Bank economists see slow growth in NC economy

Bank economists see slow growth in NC economy
RALEIGH, N.C. (AP) — A bank economist says North Carolina’s economy is slowly recovering from the Great Recession. Wells Fargo economist Jon Silvia says the recovery is not as fast as after previous economic slumps.
Read more on The Daily Reflector

National Bank Releases its Results for the Second Quarter of 2011 and Raises its Dividend

National Bank Releases its Results for the Second Quarter of 2011 and Raises its Dividend
MONTREAL, QUEBEC– – National Bank Financial Group – The financial information in this press release is based on the unaudited interim consolidated financial statements for the second quarter ended April 30, 2011.
Read more on CCNMatthews via Yahoo! Finance

JPMorgan, Deutsche Bank And UBS Were Just Added To The Big AG Mortgage Probe

JPMorgan, Deutsche Bank And UBS Were Just Added To The Big AG Mortgage Probe
State Attorney General Eric Schniederman announced earlier this month a wide-ranging probe into banks’ mortgage securitization process. Most recently, Schneiderman issued subpoenas to four bond-insurance companies: Ambac Financial Group, Assured Guaranty Ltd., MBIA, and Syncora Holdings.
Read more on Business Insider

Galleon Group, Facebook, Xinhua Finance, Rambus, Deutsche Bank Court News

Galleon Group, Facebook, Xinhua Finance, Rambus, Deutsche Bank Court News
Two former Galleon Group LLC traders accused of insider trading lost bids to introduce evidence or delay their trial, which is set to begin today, just days after co-founder Raj Rajaratnam’s jury conviction.
Read more on Bloomberg

First Marblehead Announces Third Quarter Results; Bank Subsidiary to Begin Originating Private Education Loans

First Marblehead Announces Third Quarter Results; Bank Subsidiary to Begin Originating Private Education Loans
BOSTON, MA–(Marketwire – 05/16/11) – The First Marblehead Corporation (NYSE: FMD – News ) today announced its financial and operating results for the third quarter of fiscal 2011 and for the nine-month period ended March 31, 2011. For the third quarter of [...]

U.S. Sues Deutsche Bank Over Loan Practices

U.S. Sues Deutsche Bank Over Loan Practices
The government says the bank and its mortgage unit lied about loans included in a program to insure mortgages.
Read more on International Herald Tribune

Profit up in Q1 at Solvay Bank Corp.

Profit up in Q1 at Solvay Bank Corp.
SOLVAY – Solvay BankCorp., the holding company for Solvay Bank, earned $1.6 million in the first quarter, up more than 22 percent from a year earlier.
Read more on Central New York Business Journal

The Buzzz Presents A Look at Bank Owned Properties in the East Bay Area

Swing and a miss at Bank of America

Swing and a miss at Bank of America
America’s most delusional bank is back in black, but not as much as Wall Street would like.
Read more on CNN Money

Bank of America profits slump in first quarter

Bank of America profits slump in first quarter
NEW YORK : Bank of America posted a below-expectation 39-percent drop in first-quarter profits Friday, as the country’s top bank continues to suffer from the US housing crisis and from legal costs.
Read more on Channel NewsAsia

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