Finance Banks

  • STUART, Fla. _ Seacoast Banking Corp. of Florida on Thursday reported first-quarter profit of $18 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. Four analysts surveyed by Zacks expected $62.9 million.

  • FRANKFURT, April 26- Deutsche Bank moved to end its nightmare on Wall Street on Thursday as its new chief executive Christian Sewing called time on three expensive decades struggling to become a global investment bank with a retreat to Europe. Sewing said Deutsche would cut back bond and equities trading, where it has been unable to break the grip of the U.S....

  • A customer leaves an ATM at a Wells Fargo branch in Denver.

    The U.S. Labor Department is reportedly looking into Wells Fargo's 401(k) practices, and whether the bank is pushing its customers into more expensive plans, The Wall Street Journal reported Thursday.

  • TACOMA, Wash. _ Columbia Banking System Inc. on Thursday reported first-quarter net income of $40 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 69 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • FRANKFURT, Germany— The Latest on the European Central Bank's monetary policy meeting:. European Central Bank President Mario Draghi says recent data point to "some moderation" in economic growth in the 19- country eurozone. If growth slows significantly, that could be a reason to extend the bank's 30 billion euros in bond purchases.

  • FRANKFURT, Germany— European Central Bank leaves its key interest rates and stimulus settings unchanged as it weighs mixed signs on economy.

  • Barclays Bank's UK headquarters in Canary Wharf, London.

    Barclaysand PayPal have announced a partnership that will see them explore ways to combine their services for customers.

  • *Sweden's c.bank keeps policy unchanged. LONDON, April 26- The euro edged off eight-week lows on Thursday as traders readied for a European Central Bank meeting, when investors will be searching for any signals about when the bank will begin unwinding its stimulus. The ECB decision is due at 1145 GMT and president Mario Draghi will begin his press conference at...

  • DSW Vice President Klaus Nieding speaks about Deutsche Bank as the German lender delivers its first-quarter earnings report.

  • Technology stocks in Asia had a nice run, now look at financials

    Adrian Zuercher of UBS says financials are a good play over some Asian technology manufacturing names now as smartphone sales have slowed.

  • LONDON, April 26- Encouraging results and a recovery among industrials helped European stock markets on Thursday, while earnings disappointments weighed heavily on some stocks including Germany's Deutsche Bank. Norway's largest bank, DNB, jumped 6.2 percent meanwhile after profit beat expectations as a pick-up in activity in the oil sector wiped the bank...

  • LONDON— British banking giant Barclays swung to a loss in the first quarter as it set aside 2 billion pounds to cover past misconduct, including allegations related to subprime mortgages in the United States. Barclays paid 1.4 billion pounds to settle a U.S. Justice Department complaint about residential mortgage-backed securities sold in 2005-2007 and set...

  • LONDON, April 26- Paul Pester, chief executive of British bank TSB whose customers have been hit by severe problems using online banking services, said he would take control of the bank's IT platform on Thursday and bring in IBM experts to fix the problems. The online problems, now in their sixth day, follow a planned migration over the weekend of TSB's computer...

  • Improved income at its investment bank helped Barclays report a better than expected first quarter pretax profit.

  • FRANKFURT, Germany— Deutsche Bank will take another step back from its decades-long global expansion, announcing Thursday that it will focus its investment banking business more on Europe and reduce operations in the U.S. and Asia. The figure was short of analyst expectations for 374 million euros and down sharply from 575 million euros a year earlier.

  • Revolut CEO Nikolay Storonsky.

    DST Global, a company that was early investor in Facebook and Spotify, led the funding round.

  • FRANKFURT, Germany— The head of the European Central Bank says recent signs of weakening economic growth are grounds for caution but not worrisome enough yet to consider changing the bank's stimulus and interest rate policy. Mario Draghi said Thursday that recent data points to "some moderation" in the economic growth in the 19 countries that use the euro, while...

  • The Indonesian central bank is 'on the ball' in monitoring rupiah-dollar

    Satinder Pal Singh Ahluwalia of Bank Danamon says the Indonesian rupiah has "always moved" in the second quarter of the year for the "last many, many years."

  • A general view of properties in Neutral Bay on April 28, 2016 in Sydney, Australia.

    Banks within the Asia Pacific region are set to face higher risks from property, according to Fitch Ratings.

  • OTTAWA, April 25- Bank of Canada Governor Stephen Poloz said on Wednesday the economy was "finally positive" after a long adjustment to a sharp fall in oil prices, but he added there was still softness in several areas of the country. Poloz also told the Senate's banking committee that while interest rates would go up from their current low levels, moving too quickly...

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