WAYZATA, Minn.-- TCF National Bank said Friday it will pay a $10 million penalty to resolve a regulatory reporting issue with the Office of the Comptroller of the Currency. The regional bank, owned by TCF Financial Corp., failed several years ago to file a regulatory report on time that noted suspicious activity as required under the Bank Secrecy Act, or BSA.
JACKSON, Miss.-- Regional bank Trustmark Corp. said profit in 2012' s fourth quarter rose 14 percent from the same three months of 2011, as bad loans fell and the bank made more from writing new mortgages. Trustmark said Tuesday it made a quarterly profit of $27.7 million, or 43 cents per share, up from $24.3 million, or 38 cents per share, in 2011' s fourth quarter.
DALLAS-- Regional banking company Comerica Inc. said Tuesday its board increased its quarterly dividend by 13 percent, to 17 cents from 15 cents. Last week, the company reported a 35 percent jump in fourth-quarter net income, as Comerica set aside less reserves for bad loans. Comerica shares ended Tuesday trading up 13 cents at $33.79.
BIRMINGHAM, Ala.-- Regions Financial Corp. swung to a gain in the fourth quarter after a year-ago period weighed down by the sale of an investment management subsidiary. Regions' net income was $261 million, or 18 cents per share, in the period ended Dec. 31. That compares with a loss of $602 million, or 48 cents per share, in the same period a year earlier.
TOKYO, Jan 8- Yields on benchmark 10- year Japanese government bonds eased on Tuesday as an auction of 2.3 trillion yen worth of similar maturities went well, although the tone in the market remained weak. We saw real demand from regional banks, "said Tadashi Matsukawa, head of Japan fixed income at PineBridge Investments.
WASHINGTON, Nov 20- The Federal Reserve declined conflicting requests from two regional Fed boards to change the rate it charges for emergency loans to banks, keeping it steady at 0.75 percent.