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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
  • Wind Gap man admits draining elderly aunt's accounts

    Michael Dovyak looted his elderly aunt's bank accounts to feed his gambling addiction, the Wind Gap man told a Northampton County judge Thursday. Dovyak, 54, pleaded guilty before Judge Stephen J. Baratta to a single charge of theft, a felony that will...
  • Big business finally learns that wellness is good business

    2014 has been the year when the discussion of well-being has migrated from health and wellness magazines to business magazines. Wellness, and how to integrate it into our work lives, has become the hottest topic in the business pages. And that should...
  • Downers Grove man sentenced in bank fraud

    A Downers Grove man has been sentenced for defrauding Aurora-based Old Second National Bank out of more than $340,000 through his now-defunct Urban Motors Corp. car dealership. U.S. District Judge John Tharp gave Tariq Khan, 38, five years of...
  • Miami's mortgage discrimination suits against Citi, Wells dismissed

    (Reuters) - A federal judge has dismissed mortgage discrimination lawsuits filed by the City of Miami against Citigroup Inc and Wells Fargo & Co, following the dismissal of a similar lawsuit against Bank of America Corp earlier this week. On Wednesday U....
  • U.S. banks to lose profit cushion of releasing bad-loan reserves

    NEW YORK (Reuters) - A popular way for big U.S. banks to boost profits may have run its course. The practice of dipping into funds set aside for bad loans, known as releasing loan-loss reserves, has helped the industry weather weak loan demand and...
  • Ty Warner lawyers call tax dodging sentence 'reasonable'

    Ty Warner lawyers call tax dodging sentence 'reasonable'
    Lawyers for convicted tax evader Ty Warner said his sentence of two years’ probation was reasonable, pointing out that the punishment of the Beanie Babies billionaire was consistent with more than half of the offshore banking cases that the...
  • Former UCLA Bruins star J.J. Stokes sells Emerald Hills home

    Former UCLA Bruins star J.J. Stokes sells Emerald Hills home
    J.J. Stokes, the former UCLA Bruins wide receiver who played nearly a decade in the NFL, has hauled in a buyer for his home near Redwood City, selling the property for $185,000 more than his asking price of $1.725 — $1.91 million. The home,...
  • ECB keeps banks on tight leash for health check results: sources

    FRANKFURT/LONDON (Reuters) - The European Central Bank wants to give banks just 48 hours to review the results of a balance sheet health check so it can guard against data leaks even though the banks would like more time. The ECB is carrying out the...
  • Bank of America resubmits request for dividend increase: WSJ

    (Reuters) - Bank of America Corp has asked regulators to approve a higher quarterly dividend of 5 cents per share after it withdrew a previously planned increase in April, the Wall Street Journal reported on Wednesday, citing people familiar with the...
  • Texas microlender steps up for entrepreneurs

    DALLAS Kimberly May credits microlender Accion Texas with rescuing her roofing business in 2007. Three days after Bank of America approved a $40,000 line of credit, the bank rescinded it. But by then, May had ordered materials for upcoming projects and...
  • Exclusive: UAE bourses merger shelved as terms not agreed - sources

    ABU DHABI (Reuters) - A planned merger of the Dubai Financial Market and the Abu Dhabi Securities Exchange (ADX) has been shelved for the foreseeable future as terms for the politically sensitive move could not be agreed, sources told Reuters on Thursday....