Citi wins dismissal of $2.2B claim by Parmalat
Citigroup said an Italian court rejected a €1.8 billion ($2.2 billion) civil claim filed by Parmalat against the bank over the food company's collapse in 2003. ... Read full article
News Topic: National banks
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Bank Holding Companies with the Largest Commercial Real Estate Loan Portfolios
On Sep. 30, 2017. Dollars in thousands. ... Read full article
Banks and Thrifts with the Largest Commercial and Industrial Loan Portfolios
On Sep. 30, 2017. Dollars in thousands. ... Read full article
Female CEOs still elusive, but not so with general counsels
Banking is one of the last industries in which all the biggest companies are still run by men. That's not changing anytime soon — thanks, JPMorgan Chase. Kate Quinn plans U.S. Bank's SuperBowl debut and JPM's Marvelle Sullivan Berchtold ... Read full article
Deutsche Bank in 'third phase' of turnaround plan, CEO says
Deutsche Bank's John Cryan on Thursday defended his strategy for Germany's largest lender, saying its turnaround has entered a "third phase" in which growth should finally be restored. ... Read full article
Big banks slashed 8,000 more jobs before tax-cut windfall
America's biggest banks just spent a week regaling shareholders about brighter days ahead, when tax cuts add billions of dollars to the firms' annual profits. About 8,000 people are getting left behind. ... Read full article
More problems for Wells; two more banks expect tax hits
A key part of Well Fargo's Camels score was reduced, reflecting concerns about its management; Morgan Stanley, Deutsche Bank join the list of banks taking writedowns for deferred-tax assets. ... Read full article
HSBC escapes sword of DPA; pop star Yellen?
The five-year window on HSBC's deferred prosecution agreement connected to a money laundering case expires; profile says outgoing Fed Chairman Janet Yellen has become "a pop culture phenomenon." ... Read full article
Building up in Baltimore, and mastering the London Stock Exchange
Howard Bank’s Mary Ann Scully brings hometown banking back to the Charm City; Blythe Masters is a candidate to lead the London Stock Exchange; law professor Tamar Frankel is still shaking up Wall Street, even at 92. ... Read full article
Citigroup CFO sees $20B hit if Senate tax bill signed
Citigroup expects to take a noncash charge to earnings of about $20 billion if the Senate's version of the tax reform bill is enacted, Chief Financial Officer John Gerspach said. ... Read full article
RBC posts record annual profit while cutting corporate loans
Royal Bank of Canada showed it can defy expectations even while being more selective in lending. ... Read full article
Otting takes reins from Noreika at OCC
The former bank CEO is widely expected to continue the recent push to implement a more industry-friendly agenda. ... Read full article
What banks can be thankful for this year
The past year has been a wild ride for everyone, but it has left bankers in particular with many reasons to count their blessings.Consider, first of all, the recent legislative action on Capitol Hill. After the surprise Republican sweep during last ... Read full article
Most Efficient Bank Holding Companies
Year to date through Jun. 30, 2017. Dollars in thousands. ... Read full article
Bank Holding Companies with the Most Employees
Full-time equivalent, as of Jun. 30, 2017. Dollars in thousands. ... Read full article
U.S. Bank Holding Companies with the Highest Multiples of Net Income to Salary and Benefits
Year to date through June 30, 2017. Dollars in thousands. ... Read full article
Major Citi-stakeholder Alwaleed arrested by Saudi authorities
Prince Alwaleed bin Talal, the billionaire with significant stakes in Citigroup and Twitter, was arrested by Saudi Arabian authorities as part of an alleged anti-corruption purge in the kingdom. ... Read full article
Dueling digitally: How MUFG's PurePoint competes for online deposits
Add MUFG Union to the roster of traditional banks launching a digital division that aims to grab deposits. PurePoint is going up against some more established competitors who are evolving their strategies. ... Read full article
Major Citi-stakeholder Alwaleed arrested by Saudi authorities
Prince Alwaleed bin Talal, the billionaire with significant stakes in Citigroup and Twitter, was arrested by Saudi Arabian authorities as part of an alleged anti-corruption purge in the kingdom. ... Read full article
When boards are stacked with hot seats, who wants the job?
It's tough to be a bank director these days, as the public and elected officials hold the board responsible for misdeeds that occur on their watch. Turnover is up, and filling the seats is more of a challenge than ever. ... Read full article