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Banking

A collection of news and information related to Banking published by this site and its partners.

Top Banking Articles see all

Displaying items 1-5
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California.
  • Summer jobs prepare the next generation [Commentary]

    Summer jobs prepare the next generation [Commentary]
    I landed my first summer job when I was 16. The qualifications were straightforward — possess strong decision-making skills, the ability to negotiate and compromise with colleagues, and the strength to maintain a calm demeanor in the face of...

    Credit Suisse posts big loss after U.S. tax settlement

    ZURICH (Reuters) - Credit Suisse Group AG reported its biggest quarterly loss since the peak of the financial crisis in 2008, the result of a 1.6 billion Swiss franc ($1.78 billion) settlement with U.S. authorities over helping its clients evade taxes....

    That's all? Citigroup eludes real punishment on securities

    The following editorial appeared in the Pittsburgh Post-Gazette on Monday, July 21: Last Monday, the Department of Justice announced a $7 billion settlement with Citigroup, the nation's third-largest bank, over a federal investigation into the bank's...

    JPMorgan begins to provide consumer help under $13 billion settlement

    WASHINGTON (Reuters) - JPMorgan Chase & Co has begun to provide the debt forgiveness and other help to struggling homeowners under last year's $13 billion accord with federal and state authorities, though it has only turned over a handful of details, a...