Banking News

SunTrust buys CSI Capital Management

07:42:12 | 12/05/2011 - Source: American City Business Journals

SunTrust Banks Inc. bought San Francisco-based wealth management firm CSI Capital Management for an undisclosed amount Atlanta-based SunTrust said the acquisition boosts its Private Wealth Management division in Los Angeles and Atlanta and adds offices in Greenwich, Conn., Boca Raton, Fla., and San Francisco.

Mortgages, foreclosures top agenda at BofA meeting

03:37:32 | 12/05/2011 - Source: SanLuisObispo.com

Foreclosures and home mortgage modifications took center stage at Bank of America Corp.'s annual meeting Wednesday.

Europe Markets: M&S, Porsche, luxury goods drive Europe gains

23:27:53 | 11/05/2011 - Source: Market Watch

European stock markets pushed higher on Wednesday, driven by well-received earnings results from luxury-goods company Hermes International ScA, and as Marks & Spencer Group PLC and Porsche Automobil Holding SE were upgraded by brokers.

Visa to launch digital wallet for U.S. banks

19:18:19 | 11/05/2011 - Source: IBTimes

Visa Inc, the world's largest credit and debit card processing network, is building a digital wallet that people can use to pay for things online or with their phones instead of with traditional cards.

BancorpSouth to close 23 bank branches in 6 states in consolidation plan

15:18:45 | 11/05/2011 - Source: KSPR

BancorpSouth Inc. said Tuesday that it will close 23 bank branches in six states this summer as part of a plan to consolidate operations.

London Markets: ITV shares weigh on London; M&S gains

11:09:14 | 11/05/2011 - Source: Market Watch

Shares in London were mostly flat on Wednesday, with ITV PLC off sharply after a corporate update, while Marks & Spencer Group PLC's stock rose after a broker upgrade.

Hail, lightning, heavy rain slam region

07:04:36 | 11/05/2011 - Source: Journal Gazette

Northeast Indiana and northwest Ohio might continue to see severe thunderstorms during the next few hours.

Wells Fargo to buy Bank of Ireland unit

03:00:04 | 11/05/2011 - Source: American City Business Journals

Wells Fargo & Co. will acquire the U.S.-based operations of Foreign Currency Exchange Corp.

JPMorgan denies gouging Lehman in $8.6 billion fight

22:50:27 | 10/05/2011 - Source: KTLA-TV Los Angeles

JPMorgan Chase & Co urged a bankruptcy court on Tuesday to throw out Lehman Brothers Holdings' claim demanding that it hand over $8.6 billion in cash taken as collateral in the weeks before Lehman imploded in September 2008.

Banking vet Lockhart joins boutique Berenson

19:40:49 | 10/05/2011 - Source: Market Watch

Another heavy hitter in the banking world has caught the boutique advisory firm bug.

Greek bailout hopes support European stocks, euro

15:31:10 | 10/05/2011 - Source: KARE-TV Minneapolis

European stock markets and the euro rose Tuesday on hopes that Greece will get another financial bailout to help it avoid a restructuring of its massive debts.

Bank of America reconsiders overdraft fees

12:21:27 | 10/05/2011 - Source: American City Business Journals

Charlotte-based Bank of America may reinstate a form of overdraft fees less than two years after dumping the lucrative revenue source.

BofA to slash $850 billion bad loan portfolio by half: report

08:11:56 | 10/05/2011 - Source: WXMI-TV Grand Rapids

Bank of America Corp plans to reduce its $850 billion portfolio of troubled home loans by about half over the next three years, the bank's new mortgage unit head told the Financial Times.

David Weidner's Writing on the Wall: Why Berkshire and Buffett never lose

08:11:55 | 10/05/2011 - Source: Market Watch

Like most big-shot investors or Wall Street CEOs, Warren Buffett doesn't get overly worked up about quarterly earnings - except when they're good.

Nasdaq, ICE pursue NYSE bid

03:57:20 | 10/05/2011 - Source: SFGate

Nasdaq and IntercontinentalExchange reached out directly to the shareholders of the parent company of the New York Stock Exchange in its unsolicited bid to acquire the exchange owner.