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Recent News Headlines : Banking
LE PEN TAKES HSBC, SOCIETE GENERALE TO COURT FOR 'BANKING FATWA'
Le Pen became a personal customer there after her bank Hervet was taken over in 2001 by Credit Commercial de France, which is part of HSBC... READ MORE›
LE PEN TO TAKE HSBC, SOCIETE GENERALE TO COURT FOR CLOSING ACCOUNTS
Le Pen said Societe Generale's recent decision was depriving a party that won 11 million votes in the last presidential election of all practical ability to function ... READ MORE›
CHINA CITIC, BAIDU LAUNCH DIRECT BANK IN FINTECH PUSH
China's banking regulator approved the establishment of AiBank earlier this year... READ MORE›
JAPAN'S MUFG HIRES 180 STAFF IN LONDON IN EUROPE EXPANSION DRIVE
More than half the non-Japan revenues come from the United States, where MUFG has a retail banking business in addition to its investment bank... READ MORE›
Trending News Headlines : Banking
TD BANK RAISES MORTGAGE PRIME RATE TO 2.85%
It's rare for the big banks to leave much gap between themselves on their prime lending rates, so other major lenders are expected to follow suit... READ MORE›
JPMORGAN TELLS BANKS TO PARTNER UP AS U.S. DEPOSIT DRAIN LOOMS
Midsize banks will have an especially hard time growing retail deposits by ramping up advertising and investing in branches, according to JPMorgan's presentation... READ MORE›
GETTING EUROPE'S BANKS HEALTHY AND LENDING
Q. What are the new banking regulations proposing, to increase bank stability and lending into the Real Economy?... READ MORE›
DEUTSCHE BANK: HOW DID A BEAST OF THE BANKING WORLD GET INTO THIS MESS?
On the basis of the IMF's assessment, the consequences of a Deutsche Bank collapse could be worse than the signature event of the global banking crisis... READ MORE›
WELLS FARGO DOES IT AGAIN, THIS TIME WITH UNWANTED AUTO INSURANCE
Failed to ensure that customers weren't charged for coverage if they already had their own policies, Wells Fargo said in Thursday's statement... READ MORE›
DEUTSCHE BANK TO CUT WORKFORCE BY A QUARTER
Back-office jobs in the group's large investment banking division will be concentrated in London, New York and Frankfurt, the source said... READ MORE›
THE MAN WHO MAY INHERIT THE MESS AT WELLS FARGO
The analysis helped Stumpf get comfortable with the deal, a 12.7 billion transaction that propelled Wells Fargo deeper into investment banking... READ MORE›
A JAPANESE FIX FOR AMERICAN SAVINGS
All that PurePoint Financial offers, as a hybrid digital bank, are no-fee, FDIC-insured savings accounts and CDs... READ MORE›
DEUTSCHE BANK TESTS INVESTOR PATIENCE WITH $8.5 BILLION CASH CALL
Deutsche Bank's investment banking activities will also revert to a structure it threw out less than two years ago by reuniting securities trading and corporate finance... READ MORE›
IN TAKING ECONOMIC WAR TO ISLAMIC STATE, U.S. DEVELOPING NEW TOOLS
The intent is to choke off the Islamic State's funding by tracking its remaining ties to the global financial system... READ MORE›
TEENAGER BLOWS ?20,000 MISTAKENLY DEPOSITED IN BANK ACCOUNT AFTER ID MIX-UP
He was charged with theft by taking after a bank cashier deposited the money in his account by mistake... READ MORE›
BIG BANKS SEE THE NEED TO SHRINK - BUT FACE A PATH FULL OF OBSTACLES
Big banks see the need to shrink - but face a path full of obstacles... READ MORE›
DEUTSCHE BANK REVAMP PLAN TO HIT RETAIL HARDEST
Exclusive Deutsche Bank revamp plan to hit retail hardest - sources... READ MORE›
CITIGROUP TO SHIFT EUROPEAN RETAIL BANKING BASE TO DUBLIN
European Union countries apply the same international rules on capital requirements... READ MORE›
INDIA'S CRISIS OVER BANK NOTES HITS WOMEN ESPECIALLY HARD
Two weeks after the announcement, a group of women sat wearily outside a State Bank of India ATM in south Delhi... READ MORE›
BANK OF AMERICA HIRING BANKERS FOR NEW MIDDLE-MARKET PUSH
The Charlotte, North Carolina-based lender previously launched a middle-market business in 2007, with more than 30 investment bankers who focused on mergers and acquisitions... READ MORE›
STRATEGIES IN THE SPOTLIGHT FOR TRIO OF NEW EUROPEAN BANK CEOS
And all three are expected to cut their investment bank operations, especially fixed income trading... READ MORE›
DUTERTE PRESSED FOR DETAILS OF $44M 'HIDDEN DEPOSIT'
Trillanes also revealed that the Duterte family received 2.4m from a Davao City businessman, who also contributed more than 600,000 to Duterte's campaign... READ MORE›
RBS SHOWS PROGRESS WITH FIRST PROFIT IN MORE THAN A YEAR
The bank, which has suffered more than 58 billion pounds of losses since its taxpayer-funded bailout in 2008 and remains more than 70 percent-owned by the U.K... READ MORE›
IT'S NOT JUST DEUTSCHE. EUROPEAN BANKING IS UTTERLY BROKEN
Unlike previous legs in Europe's interminable banking crisis, there is no risk of fiscal contagion... READ MORE›
1. WHY DOES DEUTSCHE BANK NEED A WAIVER?
German banking laws generally prohibit parent banks from using all of their subsidiaries' capital to ensure each legal entity can meet individual capital requirements... READ MORE›
MNUCHIN: PLAYING THE NAME GAME OVER A TOP TRUMP PICK
And that's pretty close to the way the Goldman Sachs media rep pronounced it when she finally finished her survey M'noo-chin... READ MORE›
BANK OF AMERICA'S Q1 INCOME DOWN 13% AFTER TRADING REVENUE FALLS
Bank of America's Q1 income down 13 percent after trading revenue falls... READ MORE›
SMBC TRUST TO ABSORB CITI'S RETAIL BUSINESS IN JAPAN ON NOV. 1
Sumitomo Mitsui Banking Corp. said Monday that subsidiary SMBC Trust Bank will absorb Citigroup Inc.'s consumer banking business in Japan on Nov. 1. SMBC h... READ MORE›
ECB'S NOUY SAYS DIFFERING RULE INTERPRETATIONS CAUSE IMBALANCES
We need to ensure fully harmonized prudential banking supervision, Nouy told Cyprus's Politis newspaper in an interview published on Sunday... READ MORE›
BANCO POPULAR TO RAISE UP TO 2.5 BILLION EUROS THROUGH RIGHTS ISSUE
Popular aims to reduce its exposure to property assets by 15 billion euros between 2016 and 2018, it said on Thursday... READ MORE›
CITIBANK INDONESIA RECORDS 46.2 PERCENT INCREASE IN NET PROFIT
He added that the bank had also improved its capital adequacy ratio CAR by 1.80 percent to 30 percent as of last December... READ MORE›
THE GREEK LETTER FOR 'SOUR GRAPES'
Deposit beta refers to how much the interest rate on bank accounts will change when broader market rates move... READ MORE›
STIFEL IN TALKS TO BUY STERNE AGEE
Founded in 1901, Birmingham, Alabama-based Sterne Agee maintains custody of about 26 billion in client assets, according to its website... READ MORE›
THE UNLIKELY TOOL HELPING SOME PEOPLE SAVE MONEY
When they did have debit cards tied to their accounts, account holders began to increase their savings after nine months to one year... READ MORE›