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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 23-33
  • Should big banks be broken up?

    The idea that some banks are "too big to fail" became common in 1984 when Continental Illinois was on the brink of failure. The then-seventh-largest bank in the U.S., Continental Illinois had $40 billion in assets, but many of those assets were bad loans,...
  • No: Make management accountable

    In 1985, some 3,500 savings-and-loan associations held nearly half of bank deposits in Florida. Today, more than 80 percent are held by 20 "big" banks. Is Florida better off? The answer is at the heart of the debate on whether big banks are too risky and...
  • Ruling good for community associations: My Word

    With a recent ruling by Florida's Fifth District Court of Appeal, community associations scored a victory that will provide them with financial relief during the fragile real-estate recovery. It marks a turning point in community associations' ongoing...
  • Player, not pawn, Rothstein associate gets five years

    Player, not pawn, Rothstein associate gets five years
    She may have held an impressive title — chief financial officer at Scott Rothstein's law firm — but Irene Shannon's attorney described her as nothing but a pawn to South Florida's king of fraud. Friday, a federal judge disagreed. U.S....
  • BofA ordered to pay $1.3 billion over Countrywide lending program

    Countrywide Financial hustled to make the loans. Bank of America, once again, is picking up the bill for the damages caused — the latest buffeting since the bank's disastrous acquisition of the Calabasas high-risk lender six years ago. A New...
  • Springfield Estate has 19th-century character for 21st-century living

    Springfield Estate has 19th-century character for 21st-century living
    It is not often that a piece of Maryland architectural history goes on the market, which is one of myriad reasons that the Springfield Estate (also known as Peerce's Plantation) in northern Baltimore County is such a treasure. At a selling price of $1....
  • U. of I. evolves as it adjusts to huge increase in international students

    U. of I. evolves as it adjusts to huge increase in international students
    Linda Fotzler bought the Armory House, a private dorm on the University of Illinois campus, in 1973, the year after she graduated. The students who lived there were predominantly men, and there was quite a bit of partying. Her current challenge is...
  • Overdraft fees risky for consumers, bonanza for U.S. banks: report

    WASHINGTON (Reuters) - Consumers who opt in for bank overdraft protection end up paying more than double for small purchases, a U.S. consumer watchdog warned on Thursday, giving banks a fee bonanza when checking accounts are short of funds. A study by...
  • CIT Group to buy Pasadena lender OneWest Bank

    CIT Group to buy Pasadena lender OneWest Bank
    Pasadena's OneWest Bank, which rose from the ashes of failed high-risk home lender IndyMac Bank, agreed to be bought by commercial lender CIT Group Inc. in a $3.4-billion deal that would create the biggest bank based in Southern California. The...
  • Herbalife shares rise as Ackman attack fizzles

    Bill Ackman promised a bombshell, but the activist investor's latest attack against Herbalife landed with a thud on Wall Street. Shares of the Los Angeles nutritional products company jumped 25% on Tuesday after the longtime Herbalife critic unveiled...
  • As credit dries up, troubled Chinese steel makers lose lifeline

    TANGSHAN China (Reuters) - In Tangshan, a polluted industrial Chinese city that produces more steel a year than the entire United States, the Xinming Steel Pipe Plant shut earlier this month leaving more than 400 workers and a host of creditors unpaid....