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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
  • Bank of America to pay record $16.65 billion to settle mortgage claims

    Bank of America to pay record $16.65 billion to settle mortgage claims
    Bank of America Corp. has agreed to pay $16.65 billion to end federal and state investigations into the sale of toxic mortgage securities during the subprime housing boom, the largest settlement by a single company in U.S. history, the Justice...
  • 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-...
  • Florida to get $1 billion from Bank of America settlement

    Florida to get $1 billion from Bank of America settlement
    Nearly 17,000 Floridians will receive more than $1 billion in relief as part of a record-setting national settlement with Bank of America, the Florida Attorney General's Office announced Thursday. Bank of America Corp. agreed to pay $16.65 billion to...
  • New York, California reap mini-bonanza from Bank of America settlement

    NEW YORK/LOS ANGELES (Reuters) - A clutch of states including California, New York and Illinois will share in a mini-bonanza from the $16.65 billion settlement agreed by Bank of America Corp on Thursday. The settlement announced by the U.S. Department...
  • Illinois will receive $300 million in Bank of America settlement

    Illinois will receive $300 million in Bank of America settlement
    Bank of America and the Justice Department have reached a record settlement of almost $17 billion to end a long-running probe into the marketing and sale of toxic mortgage securities by the bank and particularly its Countrywide Financial and Merrill Lynch...
  • Florida to get $1 billion of Bank of America settlement, Bondi says

    Florida to get $1 billion of Bank of America settlement, Bondi says
    A massive settlement announced Thursday between Bank of America and the U.S. Department of Justice will provide about $1 billion in assistance to thousands of Floridians, state Attorney General Pam Bondi said Thursday. The settlement, which totals $16....
  • 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....
  • 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...
  • Bank of America pagará 16.500 mln dlr para finalizar investigación por hipotecas

    WASHINGTON (Reuters) - Bank of America Corp llegó a un acuerdo los reguladores estadounidenses para el pago de 16.650 millones de dólares, con el que pondría fin a acusaciones sobre que habría llevado a inversores a comprar activos respaldado por...
  • Hires and promotions at Lehigh Valley businesses

    JOHN ARRINGTON has been selected as the executive vice president and Nittany Region president of National Penn Bancshares Inc. He will serve on different operating committees and is responsible for executive management in Centre County, such as...
  • 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...