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Bank of America forgoes $6 billion with slimmer consumer strategy
Bank of America Corp (BAC.N) gave up about $6 billion in annual revenue by phasing out risky consumer banking products and eliminating certain fees, but the long-term impact on profits should be minimal, a top executive said on Tuesday. The company had previously earned about $3 billion a year in punitive fees such as overdraft charges on debit-card purchases and about $3 billion a year through ... Tue, 16 Sep 2014 11:32:12 -0700

Bank of the West named Best Private Bank and Best Commercial Bank in the Western United States by World Finance Magazine
SAN FRANCISCO, Sept. 16, 2014 /PRNewswire/ -- Bank of the West today announced that its Commercial Banking Group (CBG) and Wealth Management Group (WMG) were named 2014 Best Commercial Bank – US West, and Best Private Bank – US West, respectively by World Finance magazine. Both groups were nominated by World Finance magazine readers and selected as the 2014 winners by a panel of judges. The ... Tue, 16 Sep 2014 11:00:00 -0700

BofA loses $6 bln in consumer fee cuts
Bank of America gave up billions in annual revenue by phasing out certain fees and risky banking products. Tue, 16 Sep 2014 10:49:13 -0700

California Bank & Trust Appoints 25-Year Banking Veteran Tory Nixon to Head Northern California Division
California Bank & Trust, one of the largest banks headquartered in California, announced that 25-year banking veteran, Tory Nixon, has been appointed as head of the bank’s Northern California Division. Tue, 16 Sep 2014 08:30:00 -0700

U.S. Bank Treasury Management Clients Can Perform Key Functions on the Go with New Mobile App
U.S. Bank Mobile SinglePoint clients can now access banking functionality while away from the office with an iPhone or iPad app. The new apps provide clients access to select tools that allow them to manage critical banking functions such as wire transactions, book transfers and password resets anytime, anywhere. Tue, 16 Sep 2014 08:00:00 -0700

European banking job numbers drop a further 21,000 in first half
By Clare Hutchison LONDON (Reuters) - The banking sector's long and painful restructuring accounted for a further 1.2 percent fall in staff numbers at Europe's biggest lenders in the first half of the year, data compiled by Reuters shows, with little prospect of an upturn any time soon. ... Tue, 16 Sep 2014 06:51:46 -0700

Royal Bank Expands With Modern Northern Liberties Branch, Princeton Office/ Positions for the Future With Capital ...
Royal Bancshares of Pennsylvania and its banking subsidiary Royal Bank America have taken several steps to position for the future. Previously-reported earnings momentum, which included a return to profitability ... Tue, 16 Sep 2014 05:00:00 -0700

Banking's Big Comeback
No other industry has undergone the ordeal banking has in recent years. Forced to contend with billions upon billions of dollars in fines and dealt all manner of reputational damages along the way, banking ... Tue, 16 Sep 2014 04:43:12 -0700

RBS Said to Dismiss Most of Team Overseeing Central Europe Debt
RBS Chief Executive Officer Ross McEwan is shrinking investment-banking operations and focusing on domestic customers after the Edinburgh-based lender received the world’s biggest bank bailout in 2008. Tue, 16 Sep 2014 03:38:57 -0700

Ally Bank Launches Mobile Banking Apps for Android™ tablet and Kindle Fire(SM)
MIDVALE, Utah, Sept. 15, 2014 /PRNewswire/ -- Following the recent launch of its iPad® mobile app, Ally Bank, the direct banking subsidiary of Ally Financial Inc., has launched two new mobile apps designed specifically for the Android™ and Kindle Fire(SM) tablets. Incorporating native design and touch navigation, the new apps offer an enhanced user experience for Ally Bank customers accessing ... Mon, 15 Sep 2014 07:02:00 -0700

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