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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
  • Vigil held for Disneyland-bound family of five killed in crash

    Vigil held for Disneyland-bound family of five killed in crash
    Friends and loved ones of a family of five killed in a car crash while en route to Disneyland gathered in disbelief and shared grief during a vigil in Hesperia on Monday night. The parents -- identified by relatives as Angelica Garcia-Garcia and Gerardo...
  • Former Bank of America execs buy into Orlando firm

    Former Bank of America execs buy into Orlando firm
    A Charlotte, N.C.-based private equity firm headed by former Bank of America executives has acquired a controlling interest in Orlando-based online training company American Safety Council Inc. (ASC).  Terms of the investment were not disclosed, but a...
  • Bank of America halts dividend boost, buyback after finding bad data

    Bank of America halts dividend boost, buyback after finding bad data
    The Federal Reserve on Monday said it required Bank of America to suspend plans to increase dividends and buy back stock after the firm told regulators it submitted incorrect data about its finances as part of the government's annual stress tests. The...
  • Formula One might be sold

    Formula One might be sold
    Speculation continues that ownership of Formula One might be on the verge of changing hands. Canadian fashion tycoon Lawrence Stroll has been in talks about buying part of the international racing series, Britain's Sky News reported last week, and he'...
  • DreamWorks Animation Stock Tumbles After 'Mr. Peabody' Writedown

    DreamWorks Animation shares have slid sharply after the company took a $57 million impairment charge against earnings due to disappointing box office results for "Mr. Peabody and Sherman." Shares were down 9.6% in mid-session trading Wednesday, falling...
  • Floyd Mayweather's promoter downplays possibility of buying Clippers

    LAS VEGAS -- Among the notables who have expressed interest in buying the Los Angeles Clippers – a team that’s not for sale, by the way – is boxer Floyd Mayweather Jr., the country’s highest-paid athlete, one on track to earn $90...
  • Bidders battle over 1st Mariner Bank

    Bidders battle over 1st Mariner Bank
    An all-out battle over Baltimore's last major independent bank broke out Monday in federal bankruptcy court, leaving a judge to decide — potentially later this week — whether the institution is sold to an investment group with local ties or to...
  • Man accused of bank fraud, stealing 99 Cents Only store customer identities

    Jurors have started deliberating in the case of a Glendale man accused of bank fraud and stealing the identities of hundreds of 99 Cents Only store customers. Glendale resident Rafael Parsadanyan is one of three men, including Mher Darbinyan and Arman...
  • Group with local ties wins battle to buy 1st Mariner

    Group with local ties wins battle to buy 1st Mariner
    In a surprising reversal, last week's losing bidder for 1st Mariner Bank got approval Tuesday to buy it — preserving the city's largest independent bank as a Baltimore-based institution. The group of investors, a mix of locals and out-of-state...
  • Mortgage-related legal costs sock BofA with $276-million loss

    Mortgage-related legal costs sock BofA with $276-million loss
    Socked by mortgage-related legal expenses, Bank of America Corp. lost $276 million during the first quarter, sending its stock down sharply. The quarterly loss, its first in 2½ years, came despite lower loan losses and better than expected results in...
  • Fitness club demise represents the loss of a true Lehigh Valley treasure

    It's not business, to paraphrase Michael Corleone. It's strictly personal. The Westend Racquet, Swim & Fitness Club in South Whitehall Township, along with its sister fitness clubs created over recent decades by John Brinson, were among the best...