Banking & Savings

Bank of Communications Co. (BCMXY) Upgraded to Hold at Zacks Investment Research

Bank of Communications Co. (OTCMKTS:BCMXY) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research note issued to investors on Tuesday, July 4th. According to Zacks, “Bank of Communications Co. Ltd. is engaged in providing banking and related financial services to individual and corporate customers. The bank’s personal banking products and services ...

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Norway Savings Bank Has $657,000 Stake in M&T Bank Corporation (MTB)

Norway Savings Bank maintained its position in M&T Bank Corporation (NYSE:MTB) during the second quarter, according to its most recent filing with the SEC. The firm owned 4,055 shares of the bank’s stock at the end of the second quarter. Norway Savings Bank’s holdings in M&T Bank Corporation were worth $657,000 as of its most recent SEC filing. Other hedge ...

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Norway Savings Bank Purchases 1,017 Shares of Cognizant Technology Solutions Corporation (CTSH)

Norway Savings Bank raised its position in shares of Cognizant Technology Solutions Corporation (NASDAQ:CTSH) by 10.9% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 10,307 shares of the information technology service provider’s stock after buying an additional 1,017 shares during the period. Norway Savings Bank’s holdings in Cognizant Technology Solutions Corporation ...

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Cortland Bancorp Declares Quarterly Cash Dividend of $0.08 Per Share Other OTC:CLDB

CORTLAND, Ohio, July 27, 2017 (GLOBE NEWSWIRE) — Cortland Bancorp (OTCQX:CLDB), the holding company for Cortland Savings and Banking Company, today announced that its Board of Directors declared a quarterly cash dividend of $0.08 per share.  The dividend will be payable on September 1, 2017, to shareholders of record at the close of business on August 10, 2017. “As our ...

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High banking charges | Indore NYOOOZ

Summary: The penalty levied by the banks for its non-compliance varies from Rs 50 per month to Rs 150. “HDFC bank charges Rs 150 per transaction beyond the limit of five transactions per month. This affects me badly since I receive multiple payments within a month and need to withdraw them accordingly. The banks have also increased the minimum balance ...

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Credit unions no longer able to do ‘banking’

Talks have broken off between the Steelworkers and Kootenay Savings Credit Union. — image credit: From now on you won’t be allowed to do any “banking” with your local credit union. That is because an advisory of the federal Office of the Superintendent of Financial Institutions (OSFI) issued on June 30, 2017, states credit unions are no longer allowed to use ...

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Greg McKee elected Treasurer of Mississippi Bankers Association

Greg McKee Greg McKee, president and chief executive officer of The Citizens Bank of Philadelphia, has been elected Treasurer of the Mississippi Bankers Association. As Treasurer, McKee serves on the Board of Directors and Executive Committee. MBA’s membership includes commercial banks and savings institutions operating in Mississippi, and the association’s members hold over 95 percent of the bank deposits in ...

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Customers choose banks based on security over rates

Banking customers are placing a greater importance on security rather than savings rates, new research has revealed A survey conducted by Aldermore has revealed that more than nine out of 10 consumers (92%) want to know that their money and personal details are safe, while 88% said interest rates were important when choosing a savings provider, with 86% opting for ...

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Payday lending kept me afloat when I fell from middle class to poverty—but it’s also kept me down — Quartz

This story was supported by the journalism non-profit the Economic Hardship Reporting Project. When I plunged from the middle class into poverty in 2013, a lot of things I took for granted went down the chute, including my six-figure salary, my comfortable lifestyle, and my self-esteem. But my finances, under long-term repair after a bitter divorce, crashed and burned. Overnight, ...

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Communiqué: 88th Meeting of Monetary Council of Eastern Caribbean Central Bank

1.0 Monetary Stability The Monetary Council received the Governor’s Report on Monetary and Credit Conditions in the Eastern Caribbean Currency Union (ECCU). The report assesses the recent trends in monetary and credit conditions, within the context of the Bank’s broader objectives of ensuring the stability of the exchange rate and exchange arrangements and the stability of the financial system. The ...

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