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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 111-121
  • U.S. appeals court endorses wrist-slaps for bank wrongdoing

    U.S. appeals court endorses wrist-slaps for bank wrongdoing
    U.S. District Judge Jed Rakoff, the federal judiciary's most outspoken critic of court settlements that let Wall Street bankers off easy, has been slapped down again. Rakoff, 70, was rebuked Wednesday by federal appellate judges in New York -- his...
  • In historic step, ECB pushes bank deposit interest rate below zero

    In historic step, ECB pushes bank deposit interest rate below zero
    In a bid to spur growth and avert the dangerous threat of deflation bedeviling the sluggish Eurozone economy, the European Central Bank cut its benchmark interest rate to a record low and took the unprecedented step of lowering the bank deposit rate below...
  • Freddie Mac: Fixed mortgage rates edge higher; 30-year averaging 4.14%

    Freddie Mac: Fixed mortgage rates edge higher; 30-year averaging 4.14%
    Reversing a five-week trend, fixed mortgage rates edged higher this week, with lenders telling Freddie Mac they were offering 30-year loans at an average interest rate of 4.14%, up from 4.12% last week.  The 15-year fixed mortgage, a favorite of...
  • BofA settles with insulted homeowner

    BofA settles with insulted homeowner
    It looks as if Daniel A. Bailey Jr. will be allowed to keep the home where he endured the wrath of Countrywide Financial kingpin Angelo Mozilo — and then skipped more than five years of mortgage payments. A loan modification, now close to final,...
  • Deflation-wary European Central Bank cuts deposit rate to below zero

    In a bid to spur growth and avert the dangerous threat of deflation in the sluggish Eurozone economy, the European Central Bank cut its benchmark interest rate to a record low and took the unprecedented step of lowering the bank deposit rate below zero....
  • California United, 1st Enterprise Banks to Merge

    The leaders of two local banks are aiming to shake up commercial lending in Southern California by combining into a sizable regional lender that promises to focus only on the needs of small and mid-size businesses. The merger of 1st Enterprise Bank into...
  • Gibson Island home offers waterfront views from every room

    Gibson Island home offers waterfront views from every room
    One of the finest waterfront properties on Gibson Island in Anne Arundel County is the contemporary three-story stucco home at 1621 St. Giles Road. "[The house] is just stunning, with sweeping views across Otter Pond and all the way to the Chesapeake...
  • Starlight Musicals: a Buffett of summer music

    Starlight Musicals: a Buffett of summer music
    A popular outdoor concert series starts a week earlier this year, and that's just fine with one Jimmy Buffett tribute act. Jimmy Stowe and the Stowaways will open the 36th annual Bank of America Starlight Musicals at Holiday Park on Friday. The series...
  • City attorney takes aim at big banks

    Much of what Los Angeles City Atty. Mike Feuer alleges in his lawsuits against four big banks for their mortgage and foreclosure practices isn't debatable. In his latest lawsuit filed May 30 against JP Morgan Chase, Feuer alleges that mortgage lenders...
  • Douglas Emmett benefits from a narrow focus in real estate

    Douglas Emmett benefits from a narrow focus in real estate
    Douglas Emmett Inc. has developed an extremely specific taste in properties: office and residential high-rises in Los Angeles and Honolulu. At 15.1 million rentable square feet, its office space would cover 262 football fields. With nearly 2,900...
  • 1st Mariner buyers win regulatory approval

    1st Mariner buyers win regulatory approval
    The investors buying 1st Mariner Bank said Monday that they've received the regulatory approvals they need and expect to close on the deal as soon as next week, turning the page on the Baltimore institution's most tumultuous chapter. The purchasers &#...