SunTrust Banks (STI) Is Today’s Storm The Castle Stock

August 21st, 2014

maybe this will change things

Editor’s Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link. Trade-Ideas LLC identified SunTrust Banks ( STI) as a …

Banks slow to change despite growing competition

August 21st, 2014

and i though i was the only one to see it this way

The banking sector faces major challenges in transforming IT to meet the digital needs of customers as a result of indecision, complacency and internal resistance, according to a recent financial services roundtable. The event, hosted by analyst firm …

Breaking Up (the Banks) May Not be Quite So Hard to Do

August 21st, 2014

how does this impact my state

As America approaches the 6th anniversary of the 2008 financial crash, here’s an encouraging thought: the mega-banks can be broken up. It’s already in the law. Forty-one words of the 2000-page Dodd Frank Wall Street Reform Act empower the regulators to …

Banks Are Buying Their Reputations

August 21st, 2014

how does this impact my state

When banks get into trouble, federal regulators are often ill-equipped to follow through with in-depth investigations, and third-party consultants step in to fill the gap. However, Salon reported that these consultant and auditing firms are not appointed …

Why Banks Need to Be More Like Carrots

August 21st, 2014

it should be interested what change will this make

Picture this: a family is new in town and drives down Main Street checking out the local shops. Wow, they realize, there are a lot of banks! Which one should we choose? The one with the stylish green awning is aesthetically pleasing, while the bank with …

Exclusive: U.S. regulators step up warnings to banks for poor risk-spotting

August 21st, 2014

maybe this will change things

The firms who received the warnings are among the largest banks in the world, but the sources declined to name individual firms because the enforcement actions are not public. Given the regular contact between supervisors and bank officials, the warnings …

Banks’ Single Group Exposure Cap High, Review in 2014-15: RBI

August 21st, 2014

if people only knew

Mumbai: Hinting at tightening of banks’ single group exposure cap from the current 40 per cent, the Reserve Bank of India (RBI) on Thursday said it will be reviewing this credit limit to gradually align it with the global group exposure practices and …

Wall Street Banks Lift Pay for Junior Bankers

August 21st, 2014

it should be interested what change will this make

Wall Street banks, under pressure to improve working conditions for junior employees, are raising salaries. A host of big banks including Goldman Sachs Group Inc., GS +0.04% Goldman Sachs Group Inc. U.S.: NYSE $ 174.03 +0.07 +0.04% Aug. 20, 2014 4:00 pm …

Juniors’ Pay Sees No Meaningful Rise at European Banks

August 21st, 2014

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Young bankers at European firms shouldn’t hold their breath for a pay rise. While first year analysts at several major U.S. banks, including Goldman Sachs Group Inc., are looking forward to fatter paychecks, it seems their European counterparts can …

Christopher & Banks Corporation Announces Reporting Date for Fiscal 2014 Second Quarter Results

August 21st, 2014

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Christopher & Banks Corporation today announced that it plans to report its fiscal 2014 second quarter financial results on Wednesday, September 3, 2014, after the market closes.