management business surpassed $1 trillion in client money under supervision. But the achievement went largely unnoticed as shareholders focused on...
  • County Judge candidates Terry Neal and Daniel Archer are a study in contrasts

    County Judge candidates Terry Neal and Daniel Archer are a study in contrasts
    Second of two parts. Choosing a county judge is a task that leaves most voters flailing in the dark, and the August election is going to require even more scrutiny than usual from voters because of behind-the-scenes maneuvering. A group of mostly...
  • Russia's Gazprombank see no sanctions impact on operations

    MOSCOW (Reuters) - Gazprombank, Russia's third largest bank by assets, said on Thursday new U.S. sanctions were not affecting the stability of its operations and finances, and the central bank promised support if needed. The imposition of the new...
  • Are Swiss trading houses turning into banks? Not quite

    LONDON (Reuters) - The world's top trading houses appear to be quickly turning into commodity finance banks, by lending billions of dollars to clients as a decades-long dominance of French banks shrinks. The fast growing trend has made big headlines in...
  • Fed seen likely to raise rates in 2nd quarter of 2015: Reuters poll

    WASHINGTON (Reuters) - Rising inflation pressures could push the U.S. Federal Reserve to raise interest rates as early as the second quarter of next year, according to a Reuters poll of analysts. America's jobless rate sank to almost a six-year low in...