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United States Banks & Banking

CEO Kashkari has Minneapolis Fed reaching deep into the community

startribune.com

CEO Kashkari has Minneapolis Fed reaching deep into the community

- Neel Kashkari, president of the Minneapolis Federal Reserve Bank has not tread softly in his first 16 months on the job. Kashkari, who was hired by the Minneapolis Fed board in January 2016, tweets, at times irreverently, about economic policy and irks big bankers with occasional criticism of management or his solution for preventing more federal bailouts. He challenges Wall Street, where he once labored, to put more skin in the game

Categories: Business | 
Places: Americas |  North America |  United States | 

Frustrated TD Bank customers have trouble accessing their accounts

fox61.com

Frustrated TD Bank customers have trouble accessing their accounts

- HARTFORD — Frustrated TD Bank customers are saying they can’t access their accounts Friday morning. They have taken to social media because they say they can’t get through to customer service. Many customers are tweeting at the company expressing their anger. he bank is tweeting them back, saying the company is aware of the issue and working on the problem. The direct deposits should reflect now

Categories: Business | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut |  Hartford |  Hartford | 

First-quarter profits rise for Wisconsin banks

madison.com

First-quarter profits rise for Wisconsin banks

- Wisconsin banks reported higher profits and lower loan losses in the first quarter of 2017 compared with the same period last year. The 221 Wisconsin-based financial institutions insured by the Federal Deposit Insurance Corp. earned a total of $280 million in the three months that ended March 31, up 5.6 percent from combined earnings of $265 million for the 2016 first quarter

Categories: Business | 
Places: Americas |  North America |  United States |  Midwest |  East |  Wisconsin | 

Anchorage police: Credit union robbery suspect has been arrested

adn.com

Anchorage police: Credit union robbery suspect has been arrested

- Anchorage police said in a Friday night alert that a woman suspected of robbing two local credit unions this week has been taken into custody. In a text message, police said 41-year-old Jennifer Trengrove was arrested "without incident." The police department previously described Trengrove as a person of interest in the case. Just before 5 p.m. Wednesday, a woman walked into Alaska USA Federal Credit Union on 125 E

Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Anchorage | 

UPDATE: 'Person of interest' identified in connection with two bank robberies

ktuu.com

UPDATE: 'Person of interest' identified in connection with two bank robberies

- Police have identified what they're calling a "person of interest" in two bank robberies. They say Jennifer Trengove, 41, has been developed as someone police are looking for after she was seemingly caught on two security cameras during bank robberies in Anchorage. The second location was, like the first, an Alaska USA Federal Credit Union. It's located at 310 E. Northern Lights Boulevard

Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska | 

FBI asks for help finding suspect in 2 Anchorage credit union robberies in 2 days

adn.com

FBI asks for help finding suspect in 2 Anchorage credit union robberies in 2 days

- Two separate Alaska USA Federal Credit Union branches were robbed in two days in Anchorage, and the FBI is asking for the public's help finding the suspect. Just before 5 p.m. Wednesday, a woman walked into Alaska USA Federal Credit Union on 125 E. Dimond Blvd., the FBI wrote in a release. Anchorage police indentified a person of interest in the robberies as 41-year-old Jennifer Trengrove

Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Anchorage | 

China central bank denies reports it told banks to deposit dollars

reuters.com

China central bank denies reports it told banks to deposit dollars

- BEIJING China's central bank has not adopted any measures requiring commercial banks to deposit dollars with it, the People's Bank of China (PBOC) said on Friday. Reports that the central bank had ordered such deposits in order to meet liquidity needs were not true, it said on its official account on China's Twitter-like Weibo. Current dollar liquidity in the banking system is normal, the central bank added

Categories: Business | 
Places: United States |  North |  Beijing | 

First Bank of Alabama acquires Bank of Wedowee

al.com

First Bank of Alabama acquires Bank of Wedowee

- First Bank of Alabama is acquiring Bank of Wedowee, giving the east Alabama bank a total of six locations. Once completed, the transaction means First Bank of Alabama will have approximately $530 million in total assets, $270 million in total loans and $445 million in deposits. It also expands First Bank of Alabama's presence, adding three full-service branches in Randolph County

Categories: Business | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama | 

Central banks launch forex market code of conduct

reuters.com

Central banks launch forex market code of conduct

- LONDON Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at ensuring its universal adoption by the world's major financial institutions. CARACAS Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide

Categories: Business | 
Places: United States | 

FBI, APD searching for bank robbery suspect

ktva.com

FBI, APD searching for bank robbery suspect

- Both federal and local authorities are on the lookout for a female who robbed an Anchorage bank early Wednesday evening. Just before 5 p.m., the FBI says a white female entered the Alaska USA Federal Credit Union in the 100 block of Dimond Boulevard and handed the bank teller a note, which authorities say implied […] RAW: Dashcam shows moments before APD confronts serial killer The Anchorage Police Department has released raw dash cam footage of the early morning hours of November 12, 2016, when James Dale Ritchie was killed after he opened fire on police

Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Anchorage | 

Intel and major banks, including HSBC and BOAML, pour $107 million into blockchain group

cnbc.com

Intel and major banks, including HSBC and BOAML, pour $107 million into blockchain group

- Intel, Bank of America Merrill Lynch, HSBC and dozens of other institutions have invested $107 million into R3, a group developing blockchain-like technology for financial companies. R3 is a group of major banks that are working together to bring so-called distributed ledger technology to their processes. It's based on blockchain – the technology that underpins the cryptocurrency bitcoin. Blockchain technology allows transactions on the bitcoin network to be recorded and not tampered with

Categories: Business |  Technology | 
Places: Americas |  United States | 

Man pleads not guilty to robbing credit union

siouxcityjournal.com

Man pleads not guilty to robbing credit union

- SIOUX CITY | A Sioux City man has pleaded not guilty to robbing a local credit union earlier this month. Joshua Webbs, 21, entered his written plea Monday in Woodbury County District Court to single counts of first-degree robbery and operating a vehicle without owner's consent. Webbs is accused of robbing the Municipal Credit Union, 103 S. Fairmount St., on May 2

Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  Sioux |  Woodbury | 

Library donates more than 7 tons of food to Utah Food Bank

deseretnews.com

Library donates more than 7 tons of food to Utah Food Bank

- SALT LAKE CITY — The Salt Lake County Library's April food drive resulted in a 14,120-pound donation to the Utah Food Bank, up 24 percent from 2016’s donation. "Utah Food Bank is grateful to the incredible support from the Salt Lake County Library for their food drive, which resulted in enough food to provide the equivalent of close to 12,000 meals,” Ginette Bott, chief development officer at the Utah Food Bank, said in a statement

Categories: Business | 
Places: Americas |  North America |  United States |  West |  Mountain |  Utah |  Salt Lake | 

Kay promoted at Iowa-Nebraska

siouxcityjournal.com

Kay promoted at Iowa-Nebraska

- SOUTH SIOUX CITY -- Kevin Kay has been promoted to senior vice president of operations at Iowa-Nebraska State Bank. Kay has been employed with Iowa-Nebraska State Bank since September 2000 and has more than 25 years of banking/finance experience. His responsibilities include management of the overall operations of the bank including cash management, audit/compliance, oversight of retail banking/lending while also serving on the bank loan committee

Categories: Business | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  Nebraska |  Sioux |  Woodbury |  Dakota |  South Sioux City | 

Security National Bank hires Basel

siouxcityjournal.com

Security National Bank hires Basel

- SIOUX CITY -- Security National Bank of Sioux City his hired Chad Basel as an employee benefit administrator in the Wealth Management Division. He will be located at the bank’s main office at Sixth and Pierce Street in downtown Sioux City. Basel has more than 16 years of administration, account management, customer service, and group training experience in the retirement industry helping employers and employees invest and save for retirement

Categories: Business | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  Sioux |  Woodbury | 

WannaCry cyber attack compromised some Russian banks: central bank

reuters.com

WannaCry cyber attack compromised some Russian banks: central bank

- MOSCOW The WannaCry ransomware attack compromised the systems of Russian banks in some isolated cases, the Russian central bank said on Friday in the first official acknowledgement by Moscow that the virus had an impact on the country's banking system. In a statement, the central bank said the consequences of the hacking attack - which it did not detail - had been dealt with quickly

Categories: Business |  Technology | 
Places: United States |  Europe |  E. Europe |  Russia |  Central |  Moscow |  Moscow City | 

Latest Stories

Home / United States / Business / Finance / Financial Institutions / Banking Institutions
CEO Kashkari has Minneapolis Fed reaching deep into the community
CEO Kashkari has Minneapolis Fed reaching deep into the community Neel Kashkari, president of the Minneapolis Federal Reserve Bank has not tread softly in his first 16 months on the job. Kashkari, who was hired by the Minneapolis Fed board in January 2016, tweets, at times irreverently, about economic policy and irks big bankers with occasional criticism of management or his solution for preventing more federal bailouts. He challenges Wall Street, where he once labored, to put more skin in the game   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Banks want higher debit-card 'swipe fees,' but an effort to allow them has crumbled
Banks want higher debit-card 'swipe fees,' but an effort to allow them has crumbled Banks had hoped Congress would let them charge merchants higher fees to process debit card purchases, but an effort to allow that has crumbled — a victory for retailers and, possibly, shoppers who might have had to shoulder those costs. In the latest chapter of a long-running fight, a repeal of federal limits on so-called swipe fees no longer will be part of a House financial regulation bill, said the legislation’s author, Rep   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Frustrated TD Bank customers have trouble accessing their accounts
Frustrated TD Bank customers have trouble accessing their accounts HARTFORD — Frustrated TD Bank customers are saying they can’t access their accounts Friday morning. They have taken to social media because they say they can’t get through to customer service. Many customers are tweeting at the company expressing their anger. he bank is tweeting them back, saying the company is aware of the issue and working on the problem. The direct deposits should reflect now   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  Northeast |  New England |  Connecticut |  Hartford |  Hartford | 
First-quarter profits rise for Wisconsin banks
First-quarter profits rise for Wisconsin banks Wisconsin banks reported higher profits and lower loan losses in the first quarter of 2017 compared with the same period last year. The 221 Wisconsin-based financial institutions insured by the Federal Deposit Insurance Corp. earned a total of $280 million in the three months that ended March 31, up 5.6 percent from combined earnings of $265 million for the 2016 first quarter   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  Midwest |  East |  Wisconsin | 
Anchorage police: Credit union robbery suspect has been arrested
Anchorage police: Credit union robbery suspect has been arrested Anchorage police said in a Friday night alert that a woman suspected of robbing two local credit unions this week has been taken into custody. In a text message, police said 41-year-old Jennifer Trengrove was arrested "without incident." The police department previously described Trengrove as a person of interest in the case. Just before 5 p.m. Wednesday, a woman walked into Alaska USA Federal Credit Union on 125 E   Read More ...
Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Anchorage | 
China central bank denies measures on dollar deposit
The People's Bank of China (PBOC) has denied reports that commercial banks were asked to deposit all their U.S. dollars into the central bank. The People's Bank of China said on its Weibo account Friday evening that there were no such measures and the dollar's liquidity is normal in the banking system. Capital outflows have remained tame in China as the currency, the yuan, has stabilized from previous depreciation   Read More ...
Categories: Business | 
Places: United States |  Asia |  E. Asia |  China | 
Canada backs off blockchain interbank payment system
Canada backs off blockchain interbank payment system The Bank of Canada (BoC) has said no to using distributed ledger technology (DLT), also known as the blockchain, after a year-long investigation into whether it could provide the underlying infrastructure for the country's interbank payment system. The central bank's negative viewpoint on the suitability of DLT was published in a column in The Globe and Mail newspaper yesterday, where the BoC Senior Deputy Governor Carolyn Wilkins and Gerry Gaetz of Payments Canada, the country's payment and settlement operator, concluded that "too many hurdles" had to be overcome for a blockchain-based infrastructure to be viable   Read More ...
Categories: Business |  Technology | 
Places: United States |  Canada | 
UPDATE: 'Person of interest' identified in connection with two bank robberies
UPDATE: 'Person of interest' identified in connection with two bank robberies Police have identified what they're calling a "person of interest" in two bank robberies. They say Jennifer Trengove, 41, has been developed as someone police are looking for after she was seemingly caught on two security cameras during bank robberies in Anchorage. The second location was, like the first, an Alaska USA Federal Credit Union. It's located at 310 E. Northern Lights Boulevard   Read More ...
Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska | 
Vodafone's M-pesa money service to expand further into Africa: CEO
NAIROBI Vodafone's popular mobile financial services M-Pesa will expand into more African countries, giving millions of people access to banking services without the need for a bank account, the chief executive of Safaricom said. M-Pesa was set up a decade ago by Safaricom, Vodafone's Kenyan business, and has long been expected to push further across Africa. Its technology lets users with even a basic mobile handset borrow money and save through partnerships with local banks   Read More ...
Categories: Business | 
Places: Kenya |  Africa |  Sub-Saharan |  E. Africa |  United States | 
FBI asks for help finding suspect in 2 Anchorage credit union robberies in 2 days
FBI asks for help finding suspect in 2 Anchorage credit union robberies in 2 days Two separate Alaska USA Federal Credit Union branches were robbed in two days in Anchorage, and the FBI is asking for the public's help finding the suspect. Just before 5 p.m. Wednesday, a woman walked into Alaska USA Federal Credit Union on 125 E. Dimond Blvd., the FBI wrote in a release. Anchorage police indentified a person of interest in the robberies as 41-year-old Jennifer Trengrove   Read More ...
Categories: Business |  Law & Crime | 
Places: Americas |  North America |  United States |  West |  Pacific |  Alaska |  Anchorage | 
China central bank denies reports it told banks to deposit dollars
China central bank denies reports it told banks to deposit dollars BEIJING China's central bank has not adopted any measures requiring commercial banks to deposit dollars with it, the People's Bank of China (PBOC) said on Friday. Reports that the central bank had ordered such deposits in order to meet liquidity needs were not true, it said on its official account on China's Twitter-like Weibo. Current dollar liquidity in the banking system is normal, the central bank added   Read More ...
Categories: Business | 
Places: United States |  North |  Beijing | 
First Bank of Alabama acquires Bank of Wedowee
First Bank of Alabama acquires Bank of Wedowee First Bank of Alabama is acquiring Bank of Wedowee, giving the east Alabama bank a total of six locations. Once completed, the transaction means First Bank of Alabama will have approximately $530 million in total assets, $270 million in total loans and $445 million in deposits. It also expands First Bank of Alabama's presence, adding three full-service branches in Randolph County   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  South |  Southeast US |  Alabama | 
China Exerts More Control Over Its Currency With Tweak to Yuan Fix
China Exerts More Control Over Its Currency With Tweak to Yuan Fix Updated May 26, 2017 7:35 a.m. ET BEIJING—China’s central bank said it was tweaking the mechanism for setting the yuan’s daily fix to smooth out fluctuations against the dollar, an acknowledgment that the country is hitching the yuan’s value closer to the U.S. currency. The People’s Bank of China said it was adding a “countercyclical” component to its model to prevent big swings   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
RBI ex-chief Rajan: In a post-crisis world, this is where the new economic risks are
RBI ex-chief Rajan: In a post-crisis world, this is where the new economic risks are The world's banks have become safer since the global financial crisis but economic risks have spread elsewhere, Raghuram Rajan, the former governor of the Reserve Bank of India, told CNBC on Friday. "Banks are in a much safer place than they were. The problem is the overall level of risk in the economy hasn't diminished considerably. If you make the banks safer, it has to go somewhere else," said Rajan, who is currently a professor of finance at the University of Chicago Booth School of Business   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Taiwan's Cathay Financial units to buy Bank of Nova Scotia's Malaysian arm
TAIPEI May 26 Taiwan's Cathay Financial Holdings said its two subsidiaries have completed an agreement to acquire the Malaysia unit of The Bank of Nova Scotia for $255 million. The subsidiaries, Cathay United Bank and Cathay Life, will split the stake at 51 percent and 49 percent respectively, according to a company statement. The deal is expected to be completed in the second half of this year   Read More ...
Categories: Business | 
Places: United States |  Asia |  S.E. Asia |  Malaysia | 
GOP to drop effort to remove caps on debit card fees in win for retailers
GOP to drop effort to remove caps on debit card fees in win for retailers A plan that would have removed limits on what banks can charge retailers for debt card fees won't be part of financial reform legislation making its way through Congress. House Republicans had planned to repeal the so-called Durbin amendment, a measure opposed by banks but supported by merchants who complained they had to shoulder the burden of rising debit card fees that issuers were charging   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
CANADA STOCKS-TSX dips as oil price drop offsets bank earnings
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Categories: Business | 
Tags: Earnings |  Banks & Banking | 
Places: United States |  Canada |  United Kingdom | 
Congress ends effort to kill limits on debit card fees
Washington Banks were regrouping on Thursday, a day after being handed a large defeat in the U.S. House, where Republicans sided with retailers in agreeing to preserve limits on debit card fees. The financial industry insisted it was not done fighting to remove limits on the fees. Retailers were already looking to carry the fight to credit card fees. "We are glad this fight is over, and are happy with our victory," said Austen Jensen with the Retail Industry Leaders Association   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Why Should the Big Banks Get Free Money?
Why Should the Big Banks Get Free Money? The alchemy of capitalism is that they use these loans, which of course must be paid back, to start and expand companies, to build plants and equipment, and to hire employees and, it is hoped, pay them higher wages. The difference between what banks pay depositors for use of their money and what banks charge borrowers to get this money is known as “the spread,” and forms much of what becomes the extraordinary profits described above   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
BB&T building new facility in Huntington
BB&T building new facility in Huntington HUNTINGTON - The BB&T bank drive-thru and ATM area at the intersection of 1st Street and 6th Avenue in the West End of Huntington was demolished last week. A temporary drive-thru with an ATM has been installed at the site while construction on a new branch building takes place. Walk-in service is still available at the current bank building at the 10 West 6th Ave   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West Virginia |  Huntington | 
BRIEF-CIBC retail head expects growth in Toronto housing market to moderate
May 25 Canadian Imperial Bank Of Commerce. * Cibc retail head says expects growth in toronto housing market to moderate, monitoring market Further company coverage: (Reporting by Matt Scuffham) TORONTO, May 25 Canada's main stock index opened higher on Thursday, boosted by earnings that beat market expectations at three of the country's biggest banks. * Shares jump 17 pct in early trading (Adds details; updates shares) * Diana Shipping Inc announces time charter contracts for M/V Astarte with Glencore and M/V Erato with Phaethon   Read More ...
Categories: Business |  Real Estate | 
Places: United States |  Canada |  Central |  Ontario |  Toronto | 
CANADA STOCKS-TSX rises as trio of banks beat earnings expectations
TORONTO May 25 Canada's main stock index opened higher on Thursday, boosted by earnings that beat market expectations at three of the country's biggest banks. The Toronto Stock Exchange's S&P/TSX composite index was up 38.67 points, or 0.25 percent, to 15,458.16 shortly after the open. The financials group gained 1.0 percent. (Reporting by Alastair Sharp) * "Bail in" fears hit lenders' senior bonds (Recasts with economy minister's comment) * Says declared a regular quarterly dividend of $0   Read More ...
Categories: Business | 
Places: United States |  Canada |  Central |  Ontario |  Toronto | 
BRIEF-Stonecastle Financial Corp announces amended and improved credit facility with TEXAS CAPITAL BANK
May 25 Stonecastle Financial Corp. * Stonecastle Financial Corp announces amended and improved credit facility with Texas Capital Bank and newly assigned investment grade corporate issuer rating of "A+" from Kroll Bond Rating Agency. * Amended changes to terms includes maturity date of facility extended for a full five years to May 16, 2022. * Cost of facility has decreased to a significantly lower credit spread of LIBOR +2   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  South |  Southcentral US |  Texas | 
Central banks launch forex market code of conduct
Central banks launch forex market code of conduct LONDON Regulators and leading financial firms launched a new code of conduct for global currency trading on Thursday, including measures aimed at ensuring its universal adoption by the world's major financial institutions. CARACAS Venezuela set a range on Wednesday for the first offer in its new DICOM foreign exchange mechanism, effectively devaluing the previous SIMADI exchange rate by at least 60 percent as the currency continues its slide   Read More ...
Categories: Business | 
Places: United States | 
BRIEF-Royal Bank of Canada Q2 diluted EPS $1.85
TORONTO, May 25 Royal Bank of Canada reported an 11 percent increase in second quarter earnings, beating market forecasts, helped by a strong performance in its capital markets and wealth management businesses. * Aerie Pharmaceuticals - on May 25, co entered into controlled equity offering sales agreement with Cantor Fitzgerald & Co. - SEC filing.   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States |  Canada |  Central |  Ontario |  Toronto | 
BRIEF-Christopher & Banks Corporation's Q1 sales $88.6 million
May 25 Christopher & Banks Corp. * Christopher & Banks Corporation reports first quarter fiscal 2017 financial results. * Q1 sales $88.6 million. * Q1 loss per share $0.10 * Qtrly comparable sales decreased 8.9% following a 6.2% increase in same period last year. * Cash, cash-equivalents and investments totaled $28.3 million as of April 29, 2017. * Gross margin rate in quarter decreased 320 basis points to 34   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
Royal Bank of Canada's quarterly earnings beat market forecasts
(Adds details) TORONTO May 25 Royal Bank of Canada reported an 11 percent increase in second quarter earnings, beating market forecasts, helped by a strong performance in its capital markets and wealth management businesses. Net income increased by 9 percent from the year before to C$2.8 billion ($2.1 billion). The bank said net income at its wealth management business increased by 12 percent from a year ago to C$431 million, benefiting from strong equity markets   Read More ...
Categories: Business | 
Places: United States |  Canada | 
Banks and funds will never quite be forex friends
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Categories: Business | 
Tags: Banks & Banking | 
Places: United States |  Europe |  N.W. Europe |  United Kingdom | 
Maine’s mortgage lending industry in midst of big changes
Maine’s mortgage lending industry in midst of big changes Maine’s residential mortgage lending industry bears little resemblance to its prerecession version as changing conditions have shuffled the deck of top lenders and created new choices for borrowers. Gone is the dominance of mega-banks such as Bank of America, and in their place are regional community banks and non-bank lenders that specialize in home mortgages. Two of the biggest non-bank players in Maine today are South Portland-based Residential Mortgage Services Inc   Read More ...
Categories: Business |  Real Estate | 
Places: North America |  United States |  Northeast |  New England |  Maine | 
Central bank suspends cash withdrawals
China's central bank on Thursday suspended money withdrawals from the market, after draining cash for two consecutive days. The People's Bank of China (PBOC) conducted 70 billion yuan (about 10.2 billion U.S. dollars) of reverse repos. The injection saw no cash pumped into or drained from the market on Thursday, offset by 70 billion yuan in maturing reverse repos. The operations included 60 billion yuan of seven-day reverse repos priced to yield 2   Read More ...
Categories: Business | 
Places: United States |  Asia |  E. Asia |  China | 
Central bank prudence ushers in lower euro zone bond yields
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Categories: Business | 
Tags: Banks & Banking |  Central Bank | 
Places: United States |  Europe |  N.W. Europe |  United Kingdom | 
RPT-UPDATE 1-Citi narrowly tops annual FX traders ranking
(Repeats Wednesday's story without changes) By Patrick Graham. LONDON May 24 U.S. bank Citi held on to top spot in the foreign exchange industry’s main annual ranking of traders by volume on Wednesday despite losing around 2 percent in market share, results showed. The survey by financial publishers Euromoney showed overall market share among the top five banks in the $5 trillion a day market falling to 41 percent from just under 45 percent a year ago   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
RPT-Citi narrowly tops annual FX traders ranking
(Repeats Wednesday's story without changes) LONDON May 24 U.S. bank Citi held on to top spot in the foreign exchange industry’s main annual ranking of traders by volume on Wednesday despite losing around 2 percent in market share, results showed. The survey by financial publishers Euromoney showed overall market share among the top five banks who dominate the world’s biggest financial market fell to 41 percent from just under 45 percent a year ago   Read More ...
Categories: Business | 
Places: Americas |  North America |  United States | 
IMF approves loan to Mongolia to finance reforms
BEIJING – The International Monetary Fund has approved a $434 million loan to Mongolia to finance reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said Thursday other financing partners including the Asian Development Bank, the World Bank, Japan and South Korea also have promised to provide up a total of up to $3 billion in additional support   Read More ...
Categories: Business | 
Places: United States |  North |  Beijing | 
IMF approves loan to Mongolia to finance reforms
The International Monetary Fund has approved a $434 million loan to Mongolia to finance reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said Thursday other financing partners including the Asian Development Bank, the World Bank, Japan and South Korea also have promised to provide up a total of up to $3 billion in additional support   Read More ...
Categories: Business | 
Places: United States | 
IMF approves loan to Mongolia to finance reforms
BEIJING (AP) — The International Monetary Fund has approved a $434 million loan to Mongolia to finance reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said Thursday other financing partners including the Asian Development Bank, the World Bank, Japan and South Korea also have promised to provide up a total of up to $3 billion in additional support   Read More ...
Categories: Business | 
Places: United States |  North |  Beijing | 
IMF approves loan to Mongolia to finance reforms
BEIJING (AP) — The International Monetary Fund has approved a $434 million loan to Mongolia to finance reforms meant to revive economic growth and reduce reliance on mineral exports. The fund said Thursday other financing partners including the Asian Development Bank, the World Bank, Japan and South Korea also have promised to provide up a total of up to $3 billion in additional support   Read More ...
Categories: Business | 
Places: United States |  North |  Beijing | 
FBI, APD searching for bank robbery suspect
FBI, APD searching for bank robbery suspect Both federal and local authorities are on the lookout for a female who robbed an Anchorage bank early Wednesday evening. Just before 5 p.m., the FBI says a white female entered the Alaska USA Federal Credit Union in the 100 block of Dimond Boulevard and handed the bank teller a note, which authorities say implied […] RAW: Dashcam shows moments before APD confronts serial killer The Anchorage Police Department has released raw dash cam footage of the early morning hours of November 12, 2016, when James Dale Ritchie was killed after he opened fire on police   Read More ...
Categories: Business |  Law & Crime | 
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Tibet offers loans to encourage start-ups
A bank in China's Tibet Autonomous Region is providing loans of up to 2 million yuan (about 290,000 U.S. dollars) to start-ups. According to the Lhasa office of the People's Bank of China, the policy will benefit individual start-ups and businesses set up with partners, which are entitled to credit lines of 500,000 yuan and 2 million yuan respectively. The lending bank is the Tibetan branch of Postal Savings Bank of China and its local offices   Read More ...
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House Democrats ask Deutsche for information on Trump Russia loans
House Democrats ask Deutsche for information on Trump Russia loans Congressional Democrats investigating alleged ties between President Donald Trump's political campaign and Russia are seeking information from Deutsche Bank. In a letter Tuesday to Deutsche U.S. CEO John Cryan, five legislators ask for results from internal reviews the bank conducted on matters relating to Russia. One involves the "mirror trading" scandal for which Deutsche already has paid $630 million in fines, the other being personal accounts for Trump family members at the bank   Read More ...
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