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  1. Greek bank deposits fall to lowest in more than a decadeFri, 29 May 2015 12:29:17 GMT
    " Greek bank deposits have fallen to their lowest in more than a decade, new statistics show, as Greeks worried about their new government's painfully slow negotiations with creditors withdraw savings. Figures from the European Central Bank published Friday showed more than 5 billion euros were withdrawn in April. More...
  2. Scotiabank profits increase two per cent in second quarterFri, 29 May 2015 12:29:16 GMT
    Scotiabank says profits increased nearly two per cent in the second quarter it benefited from growth in consumer and business loans and results from its wealth management division. The Toronto-based bank, which was the last of the big five banks to report its quarterly results, says net income was $1.73 billion or $1.42 per share. More...
  3. Regulators put banking culture and incentives in the firing lineFri, 29 May 2015 10:18:57 GMT
    The battle over the banking industry's reputation intensified on Friday, as two of Australia's top regulators took a simultaneous swipe at the culture at the heart of the nation's largest financial institutions. "When culture is rotten, it often is ordinary Australians who lose their money. More...
  4. UPDATE 3-RBC profit tops expectations on domestic banking, capital marketsFri, 29 May 2015 06:11:19 GMT
    Royal Bank of Canada, the country's top lender, posted a better-than-expected quarterly profit on Thursday, helped by strength in its domestic banking and capital markets divisions. Net income in the company's Canadian banking segment climbed 7 percent in the second quarter, supported by healthy fee-based revenue growth. More...
  5. Workers at Deutsche Bank HQ call for Jain to quit as job cuts loomFri, 29 May 2015 02:00:08 GMT
    Labor representatives at Deutsche Bank's Frankfurt headquarters called on Thursday for the resignation of co-Chief Executive Anshu Jain as Germany's largest lender prepares to slash jobs. Anshu Jain, co-CEOs of Deutsche Bank, addresses the bank's annual general meeting in Frankfurt, Germany, May 21, 2015. More...
  6. JPMorgan to lay off 5,000 employees across firm: WSJThu, 28 May 2015 23:06:17 GMT
    JPMorgan Chase & Co. will cut about 5,000 jobs over the next year, as the bank closes branches and slims down its operations, The Wall Street Journal reported Thursday, citing anonymous sources. More...
  7. Citigroup CEO defends credit card deal with CostcoThu, 28 May 2015 19:59:05 GMT
    Citigroup Inc CEO Mike Corbat said the deal the bank made with Costco Wholesale Corp to replace American Express Co as the issuer of credit cards for the retailer will be profitable for his shareholders. A man walks past a Citibank ATM in Los Angeles, California, March 10, 2015. More...
  8. Massive chip consolidation wave is changing semiconductor industryThu, 28 May 2015 18:55:58 GMT
    A wave of mergers and acquisitions is reshaping Silicon Valley's semiconductor industry as companies join forces to shoulder the soaring technology costs required to stay competitive. Half a dozen chipmakers in Silicon Valley, including a few storied names, have changed hands in less than two years in nearly $12 billion in mergers and acquisitions affecting thousands of employees and costing some their jobs. More...
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