Banks

About 14,000 jobs will be lost by the end of 2014 at Barclays (LSE:BARC) as the bank revealed its earlier promised strategy moving forward after adjusted profits for the first quarter of this year fell. In a statement today, Barclays said half of the job cuts will come from the group’s investment arm, which saw […]

Shares of Barclays plc (LSE:BARC) fell at the opening of trading in London on Tuesday, after the UK bank revealed its adjusted profit before tax for the first quarter of 2014 were hit by lower revenue from its investment arm. In a statement, Barclays said adjusted profit before tax fell five percent to £1.693 billion. […]

Prudential Bancorp (Nasdaq:PBIP), the holding company for Prudential Savings Bank (the “Bank”), has reported net income of $535,000, or $0.06 per basic and diluted share, for the quarter ended March 31, 2014 as compared to $14,000 or $0.00 per basic and diluted share, for the comparable period ended March 31, 2013. For the six months […]

State Bank Corp. (OTCBB:SBAZ) (“Company”), the holding company for Mohave State Bank, has announced net income of $470,000, or $0.08 per diluted share, for the quarter ended March 31, 2014, as compared to net income of $327,000, or $0.06 per diluted share, for the same period of 2013. First Quarter 2014 Highlights include: – The […]

The UK Financial Investments Limited, Britain’s manager of Government assets in the Royal Bank of Scotland (LSE:RBS) will vote against any proposal which would give bonuses to the bank’s executives up to twice as much as their salaries, the Board of the Royal Bank of Scotland told Friday. 81-percent government-owned RBS had earlier contemplated, in […]

Over 800 shareholders heard Barclays’ (LSE:BARC) Chairman, Sir David Walker say exactly that this morning at the banks AGM at Royal Festival Hall today. In fact, what he said was, “”Bonuses up, profits down. Not a headline we would have chosen.” I beg to differ, as I usually do. I would most respectfully submit that […]

The $1.2 billion parent company of Luzerne Bank and Jersey Shore State Bank Richard A. Grafmyre, President and CEO of Penns Woods Bancorp, Inc., (Nasdaq:PWOD) has announced that the Company’s Board of Directors has authorized the repurchase of 10% of the outstanding shares of the Company. The repurchase plan is for a one year period […]

The share price of mega-bank Citigroup (NASDAQ:C) continued to slip today as the once mighty firm continues to embrace the roll of the “Sad Sack” of the world banking sector. Last Wednesday, 02 April, Citi shares closed at 48.25. The share price has closed lower each succeeding day, at 47.66 on Thursday, 47.11 on Friday, […]

Northrim BanCorp, Inc. (Nasdaq:NRIM) today announced the completion of its acquisition of Alaska Pacific Bancshares, Inc. and its wholly owned subsidiary, Alaska Pacific Bank, in a stock and cash transaction. “We are excited to welcome the customers, employees and shareholders of Alaska Pacific to Northrim and look forward to what we anticipate will be a […]

HSBC (LSE:HSBA) is a bear market and it would continue going downwards for as long as the selling pressure continues, even when speculators think market would reverse. The quondam bias testifies to this. Past rallies have been punctuated by sharp drops in the price. Every bias requires those who think it would end quickly, so […]