Banks

Barclays share price got a well-deserved, swift kick in the seat of its pants today as it dropped 6.52% on the London Exchange (LSE:BARC) and is down 6.75% on the New York Exchange (NYSE:BCS) as of 2:44 EDT.  The Barclays share price hit a 19-month low on the LSE, closing at 215.00, and reducing its […]

Merger to Create One of New Jersey’s Premier Financial Institutions With Enhanced Financial Resources and Technology Serving Middle Market Commercial Businesses ConnectOne Bancorp, Inc. (Nasdaq:CNOB), parent company of ConnectOne Bank, and Center Bancorp, Inc. (Nasdaq:CNBC), parent company of Union Center National Bank, today jointly announced that their respective shareholders, at...

The U.S. Department of the Treasury has priced a secondary public offering of the remaining 1,085,554 shares of common stock of CommunityOne Bancorp (the Company) it holds at $9.35 per share. The aggregate net proceeds to Treasury from the offering are expected to be $10.1 million. After this offering, Treasury will no longer hold any […]

Dividend of $0.15 Per Share Flushing Financial Corporation (Nasdaq:FFIC), the parent holding company for Flushing Bank, today announced that the Board of Directors declared a quarterly dividend on its common stock of $0.15 per common share, payable on June 27, 2014 to shareholders of record at the close of business on June 6, 2014. John […]

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 […]