BANKING INDUSTRY NEWS

• Bank of America Merrill Lynch: A strong China trade deal could unleash a double-digit rally - CNBC [Read Full Story ]
  Wed, 20 Feb 2019 12:35:51 GMT
  Bank of America Merrill Lynch: A strong China trade deal could unleash a double-digit rally  CNBC

  The "real deal" could spark a 10 percent rally in the S&P, Bank of America's Savita Subramanian says.

  
  
  
• Government To Infuse Rs 48,239 Crore Into 12 State-Run Banks - NDTV News [Read Full Story ]
  Wed, 20 Feb 2019 11:27:00 GMT
  Government To Infuse Rs 48,239 Crore Into 12 State-Run Banks  NDTV News

  Corporation Bank is the biggest beneficiary of this round of capital infusion with Rs 9086 crore of funding.

  
  
  
• Jackie Robinson was the 'Jackie Robinson' of banking in Harlem - Yahoo Finance [Read Full Story ]
  Tue, 19 Feb 2019 19:21:00 GMT
  Jackie Robinson was the 'Jackie Robinson' of banking in Harlem  Yahoo Finance

  In 1947, Jackie Robinson broke Major League Baseball's (MLB) color barrier and integrated the game. But the MLB Hall of Famer and Brooklyn Dodger was ...

  
  
  
• Bank of America's US head of equity derivatives quits - Business Insider [Read Full Story ]
  Wed, 20 Feb 2019 02:17:27 GMT
  Bank of America's US head of equity derivatives quits  Business Insider

  Bank of America's head of equity derivatives, a 35-year-old star trader, is leaving the company, according to people familiar with the matter.

  
  
  
• Billions of kronor may have been laundered through major Swedish bank - The Local Sweden [Read Full Story ]
  Wed, 20 Feb 2019 07:42:38 GMT
  Billions of kronor may have been laundered through major Swedish bank  The Local Sweden

  One of Sweden's major banks is thought to have been used for the laundering of millions of kronor over a period of several years.

  
  
  
• Credit union says skimmer was used in bank card scheme - WILX-TV [Read Full Story ]
  Wed, 20 Feb 2019 04:16:00 GMT
  Credit union says skimmer was used in bank card scheme  WILX-TV

  American One Credit Union managers say they believe a skimmer was used to steal card information from 600 ATM users in Jackson.

  
  
  
• Bay Street braces for mortgage slowdown as bank earnings loom - BNNBloomberg.ca [Read Full Story ]
  Wed, 20 Feb 2019 17:41:52 GMT
  Bay Street braces for mortgage slowdown as bank earnings loom  BNNBloomberg.ca

  We're on the eve of another set of quarterly results from Canada's big banks and, without doubt, the segment of their results that bears the most watching is the ...

  
  
  
• Bank of New Hampshire sees dramatic growth | Local News - The Laconia Daily Sun [Read Full Story ]
  Tue, 19 Feb 2019 20:27:00 GMT
  Bank of New Hampshire sees dramatic growth | Local News  The Laconia Daily Sun

  LACONIA " Paul J. Falvey's two-year tenure as president and chief executive officer of the Bank of New Hampshire has been a time of dramatic growth.

  
  
  
• Erdogan Makes Cheap Loans a Central Plank in Campaign Trail - Bloomberg [Read Full Story ]
  Wed, 20 Feb 2019 03:00:00 GMT
  Erdogan Makes Cheap Loans a Central Plank in Campaign Trail  Bloomberg

  Turkey's government is making cheap credit a key part of its campaign, pushing banks to take on greater risks in an economy that's already teetering on the brink ...

  
  
  
• Michigan wants to help pot businesses bank cash - The Detroit News [Read Full Story ]
  Wed, 20 Feb 2019 04:30:00 GMT
  Michigan wants to help pot businesses bank cash  The Detroit News

  Michigan receives more than $1 million a month in taxes from licensed medical marijuana firms, and most of it is coming in the form of cash.

  
  
  
• Japanese Bank Head Endorse Ripple (XRP) says Bitcoin (BTC) Has no Value - newsBTC [Read Full Story ]
  Wed, 20 Feb 2019 18:00:00 GMT
  Japanese Bank Head Endorse Ripple (XRP) says Bitcoin (BTC) Has no Value  newsBTC

  Ripple price trajectory is up Yoshitaka Kitao endorses Ripple (XRP) Transactional volumes on the rise SBI Holdings and Yoshitaka Kitao are.

  
  
  
• Deutsche Bank Weighed Extending Trump Loans on Default Risk - Crain's Chicago Business [Read Full Story ]
  Wed, 20 Feb 2019 18:56:00 GMT
  Deutsche Bank Weighed Extending Trump Loans on Default Risk  Crain's Chicago Business

  Execs were concerned after the 2016 election that the Trump Organization might default on $340 million of loans"including for Trump's Chicago tower.

  
  
  
• Banks set to reveal earnings amid wobbly housing market, interest rate uncertainty - CBC.ca [Read Full Story ]
  Wed, 20 Feb 2019 15:24:31 GMT
  Banks set to reveal earnings amid wobbly housing market, interest rate uncertainty  CBC.ca

  Canada's biggest banks are set to report on what has traditionally been the strongest quarter of the year, but market volatility and slower mortgage growth during ...

  
  
  
• Why Bank of America (BAC) is a Great Dividend Stock Right Now - Yahoo Finance [Read Full Story ]
  Wed, 20 Feb 2019 14:15:00 GMT
  Why Bank of America (BAC) is a Great Dividend Stock Right Now  Yahoo Finance

  Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Bank of America (BAC) have what it takes ...

  
  
  
• Chemical Bank buys naming rights to Cobo Center - Crain's Detroit Business [Read Full Story ]
  Wed, 20 Feb 2019 01:54:30 GMT
  Chemical Bank buys naming rights to Cobo Center  Crain's Detroit Business

  Chemical Bank has purchased the naming rights of Cobo Center in a 22-year deal that will change the brand of Detroit's riverfront convention center as the bank ...

  
  
  
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