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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 12-22
  • Village officials herald signs of growth in Mundelein

     Village officials herald signs of growth in Mundelein
    The former Dominick's building at Midlothian Road and Route 176 may still be empty, but there are other signs of growth in Mundelein, according to John Lobaito, village administrator. Restaurants have opened or expanded, a new fitness center just opened...
  • Former Qualcomm executive pleads guilty to insider trading

    (Reuters) - A former president of Qualcomm Inc's global business operations pleaded guilty on Monday to insider trading in shares of the mobile phone chipmaker and a company it bought in 2011, as well as to a related money laundering charge. Jing Wang,...
  • Former BofA short-sales employee gets prison term for taking bribes

    Former BofA short-sales employee gets prison term for taking bribes
    A former Bank of America mortgage employee was sentenced to 30 months in prison for pocketing $1.2 million in payoffs to approve sales of distressed properties for far less than their actual value. Kevin Lauricella, 29, who had worked for BofA in Simi...
  • Bank of America won't take no for a permanent answer

     Bank of America won't take no for a permanent answer
    The letter Richard Knee received from Bank of America opened with a warning: "You may be missing out on valuable offers." "According to our records, you are not being mailed offers from Bank of America because you have opted out of postal mail marketing...
  • Sterling CFO warns of 'severe consequences' if Clippers are not sold

    Sterling CFO warns of 'severe consequences' if Clippers are not sold
    Donald Sterling's move to dismantle a family trust in order to block the sale of the Clippers could cause three banks to call for repayment of $480 million in loans and force the billionaire to sell part of his apartment empire, his chief financial...
  • China's rich look abroad as home prices fall, others stay put

    BEIJING (Reuters) - Rattled by falling home prices, some of the wealthiest Chinese are paring their property investments and turning to private equity or overseas holiday homes, a sign of fading hopes that the once red-hot market can bounce back any...
  • Five questions for financial gerontologist Cyndi Hutchins

     Five questions for financial gerontologist Cyndi Hutchins
    As baby boomers ebb out of the workforce and into retirement, financial advisers are helping wind down their clients' careers by preparing them for soon-to-be-reduced incomes. Meet Cyndi Hutchins, Bank of America Merrill Lynch's director of financial...
  • Director, co-star see 'Most Wanted Man' as the best Hoffman tribute of all

    There's something about a good spy novel that says "fall," and the best films in that genre reflect this. The skies are overcast, a sort of pale gun-metal grey. Everything is rain and shadows, all the better for skulking about underthe ever-present pall...
  • Lauderhill man pleads guilty to bank fraud, faces up to 30 years in prison

    A Lauderhill man pleaded guilty Friday to committing bank fraud that cost the IRS more than $200,000. Willy Toussaint, 41, faces up to 30 years in prison, five years of probation and a $1,000,000 fine, according to the U.S. Department of Justice....
  • U.S. hedge fund charts recovery plan for American Apparel

    (Reuters) - Standard General, a little-known hedge fund that has taken the reins of American Apparel Inc, has mapped out a recovery plan for the retailer with or without its ousted Chief Executive Officer Dov Charney. The fund invests in companies that...
  • Northampton County Council approves Executive John Brown's Cabinet picks

    Northampton County Council confirmed three of Executive John Brown's Cabinet officials Thursday, leaving just one vacancy in his administration. A stream of colleagues, friends and even "friendly competitors" of the three men appeared before council to...