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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
  • Three more convicted in Armenian Power fraud, extortion schemes

    Three men with ties to the Armenian Power gang were convicted in federal court this week for their roles in a vast racketeering conspiracy and a sophisticated debit card skimming scheme that targeted thousands of customers at 99 Cents Only stores across...
  • Exclusive: Bank of America in talks with U.S. on probe of Merrill - sources

    WASHINGTON (Reuters) - Bank of America Corp has held talks with the U.S. Justice Department to resolve a civil fraud probe into Merrill Lynch's sale of flawed mortgage securities ahead of the financial crisis, people familiar with the negotiations told...
  • Europe's top banks shed 2 trillion euros as regulatory belt tightens

    LONDON (Reuters) - Europe's top 30 banks cut assets by 2 trillion euros ($2.76 trillion) last year and are set to cut them again in 2014 as regulatory pressure prompts investment banks to shrink and retail banks sell some of their loans into a rising...
  • Tycoon on trial as Vietnam counts cost of its rogue bankers

    HANOI (Reuters) - A half-dozen shell companies, piles of forged documents, tax dodges, illegal stock trades and 19 bank staff unwittingly complicit in embezzlement on a massive scale. The indictment against Vietnamese tycoon and former banker Nguyen...
  • FGIC, BofA settle litigation over mortgage-backed securities

    (Reuters) - Bond insurer Financial Guarantee Insurance Co said it had reached an agreement with Bank of America Corp to settle litigation related to nine second-lien residential mortgage-backed securitizations FGIC had insured. FGIC said it received $584...
  • Bank of America reporta pérdidas debido a cargos por litigios

    Por Peter Rutherford y Tanya Agrawal (Reuters) - Bank of America Corp reportó el miércoles una pérdida en el primer trimestre debido a que tuvo que provisionar 6.000 millones de dólares adicionales para cubrir cargos por litigios, superando el...
  • Women edge into Gulf boardrooms as economies, societies shift

    DUBAI (Reuters) - Amina al-Rustamani, a member of a prominent UAE family, raised eyebrows among friends and relatives when she started her career in Dubai 13 years ago as an electrical engineer, becoming one of few females in the Middle East to enter...
  • Glendale resident found guilty of bank fraud, ID theft

    Glendale resident Rafael Parsadanyan was one of three men who were found guilty on Thursday of bank fraud and stealing the identities of hundreds of 99 Cents Only store customers. The other two men, Mher Darbinyan and Arman Sharopetrosian, were also...
  • Fees fuel 13 percent profit rise at Morgan Stanley wealth unit

    NEW YORK (Reuters) - Morgan Stanley's big bet on wealth management is looking strong as fees, commissions and interest collected by its more than 16,000 brokers fueled a 13 percent rise in the business's first-quarter net income from a year earlier to...
  • Wal-Mart takes on money transfer companies with new service

    Wal-Mart takes on money transfer companies with new service
    (Reuters) - Wal-Mart Stores Inc is launching a money transfer service in a direct challenge to the dominance of Western Union Co. and MoneyGram, aiming to broaden the financial services it offers to low-income customers and increase store traffic. Wal-...
  • Delinquencies on loans expected to rise

    Bankers are predicting more debtors are likely to fall behind on their auto loans and credit card payments this year, but there may be a silver lining. While rising delinquencies will spell trouble for those individuals who cannot make ends meet, it...