NEW YORK (AP) – JPMorgan Chase's second-quarter profits rose by 18 percent from a year ago, as the nation's largest bank by assets and revenue continues to benefit from higher interest rates and a lower tax bill following last year's passage of President Donald Trump's tax law.

2. US Stock Indexes Are Mixed; Pepsi Rallies on Solid Results - Wednesday, July 11, 2018

NEW YORK (AP) — U.S. stocks are mixed Tuesday afternoon as household goods companies rise but banks continue to struggle, as they have for most of this year. PepsiCo is gaining ground after reporting solid second-quarter results. Stocks started the day higher but have given up much of that gain.

3. Citigroup to Pay $100M to Settle Rate Manipulation Charges - Monday, June 18, 2018

NEW YORK (AP) – Citigroup agreed Friday to pay $100 million to settle charges that its bankers manipulated an important interest rate used to price everything from credit cards to mortgages.

4. Group That Advises Gov't Watchdog is Disbanded, Members Say - Thursday, June 7, 2018

NEW YORK (AP) – The head of the Consumer Financial Protection Bureau dissolved a group of outside experts that acts as an important sounding board for the watchdog agency on economic and financial issues as well as policy.

5. Report: Goldman Looks to Partner With Apple on Credit Card - Friday, May 11, 2018

NEW YORK (AP) – Goldman Sachs and Apple are looking to partner together to create a new credit card, the first foray by Goldman Sachs into the $1 trillion credit card market, The Wall Street Journal reported Thursday, citing unnamed sources.

6. Goldman Sachs to Pay $109.5 Million for Trading Violations - Wednesday, May 2, 2018

NEW YORK (AP) – Goldman Sachs agreed Tuesday to pay a combined $109.5 million in fines to federal and New York state authorities to settle charges that the investment bank's currency traders unlawfully shared customers' order information with other banks in order to take advantage of the market.

7. Trump Convenes Task Force to Study US Postal Service - Monday, April 16, 2018

WASHINGTON (AP) – After weeks of railing against online shopping giant Amazon, President Donald Trump signed an executive order Thursday creating a task force to study the United States Postal Service.

8. 3 US Banks Post Higher Profits With Huge Assist From Tax Law - Monday, April 16, 2018

NEW YORK (AP) – Three of America's biggest banks reported higher profits Friday, with a huge assist from the tax law passed late last year.

JPMorgan reported a record quarterly profit, while Citigroup and Wells Fargo topped analyst expectations.

9. Capitalism Isn’t Broken, It’s Been Hijacked - Tuesday, April 3, 2018

We live in tense times. In our era, we’ve seen systemic and corporate fraud at SkyTel, Enron, and others. We’ve watched our tax dollars bail out many of the largest banks and insurance companies.

10. Barclays to Pay $2 Billion to US to Settle Mortgage Suit - Friday, March 30, 2018

NEW YORK (AP) – British bank Barclays became the latest big bank to reach a multi-billion dollar settlement with U.S. authorities over its role in the subprime mortgage bubble and subsequent financial crisis. But in a rare and notable move, U.S. authorities went further to fine two individual bankers as part of their alleged role in the subprime mortgage crisis.

11. Citigroup Puts Restrictions on Gun Sales - Friday, March 23, 2018

NEW YORK (AP) – Citigroup is putting new restrictions on firearm sales by its business customers, making it the first bank to announce changes to its policies in the wake of the school shooting in Florida.

12. Tax Law Brings Big Paper Losses, Long-Term Gains to US Banks - Wednesday, January 17, 2018

NEW YORK (AP) – Big U.S. banks have been reporting billions of dollars in paper losses this month as they are forced to come into compliance with the new tax law. And while the losses are massive, they were largely expected, and bank executives say the new tax law will be good for banks as well as the economy in the long run.

13. Collins Leaving as City's Chief Financial Officer - Friday, November 17, 2017

City of Memphis chief financial officer Brian Collins is leaving the post he’s held for the last five years across two mayoral administrations to become executive director of the Illinois Municipal Retirement Fund, Collins announced Friday, Nov. 17. He is leaving City Hall in January and starts his new job Jan. 8.

14. Coming Soon: A Selfie With Your Credit Card Application - Friday, October 20, 2017

NEW YORK (AP) – The selfie is everywhere – Facebook, Instagram, Twitter – and soon your bank could be asking for one in order to approve your purchase or credit card application.

15. Rising Interest Rates Boost Bank of America's Profits - Wednesday, July 19, 2017

NEW YORK (AP) – Consumer banking giant Bank of America reported a 10 percent rise in second-quarter profits on Tuesday as gains from higher interest rates were more than enough to offset a drop in trading revenue.

16. American Express to Solely Take Over the Hilton Credit Card - Friday, June 2, 2017

NEW YORK (AP) – American Express will become the exclusive credit card issuer for Hilton Hotels, the company said Thursday, a major success for a business that has been facing increased competition.

17. Citigroup Settles Claims Over Possible Money Laundering - Tuesday, May 23, 2017

NEW YORK (AP) – Citigroup has agreed to pay nearly $100 million to federal authorities to settle claims that a lack of internal controls and negligence in the bank's Mexican subsidiary may have allowed customers to commit money laundering.

18. Supreme Court Says Cities Can Sue Banks Under Anti-Bias Law - Tuesday, May 2, 2017

WASHINGTON (AP) – The Supreme Court ruled Monday that cities may sue banks under the federal anti-discrimination in housing law, but said those lawsuits must tie claims about predatory lending practices among minority customers directly to declines in property taxes.

19. Facing New Competition, AmEx Polishes Up The Platinum Card - Friday, March 3, 2017

NEW YORK (AP) – Facing intense competition for its higher-spending customers, American Express is expanding the benefits it offers its high-end Platinum Card members, like a $200 credit on Uber. But those benefits will come with a higher annual fee.

20. Fed Has 8 Biggest US Banks Shift Loss Burden to Investors - Friday, December 16, 2016

WASHINGTON (AP) – The eight biggest U.S. banks will be required to build new cushions against losses that would shift the burden to investors. The action by the Federal Reserve was the latest bid by regulators to reduce the chances of future taxpayer bailouts.

21. Fed Raises Key Interest Rate and Foresees 3 Hikes in 2017 - Thursday, December 15, 2016

WASHINGTON (AP) – The Federal Reserve has raised a key interest rate in response to a strengthening U.S. economy and expectations of higher inflation, and it foresees three more rate hikes in 2017.

22. Supreme Court Upholds Broad Power to Curb Insider Trading - Wednesday, December 7, 2016

WASHINGTON (AP) – A unanimous Supreme Court on Tuesday sided with the government in a legal clash over the nation's insider trading laws, a victory for prosecutors seeking to curb corruption on Wall Street.

23. Bank of America's Profits Rise 6 Percent, Beats Estimates - Tuesday, October 18, 2016

NEW YORK (AP) — Bank of America's third-quarter profits rose nearly 6 percent from a year earlier, helped by strong results in investment banking and trading as well as lower expenses. The profit growth came from all four of the bank's businesses and despite continuing low interest rates.

24. Citigroup's Profit Falls 11 Percent, But Beats Forecasts - Monday, October 17, 2016

NEW YORK (AP) – Citigroup said Friday that its profit fell nearly 11 percent in its third quarter, but the results easily beat Wall Street expectations and its shares rose.

The New York bank reported net income of $3.8 billion, or $1.24 per share, in the three months ending Sept. 30, compared with $4.3 billion, or $1.35 per share, in the same quarter the year before.

25. Banks Focus More on New Accounts – And the Fees They Bring - Tuesday, September 20, 2016

NEW YORK (AP) – When Wells Fargo CEO John Stumpf testifies before a Senate committee hearing Tuesday, it won't be just his bank under fire for turning friendly branches into high-pressure sales centers. It'll be the entire industry.

26. Citibank Paying $425M in Fines to Settle US Charges on Rates - Thursday, May 26, 2016

WASHINGTON (AP) – Citibank will pay $425 million in fines to settle federal civil charges of attempting to manipulate key benchmarks used to set interest rates for investments in derivatives and U.S. Treasury bonds as well as a range of consumer loans.

27. US, Goldman Sachs Reach $5B Settlement Over Risky Mortgages - Tuesday, April 12, 2016

WASHINGTON (AP) – The Justice Department on Monday announced a roughly $5 billion settlement with Goldman Sachs over the sale of mortgage-backed securities leading up to the 2008 financial crisis. The government accused the bank of misleading investors about the quality of its loans.

28. Banks Now Giving Customers Access to Credit Scores for Free - Thursday, March 10, 2016

CHARLOTTE, N.C. (AP) – It might be the most important piece of financial information about you – and it's finally easier for you to actually get a look at it.

Big banks and credit card companies are increasingly offering customers free access to their FICO score. This score, named after the software and analytics company that developed it, is used by lenders to determine how risky you are when they are deciding whether to issue a new credit card, mortgage or auto loan.

29. US Bank Earnings Jump 11.9 Percent In 4Q; Loan Losses Up - Wednesday, February 24, 2016

WASHINGTON (AP) – The impact of plummeting oil prices has shown up in the financial picture of U.S. banks, whose losses from loans increased for the first time in five and half years, according to new government data.

30. Verso Files For Bankruptcy Reorganization - Tuesday, January 26, 2016

Verso Corp. filed Tuesday, Jan. 26, for Chapter 11 federal bankruptcy reorganization.

David J. Paterson, the president and CEO of the North American producer of printing, specialty papers and pulp, described the decision to file for reorganization as “difficult.”

31. A List of Mayor-Elect Jim Strickland’s Appointments So Far - Monday, December 14, 2015

Memphis Mayor elect Jim Strickland still has some appointments to make, but he is methodically filling key positions in his administration ahead of taking office Jan. 1.

32. Citi to Refund $700M for Deceptive Card Practices - Wednesday, July 22, 2015

NEW YORK (AP) — Citigroup will refund $700 million to consumers and will pay $70 million in fines for illegal and deceptive credit card practices, the bank and federal regulators said Tuesday.

33. Fed Directs 8 Biggest US Banks to Hold Extra Capital - Tuesday, July 21, 2015

WASHINGTON (AP) — Federal regulators are directing the eight biggest U.S. banks to hold capital at levels above industry requirements to cushion against unexpected losses and reduce the chances of future taxpayer bailouts.

34. Banks Fined More Than $5 Billion, To Plead Guilty to Market Rigging - Thursday, May 21, 2015

WASHINGTON (AP) – Four of the world's biggest banks agreed Wednesday to pay more than $5 billion in penalties and plead guilty to rigging the currency markets – a rare instance in which federal prosecutors have wrung an admission of criminal wrongdoing from a major financial institution.

35. Why Banks Made More Money Last Quarter - Monday, April 20, 2015

NEW YORK (AP) – Wall Street and Main Street gave banks a boost last quarter.

Fees from corporate mergers and commissions from trading fueled profits at big financial firms. But average Americans also helped by taking out more home loans and paying off their debts.

36. Woods at Ridgeway Apartments Sell for $18.5 Million - Tuesday, April 7, 2015

6277 Lake Arbor Drive and 6206 Knight Arnold Road
Memphis, TN 38115
Sale Amount: $18.5 million

37. Finard Properties Sells Germantown Retail Center - Saturday, April 4, 2015

A New York investor has purchased the Germantown Plaza Shopping Center for $14.35 million.

An entity operating as FarmEx Rail LLC acquired the 137,554-square-foot shopping center at 1991 Exeter Road, near the southwest corner of Exeter and Farmington Boulevard, from Finard Germantown LLC, according to a March 19 warranty deed. The buyer, FarmEx Rail LLC, filed a $10.7 million loan in association with the purchase with CitiGroup Global Markets Realty Corp, according to a March 21 deed of trust.

38. Rising Dollar, Falling Expectations - Wednesday, April 1, 2015

The first quarter of trading for 2015 came to a close on Tuesday, March 31. As of March 26, the U.S. dollar stands 8 percent higher for the year, the yield on the 10-year Treasury stands 8 percent lower on the year and the S&P 500 has fallen a conviction-less 0.10 percent.

39. Finard Properties Sells Germantown Retail Center - Tuesday, March 31, 2015

A New York investor has purchased the Germantown Plaza Shopping Center for $14.35 million.

An entity operating as FarmEx Rail LLC acquired the 137,554-square-foot shopping center at 1991 Exeter Road, near the southwest corner of Exeter and Farmington Boulevard, from Finard Germantown LLC, according to a March 19 warranty deed. The buyer, FarmEx Rail LLC, filed a $10.7 million loan in association with the purchase with CitiGroup Global Markets Realty Corp, according to a March 21 deed of trust.

40. Costco Strikes Credit Card Deal With Citi, Visa - Tuesday, March 3, 2015

NEW YORK (AP) – Costco says it struck a deal for Citi to be the exclusive issuer of its co-branded credit cards, with Visa replacing American Express as the card network.

The deal is subject to Citi buying the company's co-branded credit card portfolio, Costco said.

41. Millions More People to Get Their Credit Score for Free - Tuesday, January 13, 2015

NEW YORK (AP) – Millions more people will have free access to their FICO credit score this year. That's good news for consumers, since the number is widely used by lenders to check potential borrowers' financial health.

42. Fed Proposing Big US Banks Boost Capital Buffers - Wednesday, December 10, 2014

WASHINGTON (AP) – Federal regulators are proposing that the eight biggest U.S. banks be required to further increase the amount of capital they set aside to cushion against unexpected losses.

43. Global Banks Fined Billions for Rigging Market - Thursday, November 13, 2014

LONDON (AP) – Traders with nicknames like the "Three Musketeers" and the "A-Team" plotted over Internet chat rooms to manipulate currency markets for years, profiting at the expense of clients – and then congratulating themselves for their brilliance – regulators said Wednesday, as they fined five banks $3.4 billion.

44. McGuire Joins Insight Risk Management - Wednesday, November 12, 2014

Myles McGuire has joined Insight Risk Management LLC as a corporate consultant. In his new role, he will consult with commercial clients and place them with the appropriate coverages to protect their business from risk and liability issues.

45. Sprouts Farmers Market Applies for Building Permit - Tuesday, October 21, 2014

3150 Village Shops Drive
Germantown, TN 38138

Project Cost: $1.5 million

Applied: Oct. 14, 2014

46. Collierville Storage Facility Sells for $3.9 Million - Saturday, October 18, 2014

A California-based owner and operator of self-storage facilities has purchased a Collierville storage facility for $3.9 million.

LifeStorage, through an entity operating as SSTN 651 S. Rowlett Street LLC, acquired the 62,170-square-foot facility at 651 S. Rowlett St. from LottaStorage LLC, according to an Oct. 6 special warranty deed. The Shelby County Assessor of Property’s 2014 appraisal is $2.2 million.

47. Collierville Storage Facility Sells for $3.9 Million - Wednesday, October 15, 2014

A California-based owner and operator of self-storage facilities has purchased a Collierville storage facility for $3.9 million.

LifeStorage, through an entity operating as SSTN 651 S. Rowlett Street LLC, acquired the 62,170-square-foot facility at 651 S. Rowlett St. from LottaStorage LLC, according to an Oct. 6 special warranty deed. The Shelby County Assessor of Property’s 2014 appraisal is $2.2 million.

48. Paulson: AIG Bailout Designed to be Punishment - Tuesday, October 7, 2014

WASHINGTON (AP) – The 2008 government bailout of American International Group Inc. was specifically designed to punish the insurance giant, former Treasury Secretary Henry Paulson said in U.S. court Monday.

49. Meritan’s Branch Named Among Top Nurses - Wednesday, September 17, 2014

Cindy Branch, Meritan’s associate vice president for health services, has been selected to represent Tennessee as one of the nation’s top 50 home care and hospice nurses by the National Association for Home Care & Hospice and the Home Healthcare Nurses Association. Branch, a registered nurse, has oversight of Meritan’s nursing programs, including home health, private duty nursing and medical residential homes. She will be recognized at NACH’s annual meeting in October.

50. Regulators Set Rules Meant to Ward Off Bank Crisis - Thursday, September 4, 2014

WASHINGTON (AP) – Federal regulators are set to require big banks to keep enough high-quality assets on hand to survive during a severe downturn, the latest move under congressional mandate to lessen the likelihood of another financial meltdown.

51. SEC Adopts Rules on Loan-Backed Securities - Thursday, August 28, 2014

WASHINGTON (AP) – Financial firms that sell securities backed by loans, like the kind that fueled the 2008 financial crisis, will have to give investors details on borrowers' credit record and income under action taken Wednesday by federal regulators.

52. Bank of America Reaches $17 Billion Settlement With US - Thursday, August 21, 2014

WASHINGTON (AP) – Bank of America has reached a record $17 billion settlement to resolve an investigation into its role in the sale of mortgage-backed securities before the 2008 financial crisis, officials directly familiar with the matter said Wednesday.

53. Dollar General Enters Bidding for Family Dollar - Tuesday, August 19, 2014

NEW YORK (AP) – Dollar General isn't about to be left out in the cold. The discounter is starting a bidding war for Family Dollar with an approximately $8.95 billion offer as it attempts to trump a Dollar Tree bid.

54. Citigroup to Pay $7 Billion in Subprime Mortgages Probe - Tuesday, July 15, 2014

WASHINGTON (AP) – Citigroup agreed Monday to pay $7 billion to settle a federal investigation into its handling of risky subprime mortgages, admitting to a pattern of deception that Attorney General Eric Holder said "shattered lives" and contributed to the worst financial crisis in decades.

55. US Bank Earnings Decline 7.7 Percent in First Quarter - Thursday, May 29, 2014

WASHINGTON (AP) – U.S. banks' earnings declined 7.7 percent in the January-March quarter from a year earlier, as higher interest rates dampened demand for mortgage refinancing and reduced banks' revenue from the mortgage business.

56. Nearly All Major US Banks Pass Fed 'Stress Tests' - Friday, March 21, 2014

WASHINGTON (AP) – All but one of the nation's 30 largest banks are better able to withstand a severe U.S. recession and global downturn than at any time since the financial crisis, the Federal Reserve has determined.

57. FDIC Sues 16 Big Banks That Set Key Rate - Monday, March 17, 2014

WASHINGTON (AP) – The Federal Deposit Insurance Corp. has sued 16 big banks that set a key global interest rate, accusing them of fraud and conspiring to keep the rate low to enrich themselves.

58. Wells Fargo in $591 Million Deal With Fannie Mae - Saturday, January 4, 2014

Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst.

The deal announced Monday covers loans made through 2008. Wells Fargo & Co. says it resolves nearly all repurchase liabilities it has with Fannie Mae, the federal mortgage buyer.

59. Wells Fargo in $591 Million Deal With Fannie Mae - Tuesday, December 31, 2013

Wells Fargo says it has made a $591 million deal with Fannie Mae to settle obligations related to loans that went bad after the housing bubble burst.

The deal announced Monday covers loans made through 2008. Wells Fargo & Co. says it resolves nearly all repurchase liabilities it has with Fannie Mae, the federal mortgage buyer.

60. Merrill Paying $131.8 Million to Settle SEC Charges - Friday, December 13, 2013

WASHINGTON (AP) – Merrill Lynch has agreed to pay $131.8 million to settle U.S. civil charges that it misled investors about risky mortgage bonds it sold ahead of the 2008 financial crisis.

61. US Ban on High-Risk Bank Trades Approved - Wednesday, December 11, 2013

WASHINGTON (AP) – U.S. regulators have taken a major step toward reining in high-risk trading on Wall Street, banning the largest banks from trading for their own profit in most cases.

62. Justice Department Official Admonishes Nation's Bankers - Tuesday, November 19, 2013

WASHINGTON (AP) – Admonishing the nation's bankers, the Justice Department's No. 2 official says too many financial institutions have failed in their duty to ensure that their businesses are run cleanly.

63. JPMorgan Chase Reaches $4.5 Billion Deal With Investors - Monday, November 18, 2013

JPMorgan Chase & Co. has reached a $4.5 billion settlement with investors who said the bank deceived them about bad mortgage investments.

64. Fed Proposes Big Banks Hold More Cash, Assets - Friday, October 25, 2013

WASHINGTON (AP) — The Federal Reserve on Thursday proposed that big banks keep enough cash, government bonds and other high-quality assets on hand to survive during a severe downturn on par with the 2008 financial crisis.

65. The Data Have Spoken - Thursday, September 12, 2013

Each new month delivers a flurry of economic data. The current deluge will weigh heavily on the Federal Reserve’s decision to maintain or reduce quantitative easing. Let’s quickly review the recent releases and handicap the Fed’s taper temptation.

66. Citi Executive Works to Improve Small-Business Status - Thursday, September 12, 2013

NEW YORK (AP) – When small-business owners hear the name Citigroup, they're more likely to think of a bank that caters to big corporate and international clients, not one that will serve their needs.

67. US Banks Earn Record $42.2 Billion in 2nd Quarter - Friday, August 30, 2013

WASHINGTON (AP) – U.S. banks earned more from April through June than during any quarter on record, aided by a steep drop in losses from bad loans.

The Federal Deposit Insurance Corp. says the banking industry earned $42.2 billion in the second quarter, up 23 percent from the second quarter of 2012. About 54 percent of U.S. banks reported improved earnings from a year earlier.

68. The New One Thing - Wednesday, August 14, 2013

Now that earnings season has essentially ended, the stock market needs a new muse. The next earnings season begins in early October. In between, analysts will tweak models and revise forecasts, but real data releases overpower estimate releases. In mid-September, the Fed will either reduce bond purchases or buy more time. President Obama will choose between the over-politicized Larry Summers, the over-dovish Janet Yellen or the over-qualified Don Kohn to succeed Ben Bernanke as the next Fed head. We will also soon revisit Washington’s favorite debate over the debt ceiling.

69. Investors, Hang in There - Tuesday, August 6, 2013

March 6, 2009, was a dark day in the investment world. The S&P 500 reached an intra-day level of 666 (no, that number is not a typo), as the pains of a prolonged and severe recession had swelled to a genuine concern of a pending economic depression.

70. Ally Financial Firms Paying $198 Million for US Claims - Monday, July 29, 2013

WASHINGTON (AP) – Ally Financial and its related companies are paying about $198 million to settle federal complaints that the companies wrongfully foreclosed on homeowners.

The Federal Reserve announced the agreement Friday with Ally Financial, the former lending arm of General Motors known as GMAC Mortgage.

71. Earnings Deluge - Tuesday, July 23, 2013

Another week is in the books, resulting in another record close for both the Dow Jones Industrial Average and the S&P 500. Buoyed by some more accommodative comments from Federal Reserve Chairman Ben Bernanke during Congressional testimony this week, investors took the occasion to prop the U.S. equity markets to new highs. Coinciding with Bernanke’s testimony, a deluge of second quarter corporate earnings announcements was released. As a reminder, in this space last week, we wrote,

72. Banks' Earnings Pop Masks Deeper Concerns - Thursday, July 18, 2013

NEW YORK (AP) – Major U.S. banks have turned in big profit gains this season, but the news isn't all good.

Much of the earnings increase is coming from cutting costs, rather than growing their core lending businesses. A boom in mortgage refinancing looks like it's about to peter out. And regulators are considering stricter new rules that would force the banks to shore up their cash.

73. Fed Approves Higher Bank Capital Standards - Wednesday, July 3, 2013

WASHINGTON (AP) – The Federal Reserve approved higher requirements for the amount of capital reserves banks must hold to cushion against unexpected losses. The change is aimed at preventing a repeat of the 2008 financial crisis.

74. Fannie and Freddie Make $66.3 Billion Payment - Tuesday, July 2, 2013

WASHINGTON (AP) – The U.S. government said Monday that it has received $66.3 billion in dividend payments from Fannie Mae and Freddie Mac after both reported stronger earnings at the start of the year.

75. Citigroup Agrees to Pay $968 Million to Fannie Mae - Tuesday, July 2, 2013

NEW YORK (AP) – Citigroup has agreed to pay $968 million to Fannie Mae to resolve potential future repurchase claims on residential mortgage loans originated between 2000 and 2012.

A sizable group of the loans were originated during the U.S. housing boom. Mortgage giants Fannie Mae and Freddie Mac bought mortgage loans from banks like Citigroup in the run-up to the financial crisis. Fannie and Freddie teetered as the loans went bad, and they were effectively nationalized in 2008. The government has spent billions to keep Fannie and Freddie afloat.

76. Oakhaven Warehouse Sells for $11.3 Million - Tuesday, June 11, 2013

5155 Citation Drive
Memphis, TN 38118
Sale Amount: $11.3 million

Sale Date: May 21, 2013

77. Owner Files Loan on Humphrey Hampton Inn - Thursday, June 6, 2013

The owner of the 121-room Hampton Inn at 33 Humphrey Center Drive in East Memphis has filed a $5.4 million loan on the property.

78. US Banks Report Record Earnings for First Quarter - Thursday, May 30, 2013

WASHINGTON (AP) — U.S. banks earned more from January through March than during any quarter on record, buoyed by greater income from fees and fewer losses from bad loans.

The banking industry earned $40.3 billion in the first quarter, the Federal Deposit Insurance Corp. said Wednesday. That's the highest ever for a single quarter and up 15.8 percent from the first quarter of 2012, when the industry's profits were $34.8 billion.

79. FTN Financial Makes Several New Hires - Thursday, May 30, 2013

The capital markets division of First Tennessee Bank has made several new hires.

FTN Financial Capital Markets has brought on four new professionals as part of the continued expansion of its national municipal bond platform.

80. Median CEO Pay Rises to $9.7 Million in 2012 - Thursday, May 23, 2013

CEO pay has been going in one direction for the past three years: up.

The head of a typical large public company made $9.7 million in 2012, a 6.5 percent increase from a year earlier that was aided by a rising stock market, according to an analysis by The Associated Press using data from Equilar, an executive pay research firm.

81. Obama Nominates Pritzker, Froman for Economic Jobs - Friday, May 3, 2013

WASHINGTON (AP) – President Barack Obama on Thursday chose two old friends with corporate executive experience for top posts on his economic team, naming longtime fundraiser Penny Pritzker as Commerce secretary and adviser Michael Froman as U.S. Trade Representative.

82. Freddie Mac Accuses Banks of Rigging Rates - Saturday, March 23, 2013

Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant.

83. Freddie Mac Accuses Big Banks of Rigging Lending Rate - Thursday, March 21, 2013

Freddie Mac has sued 15 big international banks, including JPMorgan Chase, Bank of America and Citigroup, accusing them of rigging a key interest rate and causing huge losses for the government-controlled mortgage giant.

84. JPMorgan to Trim 4,000 Jobs, Many in Consumer Banking - Wednesday, February 27, 2013

NEW YORK (AP) – JPMorgan is trimming about 4,000 jobs, or about 1.5 percent of its work force, becoming the latest big bank to shrink its staff.

The bank said the cuts will be focused in consumer banking and mortgages. Many of the cuts would come through attrition, but the bank will lay off workers as well, a bank spokeswoman said.

85. Oracle to Buy Acme Packet for About $2.1 Billion - Tuesday, February 5, 2013

REDWOOD SHORES, Calif. (AP) – Oracle will buy Acme Packet Inc., which makes equipment for telecommunications companies, for about $2.1 billion.

Acme's gear is used by more than 1,900 service providers and enterprises around the world. Its technology will complement Oracle's offerings for telecoms providers, said Citigroup analyst Walter Pritchard.

86. Lender Processing Paying $121 Million to Resolve Claims - Friday, February 1, 2013

One of the biggest U.S. mortgage processing companies has agreed to pay $121 million to resolve states' claims that it wrongfully foreclosed on homeowners who should have been allowed to stay in their homes.

87. Jack Lew Expected to be Next Treasury Secretary - Thursday, January 10, 2013

WASHINGTON (AP) – White House chief of staff Jack Lew is President Barack Obama's expected pick to lead the Treasury Department, with an announcement possible before the end of the week, as the administration moves to fill the most critical jobs in the Cabinet.

88. Fewer US Banks Fail as Industry Strengthens - Wednesday, January 2, 2013

WASHINGTON (AP) – U.S. banks ended 2012 with their best profits since 2006 and fewer failures than at any time since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing and anxious consumers.

89. Citigroup to Cut 11,000 Jobs - Thursday, December 6, 2012

NEW YORK (AP) – Citigroup said Wednesday that it will cut 11,000 jobs, a bold early move by new CEO Michael Corbat.

The cuts amount to about 4 percent of Citi's workforce. The bulk of them, about 6,200 jobs, will come from Citi's consumer banking unit, which handles everyday functions like branches and checking accounts.

90. US Bank Earnings Rise 6.6 Percent, Most in 6 Years - Wednesday, December 5, 2012

WASHINGTON (AP) – U.S. banks earned more from July through September than in any other quarter over the past six years. The increase is further evidence that the industry is strengthening four years after the 2008 financial crisis.

91. Securities and Exchange Official Elisse Walter Chosen to Lead Agency - Tuesday, November 27, 2012

WASHINGTON (AP) – President Barack Obama has chosen Elisse Walter, one of five members of the Securities and Exchange Commission, to head the agency. Chairman Mary Schapiro will leave next month after a tumultuous tenure in which she helped lead the government's regulatory response to the financial crisis.

92. Five Big US Banks Cut Mortgage Balances by $6.3 Billion - Tuesday, November 20, 2012

LOS ANGELES (AP) – Five of the biggest U.S. banks have cut struggling homeowners' mortgage balances by $6.3 billion, part of a total $26.1 billion in home loan relief provided under a landmark settlement over foreclosure abuses.

93. After Pandit, a Smaller Citigroup Could Get Smaller Yet - Thursday, October 18, 2012

NEW YORK (AP) – The incredible shrinking bank may have to shrink more.

In the hours after Tuesday's surprise announcement that Citigroup CEO Vikram Pandit was stepping down, speculation was rife, and facts scant, about what lay ahead for the nation's third-largest bank.

94. Bank of America Says Housing has ‘Begun to Turn' - Thursday, October 18, 2012

NEW YORK (AP) – For banks, mortgage-making kept profits humming before the financial crisis, then blackened reputations and stamped out earnings when the crisis hit.

Now, the business of mortgage lending is more of a mixed bag.

95. Mortgage Comeback? Citigroup Isn't So Sure - Tuesday, October 16, 2012

NEW YORK (AP) – Citigroup isn't as enthusiastic as its peers about a comeback in the housing market.

On Friday, executives at Wells Fargo and JPMorgan Chase declared that the long-struggling market had turned a corner. On Monday, Citigroup's top number-cruncher said he wasn't so sure.

96. Dollar General Shareholders to Sell 30 Million Shares - Friday, September 28, 2012

GOODLETTSVILLE, Tenn. (AP) – Discount retailer Dollar General Corp. said Thursday that some of its shareholders plan to sell 30 million shares of its common stock in an underwritten secondary public offering.

97. AP IMPACT: Aggressive Start for Consumer Bureau - Thursday, September 13, 2012

WASHINGTON (AP) – The new federal agency charged with enforcing consumer finance laws is emerging as an ambitious sheriff, taking on companies for deceptive fees and marketing and unmoved by protests that its tactics go too far.

98. Morgan Stanley to Buy Citi's Smith Barney Stake - Wednesday, September 12, 2012

NEW YORK (AP) – Morgan Stanley and Citigroup have settled a dispute Tuesday over the value of the brokerage firm Morgan Stanley Smith Barney, which they jointly own.

99. Tennessee Starting to Benefit From Foreclosure Settlement - Friday, August 31, 2012

Tennessee homeowners have received more than $36 million in relief from March 1 through June 30 as part of a nationwide settlement reached with the country’s five big mortgage servicers.

That’s according to the office of Tennessee Attorney General Bob Cooper. The relief is in the form of loan modifications, refinances and facilitated short sales.

100. US Bank Earnings Rose 21 Percent in 2nd Quarter - Wednesday, August 29, 2012

WASHINGTON (AP) – U.S. bank earnings rose 21 percent in the April-June quarter and lending to consumers increased, adding to evidence that the industry is strengthening four years after the financial crisis.