Banking News

UPDATE 3-JPMorgan says in talks to resolve SEC probe

05:33:24 | 07/05/2011 - Source: Reuters

JPMorgan Chase & Co is in "advanced discussions" with the U.S. Securities and Exchange Commission to resolve a probe into its role in selling certain collateralized debt obligations, the bank said.

Morning Call: Dental school fills downtown cavity

01:23:55 | 07/05/2011 - Source: American City Business Journals

The University of the Pacific's Arthur A. Dugoni School of Dentistry is in contract to buy 155 Fifth St.

Citi seeks shares' past glory with reverse split

21:09:13 | 06/05/2011 - Source: WOZZ-FM Appleton

Citigroup Inc , which needed $45 billion in U.S. government handouts to survive the financial crisis, is about to paper over a visible remnant of its near-failure: its single-digit share price.

Wells warns of higher foreclosure suit costs

18:09:35 | 06/05/2011 - Source: WNWN-FM Battle Creek

Wells Fargo & Co on Friday raised its worst-case estimate for litigation losses by 42 percent to $1.7 billion because of its exposure to foreclosure-related legal issues.

5/5/2011 - Mortgage discrimination leads to bank investment

09:50:22 | 06/05/2011 - Source: WWUP-TV Cadillac

Two banks have agreed to invest in a Detroit neighborhood as part of a mortgage discrimination settlement with the federal government.

Twomucht Has The Secret To Ga. Tourism Dollars !!!

05:52:25 | 06/05/2011 - Source:

Google Tom Livsey and The Promised Land in Snellville, Georgia... Georgia Travel and Tourism mad over $39 Billion Dollars last year....

Indications: U.S. stock futures fall ahead of jobless data

01:26:07 | 06/05/2011 - Source: Market Watch

U.S. stock futures extended their losses Thursday after data showed U.S. jobless claims topped 400,000 for a fourth straight week, heightening worries ahead of Friday's payrolls report.

Fed official: Rates should be raised this year

21:21:44 | 05/05/2011 - Source: Sunherald.com

A Federal Reserve official says the central bank should raise interest rates this year to guard against inflation.

Europe Markets: Lloyds, SocGen lead European stocks lower

17:16:51 | 05/05/2011 - Source: Market Watch

European stocks declined on Thursday, as investors took in disappointing earnings from the likes of Lloyds Banking Group PLC and Societe Generale SA and as they awaited the latest interest-rate decision from the European Central Bank.

US Economy Dogs Stocks as Euro Rallies

13:07:20 | 05/05/2011 - Source: EDGE

Signs that the U.S. economy may be struggling kept stock markets in check Thursday, while the euro pushed up towards 18-month dollar highs ahead of a keenly awaited statement from the European Central Bank.

UBS agrees to pay $160M in muni bond settlement

12:07:26 | 05/05/2011 - Source: The Boston Globe

Switzerland's biggest bank UBS AG has agreed to pay $160 million to settle charges that it rigged the bidding process for investment contracts with cities and towns in 24 states and the District of Columbia.

ECB meets with markets on alert for codeword...

12:07:25 | 05/05/2011 - Source: WTAQ-AM Green Bay

The European Central Bank will show its determination to check firming price pressures at its meeting on Thursday with markets focusing on whether it uses the "strong vigilance" codewords to signal a rate rise in June.

Australian bank NAB reports 16 pct profit rise

08:07:49 | 05/05/2011 - Source: KTUL-TV Tulsa

National Australia Bank, one of the country's largest lenders, reported a nearly 16 percent rise in first-half net profits on Thursday amid a strong economy, lower bad debts and a predicted surge in business lending.

US Justice Department sues Deutsche Bank

03:58:13 | 05/05/2011 - Source: The London News.Net

The US Justice Department is suing Deutsche Bank for more than $1 billion over fraud claims.

Varian acquired by Calif. company in $5 billion deal

01:58:26 | 05/05/2011 - Source: GloucesterTimes.com, Gloucester, MA

Disqus Varian acquired by Calif. company in $5 billion deal By Richard Gaines Wed May 04, 2011, 12:36 PM EDT Varian Semiconductor Equipment Associates - Gloucester's biggest business and only [publicly traded copmpany, with nearly 2,000 employees - has agreed to an acquisition by Applied Materials of the Silicon Valley in a deal that will pay ...