Markets

RBS Tells Staff Of Equity Job Cuts

Feb 10

Royal Bank of Scotland will start winding down parts of its equity capital markets and cash equities business, staff were told this morning by global head of equities Frank McKirgan.

Risk Management

National/Global

Barclays CEO Diamond: No Major Job Cuts Planned in 2012

Feb 10

Barclays CEO Bob Diamond said Friday that the U.K. bank didn't expect to launch any major drive to cut jobs in 2012.

National/Global

Regulatory Delay May Pay Off for Private Equity in ECB Deal

Robert Barba | Feb 09

Investors in the North Carolina bank get a chance to renegotiate for better terms after regulators said to move slowly in approving one of the firms.

Community Banking

Mergers & Acquisitions

Infographic: CD Watch

Feb 08

Wealth Management

Visa 1Q Profit Rises 16.4% as Transactions Jump

Feb 08

Visa posted a 16.4% increase in fiscal first-quarter profit as the company continued to benefit from consumers' increased use of plastic while grappling with new federal rules that affect debit-card purchases.

Cards/Payments

Consumer Finance

Texas Bankers Are Engaging in M&A Standoff

Rachel Witkowski | Feb 08

The Lone Star State seems like an ideal place to kickstart stagnant bank consolidation. But good markets and loan growth are convincing possible sellers to rebuff overtures from potential buyers.

Comments (2)

Mergers & Acquisitions

Community Banking

Lower Provision Boosts Profits at NASB Financial

Alan Kline | Feb 08

Shares of NASB Financial Inc. rose more than 6% Wednesday after the Grandview, Mo., thrift company said it earned $4.9 million in the quarter that ended Dec. 31, compared to a loss of $3 million in the the same period in 2010.

Community Banking

Grim Survival Rate for Banks Under Regulatory Orders

Harry Terris | Feb 08

Failure has been the most common way out of enforcement actions in the current cycle, but outcomes may be improving.

Risk Management

Regulation & Reform

BLOG OF THE DAY: Why Not Just Let Money Market Funds Fail?

Marc Hochstein | Feb 08

Rather than try to make money market funds safer, David Merkel essentially wants everyone to recognize and admit and deal with the reality that they aren’t safe.

Comments (3)

Regulation & Reform

Washington

Fed Delays Meeting on Capital One-ING Direct Deal

Donna Borak | Feb 08

The Federal Reserve Board postponed their closed session to discuss Capital One's merger with the online banking unit of ING until next week.

Comments (4)

Regulation & Reform

National/Global

Goldman Buys $6.2B in Mortgage Bonds from N.Y. Fed Portfolio

Al Yoon and Serena Ng | Feb 08

The Federal Reserve Bank of New York said it sold $6.2 billion in risky residential mortgage securities to Goldman Sachs in its second bulk sale from a portfolio taken on during the 2008 bailout of American International Group.

Consumer Finance

National/Global