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Banking News

NEW YORK (AP) - TD Bank Financial Group said Thursday its profit for the third quarter fell 10 percent due to problems at the Canadian bank's wholesale banking operations.


The Banking Department, which oversees the state's financial industry, was not guarding its own spending as it bought 835 desktop and laptop computers between 2005 and 2007 — even though it only had 535 employees, said state Comptroller Thomas DiNapoli.


A man who chose "Lloyds is pants" as his telephone banking password found it had been changed to "no it's not".


Donald T. Senterfitt, who co-founded what is now one of the largest law firms in Florida before moving on to a long and distinguished career in banking, died Wednesday after battling cancer and pulmonary disease. He was 88.


The Federal Deposit Insurance Corporation warned that the nation?s ailing banking industry was likely to weaken further and raised the number of ?problem? lenders.


More than a year after the credit crisis first flared, Sheila C. Bair, the chairwoman of the Federal Deposit Insurance Corporation, warned on Tuesday that the outlook for the ailing banking industry was bad — and getting worse.


ALBANY - The state Banking Department apparently went on a computer shopping spree in recent years, buying 300 more computers than it has employees and discarding $20,000 worth of equipment when it decided it didn't want to use the technology, a state audit released yesterday found.


Artisans’ Bank has launched its newest service, Mobile Banking.


THE Central Bank (CBN) rolled out, yesterday, criteria for new banking licence which include a non-refundable deposit of N.5 million, and a deposit of N25 billion as minimum capital base.


MILAN (Thomson Financial) - Shares closed higher boosted by sharp gains in the banking sector as the release of encouraging first-half results by Intesa Sanpaolo triggered buying, analysts said.



 
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