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Banking

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

Top Banking Articles

Displaying items 100-110
  • Bank of America's $16.65 billion: Where will it go?

    In its $16.65 billion settlement announced Thursday, Bank of America is making $9.65 billion in cash payments to various federal agencies and six states, plus providing $7 billion in consumer relief. The bank said the settlement will reduce its third-...
  • Internet banking still No. 1 but slips in popularity

    Internet banking still No. 1 but slips in popularity
    Consumers are banking less often on desktop computers, as an increasing number of people turn to mobile phones, ATMs and even branches to handle their finances, a survey released last week shows. Asked which methods they "use most often" to manage their...
  • Settlement brightens outlook for Bank of America, fund managers say

    NEW YORK (Reuters) - Bank of America's decision to pay $16.7 billion to settle charges stemming from the sale of mortgage-backed securities may finally allow the company to put last decade's housing bubble behind it, fund managers and analysts say....
  • Man pleads guilty over 'Hot Lips' account used to evade U.S. taxes

    NEW YORK (Reuters) - A Florida man on Tuesday pleaded guilty in New York to criminal charges for concealing as much $1.1 million in offshore accounts, even after learning that U.S. authorities were cracking down on wealthy Americans evading taxes....
  • Bank of America reaches record $16.65B mortgage settlement

    CHARLOTTE, N.C. Bank of America will pay $16.65 billion in a settlement with the U.S. government and various states over soured mortgage bonds, under a landmark pact announced Thursday. The deal, which has been expected for weeks, calls for the...
  • Paul Hoffman, director, Dresner Partners

    Paul Hoffman, director, Dresner Partners
    Chicago-based investment bank Dresner Partners has promoted Paul Hoffman to director from senior vice president. Prior to joining Dresner Partners, Hoffman worked for nine years at Bank of America Securities in Chicago. Hoffman has a B.A. in economics...
  • 'Scottish aristocrat' pleads guilty in welfare fraud case

    A self-described "Scottish aristocrat" accused of collecting government benefits while living on a million-dollar yacht in South Florida has been sentenced to a year behind bars and ordered to pay the money back after pleading guilty in a welfare fraud...
  • China juices liquidity, and risk, at OTC exchange

    SHANGHAI August 22 (Reuters) - Chinese brokerages will start making markets next week on China's New Third Board, its leading over-the-counter (OTC) exchange but one long derided as a dead-end market populated by small little-known, opaquely managed...
  • Russia grants asylum to banker wanted by Lithuania: prosecutors

    VILNIUS (Reuters) - Russia has granted asylum to Lithuanian banker Vladimir Romanov, who is wanted on embezzlement charges, and has said it will not extradite him, Lithuanian prosecutors said on Monday, in a move likely to further chill relations...
  • JPMorgan, BofA to raise junior banker pay by 20 percent: sources

    NEW YORK (Reuters) - JPMorgan Chase & Co and Bank of America Corp are planning to hike salaries of junior employees by at least 20 percent, people familiar with the proceedings said. JPMorgan executives are determined to pay competitively with other...
  • 'Masters of Sex' recap: Finally on his own, Bill struggles financially

    'Masters of Sex' recap: Finally on his own, Bill struggles financially
    Striking out on his own after being fired from three hospitals in quick succession, Dr. William Masters (Michael Sheen) opens a clinic in a seedy St. Louis neighborhood on “Asterion,” Episode 207 of Showtime’s “Masters of Sex.&...