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Europe ends 1.7% down as bank earnings weigh; miners tank 6.4%

CNBC - ‎31 minutes ago‎
European markets ended sharply lower on Tuesday as earnings from leading banks disappointed investors, and a sharp decline in mining and autos stocks weighed on sentiment.
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Why you shouldn't be worried about India's bad loans: State bank

CNBC - ‎8 hours ago‎
The State Bank of India has moved to quash mounting concerns over India's banking sector after a Reserve Bank of India (RBI) asset quality review uncovered mounting debts in the sector. Asked whether a banking crisis was unfolding in India, Arundhati ...
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The Unnamed Beneficiary of an Italian Bank Bailout

Wall Street Journal - ‎19 hours ago‎
MILAN—The weekend's government-orchestrated bailout of Italy's seventh-largest lender may have had a pressing, second goal: Protecting the country's largest bank. The lender that was bailed out—Banca Popolare di Vicenza SpA—said late Saturday it ...
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ECB Set to Agree on Withdrawing €500 Bank Notes

Wall Street Journal - ‎1 hour ago‎
FRANKFURT—The European Central Bank is poised to agree to stop printing its largest-denomination bank note at a meeting Wednesday, according to people familiar with the matter.
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Reserve Bank of Australia Cuts Benchmark Rate

Wall Street Journal - ‎11 hours ago‎
SYDNEY—Australia's central bank cut interest rates for the first time in a year, pushed by record-low inflation and a strong local currency, in a decision that brings the bank into line with its global peers. The Reserve Bank of Australia on Tuesday ...
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The Bank of Mum and Dad is huge, but not enough to solve housing crisis

Telegraph.co.uk - ‎17 hours ago‎
If you are aged 50-plus and have children, then the UK's strongest “Challenger Bank” is probably headquartered in your living room.

Pickering bank machine break-in a bust

Toronto Sun - ‎2 hours ago‎
A woman is sought after trying to break into a bank machine in Pickering using a crowbar and blowtorch last week. Durham Regional Police say the would-be bandit fled empty-handed on April 26, but not before her image was captured by security cameras.
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BNP Paribas net profit up 10% but investment bank takes hit

CNBC - ‎11 hours ago‎
French bank BNP Paribas reported a 10 percent rise in net profit in the first quarter, beating expectations, but its investment banking division took a hit from a volatile market environment. Net income came in at 1.814 billion euros ($2.09 billion ...
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Bank short sellers emboldened by ANZ, Westpac results

Sydney Morning Herald - ‎17 hours ago‎
ANZ's profit dive on Tuesday and Westpac's disappointing interim result on Monday has vindicated record levels of bank short selling. About 2.3 per cent of the big four banks' stock was short sold as of April 29, the highest level since shorting was ...
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Bank of Japan made 'fateful' error last week, says Goldman Sachs

CNBC - ‎6 hours ago‎
The Bank of Japan (BoJ) made a "fateful miscalculation" when it opted to hold interest rates at its meeting last week, Goldman Sachs has said.
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Canadian Western's credit loss forecast shows banks' oilpatch woes far from over, analyst warns

Financial Post - ‎2 hours ago‎
Canadian Western Bank pre-announced expectations for oil-related credit losses Tuesday, prompting CIBC World Markets Inc. analyst Rob Sedran to conclude banks “are hardly out the other side” of the weak oil price environment, despite the beginnings of ...

Bank Scandals And Buy Ratings Offer Reality Check in Sweden

Bloomberg - ‎8 hours ago‎
Nordea Bank AB and Swedbank AB are both the best ranked Swedish bank stocks. Swedbank this year lost its chief executive officer following accusations of insider trading of which he was subsequently cleared.
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Barclays.net Bank Holiday outage leaves firms unable to process payments

The Register - ‎5 hours ago‎
Barclays.net has been shrugging off business customers' login attempts since Friday, leaving many unable to process payments over the bank holiday weekend. Problems with the business banking service peaked on Friday, with customers complaining that ...
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ISS backs proposal for audit at Deutsche Bank

Financial Times - ‎32 minutes ago‎
Shareholder adviser ISS has backed a proposal for a special audit on whether Deutsche Bank's supervisory or management board members breached their duties in how they dealt with the German bank's past legal entanglements. Deutsche's legal woes ...
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Deutsche Bank North America CEO Jacques Brand to Leave for PJT Partners

Wall Street Journal - ‎14 hours ago‎
Deutsche Bank said in a statement Monday night that Mr. Brand is leaving “to pursue another opportunity,” without elaborating on his plans.

Opinion: Succession plans maintain central-bank freedom

MarketWatch - ‎3 hours ago‎
The post-financial crisis extension of central bankers' responsibilities into policy areas overlapping with governments makes them vulnerable to political pressures, especially since these central banks frequently seem to be acting as governmental ...
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$115 million scandal: Fidelity Bank appoints new MD

Premium Times - ‎9 hours ago‎
Managing Director and Chief Executive Officer, to replace its embattled CEO, Nnamdi Okonkwo, who is still being detained by the Economic and Financial Crimes Commission, EFCC.
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How foundations linked to Hungary's central bank used $1 billion

The Economist - ‎May 2, 2016‎
The development at 21 Uri Street is part of a growing scandal over foundations created by the national bank, which critics say are often run for the benefit of the government and its allies.

BANK OF AMERICA: We've never seen investors rush to sell stocks like this before

Business Insider - ‎3 hours ago‎
In a note Tuesday, equity and quant strategist Jill Carey Hall said the firm's institutional clients were net sellers of stocks for a 14th straight week.
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BofA says it settled Seattle Bank mortgage suit for $190 Million

Charlotte Observer - ‎3 hours ago‎
Charlotte-based Bank of America Corp. said it reached a $190 million agreement to resolve a six-year-old legal claim from Federal Home Loan Bank of Seattle over mortgage-backed securities sold before the financial crisis. John Taggart Bloomberg.
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