Banking News

Global stock markets have slid overnight, currencies have experienced almost unprecedented volatility, and oil and other commodities have tumbled on fears of plummeting demand that would accompany a world ...

Police officers from several jurisdictions helped with the pursuit of a group of bank robbers Oct.

It appears Bill Heard Enterprises owed Synovus Financial Corp. and its affiliates, including Columbus Bank and Trust Co., a total of $53 million when it closed its doors in September.

Comments NEW YORK - Regional banks said throughout the week that they are considering or will apply to receive direct equity investments from the federal government under its recently passed $750 billion ...

CEDAR RAPIDS NEWS West Bancorporation seeks vote on preferred shares October 24, 2008 17:59 EDT DES MOINES, Iowa -- West Bancorporation Inc.

Wall Street slid on Friday in a global selloff as signs the economic slowdown could be deeper than feared heightened worries over a gloomy corporate profit outlook, forcing institutions to sell stocks to raise ...

Paula Rosput Reynolds has been tapped to help the failed American International Group Inc.

PNC Financial Services says it is acquiring National City for about $5.58 billion and will receive $7.7 billion in capital from the federal government.

BIRMINGHAM, Alabama : HealthSouth Corp. said Thursday it reached agreement with UBS AG settling litigation filed by shareholders who claimed the Swiss investment bank was aware of a $2.7 billion fraudulent ...

Bank of America Corp. on Wednesday has chosen the team that will lead the company's securities business once it acquires Merrill Lynch & Co.

PNC Financial Services Group announced a 10-year deal today with Giant Food LLC to offer banking services in supermarket locations in Maryland, Virginia, Delaware and Washington, D.C. PNC Bank will open 41 ...

SunTrust Banks Inc., the second largest bank in the Knoxville market, saw its shares slip more than 13 percent today, after reporting that its third-quarter profit fell 26 percent.

Former Citigroup Inc Chief Executive Sanford Weill is in talks to launch a private equity fund that would invest in beaten-down financial companies and assets, the Wall Street Journal reported.

Credit Suisse Group AG reported its second quarterly loss this year after writing down the value of leveraged loans and mortgage-backed securities, and as financial market swings hurt trading.

Stocks are ending sharply lower as investors worry that the economy is poised to weaken even as frozen credit markets slowly start to show signs of recovery.

SYDNEY, Australia : Australia & New Zealand Banking Group Ltd., reeling from the fallout of the global credit crisis, reported a 21 percent decline in annual profit Thursday after charges for bad debts soared.

January is usually a pretty chilly month on Broadway. But this year, the post-holidays could be a little colder than normal.

Northern Trust Corp. before Wednesday's opening bell said it swung to a third-quarter loss after it booked charges to support its money-market funds and help clients that were threatened with losses during the ...

Wall Street tumbled again Wednesday as investors again shifted their focus away from improving credit markets and fixated on worrisome corporate earnings that are raising fears of a deep and painful recession.

Bank of America Corp. , the largest US consumer bank, lost money in its credit card unit for the first time since its January 2006 purchase of MBNA Corp.