News tagged with “based banks”. Found:
8 tagged news reports.
Your Search Returned 8 tagged news reports
Regions swings to loss on surging provisions
Jacksonville :: FL :: USA | 4 months ago
Credibility
Regions Financial Corp. swung to a loss in the second quarter on surging loan-loss provisions as the Southeast regional bank continues to see its credit quality suffer. Shares fell 5.94% premarket to $3.80 as the loss was wider than analysts expected.
Tags: Comerica Inc., common share, diluted common, Regions Financial Corp., regions banks, based banks, net loss
Wells Fargo slashes dividend, expects $5B savings
San Francisco :: CA :: USA | 9 months ago
Credibility Following the lead of other major banks, Wells Fargo & Co. ( WFC , News ) said Friday it will slash its dividend by 85 percent in an effort to save $5 billion annually. The San Francisco-based bank said it will cut its quarterly dividend to 5 cents from...
Tags: Wells Fargo & Co., fargo slashed, slashed dividend, major banks, based banks, quarterly dividend, billion annually
PNC Posts Loss, Keeps Dividend
National City :: CA :: USA | 10 months ago
Credibility PNC Financial Services Group Inc. said Tuesday it will shed about 5,800 jobs in absorbing rival National City Corp., and expects to continue paying its quarterly dividend -- even as it posted a fourth quarter loss. The Pittsburgh regional bank company,...
Tags: PNC Financial Services Group, National City Corp., PNC Posts Loss, quarter loss, fourth quarter, Northeast Ohio, credit provisions, based banks, costs associated, increased credit
Wash. state closes bank in Clark County
Vancouver :: WA :: USA | 10 months ago
Credibility The Washington state Department of Financial Institutions has closed the Vancouver-based Bank of Clark County because of inadequate capital and liquidity...The Federal Deposit Insurance Corp. became the bank's receiver. The bank will reopen on Tuesday...
Tags: Bank of Clark County, deposit insured, Federal Deposit Insurance Corp., insured corp, Washington Mutual, umpqua banks, inadequate capital, Umpqua Bank, regulators close, based banks
Is your money manager a crook?
Vienna :: Austria | 11 months ago
Credibility The list of Bernard Madoff's victims reads like a who's who of prominent business people, banks and financial firms. DreamWorks CEO Jeffrey Katzenberg reportedly invested millions. HBC , news , msgs ) and Austria's Bank Medici could lose billions. An...
Tags: banks medici, Bernard Madoff, Bank Medici, Austria, based banks
Job cuts ahead for Bank of America Corp.
Charlotte :: NC :: USA | 11 months ago
Credibility The final number could be even higher, analysts say. BofA said it hasn't yet completed its analysis for eliminating positions, and won't until early next year. The company and Merrill have about 308,000 employees in total, and the cuts will affect workers...
Tags: bank of america, merrill lynch, Merrill Lynch & Co., N.C.-based Bank of America, Bank of America Corp., Charlotte, Bank of American, job cut, Massachusetts, based banks
BayernLB will cut staff by 5,000
Munich :: Germany | about 1 year ago
Credibility The job losses will be seen both in Germany and in BayernLB's worldwide operations and will take place during five years to 2013. Like several other German banks, BayernLB has been rattled by losses in the sub-prime mortgage market. The state of Bavaria...
Tags: Germany, BayernLB, based banks
National City mum on talk of sale
National City :: CA :: USA | about 1 year ago
Credibility The Wall Street Journal cites unnamed sources in reporting Thursday that National City is in talks with several banks. The newspaper says Pittsburgh-based PNC Financial Services Group Inc. and Toronto-based Bank of Nova Scotia are among the potential...
Tags: National City Bank, National City Corp., National City Corporation, Bank of Nova Scotia, services group, The Wall Street Journal, based banks, based pnc, city banks, Scotiabank
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