04/22/13 Comprehensive Real-Time News Feed for Banking

• Kids learn the value of saving and spending money _{2013-04-22, 07:25 pm}
  Aubrey Palestino looks at her new calculator as Guadalupe School fourth-grade students in Salt Lake City learn how to save money Monday, April 22, 2013, from Zions Bancorporation Chairman, President and CEO Harris Simmons in honor of National Teach Children to Save Day.
• Climate change plc _{2013-04-22, 05:46 pm}
  ... 100 consists of financial services companies investing in these activities. London is also one of the world's main banking hubs, hosting the global headquarters of HSBC and Barclays, and the European, Middle Eastern and African operations of every ...
• Bernanke to miss conference, hinting at departure _{2013-04-22, 05:34 pm}
  Ben Bernanke is intensifying speculation that this year will be his last as Federal Reserve chairman by deciding to skip the Fed's annual August conference in Jackson Hole, Wyo.
• King Trade Capital Founder Edward King to be Expert Panelist at... _{2013-04-22, 07:52 pm}
  ... Palmieri, Managing Director of ANR Partners, LLC. The panel will be moderated by Andrew Watson, Partner and Head of Banking and Finance at Irwin Mitchell in the U.K. The panel will discuss how specialty lenders that offer purchase order finance, ...
• Northern Trust remains in FTSX4Good Index _{2013-04-22, 07:50 pm}
  ... and corporate governance. Northern Trust is a provider of investment management, asset and fund administration, banking solutions and fiduciary services for corporations, institutions and affluent individuals worldwide. Northern Trust, a financial ...
• EagleBank reports record quarter _{2013-04-22, 07:49 pm}
  Bethesda-based Eagle Bancorp Inc. had record first-quarter earnings on higher interest and noninterest income.
• Banner Corp. posts Q1 profit despite 'exceptionally low' interest rates _{2013-04-22, 07:49 pm}
  Walla Walla-based Banner Corp. reported net income of $11.6 for the first quarter of 2013, up from $7.2 million the same quarter a year ago.
• First Hawaiian reports decline of nearly 7.4% in Q1 income _{2013-04-22, 07:48 pm}
  First Hawaiian Bank is reporting first-quarter net income of $52.6 million, down nearly 7.4 percent from the $56.8 million it earned in the first quarter of 2012.
• Blackstone to buy Credit Suisse private equity business _{2013-04-22, 07:46 pm}
  The companies did not disclose the purchase price for the Swiss bank's Strategic Partners unit, which specializes in buying and selling stakes in private equity funds.
• UPDATE 1-Credit Suisse sells private equity unit to Blackstone _{2013-04-22, 07:39 pm}
  ... hired by Chief Executive Stephen Schwarzman in 2002 as his right-hand man, James was chairman of global investment banking and private equity at Credit Suisse and was instrumental in 2000 in starting the business Blackstone has now agreed to take ...
• FOREX-Yen bears regroup after attempt at 100 barrier fails again _{2013-04-22, 07:39 pm}
  The U.S. dollar was nursing a grudge in early Asian trade on Tuesday after another attempt at 100 yen failed due to options-related offers, but traders suspect it is only a matter of time before the psychological level is broken.
• Pacific Coast Oil Trust Announces May Cash Distribution _{2013-04-22, 07:39 pm}
  The Trust's distribution relates to net profits and overriding royalties generated during March 2013 as provided in the conveyance of net profits and overriding royalty interest.
• Waddell & Reed climbs in advance of quarterly earnings release _{2013-04-22, 07:34 pm}
  Shares in Waddell & Reed climbed more than two percent Monday in advance of the company's quarterly earnings reports scheduled for release on Tuesday.
• Executive agrees to settle insider trading charges The Securities and ... _{2013-04-22, 07:32 pm}
  The Securities and Exchange Commission said Monday that a former Home Depot Inc.
• In a city of Mormons, meetings on mammon _{2013-04-22, 07:27 pm}
  ... Jersey area. It has about 1,500 employees there, 5 percent of the worldwide total, in jobs including investment banking, wealth management and investment research. Goldman is big on the city. The location is low cost compared with places like New ...
• Wall Street bounces back from biggest weekly drop in 2013 _{2013-04-22, 07:26 pm}
  U.S. stocks managed to close higher in choppy trading on Monday after a week with biggest loss this year, as investors bought a dip and tech shares boosted the market.
• 'Wine, Women & Wealth' Reception Hosted by Madison and... _{2013-04-22, 07:20 pm}
  ... and medium-sized businesses, real estate developers and high net worth individuals. The Bank, through its Private Banking and Wealth Management Division, which includes its wholly-owned subsidiary, Center Financial Group LLC, provides personalized ...
• CFPB fills empty posts, recruits from government agencies _{2013-04-22, 07:19 pm}
  The Consumer Financial Protection Bureau is pulling professionals from Freddie Mac and the Senate Banking Committee to fill two key roles within the agency.
• Banks close more offices even as deposits rise _{2013-04-22, 07:19 pm}
  ... ve Bank of New York said. The CFPB filled two key posts this week, naming a former Freddie Mac employee and a Senate Banking Committee professional to significant roles within the agency.
• Consumption falls as consumers break free of mortgage debt _{2013-04-22, 07:18 pm}
  ... mmary of deposits report. The CFPB filled two key posts this week, naming a former Freddie Mac employee and a Senate Banking Committee professional to significant roles within the agency.

JPMorgan leads banks in employee reductions, Bloomberg reports

JPMorgan works to avert Dimon losing chairman role, NYT says Ahead of its annual meeting next month, the JP Morgan board is working behind the scenes to make the point to investors that its CEO Jamie Dimon should also keep his chairman title, says the New York Times.

http://www.theflyonthewall.com/permalinks/entry.php/JPMid1811819/JPM-JPMorgan-leads-banks-in-employee-reductions-Bloomberg-reports

On The Fly: Morning Wrap-Up for April 9

... faster than GDP since 2009. Fitch believes total credit in the economy including various forms of "shadow banking" activity may have reached 198% of GDP at end-2012, up from 125% at end-2008. Also, Fitch said its analysis suggests the indebtedness ...

http://www.theflyonthewall.com/permalinks/entry.php/NOSYMBOLid1811791/NOSYMBOL-On-The-Fly-Morning-WrapUp-for-April-

Bank of America rolls out new slogan

... slogan, a series of new ads and bankers talking about the new image. Bank of America (NYSE: BAC) - the third-largest banking operation in Central Texas - has also replaced Kiefer Sutherland as the voice of its TV ads. New ads that aired over the ...

http://www.bizjournals.com/austin/blog/morning_call/2013/04/bank-of-america-rolls-out-new-slogan.html?iana=ind_bank

HK stocks end 0.7 pct higher

... climbing 1.1 percent. The Finance and Properties sub-indices increased 0.55 percent and 0.42 percent, respectively. Banking giant HSBC, which accounts for the largest weighting of the Hang Seng Index, slipped 0.43 percent to 80.9 HK dollars. Local ...

http://english.people.com.cn/90778/8200901.html

Stocks bounce back after bad week

U.S. stocks cut their morning losses and finished higher Monday, rebounding from one of their worst weeks of the year.

http://www.wptv.com/dpp/news/national/apple-aapl-stock-update-are-apple-shares-bouncing-back

HSBC Holdings's Outperform Rating Reaffirmed at Sanford C. Bernstein

... presently has a consensus rating of Buy and a consensus target price of $11.47 (748 GBX). HSBC Holdings plc is a banking and financial services organization. It serves around 89 million customers through four global businesses: Retail Banking and ...

http://www.dailypolitical.com/finance/stock-market/hsbc-holdingss-outperform-rating-reaffirmed-at-sanford-c-bernstein-hsba.htm