Signature Bank reports robust results

Net Income for the 2011 Fourth Quarter Reached a Record $40.0 Million, or $0.85 Diluted Earnings Per Share, An Increase of $9.6 Million, or 31.8 Percent, from $30.3 Million, or $0.72 Diluted Earnings Per Share Reported in the 2010 Fourth Quarter.


State Street profit jumps absent charges

State Street is one of the country’s largest trust banks, acting as a custodian for investment firms’ securities and handling other back-office duties. The Boston bank has benefited from strong deposit growth, but like other lenders has had le


Bankers Upbeat On Private Equity For 2012

Thanks in part to new capital gains taxes and the sunset of the tax cuts enacted by former President George W. Bush in 2001 as well as the need among private equity investors to begin investing again after sitting out on deals in the wake of the global fi


Schwab 4Q profit rises 37pc

Charles Schwab Corp.'s fourth-quarter profit climbed 37% from a year ago period dented by legal settlements, as the discount brokerage's trading revenue was bolstered by its summer acquisition of optionsXpress.


Being international isn't sexy anymore for Citi

Citi's rivals JPMorgan Chase and Bank of America have Europe problems, too, but they also have U.S. branch networks about five times the size of Citi's. And bank business in the U.S., like the economy, is improving.


Morgan Stanley said to limit cash bonuses

Members of the company’s operating committee, led by Chief Executive Officer James Gorman, 53, won’t get any immediate cash, said the person, who declined to be identified because the plan hasn’t been made public. Mark Lake, a spokesman


Citigroup Q4 2011 net income declines

Citigroup 2011 full year net income was $11.3 billion on revenues of $78.4 billion, compared to net income of $10.6 billion on revenues of $86.6 billion for the full year 2010.


RBC GAM launches new corporate class structure

Corporate class funds are tax-efficient investment solutions, ideal for non-registered plans. RBC Corporate Class Funds include a selection of fixed income and equity funds that provide investors with tax-free switching and rebalancing, reduced taxable di


Miami Lakes-based BankUnited explores sale

Florida's second-largest bank is holding talks with potential buyers, said the people, who declined to be identified because the discussions are private. The lender, with a market value of about $2.25 billion as of yesterday, is working with Goldman


First Niagara to sell 37 HSBC branches to KeyCorp

The divesture includes the 26 branches that First Niagara had agreed to sell in the Buffalo, New York area in order to gain approval from the U.S. Justice Department for its purchase of 195 branches in HSBC's U.S. network.


JPMorgan to sell its customs and trade compliance services

This strategic move to acquire a global leader of customs and trade compliance solutions greatly expands Livingston's international trade expertise and service offerings within the United States and Canada, and extends this crucial and growing part o