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News Headlines - banking


The Cannabist

New federal bill would allow banking for marijuana businesses
The Cannabist
A federal marijuana banking bill co-sponsored by U.S. Representatives in Colorado, Washington and Alaska would allow banks to serve cannabis businesses ...

and more »

RBS helped back to profit by new investment banking unit
Financial News (subscription)
Royal Bank of Scotland swung to a first-quarter profit from a large loss a year earlier, helped by soaring revenues at its newly-branded investment bank. Net profit in the first three months of 2017 amounted to £259 million, versus a £968 million net ...

and more »

WYFF Greenville

Banking companies from North and South Carolina announce merger plans
WYFF Greenville
South State Corporation and Park Sterling Corporation have announced the signing of a definitive merger agreement. Combining the two companies will create a $14.5 billion in assets franchise operating throughout the Carolinas, Virginia and Georgia.
Smaller banks keep buying each other – and a Charlotte name is going awayCharlotte Observer (blog)
UPDATED: Charlotte's Park Sterling Bank to merge with South State BankCharlotte Business Journal
South State Bank to gain entry into Richmond market from merger with Park SterlingRichmond.com

all 36 news articles »

Reuters

US House may not kill debit card fee limits: banking panel chair
Reuters
WASHINGTON The U.S. House banking chairman said on Thursday his attempt to eliminate limits on fees banks can charge retailers for debit card transactions may not survive as he pushes a bill to overhaul financial rules. Republican Representative Jeb ...
Republicans launch effort to roll back the Dodd-Frank banking regulationsWashington Post
Big Changes to Banking and Finance Regulation on the HorizonCompetitive Enterprise Institute (blog)
Top Democrat: GOP Bill Would Make Big Banks BiggerTheStreet.com
CNBC -The Spokesman-Review -Birmingham Business Journal -Financial Services Committee - House of Representatives
all 105 news articles »

CNBC

Banking to become open and a utility says FinTech chief - CNBC.com
CNBC
"Banking is the last vertically integrated sector left, but it is the next utility to face change," said Michael Laven, CEO of the financial technology (FinTech) firm ...

and more »

Wall Street Journal (subscription)

Deutsche Bank Slogs While Investment Banking Rivals Soar
Wall Street Journal (subscription)
If Deutsche Bank has found the right balance in investment banking, it is hard to spot the benefits. The German group failed to catch the same market recovery that boosted bond trading at U.S. rivals and Credit Suisse in the first quarter, while the ...


ZDNet

TrickBot banking Trojan steps up attacks against UK targets
ZDNet
TrickBot is targeting dozens of UK banks, including 'one of the oldest in the world'. Image: iStock. A sophisticated Trojan malware operation is targeting financial organisations across the globe -- but with a particular focus on the UK banking sector.


Bank of America survey small business optimism surging
Virginian-Pilot
NEW YORK (AP) — Small business owners' optimism about the economy has turned around dramatically since before the election, according to a survey released by Bank of America. The number of owners expecting the national economy to improve over ...

and more »

Wall Street Journal (subscription)

British Banking Braces for Hard Times
Wall Street Journal (subscription)
Brexit isn't the toughest challenge facing the City of London. Banks in Britain are still languishing in the doldrums brought on by the financial crisis of 2008. Weak banking activity and low investment returns have caused revenue to shrink, leading to ...

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