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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 34-44
  • Exclusive: SEC targets 10 firms in high frequency trading probe - SEC document

    NEW YORK (Reuters) - The U.S. Securities and Exchange Commission has been seeking information on 10 registered broker dealers as part of an ongoing investigation into high-frequency trading strategies, according to an internal SEC document reviewed by...
  • Astatula man pleads guilty to $44 million bank fraud

    Astatula man pleads guilty to $44 million bank fraud
    An Astatula man who was charged last year with swindling $44 million from banks pleaded guilty Monday in federal court to one count of conspiracy to commit bank fraud and faces 30 years in prison. As part of a plea bargain, Pedro "Pete" Benevides, 44,...
  • Texans plead guilty to stealing more than 50,000 pieces of mail

    AUSTIN Texas (Reuters) - Two Texans pleaded guilty to stealing more than 50,000 pieces of mail and then removing checks, credits cards and other items from letters that they turned into cash and merchandise, U.S. prosecutors said on Thursday. Charles...
  • With Citigroup paying up, will feds' attention now turn to BofA?

    With Citigroup paying up, will feds' attention now turn to BofA?
    With Citigroup Inc. agreeing to pay $7 billion for issuing toxic mortgage securities, the Justice Department now turns to settling its case against what analysts call the biggest mortgage miscreant of all: Bank of America Corp. The government has...
  • China June bank loans beat expectations as Beijing steps on the gas

    BEIJING (Reuters) - Beijing stepped up efforts to re-energise China's economy in June and avert a sharper slowdown, pumping more money into the system and pressing banks to extend more loans, but analysts say more stimulus will be needed to ensure a...
  • Payday loan case showcases brutal interest rates in an industry under fire

    Tiffany Kelker was stuck. In January 2011, finding herself in need of some financial assistance after the holidays, she had taken out a $600 "payday loan" from an online lending business that advertised fast cash. In the ensuing months, however, the...
  • 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...
  • UK banks face break-up threat as watchdog plans competition probe

    LONDON (Reuters) - Britain's big banks could be broken up after the country's new competition watchdog set out plans for an 18-month investigation into services for small business customers and personal accounts because of a lack of competition. The...
  • Growth slightly lower than 7.5 percent 'acceptable': China's Li

    SHANGHAI/BEIJING (Reuters) - Chinese Premier Li Keqiang said economic growth of slightly more or less than 7.5 percent this year would be acceptable as long it still led to new jobs and higher wages, the official Xinhua news agency reported late on...
  • BofA offers $13 billion to settle mortgage probe: WSJ

    (Reuters) - Bank of America Corp has offered $13 billion to settle a probe into mortgage securities sold by the bank, the Wall Street Journal reported, citing people familiar with the matter. The bank met U.S. Justice Department representatives on...