Bank

Business News: Merrill Edge Hits $200 Billion in Assets Under Management

Earns Five-Star Rating in Both Research and User Experience from Kiplinger’s “Best Online Brokers” Survey Bank of America announced yesterday that Merrill Edge® has surpassed $200 billion in investment assets under management and more than 2.5 million accounts.  Merrill Edge’s growth represents a 54 percent increase over the past three years. Merrill Edge is a … Continue reading Business News: Merrill Edge Hits $200 Billion in Assets Under Management

LONDON | Bank of England chief hints he will stay to help with Brexit

LONDON — Bank of England Governor Mark Carney all but confirmed Tuesday that he is to stay at the helm of the central bank for longer than planned to help ensure Britain leaves the European Union as smoothly as possible. Following days of speculation about an extension beyond his planned June 2019 departure, Carney told … Continue reading LONDON | Bank of England chief hints he will stay to help with Brexit

LONDON | Bank of England’s governor ‘willing’ to extend time at helm

LONDON  — Bank of England Governor Mark Carney all but confirmed Tuesday that he is to stay at the helm for longer than planned in order to help ensure Britain leaves the European Union in as smooth a fashion as possible. Following days of speculation about an extension beyond his planned June departure, Carney told … Continue reading LONDON | Bank of England’s governor ‘willing’ to extend time at helm

Pennsylvania News: Indiana, Pa. Bank Employee, Madeline Isenberg Sentenced for Embezzling Funds from Customers’ Accounts

PITTSBURGH, Pa. – A resident of Indiana, Pennsylvania, has been sentenced in federal court to one day in prison, six months of community confinement and six months of home confinement on her conviction of embezzling from a federally insured bank, United States Attorney Scott W. Brady announced today. United States District Judge David S. Cercone … Continue reading Pennsylvania News: Indiana, Pa. Bank Employee, Madeline Isenberg Sentenced for Embezzling Funds from Customers’ Accounts

New York News: Cheektowaga Man, Thomas Cascio Sentenced To 15 Years For Bank Robbery

CONTACT: Barbara Burns PHONE: (716) 843-5817 FAX: (716) 551-3051 BUFFALO, N.Y. — U.S. Attorney James P. Kennedy, Jr. announced today that Thomas Cascio, 52, of Cheektowaga, NY, who was convicted following a jury trial of bank robbery, was sentenced to serve 180 months in prison by U.S. District Judge Lawrence J. Vilardo. Assistant U.S. Attorney … Continue reading New York News: Cheektowaga Man, Thomas Cascio Sentenced To 15 Years For Bank Robbery

Louisiana News: Destrehan Man, DILLON DAVIS Charged In Federal Court for Bank Robbery

Kenner, Louisiana – U.S. Attorney Duane A. Evans announced that DILLON DAVIS, age 25, of Destrehan, was charged in a one-count Indictment with bank robbery in violation of Title 18, United States Code, Section 2113(a). The federal indictment alleges that DILLON DAVIS entered the Chase Bank located at 3540 Williams Boulevard, in Kenner, Louisiana, and … Continue reading Louisiana News: Destrehan Man, DILLON DAVIS Charged In Federal Court for Bank Robbery

Colorado News: Denver Man, Richard Canada Sentenced to 10 Years In Federal Prison For Bank Robbery

Defendant robbed three banks in the Metro Denver area DENVER ,CO. – Richard Canada, age 67, of Denver, Colorado, was sentenced by Chief U.S. District Court Judge Marcia S. Krieger to serve 120 months (10 years) in federal prison after earlier pleading guilty to three counts of bank robbery, announced U.S. Attorney Bob Troyer and FBI … Continue reading Colorado News: Denver Man, Richard Canada Sentenced to 10 Years In Federal Prison For Bank Robbery

Tech companies, banks lead US indexes lower in midday trade

/December 26,2017 (AP)(STL.NEWS) — U.S. stocks edged lower in light trading midday Tuesday as markets reopened following the Christmas holiday. Losses among technology companies and banks outweighed gains by energy companies, airlines and other industrials stocks. Oil prices were headed higher. KEEPING SCORE: The Standard & Poor’s 500 index fell 3 points, or 0.1 percent, … Continue reading Tech companies, banks lead US indexes lower in midday trade

Man claiming to have bomb in bank killed in police standoff

MARIETTA, GA/July 7, 2017 (AP)(STL.News) — A man who claimed to have a bomb that could “take out the room” barricaded himself inside a suburban Atlanta bank Friday, sparking an hourslong standoff that forced police to bust through a brick wall of the building and ended when an officer shot and killed the suspect. Cobb … Continue reading Man claiming to have bomb in bank killed in police standoff

Fed: Biggest US banks strong enough to withstand recession

WASHINGTON/June 22, 2017 (AP)(STL.News) — All of the 34 largest U.S. banks are fortified enough to withstand a severe U.S. and global recession and continue lending, the Federal Reserve said Thursday. The first round of the central bank’s annual “stress tests” showed that as a group, the 34 big banks have gained strength thanks to … Continue reading Fed: Biggest US banks strong enough to withstand recession

ForeSee Introduces New Retail Banking Solution

ANN ARBOR, MI/June 13, 2017 (STL.News) – ForeSee (FS), the leader in Voice of Customer solutions, today announced a new solution to help retail banks prioritize investments across the customer journey for maximum business impact. ForeSee’s new solution, an extension of the award-winning ForeSee CX Suite®, is built on the company’s work with leading financial … Continue reading ForeSee Introduces New Retail Banking Solution

Enterprise Financial Services Corp Announces Resignation of Michael Walsh, Director and Chairman of the St. Louis Region

ST. LOUIS, MO/June 12, 2017 (STL.News) Enterprise Financial Services Corp (NASDAQ:EFSC) (the “Company”) announced the resignation, today, of Michael Walsh, Director and Chairman of the St. Louis Region.  Mr. Walsh joined the Company and its Board of Directors on February 10, 2017 as part of the Company’s acquisition of Jefferson County Bancshares, Inc. (“JCB”) and … Continue reading Enterprise Financial Services Corp Announces Resignation of Michael Walsh, Director and Chairman of the St. Louis Region

Wells claws back $75 million from top execs in sales scandal

NEW YORK/April 10, 2017 (AP)(STL.News) — The problems at Wells Fargo and its overly aggressive sales culture date back at least 15 years, and management had little interest in dealing with the issue until it spiraled out of control resulting in millions of accounts being opened fraudulently, according to an investigation by the company’s board … Continue reading Wells claws back $75 million from top execs in sales scandal

Trump launches his attack on banks’ financial restraints

WASHINGTON/February 3, 2017 (AP)(STL.News) — President Donald Trump launched his long-promised attack Friday on banking rules that were rushed into law after the nation’s economic crisis, signing new orders after meeting with business and investment chiefs and pledging further action to free big banks from restrictions. Wall Street cheered him on, but Trump risks disillusioning … Continue reading Trump launches his attack on banks’ financial restraints