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Finance Banks

  • First NBC was closed by the Louisiana Office of Financial Institutions, which appointed the Federal Deposit Insurance Corporation as the receiver. The regulator said Gulfport, Mississippi- based Whitney Bank would assume all of First NBC's transactional deposits and branches. Whitney Bank will reopen 24 branches of First NBC in Louisiana and five branches...

  • YOKOHAMA, Japan Bank of Japan Governor Haruhiko Kuroda, Asian Development Bank President Takehiko Nakao will speak at Global Think Tank Summit ahead of ADB's annual meeting. SYDNEY- Reserve Bank of Australia board meeting on monetary policy- 0430 GMT. TOKYO- ASEAN +3 Finance and Central Bank Deputies Meeting Working Group.

  • Regulators on Friday seized New Orleans- based First NBC Bank in the costliest bank failure since the financial crisis, with cleanup costs estimated at $1 billion. Hancock Holding Co. of Gulfport, Mississippi, bought $1.6 billion in deposits and $1 billion in assets, including $600 million in cash. The last time the FDIC paid more than $1 billion to absorb losses...

  • President Donald Trump speaks during an interview with Reuters in the Oval Office of the White House in Washington, U.S., April 27, 2017.

    The "Fast Money" traders debate whether to stick with high performing technology and healthcare stocks or take a chance with financial and energy names.

  • Earnings bonanza brings many chances to buy

    Jim Cramer looks ahead to a tidal wave of earnings and seeks out buying opportunities.

  • Cramer's game plan: An earnings bonanza brings many chances to buy

    Jim Cramer looks ahead to a tidal wave of earnings and seeks out buying opportunities.

  • Cash purchase

    Jim Cramer looks ahead to a tidal wave of earnings and seeks out buying opportunities.

  • FORT LAUDERDALE, Fla. _ Stonegate Bank on Friday reported first-quarter net income of $8 million. Stonegate Bank shares have climbed 10 percent since the beginning of the year. Keywords: Stonegate Bank, Earnings Report.

  • ASUNCION, April 28- Paraguay's central bank raised its forecast for the country's 2017 growth to 4.2 percent on Friday, up from a previous estimate of 3.7 percent, driven by larger agricultural output in the soy- and beef-exporting nation. Last week, central bank chief Carlos Fernandez told Reuters in an interview the economy would grow just over 4 percent.

  • Best credit cards

    Is it time for a new credit card? Each one offers something different, whether it’s rewards points, cash back, or zero interest balance transfers. We ask financial planner Reed Fraasa to sort through the offers and costs to see which credit card could be the best match for you.

  • LONDON _ Lloyds Banking Group PLC on Thursday reported first-quarter profit of $1.1 billion. The London- based bank said it had earnings of 5 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • Sen. Elizabeth Warren (D-MA)

    Warren says she's "troubled" by reports that Barack Obama will be paid $400,000 to speak at a health care conference put on by a Wall Street firm.

  • *Globe's top wealth manager has 5,000 staff in London. ZURICH, April 28- The head of UBS, one of Europe's leading financial groups, has criticised the British government for failing to encourage banks to stay in London after Brexit, predicting that many would soon trigger plans to shift operations elsewhere. "The UK is not really helping this process by trying to...

  • BEIJING/ SHANGHAI, April 28- China's biggest listed banks posted results that showed shrinking interest margins caused first-quarter profits to be near-flat, although there was a glimmer of hope as the pace of mounting bad debts slowed at some of the lenders. The Big Five lenders- Industrial and Commercial Bank of China, China Construction Bank Corp,...

  • Lloyd Blankfein, Chairman and CEO of Goldman Sachs.

    This vote was notably different than that of last year, when only 66 percent of shareholders voted in favor of Goldman's "say on pay."

  • April 28- Russian Economy Minister Maxim Oreshkin said on Friday he expected the central bank to make more interest rate cuts this year. The central bank lowered its key rate to 9.25 percent from 9.75 percent on Friday. "I expect the continuing softening of monetary and credit conditions in the next months through real interest rates and exchange rates," said...

  • *Von Moltke to join Deutsche Bank from Citi in July. Von Moltke will join Germany's flagship lender from Citi, where he has worked as treasurer since 2015 after earlier looking after the bank's financial planning and analysis. Von Moltke is related to Helmuth von Moltke the Elder, the Prussian general widely seen as the architect of Otto von Bismarck's military...

  • BEIJING, April 28- Industrial and Commercial Bank of China Ltd posted a small rise in quarterly net profit that slightly missed estimates, but the world's top lender by assets appears to be turning the corner on bad debts. ICBC said on Friday net profit grew 1.37 percent in the three months through March to 75.8 billion yuan. Net interest margin, the difference...

  • A Wells Fargo bank branch in Washington, D.C.

    A lawsuit claims that Wells Fargo brought immigrants into a branch office and cajole them into opening bank accounts. NBC News reports.

  • BEIJING, April 28- Bank of China Ltd, the country's fourth-biggest lender by assets, posted flat first-quarter net profit growth on Friday, missing estimates as bad loans weighed on its balance sheet. Profit was 46.6 billion yuan in the three months ended March 31, flat from 46.6 billion yuan a year earlier. Its NPLs topped 150.3 billion yuan at end-March compared...

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