US Banks Have Too Much Cash; Low Rates Limit Investment Options
Source: Fox Business NEW YORK ? America's banks have an unusual problem: They have more cash than ever but they are making much less from it.With more deposits than loans, banks have been forced to buy securities. But persistently low interest ratesmore
Citigroup Head Of Banking For France, Coutts, Leaves -Reuters
Source: Fox Business DOW JONES NEWSWIRESEric Coutts, head of banking for France at Citigroup Inc. (C), has left the company "by mutual agreement," the bank said Monday, Reuters reported on its website.Coutts was with the bank five years. He likely willmore
Central Bank To Buy Treasurys Due 2020 To 2021
Source: Fox Business Federal Reserve is scheduled to buy long-dated Treasury securities Monday for its stimulus plan that extends the average maturity of the U.S. government debt sitting on its balance sheet.The central bank plans to purchase $4.25more
Fed-watching gives Asian central banks cause to pause
SINGAPORE (Reuters) - Asia's central bankers have yet another reason to hesitate now that the U.S. Federal Reserve looks likely to keep interest rates low for longer. ... Read the full story at Reutersmore
Ex UBS trader Adoboli denies fraud, faces trial
LONDON ? Former UBS trader Kweku Adoboli will stand trial in September after pleading not guilty on Monday to charges related to the loss of more than $2 billion on trades the Swiss bank says were unauthorized. The trial, which is likely to shine amore
Citigroup chairman Parsons mulls departure
Source: New York Post Richard D. Parsons, who as chairman of Citigroup helped steer the bank through its near-death experience in the financial crisis, is considering stepping down after three years in the post, according to people familiar with themore
Tom Considine, Commissioner of the NJ Department of Banking and Insurance, To Join MagnaCare as Chief Operating Officer
MagnaCare, a health plan management company, announced today that Tom Considine, Commissioner of the New Jersey Department of Banking and Insurance, will assume the Company?s position of Chief Operating Officer effective March 2012. ?We are trulymore
Royal Bank of Scotland chief waives million-pound bonus after UK outrage
After an outburst of public anger in Britain, Royal Bank of Scotland CEO, Stephen Hester, has rejected a bonus worth one million pounds ($1.6 million). The bank was bailed out by the state after near-collapse in 2008. The chief executive of Britain'smore
S&T Bank Announces Promotions of Several Employees to Senior Management Positions
INDIANA, Pa., Jan. 30, 2012 INDIANA, Pa., Jan. 30, 2012 /PRNewswire/ -- S&T Bancorp, Inc. (NASDAQ: STBA), a full-service financial institution with branch locations in 10 Pennsylvania counties, is pleased to announce the promotion of several longtimemore
Tom Considine, Commissioner of the NJ Department of Banking and Insurance, To Join MagnaCare as Chief Operating Officer
MagnaCare, a health plan management company, announced today that Tom Considine, Commissioner of the New Jersey Department of Banking and Insurance, will assume the Company?s position of Chief Operating Officer effective March 2012. ?We are trulymore
Wall Street led lower as banks extend losses
NEW YORK (Reuters) - Stocks extended losses on Monday, with all three major indexes falling more than 1 percent. The Dow Jones industrial average .DJI was down 125.79 points, or 0.99 percent, at 12,534.67. The Standard & Poor's 500 Index .SPX was downmore
WSJ: Citi Chairman Parsons Considers Stepping Down
p's chairman, Richard Parsons, is considering giving up the position to focus on other interests, the Wall Street Journal reported, citing people familiar with the situation. According to the report, Parsons, 63, is expected to decide by early Marchmore
EU?s Barnier ?Working On? Ideas for Tougher Bank-Bonus Rules
(Updates with comment from Barnier in second paragraph.) Jan. 30 (Bloomberg) -- Michel Barnier, the European Union?s financial services chief said he may propose legislation before the end of the year to toughen rules on banker bonuses. Some pay awardsmore
High Frequency?s Weinberg Says Europe Should Shore Up Banks
Jan. 30 (Bloomberg) -- European Union leaders meeting in Brussels today should shore up the region?s banks and focus on Greece?s debt crisis instead of longer-term regional accords, according to economist Carl Weinberg. European leaders should pledgemore
Analysis: Fed-watching gives Asian central banks cause to pause
By: Reuters: Business News SINGAPORE (Reuters) - Asia's central bankers have yet another reason to hesitate now that the U.S. Federal Reserve looks likely to keep interest rates low for longer. Stock Market XML and JSON Data API provided bymore
Illinois Bankers Association Alerts Consumers About Text Phishing Scam
tion Alerts Consumers About Text Phishing Scam Information contained on this page is provided by companies via press release distributed through PR Newswire, an independent third-party content provider. PR Newswire, WorldNow and this Station make nomore
S&T Bank Announces Promotions of Several Employees to Senior Management Positions
INDIANA, Pa., Jan. 30, 2012 /PRNewswire/ -- S&T Bancorp, Inc. (NASDAQ: STBA), a full-service financial institution with branch locations in 10 Pennsylvania counties, is pleased to announce the promotion of several longtime employees to the followingmore
Leeds Building Society launches new postal account
A new postal account for savings customers has been launched by Leeds Building Society in a bid to provide a good rate as well as flexibility.more
Gilbert buys former Federal Reserve Building
The Detroit News Dan Gilbert hopes to fill the vacant former Federal Reserve Building with a large, single tenant. (Brandy Baker / The Detroit News) Detroit ? Quicken Loans Inc. founder Dan Gilbert said Monday that he has bought the vacant formermore
30/01 18:03 DJ Hang Seng Bank: To Launch Yuan-Denominated Gold Exchange-Traded Fund [DJ]
Extract not available.more
Wall Street led lower as banks extend losses
NEW YORK (Reuters) - Stocks extended losses on Monday, with all three major indexes falling more than 1 percent. The Dow Jones industrial average <.DJI> was down 125.79 points, or 0.99 percent, at 12,534.67. The Standard & Poor's 500 Index <.SPX> wasmore
Bank of America Launches the 15th Season of Museums on Us(R)
Nationally Recognized Program Provides Bank of America and Merrill Lynch Cardholders With Free Access to More Than 150 Participating Arts and Culture Institutions Across the U.S. CHARLOTTE, N.C., Jan 30, 2012 (BUSINESS WIRE) -- Bank of America todaymore
Credit Unions Facing Tighter Regulations on Loan Mods
The National Credit Union Administration is proposing new rules for troubled debt restructurings that will cover how all federally insured credit unions account for delinquencies, charge-offs, and income related to troubled home mortgages. The proposal,more
New Small Biz Bankers For Bank Of America
is working to woo small businesses, hiring 51 new small business bankers in New England, including 32 in Massachusetts. The move is part of a plan to hire more than 1,000 small business bankers nationwide by the middle of 2012. The bank said the newmore
: Research and Markets: Banking and Social Media Easy to Say, Hard to Do
(http://www.researchandmarkets.com/research/267a65/banking_and_social) has announced the addition of Javelin Strategy & Research's new report "Banking and Social Media Easy to Say, Hard to Do" to their offering. More than two-thirds of American adultsmore
European Central Bank cut bond buys back to ?63 million last week as crisis pressure eased
FRANKFURT - The European Central Bank cut its purchases of government bonds to a bare ?63 million ($82.6 million) last week, easing back on a key crisis measure as indebted governments found some respite. The purchases compare with ?2.24 billion from themore
State Bank of India to get $1.6 bln from government
* Government to inject funds via preferential allotment * Tier-I capital to improve by abut 100 bps - analyst * Government stake in bank to rise to 66 pct - analyst (Adds analyst comment, details) MUMBAI, Jan 30 (Reuters) - The Indian government willmore
Bank of the West Receives 2011 Greenwich Small Business and Middle Market Banking Excellence Awards in 16 Categories
Bank of the West?s small business and middle market commercial clients have recognized the bank for its service, relationship management and treasury management in a study that determined the winners of the annual Greenwich Excellence Awards. Themore