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Banking

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Top Banking Articles see all

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  • Feds charge Rothstein's former CFO Irene Stay

    Feds charge Rothstein's former CFO Irene Stay
    Federal prosecutors filed a criminal charge Wednesday against Scott Rothstein's former bookkeeper, who became the chief financial officer of his law firm, court records show.
  • Wall Street gains on Yellen comments and Yahoo; BofA falls

    Wall Street gains on Yellen comments and Yahoo; BofA falls
    NEW YORK (Reuters) - Stocks rose 1 percent on Wednesday, advancing for a third straight session as Federal Reserve Chair Janet Yellen reaffirmed the central bank's commitment to keeping interest rates low and Yahoo rallied. Data showing Chinese...

    Bank of America loses money in 1st quarter after settlement

    CHARLOTTE, N.C. Bank of America Corp. was once again hammered by financial crisis-era legal woes in the first quarter, and Wednesday's earnings report raised fresh questions about just how much the bank will be forced to pay going forward. The...

    Shares of boutique investment bank Moelis rise in debut

    (Reuters) - Shares of Moelis & Co rose as much as 9 percent in their debut on Wednesday despite recent market pressure on financial stocks including boutique investment banks. Underwriters cut the size of the offering and priced it below its targeted...

    Bank of America's mortgage crisis costs become a recurring problem

    (Reuters) - Bank of America Corp's mortgage pain is lasting longer than expected, leading some investors to wonder if the massive expenses being incurred have become a recurring cost of doing business instead of being dismissed as one-time items. The...